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Raleigh Triangle Local and Business News

  • Obama, Cameron pledge unified effort to fight terrorism

    Obama US BritianIn a show of trans-Atlantic unity, President Barack Obama and British Prime Minister David Cameron pledged a joint effort on Friday to fight domestic terrorism following deadly attacks in France. They also strongly urged the U.S. Congress to hold off on implementing new sanctions on Iran in the midst of nuclear talks.

  • UNC board pushing Ross out as system president

    UNC President Tom RossThe UNC Board of Governors is forcing President Tom Ross to step down as the leader of the 17-campus University of North Carolina system at the beginning of next year.

  • Triangle Restaurant News: Rye Bar and Southern Kitchen opens in downtown Raleigh

    Rye Bar & Southern KitchenThe new restaurant serves upscale Southern cuisine with some items made using local craft beer.

  • Penn St. gets wins restored, Paterno again winningest coach

    Penn State Abuse FootballPenn State’s football team is getting back 112 wins wiped out during the Jerry Sandusky child molestation scandal and the late Joe Paterno has been restored as the winningest coach in major college football history.

  • Salix's HQ building in Raleigh sells for $27 million

    The developer and owner of the five-story Colonnade II office building on Six Forks Road in north Raleigh that is fully occupied by Salix Pharmaceuticals (Nasdaq: SLXP) has been sold to a new investor for $27.45 million.

    The seller of the property was Cornerstone Real Estate Advisors of Connecticut, which had helped finance the construction of the 127,000-square-foot building in 2008. The buyer was a real estate fund represented by Allegiancy of Richmond, Va., according to county deed records.