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Atlanta Prosperity Campaign, others offer benefits of earned income tax credit at news conference

Atlanta Prosperity Campaign, others offer benefits of earned income tax credit at news conference

Volunteer Income Tax Assistance Program (VITA) Sites Also Begin Offering

Free Tax Preparation to metro-Atlanta Households Earning $49,000 or Less

 

Press Conference Speakers

 Carlis Williams, Region IV Administrator, US Department Health and Human Services Administration of Children and Families

Peggy Bogadi, IRS Wage & Investment Commissioner

Bill Bolling, Executive Director, Atlanta Community Food Bank

Deborah Lum, Executive Director, Atlanta Workforce Development Agency

Karen Rogers, Director, City of Atlanta Mayor’s Office of Weed and Seed 

Jason Nguyen, Osborne High School VITA Site Representative

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. 

'Two-Buck Chuck' no longer costs $2 at Trader Joe's

LOS ANGELES (KNBC) -- For the first time since its release more than a decade ago, Trader Joe's award-winning Charles Shaw wine -- affectionately known as "two-buck Chuck" -- will cost more than $2 at California stores.

Californians will now have to spend to $2.49 for a 750ml bottle. 

California was the last remaining holdout to sell the wine for $1.99. The vino's price tag ranges from state to state, with Ohioans paying the most at $3.79. In Georgia's Trader Joe's stores, "two-buck Chuck" runs shoppers $2.79.

There are six Trader Joe's stores in Metro Atlanta.

More than five million bottles of the wine are sold each year.

Macy's closing 6 underperforming stores around U.S.

ATLANTA (WXIA) - Macy's announced this week that they are closing six stores across the nation, in what the retailer said was a part of a normal review of business. None of the stores closing are in Georiga.

The stores closing include a Bloomingdale's Fashion Show Home Store in Las Vegas, and Macy's stores in Paseo, Colo., Belmont, Mass., Honolulu, St. Paul and Houston.

After the closings the chain will operate 798 stores in 45 states, including the Macy's Central division flagship store at Lenox Square. In Georgia, Macy's also has full-service stores at North Point, Athens, Cumberland, Greenbriar, Northlake, Perimeter, Augusta, Mall of Georgia, Columbus, North DeKalb and South DeKalb Malls, Arbor Place, Town Center, Stonecrest, Southlake, Savannah and Macon. There is one Bloomingdale's location in Lenox Square, and Macy's Furniture locations in Duluth, Alpharetta, at Town Center and at Perimieter Mall.

MetLife forecloses on Mansell Overlook

MetLife forecloses on Mansell Overlook

ROSWELL, Ga. -- MetLife Inc. has foreclosed on Roswell's Colonial Center at Mansell Overlook for more than $80 million, according to Fulton County records and Databank Inc.

The foreclosure, completed in December, includes the development's four mid-rise office buildings and its retail properties. The project went back to MetLife for about $82.5 million, according to Databank, an Atlanta firm that covers commercial real estate transactions.

Mansell Overlook got caught in a highly competitive north Fulton market and the slow rebound in job growth after the downturn.

In 2006, near the height of the commercial real estate boom, Birmingham, Ala.-based Colonial Properties Trust completed a $166.4 million joint venture, sale and long-term management and leasing assignment deal with UBS Wealth Management for Mansell Overlook.

Cobb, DeKalb, Fulton sue HSBC over predatory lending

Cobb, DeKalb, Fulton sue HSBC over predatory lending

ATLANTA -- Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC engaged in predatory lending that ended up costing them hundreds of millions of dollars.

Cobb, DeKalb and Fulton counties say the bank aggressively signed minorities to housing loans that were likely to fail. The counties say it caused tremendous damage, including extra expenses and lost tax revenue.

The lawsuit says the banks violated the Fair Housing Act, which provides protections against housing or renting policies or practices that discriminate on the basis of race, color, national origin, religion, sex, family status or handicap.

A lawyer for HSBC said he couldn't comment on the lawsuit, which was filed in October. A federal judge has given the bank until Jan. 25 to file a response.

Leff’s Atlanta Media launches 'News from the PR Dept.'

Leff’s Atlanta Media launches 'News from the PR Dept.'

Seven Years and Thousands of Updates Later, Leff’s Atlanta Media (www.LeffsAtlantaMedia.com) Continues to Track and Report on Atlanta’s Diverse Media Community

It’s been seven years since Atlanta public relations executive Mitch Leff launched Atlanta’s most comprehensive database of local media, Leff’s Atlanta Media (www.leffsatlantamedia.com), and the site continues to grow.  This month, the site will add a new section, “News from the PR Dept.,” tracking news items of interest to media and public relations professionals.

The new feature will appear on the Leff’s Atlanta Media blog and in the site’s monthly “Mitch’s Media Musings” newsletter and will include: