TyraTech, a Florida company that develops food to fight internal parasites in people and animals, is relocating its headquarters to Morrisville.

The move will bring 105 jobs to Wake County.

The company cited the Triangle's high-quality universities as the main reason for the move.

“One of the key drivers to make the move to the Triangle area are the educational institutions and universities, especially N.C. State which has very strong programs in entomology and veterinary sciences which we hope to draw upon as we expand,” said Alan Reade, executive chairman for TyraTech, in a release.

Highwoods Properties is expanding its footprint in Florida.

The Raleigh-based real-estate investment trust announced today that it has bought a vacant, 117,000 square-foot office building and a 33-acre development site located near Tampa's airport for about $17.6 million.

The site, in the Westshore submarket, includes room for up to 524,000 square feet of future office space.

C.J. Leslie said Wednesday morning that he hasn't made a final list
of schools that he is considering, but that he is most interested in
Connecticut, Florida, Kentucky, N.C. State and Oregon.

Progress Energy will cut its operating expenses and delay two planned nuclear reactors in Florida in the wake of a decision by regulators in that state to deny the electric utility a rate increase.

Raleigh-based Progress, which runs electric companies in Florida and the Carolinas, said it will provide more details next month, but warned Wall Street analysts today in a special telephone conference that its Florida utility will not have sufficient money to maintain service quality.

The Florida Public Service Commission last week denied a $500 million rate increase beyond $132 million that had been previously received provisional approval. The regulators said that they couldn't justify raising customers' rates during a severe recession.

The Florida ruling has no direct effect on electricity rates in North Carolina, but it affects the company's overall financial performance and impacts all shareholders.

Progress announced this morning that it has reduced its profit forecast for the year and said it will cut spending throughout its operation.

CEO Bill Johnson said the nation's three rating agencies could reduce the company's credit rating, which would increase the cost of borrowing money for maintenance, upgrades and power plants.

Florida regulators rejected Progress Energy's request to collect about $500 million in higher rates.

The decision by the state's Public Service Commission is a blow to the Raleigh-based utility's bottom line. Progress serves about 1.6 million customers in Florida and says that the rate hike is necessary to improve that state's aging energy infrastructure.

"We know that there is never a good time to raise rates, but the PSC decision is particularly harmful because it fails to recognize the true costs associated with providing a secure, reliable electricity system," said Vincent Dolan, CEO of Progress Energy Florida, in a prepared statement. "Today's results will certainly affect the financial performance of the company, especially given the continued economic decline and associated impact on energy usage."

Company officials could decide to scrap planned improvements and power projects in Florida because of high costs, he added.

RALEIGH -- They say the game isn't over until the final second disappears from the clock.

In a heartbreaking loss, N.C. State found that out the hard way.

Florida escaped the RBC Center with a 62-61 overtime victory after Chandler Parsons heaved a shot and nailed a 3-pointer from 75 feet. His remarkable shot splashed through the nets as the backboard lights lit up and handed the Pack a disappointing loss just as it had seemed to pull out a hard-fought victory.

• UNC's schedule
• Duke's schedule
• Composite ACC schedule 

Home: Georgia State, New Orleans, Northwestern, Winthrop, Florida, Holy Cross, N.C. Central, Georgia Southern, Elon

A couple of points of clarity on the Texas vote:

• I think Texas is the best team in the country, based on the talent they have returning and the motivation they have after watching a team they beat (Oklahoma) play for the national title.

The 3D showing of college football's BCS title game last night at the Marquee Wakefield 12 in Raleigh — one of about 80 theaters nationwide to offer it — had almost no technical glitches and offered an incredibly crisp view. But those moments of a ball or player jumping out of the screen at the audience? Not too many. Here's what they got right and, well, not so right.