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Raleigh Triangle Local and Business News

  • Commissioner reverses stance that could help bring jobs to Cumberland

    Anti-chicken plant stickerCumberland County’s pursuit of a chicken processing plant that could bring 1,000 jobs to the area has new life after the county commissioner who cast a swing vote on the initiative last week changed his mind.

  • Registration open for 2015 Komen Triangle Race for the Cure

    2014 Race for the CureRegistration is open for the 2015 Komen Triangle Race for the Cure organizers announced Thursday.

  • A new hedge fund with Duke University roots raises $7.5 million

    A new Raleigh investment fund with Duke University roots has closed on $7.5 million, according to papers filed Thursday with the U.S. Securities and Exchange Commission.

    Cresciente Global Equity Fund lists its address as a home in Raleigh’s Brier Creek community. The fund attracted four investors – putting in a minimum of $500,000 each – according to the securities filing. The first sale happened Jan. 1.

    Geoffrey Keegan, manager of new investment outlet Creciente Partners Investment Management,…

  • Data breach confirmed by parking service that shuttles to RDU

    Two airport parking services have confirmed data breaches this week, including one that shuttles travelers to Raleigh-Durham International Airport.

    Kentucky-based OneStopParking provides airport parking at hotels near the airport – such as the DoubleTree Hilton and the Microtel Inn and Suites – and shuttles you to and from the airport. It operates at various locations, including Raleigh.

    Atlanta-based Park ‘N Fly, while not operating at RDU, does operate out of Charlotte.

    Both have confirmed…

  • This Triangle drug research group raised $50M and will look to up its M&A activity

    Morrisville-based Clinipace Worldwide raised $50 million from investors – and the pharmaceutical research company plans to put that money to work through more acquisitions.

    It’s a strategy Clinipace and its CEO Jeff Williams have employed for the past few years to grow at almost breakneck pace. The company has a three-year growth rate of 348 percent and added more than 450 jobs since 2012.

    That said, Williams highlights organic growth as well. After all, Clinipace is now home to 700 global staff,…