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Posts tagged “Local Firms”

Updated 7:54 a.m. today

Premium Lock Countering downgrades, S&P gives Quintiles a post-merger boost

Quintiles            Three Wall Street firms have voted "no" on the big Quintiles-IMS Health merger so far by downgrading Quintiles stock. However, on Wednesday afternoon S&P Global Ratings weighed in with a positive review of the deal. WTW Insiders get the details.

2:27 p.m. yesterday

Triangle headlines: GSK sells RTP buildings; Nortel bankruptcy ruling; Lenovo's $500M investment fund; Chinese firms like NC

Triangle headlines In today's wrapup of Triangle area news: GSK sells its RTP buildings but plans to lease them back; a ruling may lead to Nortel bankruptcy settlement; Lenovo plans to invest $500 million in startups; and Chinese firms show a liking for North Carolina.

Updated 6:46 a.m. yesterday

Quintiles, IMS to merge, forming $17.6B firm; Street lukewarm to deal

Durham-based life science services giant Quintiles is merging with IMS Health Holdings in a deal forming a company worth some $17.6 billion. The merger was announced early Tuesday. Quintiles founder Dennis Gillings will lead the combined board but IMS shareholders will hold majority of stock. Wall Street, however, reacts negatively to the news.

Quintiles' headquarters       Quintiles' headquarters

Updated 6:42 a.m. yesterday

Premium Lock CEOs' meeting leads to huge $17.6B Quintiles-IMS merger

The merger of Quintiles and IMS Health creating a $17 billion health services company announced Tuesday can be traced back to a meeting between the two CEOs last year. Quintiles' Tom Pike tells analysts the two firms discovered quickly how well they could work together, and the CEO of IMS says the collaboration has already delivered "major wins."

Tom Pike Tom Pike

Updated 1:27 p.m. Tuesday

Premium Lock Analyst: Q-IMS merger could trigger more deals; why Street doesn't like Q deal

Tech mergers Tuesday's merger of Quintiles with IMS Health Services might trigger other CRO deals affecting the Triangle, says Chapel Hill-based analyst Andrew Schafer of Industry Standard Research. Also, Wall Street is giving the Q deal the thumbs down as shares tumble 8 percent. Why? Schafer explains. Plus, a Bloomberg columnist weighs in.

9:40 a.m. Tuesday

Premium Lock Quintiles merger Q&A: Local impact, why do the deal, more

Merger Any time companies merger, they talk about cost savings and "synergies." That often means layoffs with redundant services and more often being cut. So will there be an immediate impact in Durham at Quintiles' global headquarters? And why merge with IMS Health Services? WTW asks a Quintiles exec for details.

5:50 a.m. Monday

WTW news in review: Week of April 25, part one

Week in review Here's a look back at technology, life science and other related news as reported in WRAL TechWire for the week of April 25, part one of two.

5:45 a.m. Monday

WTW news in review: Week of April 25, part two

Week in review Here's a look back at technology, life science and other related news as reported in WRAL TechWire for the week of April 25, part two of two.

Updated April 29

Premium Lock SAS: IoT, machine learning are transforming utilities

Power grid A new white paper from SAS reports that the Internet of Things and machine learning are transforming the nation's utilities industry as they seek to build an ever-smarter grid for services delivery.

April 29

Premium Lock CEO: 'Hunter and farmer' approach paying off for SciQuest

eProcurement services firm SciQuest beat the Street in earnings and revenues for the first quarter - and expects a bullish year. Among the reasons: A "hunter and farmer" sales approach implemented for its sales force, CEO Stephen Wiehe tells Wall Street analysts.

Stephen Wiehe claps after SciQuest's return to Nasdaq in 2011 Stephen Wiehe claps after SciQuest's return to Nasdaq in 2011

April 28

Premium Lock Lenovo falls from top 5 among global smartphone vendors

Lenovo   A reorganization and job cuts in its smartphone business are apparently not producing quick dividends for Lenovo. The latest statistics from research firm IDC show that Lenovo has fallen out of the top five among global manufacturers.

Updated April 27

Full Steam Ahead Awards salutes NC's entrepreneurs

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.

The Reward Stock team The Reward Stock team

Updated April 27

'Ecouraging start:' GSK sees rise in sales of vaccines, healthcare products

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.

April 27

Yahoo board battle; Comcast earnings; Nintendo sinks; TWC deal conditions

Bulldog In today's Bulldog wrapup of technology news: Yahoo adds four board members in investor battle; Comcast beats Street; Nintendo losses grow; TWC's merger OK'd with conditions.

Updated April 27

Double winners: HQ Raleigh, Red Hat share Full Steam awards spotlight

Full Steam Ahead awards  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.

April 27

Worst over for Cree? Earnings report gives boost to stock

A new Cree street light fixture  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.

Tags: Cree
April 25

WTW news in review: Week of April 18, part one

Week in review Here's a look back at technology, life science and other related news as reported in WRAL TechWire for the week of April 18, part one of two.

April 25

WTW news in review: Week of April 18, part two

Week in review Here's a look back at technology, life science and other related news as reported in WRAL TechWire for the week of April 18, part two of two.

April 21

Seven pieces of insight, advice for startups from Red Hat CEO

Jim Whitehurst  Jim Whitehurst, one of the Triangle's best known tech leaders tells lessons learned from getting Delta Airlines out of bankruptcy to hiring the best talent at Red Hat to acquiring Ansible in 2015

April 20

Red Hat beefs up 'cloud' offering; new cholesterol drugs falter; Airbnb updates; EU-Google battle intensifies

Bulldog In today's Bulldog wrapup of technology and life science news: Red Hat expands its cloud offerings; new cholesterol lowering drugs hurt by prices; Airbnb updates its offerings; and the EU vs. Google battle intensifies.

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