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Raleigh Triangle Local and Business News

  • Cary construction company gets contract for Owens Corning plant in Gaston County

    Global Engineering and Construction Group of Cary will handle construction management, engineering and procurement duties for the $120 million Owens Corning composite tissue plant planned in Gaston County.

    Owen Corning (NYSE:OC) announced in October that it will build the 110-employee plant in Gastonia. Production is planned for 2015.

    Global Engineering is a subsidiary of Foster Wheeler AG (NASDAQ: FWLT) of Zug, Switzerland.

    Roberto Penno, CEO of Global Engineering, says landing the job shows…

  • N.C. universities that have the best return on investment

    College affordability has been a hot topic for years now, as legislators and chancellors tussle over how the split between college education should be divided among students and taxpayers.

    While that certainly won’t be resolved today – or possibly ever – Payscale takes a look at the 20-year return on investment from more than 1,300 colleges and universities throughout the nation, including nearly 30 here in North Carolina.

    Duke University ranks as the No. 1 school in terms of ROI. At a cost…

  • 'Reading Rainbow' Kickstarter flies 5.4 times as high

    LeVar Burton’s Kickstarter to bring “Reading Rainbow” into the 21st century closed yesterday with $5.4 million. The campaign launched at the end of May, reaching its initial goal of $1 million in a half day. In the 36 days since then, the fundraiser was supported by 105,857 backers—the most ever on the platform—and rose to the fifth-most-funded project in the company’s five-year history.

    Fans, celebs and rivals alike rallied for the cause in the final stretch, with all four of Kickstarter’s…

  • Bitcoin prince Adam Draper brings buzz to Raleigh's Cryptolina

    Venture capitalist Tim Draper is getting a lot of ink this week. He just won that $19 million take of confiscated bitcoins that law enforcement seized from Silk Road.

    And Cryptolina – a local conference aimed at spreading the Bitcoin mantra– is in prime position to capitalize on that buzz. That’s because Tim Draper’s son Adam, an established Bitcoin investor who could be the real benefactor of the auction, is one of Cryptolina’s headliners.

    Organizer Faruk Okcetin says he got lucky.


  • Raleigh's Paragon Bank parent announces stock split

    Raleigh-based Paragon Commercial Corporation, parent company of Paragon Commercial Bank, is trying to increase the liquidity of its shares in advance of an OTC debut.

    The company recently began the process to receive a ticker symbol so that its stock can be traded on the “over-the-counter” market.

    On Wednesday, the firm announced it has authorized a 125-for-1 stock split for shareholders – a move aimed at bringing the stock price to a level more attractive to investors.

    “Since our charter…