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Six Flags Atlanta president to retire

Six Flags Atlanta president to retire

AUSTELL, Ga. -- Six Flags Atlanta President Melinda Ashcraft has announced her retirement.

The theme park said Monday that Ashcraft will be succeeded by Dale Kaetzel, who most recently served as president of Six Flags Discovery Kingdom in Vallejo, Calif.

RELATED | Six Flags, White Water to debut new rides in 2013

Ashcraft has been with Six Flags for 45 years, beginning her career as a ride operator at Six Flags Over Georgia the year the park opened. She recently became the fifth recipient of the Six Flags Angus G. Wynne lifetime achievement award.

Sam's Club, Business Savings Expo offer savings to Atlanta-area small businesses

Sam's Club, Business Savings Expo offer savings to Atlanta-area small businesses

ATLANTA -- Many Sam's Club locations near Atlanta are taking part in the Business Savings Expo through Sunday, February 17, where small businesses can get extra savings on items for their companies.

A spokeswoman for the Expo reported that savings can reach $2,500, and apply to 200 items which help business owners save more. The savings are offered at checkout, no coupons or rebates are needed. 

"Sam's Club wants to provide local business owners with the tools and goods they need to lead each day with increased confidence and optimism," Betty Marshall, vice-president for Sam's Club southeast operations said. "Everyday our associates strive to positively impact and serve small business members, who are so important to the fabric and success of our country. We hope by offering savings atop low prices that Sam's Club can contribute to increased small business success in 2013."

The nearby stores offering the savings include: 

 

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. 

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.

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

WellStar cutting 42 jobs

WellStar cutting 42 jobs

AUSTELL, Ga. -- WellStar Health System says it will eliminate 42 jobs at Cobb Hospital in Austell.

The health care firm says the positions will be eliminated by early July, though company officials hope to reassign those employees.

Officials say the cuts include registered nurses, people who transport patients through the hospital and others.

WellStar spokesman Keith Bowermaster says that the 382-bed hospital has experienced lower patient volumes and an increase in the number of uninsured patients in recent months.

He said the health system has a "no-layoff policy" and that eligible employees will be offered positions within the system.