Donald S. Berger, Head of School at Cary Academy, is taking a job as Head of School at Cape Fear Academy in Wilmington.

He will take over from John B. Meehl, Cape Fear Academy's current Head of School, who is retiring.

Berger, who will begin at Cape Fear July 1, 2012, has been Head of School in Cary for about 15 years.

"We're in the search process right now," said Lynn Fountain, director of institutional advancement for the school.

Stock Building Supply sold

From staff reports

The Gores Group, the Los Angeles private equity firm that acquired a controlling interest in Stock Building Supply in 2009, is now the sole owner of the Raleigh company.

The firm announced last week that it had acquired the remaining 49 percent of Stock that it didn't own from Wolseley Plc for an undisclosed amount.

"We have high expectations for Stock, and this transaction solidifies our position in the company," Ryan Wald, managing director of The Gores Group, said in a statement.

Stock, founded in 1922 as Carolina Builders, sells windows, doors, roofing and other housing materials.

Stock currently has 2,194 employees in 13 states. The company employs 516 in North Carolina, including 348 in the Triangle.

Price calls plan 'ridiculous'

From staff reports

Democratic Rep. David Price criticized GOP presidential candidate Rick Perry's proposal to eliminate foreign aid and require countries to start "at zero" to justify any future aid.

"We might dismiss this ridiculous assertion as a 'Hail Mary' from a candidate desperate to revive his flagging chances were it not for the fact that it drew heavy applause from the Republican voters in the audience and eager agreement from the rest of the Republican field - including the presumptive front-runner," Price said in a House floor speech Friday.

Price asked how "the party of internationalists such as Teddy Roosevelt, Dwight Eisenhower and Ronald Reagan" could cut foreign aid to zero.

He said foreign aid, which was less than 1 percent of the federal budget, was a cost effective investment to strengthen key allies such as Israel, the Palestinian Authority, Afghanistan and Egypt.