Business

Duke CEO: Charlotte needs to diversify

Jim Rogers moved to Charlotte in 2006 when he became CEO of Duke Energy. Since then, he has watched his role in Charlotte's civic scene increase as the city's other anchor, banking, has stumbled.
Modified: 11/15/09 08:50:26 PM

Technology job market shows improvement

The market for information technology jobs improved for the third consecutive month in October, according to a new report released today.
Modified: 11/16/09 02:52:29 PM

Twitter to scrap its 'suggested user' list

Social-media site Twitter plans to scrap its hand-picked list of "suggested users" to follow after controversy erupted over the selection of people on the list, a company executive said Monday.
Modified: 11/16/09 11:03:42 AM

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Durham drug company bought for $29 million

A small Durham company developing new drugs to treat ailments such as ADHD, hypertension and insomnia has been acquired by an Atlanta pharmaceuticals firm for $29 million.
Modified: 11/16/09 11:55:30 AM

GM reports $1.2B quarterly loss, says it shows progress

General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
Modified: 11/16/09 08:22:21 AM

Buyers get win from condos' loss

Before Sunday's auction of 36 new inside-the-Beltline condominiums got started, the 250 participants were given a bit of advice: Don't hurt yourself.
Modified: 11/16/09 04:32:31 AM

GlaxoSmithKline, Nabi to develop smoking vaccine

GlaxoSmithKline PLC and Nabi Biopharmaceuticals said Monday they will work together to develop vaccines to help smokers give up the habit, in a deal that could be worth more than $500 million.
Modified: 11/16/09 08:17:56 AM

Cisco raises bid for Tandberg to $3.4 billion

Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA, the world's largest provider of videoconferencing equipment for business users, after only a fraction of Tandberg shareholders agreed to Cisco's initial offer.
Modified: 11/16/09 12:32:20 PM

Career moves

William Bystrynski has been named a partner at Kirby & Holt in Raleigh. He handles catastrophic injury cases involving automotive negligence, medical malpractice and product liability for the firm.
Modified: 11/16/09 04:31:20 AM

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Mary Cornatzer, business editor
(919) 829-4755

Alan Wolf, assistant business editor
(919) 829-4572

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Greczyn: Start a business yourself

Robert Greczyn Jr., outgoing CEO for the state's largest health insurer, confesses that he doesn't read the obligatory books about leadership or management.
Modified: 11/15/09 08:12:51 AM

Medicine examines electronic records

The push for health care reform is spurring discussion about the industry adopting electronic medical records. Advocates point to the cost savings and efficiency that will occur when the medical industry is brought into the digital age.
Modified: 11/15/09 08:22:53 AM

Outlaw penalty for canceling credit card

Letter: I read your column about the time the credit card companies were given to adjust to the legislative changes but instead used it to drive up interest rates ("Banks had time to make changes," Cents and Sensibility, Nov. 8).
Modified: 11/15/09 08:23:45 AM

Wily job seeker sells himself

Rick Baran is introducing himself to local employers with an unorthodox calling card: An ad in The News & Observer that proclaims: "HIRE ME!"
Modified: 11/14/09 09:04:01 AM

Duke to move wellness center

Duke Raleigh Hospital plans to move its cramped wellness and fitness center to a much larger facility in an upscale retirement community in the nearby North Hills development.
Modified: 11/13/09 10:59:53 PM

Gem company to buy back stock

Charles & Colvard, whose stock faces delisting unless it gets above $1 by Dec. 2, announced plans Friday to buy back up to 1 million shares.
Modified: 11/13/09 10:59:51 PM

Xerium continues to shed jobs

Xerium Technologies of Youngsville is continuing to cut costs by eliminating jobs as it negotiates with its lenders to avoid defaulting on its debt.
Modified: 11/14/09 08:57:40 AM

Where are the pro-business legislators?

A recent ranking of the most business-friendly state legislators gave noticeably higher marks to Charlotte-area lawmakers than to those from the Triangle.
Modified: 11/13/09 06:04:51 AM

Job creation bedevils Obama

Economists think jobless claims will probably stay too high to indicate even a slight gain in jobs until early 2010.
Modified: 11/13/09 05:16:55 AM

Hot dogs Chicago style

Retailing: In downtown Raleigh, there's an unusual opening that will be of particular interest to Windy City transplants.
Modified: 11/12/09 10:57:44 PM

Zelnak to pass torch at Martin Marietta

When Stephen P. Zelnak Jr. graduated from Georgia Tech, he set a goal to one day lead a billion-dollar company.
Modified: 11/13/09 06:41:21 AM

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