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Copy of Cree adding 500 jobs over three years
Manufacturer Cree announced Thursday that it will add 500 "green" jobs at its Durham headquarters over the course of three years. As many as 275 of those positions will be in place by the end of the calendar year, CEO Chuck Swoboda said.
Ericsson joins bidding for Nortel’s mobile networks business
Swedish company offers $730 million for one of bankrupt telecom gear maker’s crown jewels. Nokia Siemens and N.Y. private equity firm also have made bids. Auction set for Friday despite objections for Research in Motion.
Red Hat, ibiblio, NCSU join Open Source for America initiative
Group of companies, individuals, universities and organizations band together to tout open source solutions for federal government.
N.Y. private equity firm bids $725M for Nortel assets
A private equity firm specializing in distressed assets says it is bidding $725 million to acquire the cell phone network assets of Nortel Networks Corp., topping a previous $650 million bid from Nokia Siemens Networks.
BlackBerry maker Research In Motion says it wants parts of Nortel
However, RIM, which, like Nortel, is based in Canada, says the bankrupt telecom gear maker is blocking its interest. Nortel denies the charge. Meanwhile, Avaya makes an offer for other Nortel assets that would affect RTP operations.
Texas-based data center operator acquires Triangle startup AdvancedNetworX
In deal worth nearly $400,000, INX expands growing national presence to southeast. AdvancedNetworX CEO will remain with new owner.
N.C. IT job market openings drop 7% in June after increase in May
A ‘slow summer is ahead’ for tech job seekers, says latest IT Job Trends report. Slight improvement is expected this fall. For now, market is ‘stabilized.’
Government agency takes on U.S. Nortel pension fund
Pension Benefit Guaranty Corporation says it is taken the action to ‘protect pensions’ because Nortel is preparing to ‘liquidate.’ Nortel has been in bankruptcy since January and is in the process of selling assets.
80 employees at Cisco in RTP told they are losing their jobs; hundreds cut elsewhere
Networking giant says workers affected by an ongoing restructuring program can apply for open jobs. A ‘small number’ are expected to be redeployed, Cisco says. Other cuts are also made at global company. Cisco employs some 4,500 people in the Triangle.
E-7 law enforcement vehicle won't be built in N.C.
Atlanta-based Carbon Motors plans to invest $350 million for a campus. North Carolina is out of the running, company says. South Carolina and Georgia are on final list.
E-7 law enforcement vehicle could be built in S.C. or Georgia
Atlanta-based Carbon Motors plans to invest $350 million for a campus. North Carolina is out of the running, company says. Korean firm’s U.S. subsidiary is also eying Carolinas, Georgia for an electric vehicle plant.
Microsoft plans stores 'right next door to Apple'
if Microsoft is targeting existing Apple outlets, there are two in the Triangle as well as Greensboro and Charlotte.
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