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Raleigh Triangle Local and Business News

  • 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…

  • Goodnight, Urquhart call for immigration reform

    Immigration reform can’t wait, says Jim Goodnight, CEO of Cary-based analytics giant SAS.

    Goodnight, along with Richard Urquhart, COO of Investors Management Company; Peter Daniels, Vice President of North Carolina Farm Bureau; and others, weren’t shy about expressing their opinions Wednesday on the immigration stalemate in Washington, D.C.

    The forum was a Greater Raleigh Chamber of Commerce-sponsored press panel to “to highlight the continued and immediate need for reform for our broken immigration…

  • New plans for Marriott hotel at Centennial Campus will be bigger – and better

    Details for the Marriott-branded hotel and conference center, now formally announced for N.C. State University’s Centennial Campus, show that the hotel will be bigger and better than what the private developers were envisioning even just a year ago.

    The plans are so new, in fact, they don’t even have architectural renderings, yet.

    “We’re just now starting the redesign,” says Mike Haller, senior vice president of Concord Eastridge, the Washington, D.C., firm chosen in 2008 to develop the…

  • Q&A: Teague Campbell law firm of Raleigh on rapid growth

    Teague Campbell Dennis & Gorham, LLP of Raleigh – one of the Triangle’s largest and oldest law firms – is expanding. It has increased its headcount and square-footage in the past few months.

    The firm practices civil litigation, employment law, administrative law and worker’s compensation law. It was established in 1946 and was listed as the 10th largest Triangle law firm by number of attorneys in the Triangle Business Journal’s recent Book of Lists.

    According to Derek B. Maine, the company’s…