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Raleigh Triangle Local and Business News

  • Study: Duke Energy tops among world power companies for women in key posts

    A new study on women in the power and utility industry ranks Duke Energy Corp. (NYSE:DUK) first among the 100 largest power companies internationally for women in decision-making positions.

    The report — released by international consulting firm EY, formerly known as Ernst & Young — is titled “Talent on the table: index of women in power & utilities.” It is the first attempt by EY to evaluate the industry’s record in tapping women for important board, executive and management posts.

    Charlotte-based…

  • 'Upscale cocktail parlor' coming to Raleigh's Fayetteville Street

    A new venue that describes itself as an “upscale cocktail parlor” is coming to downtown Raleigh.

    Common 414 will be opening at 414 Fayetteville Street – although its Facebook page doesn’t indicate when.

    The bar will serve drinks from “easy sipping libations to serious cocktails” and have outdoor seating. Hours will be 4:30 p.m. to 2 a.m.

  • Pennsylvania firm buys Research Triangle Park warehouse for $12.5 million

    A Research Triangle Park-based industrial building, previously owned by the Silverman Group, has been sold for $12.5 million.

    Dubbed Research Tri-Center North V, it’s a multi-tenant warehouse space located at 3500 North Tri-Center Boulevard in Durham. The New Jersey firm sold the building to Pennsylvania firm Stoltz Real Estate Partners.

    The 203,000-square-foot building is 100 percent leased, with tenants that include West Logistics, Professional Mail Services, Silver Line Window Company and…

  • Chatham County’s banner week

    On her seventh anniversary as president of the Chatham Economic Development Corp., Dianne Reid was having an economic developer’s dream week.

    On Monday night, plans for the massive 7,120-acre Chatham Park received approval from the Pittsboro town board – a major initial hurdle cleared. And then Wednesday evening — seven years to the day since she started work at the EDC – Reid received word from the state that 1,818-acre Chatham-Randolph megasite had received official N.C. site certification.…

  • Docs can be influenced by drug reps promoting 'off-label' drug use

    Drug sales forces continue to promote off-label uses to doctors, effectively leading some physicians to prescribe medicines not based on medical evidence, but on a sales person’s push.

    Pharmaceutical companies are strictly prohibited from publicly marketing their drugs for any uses other than exactly what is on their label, the uses that the U.S. Food and Drug Administration has allowed. Of course, many drugs can be used as treatment for diseases other than what is listed on the label, and physicians…