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Raleigh Triangle Local and Business News

  • Military-friendly employers in the Triangle

    The unemployment rate for military veterans across the country who have served since September 2001 is at 9 percent, according to a report from the U.S. Bureau of Labor Statistics. In North Carolina, 25,000 military veterans are unemployed.

    Yet military veterans looking for work may not know where to look to connect with local military-friendly employers.

    Here are three North Carolina resources to help military veterans find jobs:

    Stay NC– A resource page to help military veterans and their…

  • Defunct Raleigh incubator could make a comeback

    The defunct Raleigh Business and Technology Center could get a second wind.

    It’s been a year since city leaders yanked its funding amid an audit that turned up “significant” finance issues at the center.

    On Tuesday, city leaders heard from local thinkers – everyone from IBM (NYSE: IBM) veterans to Cisco (Nasdaq: CSCO) engineers to entrepreneurs – on ways the incubator could be reinvented. They were all part of a “visioning team,” says city CIO Gail Roper. They met three times to talk…

  • Google buys music-streaming startup Songza (officially)

    Google officially agreed to buy music-streaming curation app Songza Inc. after reports of the acquisition first surfaced in June.

    Financial details surrounding the deal were not disclosed, although the purchase was pegged at $15 million last month. Songza CEO Elias Roman told The Wall Street Journal that his 40-person team will be incorporated into Mountain View-based Google Inc.

    Google told the Journal it may incorporate Songza’s technology into its current music app, Google Play All Access…

  • Furiex shareholders approve Forest Labs' $1B buy

    Shareholders of Morrisville-based Furiex Pharmaceuticals (Nasdaq: FURX) have officially OK’d Forest Laboratories $1.4-billion buy of the company.

    By a vote of 8,636,934 to 13,949, stockholders approved the deal.

    The merger, announced in April, also snagged clearance from the Ukrainian Antimonopoly Committee – one of the final hurdles before the deal can close. Technically, Furiex will be acquired by Irish pharma Actavis (NYSE: ACT) which, as of Tuesday, has officially closed on its own acquisition…

  • Continental Realty buys Six Forks Road retail center for $6M

    A Baltimore real estate company has swooped in to buy the floundering Creekside Crossing retail center at the corner of Six Forks and Wake Forest Roads in Raleigh.

    Continental Realty Corp. paid $6.3 million for the center that, according to deed records, had been under bank ownership since 2012 when Wells Fargo foreclosed on the property.

    But compare that to a property tax value of $13.7 million for Creekside Crossing, which is what the tax appraisers thought it was worth in 2008 when the last…