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Raleigh Triangle Local and Business News

  • RTP loses German research center to St. Louis

    Competition for agriculture research jobs heats up after it was announced Monday that German seed company KWS has chosen St. Louis over Research Triangle Park for its new North American research base.

    KWS Saat AG is planning to open its first North American research center near the Donald Danforth Plant Science Center campus in Missouri before the end of the year. It will initially create 75 jobs.

    But according to reports from St. Louis, the company’s second-choice location was Research Triangle…

  • Raleigh's Dara Bio shuffles up C-suite

    One day following news that sent it’s share price up nearly 15 percent, Dara BioSciences shuffled up the executive suites by hiring a new CEO and bumping the former CEO to executive chairman.

    The new chief executive, Christopher G. Clement, 59, was the former chief operating officer and he takes over the new position immediately. The former CEO, Dr. David Drutz, 76, also worked as the chief medical officer and will keep that title in addition to his new role as executive chairman.

    On Monday,…

  • StrikeIron is acquired by Informatica, execs mum on details

    Details are scarce, but StrikeIron, a Cary-based data-as-a-service firm, has been acquired by data integration company Informatica.

    StrikeIron, helmed by CEO Sean O’Leary and founded in 2003 by entrepreneurs Richard Holcomb, Bob Brauer and Robert Dale, counts the likes if IBM (NYSE: IBM) and Qualcomm on its customer list.

    The firm provides the kind of technology that allows pizza delivery firms to remember your address when you place an online order and Time Warner Cable to send you a message when…

  • Tesla promises Model X crossover by early 2015

    Tesla’s delayed Model X crossover will become available for sales in early 2015, the company confirmed Monday.

    While that’s roughly in line with previous statements made by Tesla Motors Inc. about the timeline of the vehicle, recent complications related to the gullwing rear doors (which open upward, DeLorean-like style) have caused development delays and may have made investors and Model X reservation holders jittery.

    Prototypes are expected to roll off the assembly line in the fourth quarter…

  • How Proctor & Gamble plans to wirelessly charge your phone while you sip Starbucks

    Thousands of Starbucks stores could soon draw folks who need more than just a cup of liquid energy. Procter & Gamble Co. plans to expand a pilot program that will allow customers of the nation’s largest coffee chain to wirelessly recharge their mobile phones.

    If the national roll-out of P&G’s Duracell Powermat wireless battery chargers proves successful at Starbucks, other types of locations might jump on board. Think of any place where users of smartphones scramble to secure an electrical outlet…