A group of states including North Carolina settled with drug maker Pfizer on Wednesday to settle two lawsuits that alleged the company owed millions in rebates to Medicaid for heartburn and acid reflux medications.
Cindy Whitehead, the former CEO of Raleigh-based Sprout Pharmaceuticals and sold it for $1 billion to Valeant then left the company, is launching a new company: "The Pink Ceiling."
At Tuesday's Full Steam Ahead Awards presented by WRAL Tech Wire at Motorco in Durham, 12 entrepreneurial companies were recognized with the customary conductor's hat and train whistle as leaders in their category. Another five individuals were recognized for their careers of service.
Pharmaceutical company GlaxoSmithKline says higher sales of vaccines and consumer healthcare products pushed up its earnings from core business by 19 percent in the first quarter. CEO Andrew Witty sees the results as an "encouraging start" for the year.
HQ Raleigh and Red Hat each captured two awards in WRAL TechWire's fourth "Full Steam Ahead Awards" on Tuesday night. Dave Rizzo, foounder of NC IDEA and IDEA Fund Partners, and Research Triangle Regional Partnership CEO Charles Hayes are among five lifetime service award recipients.
Fresh from closing on a new round of $4.1 million in venture funding, Windsor Circle CEO explains what he plans to do with the funding.
Is the worst over for Cree? The Durham-based LED firm's latest earnings report Tuesday beat the Street and a revenue forecast was largely in line with expectations. The result: A small boost in share price during after-hours trading.
Analysis: Apple's latest earnings report shows a big obstacle for the tech giant. Year-over-year revenue declined for the first time since 2003 and a reason is: People love their iPhones. So what's Apple to do? Technology Business Research analyst Jack Narcotta offers his in-depth analysis.
Analysis: AT&T is revamping its mobility strategies to improve organic revenue growth, writes Steve Vachon, an analyst with Technology Business Research. The communications giant reported its latest earnings on Tuesday, and Vachon offers in-depth analysis.
The North Carolina Biotechnology Center awarded 21 grants and loans totaling $2.5 million to companies, universities and nonprofit organizations across the state during the third quarter of its 2015-2016 fiscal year ending March 31.
Windsor Circle, the Durham startup whose CEO loves to wear green pants as a marketing ploy, has plenty more "green" around. The company has raised new venture funding, according to a securities filing.
Organic Transit, the Durham-based startup focusing on the "ELF" vehicle, is continuing to raise funding through a mixture of equity, dept and options, according to an SEC filing.
"As lawmakers explore ways to reform the tax code, we would encourage them to not lose sight of startups and how the tax code can be reformed to encourage more entrepreneurial activity," says the head of the National Venture Capital Association.
Time is running out for you to get free tickets to Tuesday night's Full Steam Ahead Awards celebration from WRAL TechWire. We will be handing out 12 awards and five life time service honors - as well as our coveted engineer caps. Check out the list of finalists - and be there to find out who wins. We've also added some door prizes, including Durham Bulls tickets.
New data shows that the sharing economy is continuing to have a bigger impact on traditional industries such as hotels and transportation. In fact, revenues in those two segments - led by Airbnb and Uber - are forecast to more than double over the next five years.