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Raleigh Triangle Local and Business News

  • Citrix announces 900 layoffs: Raleigh impact unclear

    Citrix (Nasdaq: CTXS), which recently debuted its new downtown Raleigh campus, is axing 700 full-time positions, and about 200 contractor positions will also be impacted. The plan is an attempt to save $90 million to $100 million per year.

    It’s unclear how the Raleigh headcount, which has about 600 employees, will be affected.

    The news was disclosed via securities filing late Wednesday after Citrix reported $851 million in revenue for its fiscal fourth quarter; $3.14 billion revenue for the year.…

  • Demolition to begin on defunct Fayetteville nightclub

    Palomino Night ClubThe city authorized demolition of the former Palomino last year, but action was delayed to give another tenant in the same strip mall time to relocate.

  • Crowd of 1,800 expected at NAI Carolantic Realty conference at PNC Arena

    Every year for the past 30 years, business, government and community leaders from across the state have gathered in Raleigh for an invitation-only event put on by the NAI Carolantic Realty commercial real estate brokerage firm.

    The event eventually grew so large that the only venue in Raleigh that could hold it was PNC Arena, home to NHL team the Carolina Hurricanes and N.C. State University’s men’s basketball team.

    For this year’s event, organizers at Carolantic are expecting a record 1,800 people…

  • Family Dollar board to shareholders: Vote for $8.5B Dollar Tree deal

    Family Dollar Stores Inc.’s (NYSE:FDO) board continues to support the company’s proposed $8.5 billion merger with Dollar Tree Inc. (NASDAQ:DLTR), according to a U.S. Securities and Exchange Commission filing Tuesday.

    The Matthews-based discount retailer’s board met Monday to consider an update from Dollar General Corp. (NYSE:DG) related to its hostile takeover bid.

    Read: Source: Dollar General waving the white flag in battle for Family Dollar

    Family Dollar’s board unanimously reaffirmed its recommendation…

  • Report: Salix hires Centerview Partners to explore sale

    You know what they mean when they say: Where there is smoke, there is fire.

    Well, for months, speculation about the fate of Raleigh’s largest home-grown drug company, Salix Pharmaceuticals (Nasdaq: SLXP), has revolved around whether the company would be able to stay independent, especially since the multibillion-dollar drug company does not have a CEO. Earlier this month, longtime Salix CEO Carolyn Logan stepped down. Company Chairman Thomas D’Alonzo has assumed the CEO role on an interim basis.