Placing bets on medicine, technology winners of '04
Our crystal ball tells us that many Triangle technology startups will crash and burn in 2004. Many will barely survive. And some, like the four below, could turn significant corners - making the year of the Olympics a thrilling one for the area's high-tech community.
Stock Building Supply to cut 3,000 jobs
Stock Building Supply, one of Raleigh’s biggest companies, will cut 3,000 jobs and close 86 branches in an effort to save money – but a spokeswoman says she expects cuts to be "minimal" in North Carolina.
Embarq sells; firm employs 2,800 in N.C.
Rural telecommunications carrier CenturyTel Inc. will buy Embarq Corp. in an $11.6 billion deal, the companies announced Monday.
Downtown Raleigh restaurant to shut down
The Riviera Resto and Mediterranean Lounge in downtown Raleigh will close its doors for good Monday night.
TBJ poll: Readers prefer McCain to Obama for president
North Carolina might be a battleground state in the race for president, but John McCain has a comfortable lead over Barack Obama in an unscientific poll of Triangle Business Journal readers.
Starbucks, Ben & Jerry's, Krispy Kreme offer Election Day freebies
Coffee, doughnuts and ice cream are being offered up in election day giveaways by Starbucks Coffee Inc., Krispy Kreme Doughnuts Inc. and Ben & Jerry's Homemade Holdings Inc.
Markets retreat on day after Obama victory
U.S. stock markets plummeted Wednesday, only hours after Barack Obama made history by becoming the first African-American to be elected president of the United States.
Glaxo picks RTP over Philly, announces 1,800 job cuts
GlaxoSmithKline will make Research Triangle Park its sole U.S. headquarters and cut almost 2,000 sales jobs, the company said Wednesday.
GlaxoSmithKline to shed 620 jobs
GlaxoSmithKline plans to close a pharmaceutical manufacturing plant in the United Kingdom that employs 620 people.
Epic Games sells 2 million copies of 'Gears of War 2'
Epic Games says it has another hit on its hands.
Wachovia loses execs to Morgan Stanley
Two senior Wachovia Corp. executives have joined Morgan Stanley’s retail-banking group.
Sun to cut up to 6,000 jobs; software chief exits as unit revamped
Sun Microsystems Inc. plans to cut up to 18 percent of its work force, or up to 6,000 jobs, in a company restructuring as it deals with declining demand.
MacGregor Development files for bankruptcy
The company that developed landmark Cary neighborhoods MacGregor Downs and Lochmere has filed for bankruptcy.
Cheaper gas fuels biggest drop in consumer prices in 61 years
Consumer prices plunged in October by the largest percentage in 61 years as gasoline costs dropped by a record amount.
Wyeth to cut 124 jobs in Sanford
Pharmaceutical company Wyeth will lay off 124 workers at its facility in Sanford, a company spokesman confirmed Wednesday.
Duke Energy to sell wind power to Wal-Mart
Wal-Mart Stores Inc. has agreed to purchase electricity from Duke Energy Corp.’s Notrees wind-power project in west Texas.
