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Barnes & Noble closing Camp Creek store in July

(WXIA) -- 11Alive News has learned that Barnes & Noble plans to close its Camp Creek Marketplace store in East Point when its lease expires in July.

"The current lease is at its end-of-term and we will be closing the Camp Creek Parkway store in July," David Deason, VP of development for Barnes & Noble, said in a statement emailed to 11Alive. "We enjoyed serving our customers at this location and invite those customers to visit one of the other nearby Atlanta-area Barnes & Noble locations for the same great service and selection."

Camp Creek Parkway sets path for growth

ATLANTA -- There's more momentum to stimulate growth on Atlanta's south side.

Community leaders have launched an effort to form a community improvement district, or CID, on Camp Creek Parkway, a corridor that developers began to focus on several years ago, turning it into a magnet for new logistics operations and retail projects.

They want the district in place by mid-July.

It aims to stem the tide of fatal car crashes that have plagued Camp Creek Parkway, and it could spur revitalization of the Aiport West Market Area. It also comes as local leaders try to expand the concept of the Aerotropolis, an urban development plan anchored by a major airport -- in this case, Hartsfield-Jackson Atlanta International.

JP Morgan Chase, Brookings Institution start Global Cities Initiative in Atlanta

JP Morgan Chase, Brookings Institution start Global Cities Initiative in Atlanta

(ATLANTA BUSINESS CHRONICLE) -- Metro Atlanta leaders will seek to grow the region's global business opportunities through a new initiative kicked off Wednesday by JP Morgan Chase and the Brookings Institution.

The Global Cities Initiative, which is part of a five-year, $10 million multi-city effort ultimately will forge new city-to-city partnerships to create trade and economic relationships to prosper from the growing urbanization of the world's population. 

Atlanta mayor Kasim Reed said the initiative takes advantage of growing businesses through exporting and by recognizing that the "Made in USA" brand is becoming increasingly valuable in the world. 

The two-day conference, held at the Academy of Medicine on the Georgia Tech Campus, will lead to a new Metropolitan Export Plan for Atlanta. 

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. 

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.

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.

Hostess Brands shuts down; thousands out of work

ATLANTA -- On a day when the venerable Hostess Brands announced its liquidation, the shockwaves were felt everywhere -- even Atlanta.

Empty Hostess trucks and what's left of the product being sent on its way to Hostess outlet stores were all that was left at the southwest Atlanta Hostess Distribution Center. All employees ended up with was a simple goodbye with no severance pay.

Jarod Nalls, a Hostess driver and father of four, got to work on Friday when he found out, along with 20 of his co-workers, that it was to be his last day.

"People would work together to keep it going, but I guess not," said Nalls. "Now all of us are out of work."