This is what you call a job creator.
Position | TRIANGLE REGION |
A little more than a year after unveiling a new master plan for Research Triangle Park, the not-for-profit foundation that runs it revealed plans for a mixed-use redevelopment it says could create 100,000) jobs, In the first phase of the plan, the Research Triangle Foundation will develop UX) acres along Interstate 40 as Park Center, where it will build housing, restaurants and retail space. The foundation owned the land and paid $17 million for the Radisson Governors Inn and more than a dozen, mostly vacant office buildings, all of which will be razed. The park is home to more than 170 companies, which employ more than 39,000 full-time employees and 10,000) contract workers.
MORRISVILLE--Lenovo Group Ltd. will buy Armonk, N.Y.-based IBM's x86 server division for $2.3 billion. The purchase will give the Chinese computer-maker, which has its North American headquarters here, 7,500 employees worldwide, including an unspecified number at Research Triangle Park. Lenovo bought IBM's personal-computer business in 2005. In a separate $2.9 billion deal, Lenovo will acquire the Motorola Mobility smartphone business from Mountain View, Calif.-based Google.
RALEIGH--Martin Marietta Materials will acquire Dallas-based Texas Industries in an all-stock deal that will make it the nation's largest producer of crushed stone, sand and gravel for road, sidewalk and water-system construction. Pending regulatory and shareholder approval, the companies expect to close the transaction, valued at more than $2 billion, in the second quarter.
DURHAM--San Jose, Calif.-based TiVo will pay $135 million for Digitalsmiths, a cloud-based video-search service. TiVo, founded in 1997, developed the...
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