Posted by David Bracken on April 24, 2014
Martin Marietta Materials continues to be in antitrust discussions with the Department of Justice over its planned acquisition of Texas Industries for $2.7 billion.
The Raleigh company announced Wednesday that it had received a second request in relation to its Hart-Scott-Rodino Antitrust Improvement Act Filing. The company said it is still hopeful that a resolution can be reached that will avoid either Martin Marietta or Texas Industries having to divest themselves of quarries serving the Dallas-Forth Worth area.
The two companies combined assets in that market made the deal particularly attractive.
Posted by David Ranii on April 24, 2014
Quintiles has inked a partnership with biotechnology company Biogen Idec that one analyst estimates could eventually mean more than $100 million in revenue for the Durham-based pharmaceutical services giant.
Posted by David Bracken on April 23, 2014
McClatchy, owner of The News & Observer and The Charlotte Observer, reported a wider net loss in the first quarter as declines in print advertising continued to weigh down the company’s earnings.
Posted by David Ranii on April 23, 2014
The corporate parent of VantageSouth Bank posted $1.7 million in net income in the first quarter, reversing a net loss of a year ago, as the company benefitted from improved business and its merger last year with East Carolina Bank.
Posted by David Bracken on April 22, 2014
New single-family building permits were down 4 percent in Wake County in March compared to the same period a year ago, according to data compiled by the Home Builders Association of Raleigh-Wake County.
Posted by David Bracken on April 21, 2014
Concord Hospitality Enterprises has sold 11 Marriott and two Hilton-brand hotels with a combined 1,650 rooms, though Concord will continue to manage the Renaissance Raleigh and Hyatt House Raleigh hotels at North Hills, the Courtyard Raleigh North at Triangle Town Center and the Raleigh Marriott Crabtree Valley.