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Forever 21 reducing work hours due to ObamaCare

(ATLANTA BUSINESS CHRONICLE) -- Forever 21 Inc. is the latest national company to cut employee hours to counter the impact of ObamaCare.

RELATED | Forever 21 among companies that put faith first

Policymic.com reported Forever 21 will limit non-management workers' hours to 29.5 a week, which is a hair below the 30-hour minimum ObamaCare considers full-time employment.

The changes begin Aug. 31, according to the policymic.com story.

RELATED | Insurance premiums could increase under ObamaCare

Gwinnett Chamber holds 2013 Global Trade Summit

Gwinnett Chamber holds 2013 Global Trade Summit

GWINNETT COUNTY, Ga. -- Through their Community and Economic Development Initiative, the Gwinnett County Chamber of Commerce will hold the 2013 Global Trade Summit in August. 

Set for August 13 at 8:30 a.m., Partnership Gwinett and representatives from the Chamber will be on hand to talk about resurces and tools Gwinnett businesses can take advantage of to help enhance international trade opportunities. 

The meeting will be held in the 1st floor Education Room at the Chamber of Commerce, located at 6500 Sugarloaf Parkway. Registration is required, and the meeting is $10 to attend. 

Speakers lined up include: 

Local nonprofits gain grant to help domestic violence victims in Georgia

Local nonprofits gain grant to help domestic violence victims in Georgia

ATLANTA -- The Judicial Council of Georgia Domestic Violence Committee awarded a grant on Friday that will go towards the work of nine nonprofit organizations in and near Atlanta. 

The grant of almost $1.6 million will help bring legal services to around 4,500 people with low income around Georgia who have suffered from domestic violence and are working to bounce back. A spokeswoman for the Judicial Council reported that the funds are given each year to develop domestic violence training and legal services for victims.

According to the spokeswoman, not included are divorces, deportations and other matters which are not related with the victim's safety, along with economic security. 

Ron Hart Named to Barron’s 2013 “Top 100 Financial Advisors”

Ron Hart Named to Barron’s 2013 “Top 100 Financial Advisors”

 

ATLANTA  – Morgan Stanley announced today that Ron Hart, a Managing Director, Wealth Advisor in the Firm’s Atlanta office, has been named to Barron’s annual list of America’s Top 100 Financial Advisors.

The “Barron’s Top 100 Financial Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients. Investment performance is not an explicit criterion.

Bank of America to hold homeowners assistance event

GWINNETT COUNTY, Ga. -- Bank of America will be holding a Homeowner Assistance Event in Duluth for their local customers on Thursday. 

BOA customers will receive face-to-face assistance from specialists who can help evaluate their financial situation and provide them with personally tailored assistance. 

The event will be held at the Gwinnett Center, which is located at 6400 Sugarloaf Parkway in Duluth. 

Those interested in attending the event can register online at Bank of America: Homeowner Event --- or they can call 1-855-201-7426. 

The event is being held on Thursday, Friday and Saturday from 8 a.m. until 8 p.m. Appointments are available between 8 a.m. until 6:30 p.m .

JC Penney ousts CEO Ron Johnson

JC Penney ousts CEO Ron Johnson

NEW YORK -- J.C. Penney is naming Mike Ullman as its new CEO.

He takes over for Ron Johnson, who is leaving the company.

Ullman was head of the Plano, Texas-based department store chain prior to Johnson's appointment to the top spot in an effort to halt the chain's sliding earnings.

Johnson came under pressure after his turnaround strategy failed to win over shoppers. His drastic changes included slashing the number of sales in favor of everyday low prices, bringing in hipper designer brands such as Betsy Johnson and remaking outdated stores.

J.C. Penney shares dropped 42 cents, or 2.7 percent, to $15.45 in after-hours trading.

Belk to leave Gwinnett Place Mall

Belk to leave Gwinnett Place Mall

DULUTH, Ga. -- Belk will leave Gwinnett Place Mall in August, reports the Gwinnett Daily Post.

The paper adds that it was in March 2012 that retail property giant Simon dropped Gwinnett Place as a client.

RELATED | Gwinnett Place foreclosed on for $39M

The Duluth mall, which opened in 1984, has long struggled to compete with Simon properties Sugarloaf Mills and Mall of Georgia, the paper said.

Jessica Graham, Belk's vice president of communications and community relations, said the store made the decision to leave "after carefully evaluating our business plans, competitive position and the financial performance of the store."