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Promotions and Hirings: July 30

Fri, 07/30/2010 - 13:39
Editor's note: Each day, we will share several items from the People on the Move section we publish each Friday in our print edition. The full list is available only to Triangle Business Journal subscribers. If you are not a subscriber but would like earlier access to the People on the Move section, you can subscribe here.

Home dealer pleads guilty in bank scam

Fri, 07/30/2010 - 13:11
The president of Hunter Creek Homes, a manufactured home dealership in Smithfield, has pleaded guilty in federal court to charges of conspiring to defraud Southern Bank and Trust Co. of Mount Olive, according the U.S. Attorney’s office of the Eastern District of North Carolina.

Ply Gem grows employee roster by 300

Fri, 07/30/2010 - 12:43
Cary-based building products maker Ply Gem Holdings is back in growth mode, having added more than 300 employees to its roster of 4,500 across North America in the second quarter of 2010.

Colgate-Palmolive sues GlaxoSmithKline over toothpaste trademark

Fri, 07/30/2010 - 09:55
Colgate-Palmolive Co. has a new toothpaste coming out and doesn’t want GlaxoSmithKline to prevent it from marketing its “triple action.” (CL) (GSK)

BlackBerry maker RIM races past Sony Ericsson in mobile phone sales

Fri, 07/30/2010 - 09:47
BlackBerry-maker Research in Motion improved its share of the mobile phone market to 3.5 percent in the second quarter, according to figures released Friday by research firm IDC. (NOK)

GlaxoSmithKline pays millions to license Anacor antibiotic

Fri, 07/30/2010 - 09:38
Drug giant GlaxoSmithKline (NYSE: GSK) has struck a deal with Anacor Pharmaceuticals to license the Palo Alto, Calif.-based company’s antibiotic candidate. (GSK)

Perdue expected to announce Caterpillar win for Winston

Fri, 07/30/2010 - 09:32
Gov. Beverly Perdue is expected to announce today that Caterpillar has chosen Winston-Salem as the site of its new manufacturing plant and more than 500 jobs. (CAT)

Schering-Plough charges eat into Merck profit

Fri, 07/30/2010 - 09:09
Drug maker Merck said Friday that its profit fell by 52 percent during the second quarter on charges related to the company’s acquisition of Schering-Plough. (MRK)

Four Oaks Fincorp swings to profit

Fri, 07/30/2010 - 08:52
Four Oaks Fincorp, the holding company for Four Oaks Bank, swung to a second quarter profit of $289,000 from a loss of $705,000 in the same period a year ago, the bank reported Friday.

Shares plunge after Capital Bank posts loss, files to raise $116M

Fri, 07/30/2010 - 08:45
Shares of Capital Bank plummeted Friday after the Raleigh-based bank posted a second quarter loss and filed with securities regulators to raise as much as $116.6 million in a sale of common stock.

Bayer profit slips 1.3% on lawsuits

Thu, 07/29/2010 - 16:29
Germany-based Bayer Group reported a profit of 525 million euros ($686.1 million) in the second quarter, down 1.3 percent from 532 million euros ($695.2 million) in the year-ago quarter. Results included charges of 255 million euros ($333.2 million) related to litigation in the HealthCare and CropSciences segments and a partial write-down for the cancer drug Zevalin.

Promotions and Hirings: July 29

Thu, 07/29/2010 - 15:38
Editor's note: Each day, we will share several items from the People on the Move section we publish each Friday in our print edition. The full list is available only to Triangle Business Journal subscribers. If you are not a subscriber but would like earlier access to the People on the Move section, you can subscribe here.

TeleHealth partnering with Samsung on hospital TVs

Thu, 07/29/2010 - 14:38
Raleigh-based TeleHealth Services is partnering with Samsung to deliver health care information through new Samsung television sets designed specifically for the hospital market, TeleHealth announced Thursday.

Reports show slower business activity, but positive expectations in Carolinas

Thu, 07/29/2010 - 14:26
While businesses in the Carolinas saw business activity remain flat in July, they still expect to see modest improvements in the coming months, according to a survey of business activity released Thursday by the Federal Reserve Bank of Richmond.

UNC granted $3.3M for prostate cancer study

Thu, 07/29/2010 - 14:04
Researchers at the UNC Lineberger Comprehensive Cancer Center have received a $3.3 million grant to study the best treatment options for prostate cancer.

Belk hit with discrimination suit over Raleigh firing

Thu, 07/29/2010 - 13:57
The U.S. Equal Employment Opportunity Commission has filed suit against Charlotte-based Belk Inc, claiming that the company’s Crabtree Valley Mall store discriminated against an employee based on her religion.

Inland American sells three Triangle hotels

Thu, 07/29/2010 - 13:50
An affiliate of Inland American Real Estate Trust has sold a portolio of five hotels, including three in the Raleigh-Durham region.

Cash-poor Icagen earns $3M milestone payment from Pfizer

Thu, 07/29/2010 - 13:46
Icagen has earned a $3 million milestone payment from collaborative partner Pfizer – money that gives the cash-strapped Durham drug developer a welcome dose of financial relief. (PFE)

AGC: Triangle loses 4,500 construction jobs

Thu, 07/29/2010 - 13:00
The Triangle’s two metropolitan regions rank among the bottom third of U.S. metros for construction growth, according to a new report from the Associated General Contractors of America.

Delta leads way as airlines’ profits soar

Thu, 07/29/2010 - 12:42
Airlines may have been pounded financially for the past decade, but changes to their business models over the past couple of years helped make the second quarter one of the best earnings seasons in the industry’s history. (DAL) (AMR)