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Raleigh Triangle Local and Business News

  • Cree's biggest competitor, Philips, spins out a new all-LED company

    Cree’s biggest competitor, Philips Electronics, is spinning its LED components operation into a separate company.

    And the internet is buzzing with how the move might impact the Durham-based LED maker.

    Philips is looking for outside investors for its Lumileds Lighting unit, which it plans to combine with its automotive-lighting business in an entirely new company that could face off against Cree. Sales of both of Philips’ to-be-combined lighting businesses, according to the Wall Street Journal,…

  • UNC Prof: The snowball effect of lying in the workplace

    Small ethical transgressions, if left unchecked, are part of a slippery slope that leads to larger future transgressions, according to a recent study.

    The study, published in the Journal of Applied Psychology, is based on how corporate scandals might be a result of unethical behavior unfolding over time. Authors include Michael Christian of UNC-Chapel Hill’s Kenan-Flagler Business School, David Welsh of the University of Washington, Lisa Ordonez of the University of Arizona and Deirdre Snyder of…

  • NCAA to take another look at UNC 'academic irregularities'

    The NCAA will re-open its examination into “academic irregularities” at UNC Chapel Hill, university Athletic Director Bubba Cunningham said Monday.

    “The NCAA has determined that additional people with information and others who were previously uncooperative might now be willing to speak with the enforcement staff,” according to Cunningham.

    Since 2011, UNC has conducted and commissioned several reviews and provided the NCAA with updates. In February, the university retained former federal…

  • Days after Supreme Court ruling, Aereo suspends service

    Three days after the U.S. Supreme Court ruled TV-over-the-web service Aereo was illegally streaming content from broadcasters, the company told its subscribers that it was “pausing” its service Saturday.

    An Aereo spokeswoman said the latest move, which was scheduled to happen at at 11:30 a.m. Saturday, did not mean the company was closing its doors and that “our journey is far from done.”

    “We want to emphasize that this is a pause, and that the company is not shutting down,” according to an Aereo…

  • Harris Teeter, others open for business at Cary’s new Parkside Town Commons

    Three more major retailers have joined Target at the new Parkside Town Commons shopping center in west Cary and are now open for business.

    The Harris Teeter grocery store, Massage Envy spa, Sleepy’s mattress store and Jersey Mike’s sandwich shop have all opened, according to the shopping center’s owner and developer, Kite Realty Group (NYSE: KRG) of Indianapolis, Ind.

    The Target (NYSE: TGT) store at 7129 O’Kelly Chapel Road opened at Parkside in March.

    Parkside Town Commons is slated to…