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Raleigh Triangle Local and Business News

  • NeoNova CEO on jobs, growth and Aereo

    Life is good for NeoNova Network Services CEO Ray Carey.

    His Raleigh-based cloud-based technology firm is growing – currenty at 89 employees. Compare that to 67 this time last year.

    And Thursday, he took a break from cheering on Team USA to chat jobs, growth and how the Supreme Court’s Aereo ruling wrecked his plans for cheaper prices.

    On growth:

    “We have a really good service set and we’ve built some really good momentum,” he says. It’s so much momentum that he’s planning to expand…

  • Raleigh printing company teams up with Virginia printer to expand footprint

    A Raleigh digital print company has formed a partnership with a similar company in Virginia to expand territory and capabilities.

    Telepathic Graphic of Raleigh, which has 33 employees, handles on-demand printing, digital printing and other services such as direct mail services and event signage. The company, founded in 2004, has nearly $5 million in revenue.

    Telepathic Graphic has formed a partnership with Mid Atlantic Printers of Altavista, Virginia. The company has 52 employees and was founded…

  • Uber spreads the ride-share love to Durham, Chapel Hill

    Silicon Valley-based ride-share service Uber is expanding in North Carolina. Specifically the service, which is already available in Raleigh, expands to six cities, including Durham and Chapel Hill.

    The concept is pretty simple – it’s an app that connects you to an Uber driver who can take you from point A to point B.

    And the company says it’s a cheaper option than a taxicab.

    It’s not, however, the only option, as another Silicon Valley player, Lyft, entered the market earlier this year.


  • Raleigh Police to expand, relocate substation in northern Raleigh

    The Raleigh Police Department could soon be moving out of the Litchford Village shopping center and moving its Northeast District Station to a bigger location on Capital Boulevard.

    In a town council committee report, it was noted that the police department’s Northeast District currently serves about 100,000 people and is expected to grow by 33 percent by 2030.

    So, to accommodate that growth and to move the district station closer to its constituency, the city is negotiating a lease contract with…

  • Bank of America to lay off 540 mortgage workers in Charlotte

    Bank of America Corp. (NYSE:BAC) issued layoff notices to 540 employees in its Gateway Village mortgage unit on Wednesday.

    The jobs being cut, all located uptown, are related to the bank’s business unit serving customers with past-due mortgages, known as Legacy Asset Servicing, that are eligible for a modification or foreclosure.

    “It’s a really difficult message because the fact that we’ve cut the need for that support thanks to these efforts and an improving economy is a good sign for our company…