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Raleigh Triangle Local and Business News

  • White House: US should have sent other officials to Paris

    India US KerryIn a rare public admission of error, the White House said Monday the U.S. should have sent a high-level official to an anti-terror march in Paris that was attended by more than 40 world leaders.

  • Governor, Raleigh mayor sign Dix agreement

    Dorothea DixGov. Pat McCrory’s administration and Raleigh officials have reached a deal to sell the 308-acre Dorothea Dix property to the city, which hopes it will become a “destination park” for the region.

  • Durham's Chimerix gets 'important' 20-year patent protection

    Durham drug developer Chimerix (Nasdaq: CMRX) will enjoy patent protection on its drugs through 2034.

    The U.S. Patent and Trademark Office allowed Chimerix a patent covering a method of synthesis and the commercial morphic form of brincidofovir, the drug developer’s lead product. With the addition of this most recent patent, composition of matter coverage for brincidofovir in the U.S. is expected to extend to October 2034.

    In tests, brincidofovir has shown antiviral activity against all five families…

  • Cree bulks up with $500M credit line; looking for new deals?

    Durham LED giant Cree (Nasdaq: CREE) just entered into a $500 million revolving line of credit with Wells Fargo Bank (NYSE: WFC), meaning capital in the coffers for future acquisitions.

    Already, proceeds of the initial loans were used to repay amounts outstanding under Cree’s previous credit agreement with Wells Fargo, with the caveat that additional loans could be used for working capital or future acquisitions, according to a securities filing.

    As of Sept. 28, Cree had $150 million in an unsecured…

  • AutoTrader.com names '10 Most-Anticipated New Vehicles of 2015’

    Atlanta-based AutoTrader.com says 2015 is shaping up to be another strong sales year for the automotive industry. As manufactures unveil new vehicles to lure shoppers to their showrooms, AutoTrader.com’s editorial team has identified the 10 vehicles they most look forward to seeing on dealer lots in the coming year.

    Photos: 10 Most Anticipated New Cars of 2015

    “Our list includes a cross section of vehicles we think are likely to be some of the most sought after cars and trucks this year,” AutoTrader.com…