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Raleigh Triangle Local and Business News

  • 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…

  • John Kane proposes big tower project at Dillon Supply site in downtown Raleigh

    Raleigh developer John Kane and the owners of the Dillon Supply Co. in downtown Raleigh have filed the first Raleigh rezoning application for 2015, and it’s a big project that’s likely to attract a lot of attention throughout the year.

    Kane has confirmed that his company, Kane Realty Corp., is working on plans to build a large-scale, mixed use development project in downtown Raleigh’s burgeoning Warehouse District.

    The development would be on the 2.5-acre site that Dillon Supply, a 100-year-old…

  • In North Carolina, 434,503 choose Obamacare plan

    In North Carolina, 434,503 individuals have chosen an Affordable Care Act plan, the private insurance plans available on the Marketplace.

    The Obama Administration announced state-by-state figures on the eve of the second Open Enrollment deadline. For anyone seeking coverage to begin Feb. 1, the deadline is Thursday. Individuals can still meet the third deadline of Feb. 15 for coverage beginning March 1.

    The figures released Wednesday mean 184,719 North Carolinians signed up in the…

  • Buckeye Bash: Ohio State claims title in playoff's debut

    Playoff Championship Ohio St Oregon FootballOhio State was done when Braxton Miller got hurt in August.

  • UCLA exec to head Duke Health System

    Duke Health CEO Eugene WashingtonThe chief of the UCLA Health System in Los Angeles was named Tuesday as chancellor of health affairs at Duke University and chief executive of the Duke University Health System.