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Raleigh Triangle Local and Business News

  • Former UNC football player to testify at US Senate hearing

    North Carolina vs. Florida State 10/22/09Former University of North Carolina at Chapel Hill football player Devon Ramsay will be one of six people to testify Wednesday afternoon during a U.S. Senate committee hearing on whether the NCAA is fulfilling its mission.

  • Senate walkout, anger mark budget meeting

    State budgetA day of scheduled budget negotiations got off to a rocky start Wednesday morning after House leaders insisted on hearing from outside experts on education spending.

  • Additional claims of inappropriate touching from 70s surface at Carolina Friends School

    Carolina Friends SchoolThe principal of Carolina Friends School in Durham says the school has received additional reports of abuse from students who say they were inappropriately touched by an administrator in the 1970s.

  • First Bank aims to gain trust by serving as publishing house

    While many banks claim to educate the public on finances, First Bank is taking a different approach by acting as a publishing house.

    Hunter Young, senior vice president of marketing and digital banking, says he believes delivering an audience-targeted publication will increase customers’ trust in the bank, which could increase bank deposits.

    First Bank is headquartered in Troy. Young says banks purchase educational materials and claim to be educators, but First Bank’s approach is “adding value…

  • The Salix deal boils down to tax savings and drug rights

    The merger of Raleigh’s Salix Pharmaceuticals with a subsidiary of Cosmo Pharmaceuticals largely boils down to two points: Tax savings and a deal involving a dug called Uceris.

    On a conference call with analysts after Salix announced it would merge with Cosmo Technologies and move headquarters to Ireland, Salix CEO Carolyn Logan said that the move would effectively lower its long-term tax rate from the high 30-percent range to the low 20-percent range, and “will enable us to obtain lower tax…