Choose color scheme

Raleigh Triangle Local and Business News

  • Pomp fills first day of legislative session

    ncga opensDespite icy weather that temporarily delayed the opening of the 2015 legislative session, members of the North Carolina General Assembly took their oaths of office on Wednesday and elected their leaders.

  • New edition of Charlie Hebdo sells out, comic detained

    APTOPIX France Attacks Charlie HebdoFrance ordered prosecutors around the country to crack down on hate speech, anti-Semitism and those glorifying terrorism and announced Wednesday it was sending an aircraft carrier to the Middle East to work more closely with the U.S.-led coalition fighting Islamic State militants.

  • Legislators meet in Raleigh, real work starts Jan. 28

    They came, they raised their hands.

    Then they left for two weeks.

    The North Carolina General Assembly went into its first session of 2015 at 9 a.m., with the Senate following at 11. Wednesday was about housekeeping – formally electing leaders. No surprises there, with Rep. Tim Moore (R-Cleveland) named House Speaker, replacing Thom Tillis who just won a U.S. Senate seat.

    Rep. Paul Stam (R-Wake) is now speaker pro tem for the General Assembly and Sen. Phil Berger (R-Rockingham) was elected president…

  • Durham drug company raises $37M for migraine treatment

    Durham’s CoLucid Pharmaceuticals raised $37 million to continue development of a drug for migraines and headache pain.

    It’s an important area of need. Some 36 million people suffer from migraines – or more than those who have asthma or diabetes combined. Migraine is ranked as the seventh highest cause of global disability and is one of the top 10 causes of disability in 14 of 21 world regions studied, according to findings by the Global Burden of Disease Survey 2010 conducted by the World Health…

  • Nomacorc founder, new partner buy back majority stake in synthetic cork business

    Nomacorc founder Marc Noel has found a new equity partner to buy back majority ownership in his Zebulon synthetic wine cork company, and the new partners are hinting that growth through acquisitions could be in the works.

    Bespoke Capital Partners, a New York private equity fund, announced recently that it has partnered with Noel to buy out Summit Partners, the private equity firm that acquired a majority stake in Nomacorc in 2007, in an effort to recapitalize the business.

    Terms of the deal were…