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Raleigh Triangle Local and Business News

  • Raleigh's Dara Bio shuffles up C-suite

    One day following news that sent it’s share price up nearly 15 percent, Dara BioSciences shuffled up the executive suites by hiring a new CEO and bumping the former CEO to executive chairman.

    The new chief executive, Christopher G. Clement, 59, was the former chief operating officer and he takes over the new position immediately. The former CEO, Dr. David Drutz, 76, also worked as the chief medical officer and will keep that title in addition to his new role as executive chairman.

    On Monday,…

  • StrikeIron is acquired by Informatica, execs mum on details

    Details are scarce, but StrikeIron, a Cary-based data-as-a-service firm, has been acquired by data integration company Informatica.

    StrikeIron, helmed by CEO Sean O’Leary and founded in 2003 by entrepreneurs Richard Holcomb, Bob Brauer and Robert Dale, counts the likes if IBM (NYSE: IBM) and Qualcomm on its customer list.

    The firm provides the kind of technology that allows pizza delivery firms to remember your address when you place an online order and Time Warner Cable to send you a message when…

  • Tesla promises Model X crossover by early 2015

    Tesla’s delayed Model X crossover will become available for sales in early 2015, the company confirmed Monday.

    While that’s roughly in line with previous statements made by Tesla Motors Inc. about the timeline of the vehicle, recent complications related to the gullwing rear doors (which open upward, DeLorean-like style) have caused development delays and may have made investors and Model X reservation holders jittery.

    Prototypes are expected to roll off the assembly line in the fourth quarter…

  • How Proctor & Gamble plans to wirelessly charge your phone while you sip Starbucks

    Thousands of Starbucks stores could soon draw folks who need more than just a cup of liquid energy. Procter & Gamble Co. plans to expand a pilot program that will allow customers of the nation’s largest coffee chain to wirelessly recharge their mobile phones.

    If the national roll-out of P&G’s Duracell Powermat wireless battery chargers proves successful at Starbucks, other types of locations might jump on board. Think of any place where users of smartphones scramble to secure an electrical outlet…

  • LinkedIn to face lawsuit over repeated invitation emails

    LinkedIn Corp. (LNKD) will face a lawsuit from members suing it for allegedly violating their privacy by tapping into their external email accounts and downloading their contacts’ addresses to recruit more users.

    U.S. District Judge Lucy Koh ruled that the class-action lawsuit may proceed, which means members who sued can seek damages for money the professional-networking website made using their email address book information for marketing purposes on multiple occasions, Bloomberg reported.

    Koh…