Lenovo reports an 18 percent annual increase in quarterly earnings for the period ending June 30. And Yang Yuanqing, its top executive, sees "even more opportunity to grow rapidly." However, the firm's acquisitions of IBM's x86 server business based in RTP and Google's Motorola Mobility are still under review, Yang says.
The North Carolina Biotechnology Center has a new chief executive officer: Doug Edgeton, who already is a senior executive at the Center. He replaces Norris Tolson, who retired June 30.
The National Institute of Allergy and Infectious Diseases has provided another $4.1 million in funding to Triangle-based BioCryst Pharmaceuticals for further development of a potential vaccine to treat Ebola.
There's nothing like a major positive healthcare study to add credibility to a product. Just ask Howard Doran, chief executive officer at LipoScience. During a conference call to discuss the Raleigh-based firm's most recent earnings, Doran touted the study from the research arm of healthcare giant WellPoint as being an "important inflexion point" for adoption of the firm's cholesterol test.
Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones and tablets.
A new report from CB Insights, which tracks the venture capital industry, documents for the first time the importance of crowdfunding to startups not only for initial capital but also as a way to ignite interest from institutional investors. But in N.C., there's a problem: The state has yet to approve crowdfunding legislation.
Validic, a Durham-based startup focused on linking medical devices, app developers and healthcare clients and is backed by Dallas billionaire Mark Cuban, has landed $5 million in new venture capital.
Cree reported record income for its last fiscal year on Tuesday and forecast future revenue that didn't quite match analysts' expectations. The news sent Cree shares down in after-hours trading. But in a conference call with analysts, Chief Financial Officer Mike McDevitt dropped a hint that Cree is eyeing another market for growth. So what's Cree thinking?
"Let me say up front: As CEO, I'm not satisfied with the numbers on this page," says Chief Executive Officer Tim Cook in a blog post. "They're not new to us, and we've been working hard for quite some time to improve them."