.Biz blog

  • Quintiles signs major deal with Biogen Idec

    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.

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  • McClatchy shares fall nearly 6 percent after earnings report

    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.

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  • MacGregor Downs sold for $3.4 million

    Posted by David Ranii on April 23, 2014

    MacGregor Downs Country Club in Cary has been acquired for $3.4 million by a golf-club company that plans to invest millions more in the property.

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  • VantageSouth earns $1.7 million in 1st quarter

    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.

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  • Wake building permits down 4 percent in March

    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.

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  • Concord sells portfolio of 13 hotels for $240 million

    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.

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