Posts filtered by tags: Research Triangle Park[x]


 

North Carolina To Kick $845.8M of Apple Employees' State Taxes Back To Apple (slashdot)

Long-time Slashdot reader theodp writes: The announcement Monday that Apple Inc. would locate its new high-tech campus in Research Triangle Park," reports The News&Observer's Tyler Dukes, "was heralded as a coup for the state, which has pursued the company and the promise of its high-paying jobs for at least three years. But that victory comes at a cost. State and local incentives for the deal could be worth nearly $1 billion to the company over the next four decades. That award, by far the la...
Tags: Apple, News, Apple Inc, Slashdot, Research Triangle Park, EditorDavid, Tyler Dukes, state s Economic Investment Committee


North Carolina To Kick $845.8M of Apple Employees' State Taxes Back To Apple

Long-time Slashdot reader theodp writes: The announcement Monday that Apple Inc. would locate its new high-tech campus in Research Triangle Park," reports The News&Observer's Tyler Dukes, "was heralded as a coup for the state, which has pursued the company and the promise of its high-paying jobs for at least three years. But that victory comes at a cost. State and local incentives for the deal could be worth nearly $1 billion to the company over the next four decades. That award, by far the la...
Tags: Apple, Tech, Apple Inc, Slashdot, Research Triangle Park, Tyler Dukes, state s Economic Investment Committee


Apple to build East Coast campus in North Carolina with at least 3,000 new jobs

Apple will invest $1 billion in North Carolina and the campus, in the Raleigh-Durham area’s Research Triangle Park, is expected to bring at least 3,000 new jobs to the state.
Tags: Apple, North Carolina, East Coast, Raleigh Durham, Research Triangle Park


Planting seed investments on tech’s frontiers nets KdT Ventures $50 million for its latest fund

Like other venture investors over the past year, Cain McClary, co-founder of the investment firm KdT Ventures, recently made the jump to Austin. But unlike the rest of them, he was coming from Black Mountain, NC. McClary had spent the better part of the last three years with his co-founder Mack Healy building out a portfolio that would be the envy of almost any investor looking at financing startups whose businesses depend on innovations at the borders of current technological achievement. Since...
Tags: TC, Facebook, Texas, Money, California, Entrepreneurship, Finance, Stanford, San Francisco, Tech, Economy, Austin, Tennessee, Venture Capital, Private Equity, Airbnb


Biotalys NV establishes U.S. headquarters to strengthen North American presence

In Belgium, Biotalys NV, a food and crop protection company, expanded its executive team and established its new U.S. headquarters for Biotalys, Inc., to be located in Research Triangle Park, North Carolina . Appointing Diego Angelo to the newly created role of Chief Business Officer (CBO) and Head of the U.S. subsidiary, Biotalys Inc., Biotalys is preparing for the commercial launch of its lead biofungicide BioFun-1 – the first from its breakthrough platform of biocontrol solutions for safe and...
Tags: Belgium, North Carolina, Producer News, U S, CBO, Angelo, Research Triangle Park, Research Triangle Park North Carolina, Biofungicide, Biotalys, Biotalys NV, Diego Angelo, Biotalys Inc, Patrice Sellès, United States Angelo


IDT opens new manufacturing facility to expand capacity of COVID-19 products

Integrated DNA Technologies, a leading comprehensive genomics solutions provider, announced the opening of its new manufacturing facility located in the Research Triangle Park in North Carolina.
Tags: Health, Research Triangle Park, IDT


Lenovo channels the spirit of IBM: Lays off 500 staff, savages Data Centre Group

Those stellar financial results last week. Yes ignore them Lenovo is eliminating 500 staff worldwide, including some in its US headquarters at Research Triangle Park in Morrisville, North Carolina.…
Tags: US, Software, Ibm, Lenovo, Research Triangle Park, Morrisville North Carolina


It turns out Apple could build its new campus in North Carolina

The Washington Post reported just yesterday that Apple was talking with Virginia officials for a new campus in Northern Virginia. But WRAL is now reporting that Apple is about to announce a new campus in North Carolina. According to WRAL’s sources, it’s “a done deal.” The company and legislators plan to talk about a tax break to seal the deal. If North Carolina agrees to reduce the taxes, Apple could create a new campus in the Research Triangle Park. Multiple tech companies already have offic...
Tags: Apple, Washington Post, Virginia, Tech, Cisco, Policy, Tim Cook, Cupertino, North Carolina, University Of North Carolina, Northern Virginia, Duke University, WRAL, Research Triangle Park, Duke University NC State University, Research Triangle Park Multiple


5 global tech hubs you can reach easily from Silicon Valley

For a little over half a century, Silicon Valley has been the undisputed center of the technology universe, birthplace of the silicon transistor, the graphical user interface, social-media giants, and so much more. And though the Bay Area remains the premier destination for startups and venture capital, a new crop of global tech hubs is quickly gaining ground. Each week entrepreneurs and innovators travel between San Francisco and New York, Hong Kong, Tel Aviv and dozens of other destinations i...
Tags: Asia, Hong Kong, New York, Colorado, China, New York City, Israel, Disney, US, Tel Aviv, San Francisco, Trends, United States, Starwood, Manhattan, Ibm


InsurTech Startups Wanted for the MetLife Digital Accelerator powered by Techstars in North Carolina

Techstars and MetLife have signed a partnership agreement to run a mentorship-driven accelerator in Cary, North Carolina, to help InsurTech founders do more faster. The MetLife Digital Accelerator powered by Techstars, will run in Q3 2018 with applications opening on January 8th, 2018. I’m excited to announce that I will be the managing director of the program. The MetLife Digital Accelerator powered by Techstars, will focus on innovating in the insurance industry – an industry of massive si...
Tags: Startups, NYC, Boston, America, Silicon Valley, Announcements, North Carolina, TechStars, Accelerators, Techstars Ventures, Forbes, University Of North Carolina, Raleigh, MetLife, Cary, Cary North Carolina


48 Hour Itinerary – Best Things to Do in Durham, NC with Kids (or without)

The city of Durham, NC, once a neglected town in the North Carolina Triangle is undergoing a transformation to rival that of Cinderella on the night of the ball. When we lived in Raleigh back in 2004, Durham was a city we barely set foot in. 13 years later, it’s a city we can’t get our feet out of. The bull statue in downtown Durham It’s a city known for sports, think Duke University and Durham Bulls, but now, out of the once abandoned streets, rise funky hotels, hip lounges, craft breweries...
Tags: Travel, Usa, Hollywood, Mexico, US, America, Harvard, United States, Maine, Broadway, Silicon Valley, Catholic, Cinderella, Sports Illustrated, Madagascar, North America


RTP angel group to raise second entrepreneurship fund

The Research Triangle Park arm of the Inception Micro Angel Fund is raising a second tranche of cash, fund executives said Thursday. Dubbed IMAF-RTP 2, LLC, the new fund will be targeted toward “pre-launch” companies, providing seed financing to innovators in the Research Triangle area. Bill Warner, fund executive, says in an interview that the group plans to raise $2.5 million and deploy it to about 15 companies “over a few years.” IMAF-RTP’s first fund, at about $1.25 million, he says,… ...
Tags: Research Triangle, Research Triangle Park, Bill Warner, Inception Micro Angel Fund


Flu therapy from RTP's BioCryst could be available for kids next season

Research Triangle Park-based BioCryst Pharmaceuticals (Nasdaq: BCRX) announced that the U.S. Food and Drug Administration has accepted for review a supplemental new drug application (sNDA) for its injectable flu therapy. The application is for a pediatric indication of the therapy, according to BioCryst, which stated it submitted its sNDA for RAPIVAB (peramivir injection) back in March. If approved by the FDA, the new indication of the therapy could be ready for use soon after a decision date ...
Tags: Fda, U S Food and Drug Administration, Research Triangle Park, BioCryst, BCRX, BioCryst Pharmaceuticals NASDAQ


Billionaire buyer of Glaxo’s Research Triangle campus plans new innovation center

New details surrounding the previously announced sale and partial leaseback of GlaxoSmithKline’s (NYSE: GSK) sprawling research and administration campus in Research Triangle Park are beginning to shed light on the new owner’s plans to turn the campus into the Triangle’s next center for innovation. Real estate records filed June 1 show that the new owner of the campus, Parmer RTP LLC, paid $110 million for the assemblage, which includes all of the 20 research, office and laboratory buildings… ...
Tags: GlaxoSmithKline, GSK, Research Triangle, Research Triangle Park, Triangle, Glaxo, Parmer RTP LLC


Analyst skeptical on Lenovo CEO's 'three-wave' strategy

Profits continue to decline at Lenovo, one of Research Triangle Park’s largest employers.
Tags: Lenovo, Research Triangle Park


G1 closes IPO, raising $108M

Research Triangle Park-based G1 Therapeutics (Nasdaq: GTHX) has closed its initial pubic offering, raising more than $108 million. “G1 Therapeutics received approximately $108.6 million in proceeds from the offering, net of underwriting discounts and commissions, but before estimated offering expenses,” the company announced Tuesday. The offering included close to 7.8 million shares of common stock priced at $15 per share, which the company said included just over 780,000 shares sold through… ...
Tags: Research Triangle Park, GTHX


G1 Therapeutics makes Nasdaq debut

Research Triangle Park-based G1 Therapeutics (Nasdaq: GTHX) made its Nasdaq debut Wednesday. The company priced its initial public offering of 7 million shares of common stock at $15.00 per share, equating to proceeds of $105 million. G1 previously said it would sell 6.25 million shares of common stock in its IPO at a price of between $15 and $17 per share. Shares of G1 showed little fluctuation Wednesday, ranging from a low of $13.35 to a high of $15.24, but closed flat at $15. G1’s IPO foll...
Tags: Research Triangle Park, GTHX


Cisco to slash 1,100 jobs, RTP impact unknown

Networking giant Cisco isn’t detailing how its latest restructuring plan – a move that means 1,100 layoffs companywide– might impact Research Triangle Park. “Cisco constantly reviews our business and our investments and we will always make the changes necessary to effectively manage our business and drive our long-term profitable growth," the company said in a statement. As of Wednesday evening, Cisco had not filed a notice with the N.C. Department of Commerce regarding local layoffs, which… ...
Tags: Cisco, Research Triangle Park, N C Department of Commerce


Credit Suisse adding 1,200 jobs in RTP

It’s official: Credit Suisse is expanding and adding 1,200 jobs in Research Triangle Park. Executives made the announcement Tuesday along with Gov. Roy Cooper at the company’s RTP facility, a technology hub that currently employs about 1,700. Cooper said the company will invest $70.5 million in a new building on its campus on Louis Stephens Drive in Morrisville. "They had anywhere in the world they could expand," he said. "They chose Research Triangle Park." The jobs are primarily in IT and… ...
Tags: Credit Suisse, Cooper, Research Triangle Park, Roy Cooper, RTP, Research Triangle Park Executives, Louis Stephens Drive, Morrisville They


It's official: Credit Suisse adding 1,200 jobs in N.C.

It’s official: Credit Suisse is expanding and adding 1,200 jobs in Research Triangle Park. Executives made the announcement Tuesday along with Gov. Roy Cooper at the company’s RTP facility, a technology hub that currently employs about 1,700. Cooper said the company will invest $70.5 million in a new building on its campus on Louis Stephens Drive in Morrisville. "They had anywhere in the world they could expand," he said. "They chose Research Triangle Park." The state is approving Credit Suis...
Tags: Credit Suisse, Cooper, Research Triangle Park, Roy Cooper, RTP, Research Triangle Park Executives, Louis Stephens Drive, Morrisville They


Cooper readies for big Credit Suisse jobs announcement in N.C.

Gov. Roy Cooper’s calendar shows he will be at the Research Triangle Park campus of global financial services firm Credit Suisse Group AG (NYSE: CS) on Tuesday for an “economic development announcement.” Details of the proposed project and any state incentives offered to the company haven’t yet been disclosed, but sources around the Triangle have said that Credit Suisse has been evaluating a plan to move between 1,000 to 1,500 high-paying jobs among its operations in the Americas to RTP. Credi...
Tags: Americas, CS, Credit Suisse, Cooper, Research Triangle Park, Roy Cooper, Credit Suisse Group AG NYSE


Cooper readies for big Credit Suisse jobs announcement in RTP

Gov. Roy Cooper’s calendar shows he will be at the Research Triangle Park campus of global financial services firm Credit Suisse Group AG (NYSE: CS) on Tuesday for an “economic development announcement.” Details of the proposed project and any state incentives offered to the company haven’t yet been disclosed, but sources around the Triangle have said that Credit Suisse has been evaluating a plan to move between 1,000 to 1,500 high-paying jobs among its operations in the Americas to RTP. Credi...
Tags: Americas, CS, Credit Suisse, Cooper, Research Triangle Park, Roy Cooper, Credit Suisse Group AG NYSE


TransEnterix stock gets hammered after hours on news of public offering

Shares of Research Triangle Park-based TransEnterix (NYSE MKT: TRXC) sank about 12 percent – falling below $1.00 – in after-hours trading Thursday on news of a proposed public offering of the company’s common stock and warrants. TransEnterix announced the proposed offering Thursday afternoon, stating that units will consist of “one share of the company's common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase 0.75 shares of common stock.” T...
Tags: Research Triangle Park, TransEnterix


Ranked: The top 30 high schools in North Carolina (LIST)

When it comes to high school rankings, North Carolina sits in the bottom half of the country. U.S. News & World Report has released its 2017 Best High School Rankings, with help from Research Triangle Park-based RTI International. The report looked at multiple factors, including state proficiency tests, graduation rates and college readiness. It assigned the top 500 schools gold medals, and awarded silver medals to high-performing schools that had lower college readiness. Rankings were determin...
Tags: North Carolina, Research Triangle Park, RTI


Ranked: The top 30 high schools in North Carolina (Slideshow)

When it comes to high school rankings, North Carolina sits in the bottom half of the country. U.S. News & World Report has released its 2017 Best High School Rankings, with help from Research Triangle Park-based RTI International. The report looked at multiple factors, including state proficiency tests, graduation rates and college readiness. It assigned the top 500 schools gold medals, and awarded silver medals to high-performing schools that had lower college readiness. Rankings were determin...
Tags: North Carolina, Research Triangle Park, RTI, North Carolina Slideshow


IBM stock dips on more year-over-year revenue declines

Amid revenue declines, IBM stock dipped more than 4.5 percent following its first quarter earnings report Tuesday. The company, thought to be Research Triangle Park’s largest employer, reported another quarter of year-over-year revenue declines. “From my perspective, the quarter played out pretty much as we expected,” Chief Financial Officer Martin Schroeter told analysts on the earnings call Tuesday. He added that, while some deals didn’t come through as predicted, there were no major… ...
Tags: Ibm, Research Triangle Park, Martin Schroeter


IBM stock dips on more year-over-year revenue declines

Amid revenue declines, IBM stock dipped more than 4.5 percent following its first quarter earnings report Tuesday. The company, thought to be Research Triangle Park’s largest employer, reported another quarter of year-over-year revenue declines. “From my perspective, the quarter played out pretty much as we expected,” Chief Financial Officer Martin Schroeter told analysts on the earnings call Tuesday. He added that, while some deals didn’t come through as predicted, there were no major… ...
Tags: Ibm, Research Triangle Park, Martin Schroeter


Futuristic transportation project seeks RTP company for test program

Imagine a colorful car whizzing over a custom track in the Research Triangle Park skyline. The futuristic cab would consume less power than a Tesla – and further brand the Triangle as a place where innovation happens, proponents predict. A group of researchers at N.C. State University want to make it a reality – and they’re looking for a partner with the footprint and wallet to back the idea. Seth Hollar, an associate professor at NCSU and researcher on the project, says the second prototype… ...
Tags: Research Triangle Park, N C State University, NCSU, Seth Hollar


Monsanto CEO: Why consolidation is good for agtech

Bayer, which runs its North American crop science operation in Research Triangle Park, remains on track to close on its $66 billion buy of St. Louis-based Monsanto. That’s according to Monsanto CEO Hugh Grant. Hours after announcing his firm's second quarter earnings, he told an analyst that industry consolidation was a necessary part of the equation. His is not the only deal that could shake up RTP. Syngenta, which recently moved all its local employees into a new innovation center adjacent…...
Tags: Monsanto, St Louis, Bayer, Hugh Grant, Research Triangle Park, RTP Syngenta


BASF signs deal DNA editing tool that could expedite innovation in RTP

German agtech firm BASF, which runs its biosciences division from Research Triangle Park, has signed a major licensing agreement – one a top exec says will make the company more competitive. BASF has reached a global licensing agreement with the Broad Institute of MIT and Harvard for the use of a genome-editing technology, called CRISPR-Cas9. It will be deployed by BASF researchers developing next-generation agriculture products. And BASF’s RTP team will be leading the charge on behalf of the…...
Tags: Basf, Harvard, Broad Institute of MIT, Research Triangle Park