The latest blog posts from our WRAL Tech Wire and WRAL editors. Read the latest articles…
Activist investor Carl Icahn said he will pursue a shareholder vote to force Apple Inc. to boost its stock buyback plan, stepping up his campaign to unlock more of the cash held by the world's most valuable company. The non-binding proposal will be for less than the $150 billion he had been advocating, Icahn said in a Twitter post. He will propose a $50 billion buyback, CNBC reported.
Sanofi executive Anne Whitaker joins Cree's board of directors; Cree expands its LED portfolio with a new 75-watt bulb; and N.C. State is using Cree bulbs to help a new residence hall meet LEED Silver certification standards.
The North Carolina Chamber is hosting an energy conference on Wednesday during which Gov. Pat McCrory, various industry executives and N.C. State economist Dr. Michael Walden will be speaking. Walden will present a study he published earlier this year that points out energy development poses benefits as well as risks to the state. WRALTechWire is publishing portions of Walden's report ahead of that meeting as part of the ongoing debate about energy and the state's future.
Online shoppers - especially at Amazon, eBay and through Google - drove traffic to record levels and ended up making nearly $2 billion in purchases, according to Morrisville-based ChannelAdvisor and Internet research firm ComScore.
U.K. Prime Minister David Cameron defended GlaxoSmithKline over bribery allegations in China, saying the British drugmaker is an important and strong business. Cameron has been joined by GSK CEO Andrew Witty on his trade mission to China this week.
The NC Chamber Foundation has launched a software tool designed to help track North Carolina's progress meeting economic benchmarks. Read more about how the dashboard software works.
BioDelivery Sciences International's opioid dependence treatment Bunavail faces an FDA decision date of June 7 and the Raleigh company is getting ready to go to market if it secures regulatory approval.
The changes to Google Compute Engine service are aimed at attracting corporate customers away from Amazon, Microsoft and others that are betting businesses will access computing power from large, centralized data centers instead of their own systems.
Apple pays more than $200 million for Topsy, said people with knowledge of the deal, who asked not to be identified because the information is private. The San Francisco-based startup's service is used by companies to analyze consumer sentiment on Twitter, be it responses to TV shows or politics.
"We are very much alive, thank you," says John Chen, who took over as CEO of the struggling Canadian smartphone maker last month. "We understand the realities of the enterprise mobility market better than anyone, and we're in the game for the long term."
Retailers catering to smartphone and tablet users are especially benefiting, with mobile traffic accounting for 30 percent of the total, an increase of 58 percent from last year, IBM reports. Meanwhile, Morrisville-based ChannelAdvisor reports big increases for Google, Amazon and eBay.
Biochemtex, which is a partner in a joint venture with Novozymes, says it will build the biofuels plant and create 65 jobs over three years. The company could receive $300,000 from the state's One North Carolina if it meets objectives.
BioDelivery Sciences invested a mix of stock and cash that could total nearly $40 million if a proposed gel to treat diabetic neuropathy pain wins FDA approval, and the company says it will proceed with further tests after a "positive" meeting with regulators.
Durham-based biotech startup Scioderm, which in April disclosed $16 million in venture funding and was awarded fast-track status for its lead drug candidate, now is adding veteran executives to its board of directors.