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Bank of America adds 35 small biz bankers in Atlanta

Bank of America adds 35 small biz bankers in Atlanta

ATLANTA -- Bank of America Corp. reported Wednesday it hit its target of hiring more that 1,000 small business bankers in 2012, including 35 in Metro Atlanta.

The Charlotte, N.C.-based bank said it extended $280.2 million in credit to Georgia small businesses and $8.7 billion nationally last year. The $8.7 billion was an increase of 28 percent over 2011.

It recently reported net income of $2.8 billion for 2012. It also saw its head count shrink by about 5,000 employees to 267,190 in the fourth quarter, evidence that BofA is still trimming staff levels as it works to lower its expenses. Branches also continued to close, with BofA reporting 5,478 banking centers across its U.S. franchise at the end of the year, down from 5,702 centers a year earlier. 

Bank of America is the third-largest bank in metro Atlanta with 145 local branches and $20.4 billion in area deposits for a market share of 17 percent. 

Publishing firm seeks Chapter 11 reorganization

Publishing firm seeks Chapter 11 reorganization

ROME, Ga. (AP) -- The parent company of the Rome News-Tribune and several other publications in northwest Georgia has filed a petition for Chapter 11 reorganization.

The Rome News-Tribune reports News Publishing Co. President Burgett H. Mooney III said Tuesday's filing is aimed at guaranteeing the business will continue. Mooney says the publishing firm will be a stronger company as a result.

News Publishing Co. is the parent corporation of the Rome News-Tribune, Calhoun Times, Walker County Messenger, Catoosa County News, Cedartown Standard and Rockmart Journal.

The petition does not impact Cherokee Publishing Co., a wholly owned subsidiary of News Publishing Co., which publishes the Cherokee County Herald in Centre, Ala.

 

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

Berry students to sell goods at Harry's Farmers Market

Berry students to sell goods at Harry's Farmers Market

MARIETTA, Ga. -- Berry Student Enterprises will sell some of its wares at Harry's Farmers Market in Marietta this weekend.

The student group will be at the Powers Ferry Road store from noon to 3 p.m. on Saturday, Nov. 17. The Berry entrepreneurs will sell a bit of everything -- from cheese to mints to hand-made scarves.

"We could not be happier. This is a huge deal for the enterprises," Josh Fancher, a Berry sophomore from Lawrenceville and risk management specialist of the enterprise, said in a statement.

Participating enterprises include Martha's Herbs, Season's Harvest, Viking Creations and Viking Furniture. Each enterprise is made up of Berry students working closely with a faculty advisor.

For more information, visit berry.edu/studententerprises.

Kmart closes Athens store for final time

ATHENS, Ga. - The Kmart store in Athens along Barnett Shoals Road closed for the final time Sunday.

The store was among a list of 120 stores nationally that Kmart's parent, Sears Holdings, said late last year they would be shuttering nationwide. Locations in Douglasville, Jonesboro and on Cleveland Avenue in Atlanta have already closed.

RELATED | 4 Metro Atlanta locations among Kmart stores to close

Employees in the store were offered the opportunity to apply for positions at other Kmart stores.

Kmart stores in Marietta, Covington, Canton, Mableton, Snellville, Hiram, Peachtree City, Cartersville, Carrollton and Rome remain open.

Pirelli marks 10th anniversary in NW Georgia

Pirelli marks 10th anniversary in NW Georgia

ROME, Ga. -- Pirelli Tire North America executive say they will continue to invest in Rome and Floyd County as well as the company's headquarters plant in Rome.

The company is marking its 10th anniversary in northwest Georgia.

Pirelli executives this week revealed an ongoing partnership with the Greater Rome History Museum and a special Pirelli addition to the industry display in the museum in downtown Rome.

Company officials say the first tire that rolled off the line at the giant Pirelli plant in Rome will be part of the new exhibit.

Mohawk Industries to expand in Chattooga County

SUMMERVILLE, Ga. -- A company that turns plastic bottles and containers into carpet fiber plans to expand in northwest Georgia, adding about 500 jobs in Summerville over five years.

Gov. Nathan Deal said Wednesday that Mohawk Industries is improving the efficiency of its recycling operation to produce more fiber.

The company's vice president of recycling, Mark Dye, said the initial phase of the expansion should be in operation next year. He said the improvements will result in new products for customers.

The state Department of Economic Development will provide the company with free training for the workers involved in the expansion.

Mohawk produces flooring products that include carpeting, rugs ceramic tile, stone, wood, laminate and vinyl. Deal's office said the company is among the leading recyclers of plastic bottles in North America.