As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Notable news stories from last week included: Cree’s stock hit a one-year high after disclosing the sale of its LED business for as much as $300 million; Wilmington’s nCino added Barclays to its customer base; IBM’s CEO revealed that not all customers are embracing the “NewCo” spinoff; Bandwidth released new details about its future headquarters in Raleigh; after acquiring Durham startup Bright Wolf, Fortune 500 firm Cognizant is bringing a new IoT lab to the Triangle; aerospace giant Raytheon will build an aerospace manufacturing plant Western North Carolina with 800 new jobs; over 7,850 software jobs were posted in September across NC; Epic Games continues its legal battle with Apple.
Also: The latest feature in TechWire’s Limelight lineup spotlights new developments happening in East Carolina’s warehouse district.
A few local companies secured new funding last week, including Durham-based Tyrata ($2.9 million) and Raleigh-based EDJX ($6.4 million). Read more local startup news in our weekly Startup Rewind and Startup Spotlight editions.
And, in national news: CVS is hiring 15,000 employees as it braces for more COVID-19 and flu cases; America’s next president will need to face the pressing challenge of fixing a broken jobs market; the Department of Justice filed an antitrust suit against Google; the World Economic Forum warned that 85 million jobs could be replaced by automation; short-form video startup Quibi is shutting down just six months after launching; AT&T and Verizon have cut thousands of jobs in the last four years.
Keeping with our Monday “TechWire Rewind” tradition, here’s a look back at 82 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY | October 19 Headlines:
- All Things Open returns – virtually – to Triangle for 2-day Open Source event
- Cree stock jumps to one-year high on news it’s selling LED business for $300M
- CVS to hire 15,000 as it braces for more COVID-19, vaccine distribution, flu
- Events ‘on the horizon’ in Nov.: xElle Pitch, New Ventures Demo, NC Tech Awards & more
- First-day iPhone 12 orders top those for iPhone 11, analyst says
- Here’s how COVID-19 changes the workplace forever, says JLL expert
- Here’s our guide to 150+ meetups for entrepreneurs & techies across Triangle
- Inside IBM’s split: Why spinning off underperforming Global Technology Service group is good move
- NC headliners: Previewing 42 events & webinars happening state-wide over next 2 weeks
- Startup Rewind: Funding opportunities, companies raise cash + more tech, life science news from Oct. 12-16
- Startup Spotlight: Wingo risks overextending Get Spiffy to seize new opportunities – here’s why
- Tech Today headlines: Relay, Bandwidth, Levitate, LabCorp, CommScope, Liquidia, Volvo Trucks, TagoAI, MED-EL, Beroe
- TechWire Rewind: Here’s a recap of 68 local and national headlines from Oct. 12-16
- The jobs challenge: Election winner will face huge challenge regardless who wins
- Triangle headliners: 70 webinars, events & deadlines coming up through Oct. 30
- Triangle Startup Guide adds new coworking site, more VC funding & other resources
TUESDAY | October 20 Headlines:
- Bandwidth, development partners unveil renderings of future HQ campus in Raleigh
- Duke researchers leading $5M project to improve Air Force networks
- Honeywell boosts unmanned aerial systems efforts with acquisition
- IBM’s CEO concedes not all customers embrace Big Blue’s upcoming split
- Inside antitrust case against Google: Five key takeaways to consider
- Intel selling flash memory chip business for $9B to South Korean firm
- In the Limelight: ECU’s warehouse district receives new name, plan for future
- IQVIA’s CEO: Life science giant ‘delivering results above our financial targets’
- Judge warns Epic Games, Apple attorneys to cut the ‘nastiness’ in lawsuit
- Justice Department files antitrust suit against Google
- nCino adds international banking giant Barclays to customer list
- Need a charge? Get Spiffy partners with SharkTank-backed electric vehicle startup
- NC IDEA is looking for input to help strengthen our state’s entreprenurial ecosystem
- Reviews for new iPhone 12, iPhone 12 Pro are in … here’s a roundup
- Tech Today: News about drones down east plus Adwerx, AvidXchange, Fluree, nCino, AskBio, XDC, Passport, Cymatic, Parexel
- Think you are going crazy in times of COVID? Here are tips on how to cope
- Town of Newport in the Crystal Coast poised for growth
- What’s next for Netflix and streaming wars? Wall Street is looking for insight
WEDNESDAY | October 21 Headlines:
- 4-time Latin GRAMMY winner J Balvin headlines Fortnite’s Halloween party
- 85 million jobs at risk due to automation by 2025, World Economic Forum warns
- ‘A major pest:’ NCSU researcher helps unravel genetic blueprint of a bug ‘that’s on everything’
- Data sensor startup Tyrata, with links to Duke University, raising new round of cash
- Donald Thompson: We as leaders must be champions of truth
- DUALBOOT PARTNERS: The essential tech checklist – 5 things entrepreneurs and leaders must understand to protect their products and their business
- Here’s how IBM, Red Hat are partnering to boost artificial intelligence through the cloud
- LabCorp launches new test aiming to assist COVID-19 vaccine trials
- Milk from plants? That’s next challenge for plant-based meats firm Impossible
- Pandemic drives millions to shop online – are retailers ready? Charlotte firm sounds warning
- PayPal launches own cryptocurrency service; bitcoin values surge on the news
- Secretive deal with Apple worth billions at heart of Google antitrust suit
- Tech Today: News from Fortnite, Syneos, MetLife event, Eaton, SAS-sponsored study on payment fraud, CommScope, Aceyus, Mycovia, Jaggaer
- Whole Foods to offer free one-hour grocery pickup at Triangle stores
- Will Netflix raise subscription prices even as growth slows?
THURSDAY | October 22 Headlines:
- ‘A big red target on its back,’ Tesla roars to another profitable quarter
- A deal-making magic 8-ball and other surprises: Entrepreneurship, investing with Robbie Hardy and Fred Hutchison
- Edge computing startup EDJX in Raleigh lands $6.4M from investors
- Emerging Raleigh primary care provider expands workplace service options
- Female execs at 2 Triangle startups bring new ideas to virtual exercise, recycled clothing
- Fortune 500 firm Cognizant acquires Durham startup Bright Wolf, to create IoT lab in Triangle
- Kiosks help stop spread of coronavirus at UNC-CH football games
- Moog Music offers new version of instrument that pioneered electronic music – hear it!
- More sales, more prestige? Tesla could be headed for S&P 500
- North Carolina lands $650M aerospace plant, 800 jobs in Raytheon expansion
- Senate threatens to subpoena Facebook, Twitter CEOs over ‘censorship’
- Short video startup Quibi is folding after just 6 months
- Special report: How career, technical education shuts out Black, Latino students from high-paying professions
- Streaming wars: HBO Max stays hot, adding 4.5M new customers
- UNC lab using genetic sequencing to tackle secrets of COVID-19-causing virus
- With new cash, Durham biopharma startup Emergo targets a big enemy: Flu
FRIDAY | October 23 Headlines:
- California court rules Uber, Lyft must treat drivers as employees
- Durham startup Tellus moves closer to OK for neonatal brain treatment
- Fighting microplastics: ‘You can’t filter the sea – it’s too big’ but NCSU researcher has an idea
- Gene editing shows promise as tool to fight neuro disorder in babies, UNC study finds
- Good job news: Demand for software developers keeps rising across NC despite pandemic
- Here are 7 ways to stay healthy, sane as pandemic possibly worsens this fall
- New Relay+ – a walkie-talkie replacement – targets frontline workers with more tools, services
- Now hear this: Durham’s MED-EL Medical Electronics wins Innovator award
- Talking taxes at election time: Breaking down who pays what and why
- Tech Today: AT&T-Cisco on 5G; Webex surges; Intel woes help Lenovo?; Red Hat touts OS lack of conflicts; SAS a leader; Honeywell-Microsoft partner, more
- Tesla: $8K ‘full self-driving’ software upgrade still needs driver supervision
- This startup aims to provide you with ‘Bottomless’ cups of coffee
- Want a new iPhone? Here’s a way to find the best deals
- WRAL Voter’s Choice Awards finalists include numerous firms, leaders from business, tech sectors
