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Jesse Walton Jr. receives promotion at Morgan Stanley Wealth Management

Jesse Walton Jr. receives promotion at Morgan Stanley Wealth Management

ALPHARETTA, Ga. -- Morgan Stanley announced that Mr. Jesse Walton Jr. has been promoted to Vice President, Financial Advisor, CFP® CIMA®, in the firm’s Wealth Management office in Alpharetta.

Walton, who has been with Morgan Stanley Wealth Management since 2000, is a native of Decatur, Ga.  He holds a Bachelor’s in International Business degree from Howard University. Jesse currently lives in Marietta with his wife, Angela and son, Bryce.

Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, banking services, annuities and insurance, retirement and trust services. For further information about Morgan Stanley, please visit www.morganstanley.com.

Garret Lazenby named principal at Sterling Risk Advisors

Garret Lazenby named principal at Sterling Risk Advisors

DECATUR, Ga. -- Garret Lazenby has been admitted as a shareholder and principal at Sterling Risk Advisors, an Atlanta-based risk management and insurance brokerage firm. The announcement comes in recognition of his tremendous contributions since joining the firm in 2011.

Lazenby’s skills include a broad range of insurance solutions for professionals, general commercial business, community associations, and individuals. He helps lead the transportation, logistics, and supply chain practice for Sterling Risk Advisors.

His areas of expertise include:

● Trucking/Freight Forwarding/Customs Brokerage/NVOCC
● Warehousing and Logistics
● Freight Brokerage
● Supply Chain (Manufacturers, Distributors, Wholesalers, and Retail)
● International Business
● Real Estate
● Construction
● Contract Negotiation

Lennar, Sterling buy North DeKalb Mall

Lennar, Sterling buy North DeKalb Mall

(ATLANTA BUSINESS CHRONICLE) -- Lennar Commercial Investors LLC teamed with Sterling Organization to buy North DeKalb Mall for an undisclosed sum.

The development team, which also includes Atlanta-based Hendon Properties, plans to convert the enclosed portion of the property to an open-air concept. Lennar and Sterling acquired ownership interest in the property and Sterling will manage the center. Timing on the redevelopment has not been set.

New $2.5 million Sarah Kenan Kennedy Endowment Fund supports AADD

New $2.5 million Sarah Kenan Kennedy Endowment Fund supports AADD

DECATUR, Ga. -- All About Developmental Disabilities (AADD) has announced the establishment of the Sarah Kenan Kennedy Endowment Fund, a new $2.5 million gift to the nonprofit organization. The endowment will fund in perpetuity programs at AADD (www.aadd.org) for those individuals and families that do not have the financial resources to access services provided by AADD. It was created by Sarah’s husband, Jim Kennedy, chairman of Cox Enterprises, in honor of his wife’s volunteering and commitment to the organization.

The endowment is the largest ever gift to AADD, which provides support services, advocacy and training to Georgia families living with developmental disabilities.  Funds from the endowment will support services and programs to families who cannot afford services and do not have state funded waivers to purchase services.  In 2015 it will fund two full-time positions at AADD and help more than 500 families who live independently in the community.

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

13 Ga. bars make 100 Best Bars list

13 Ga. bars make 100 Best Bars list

(ATLANTA BUSINESS CHRONICLE) -- Thirteen Georgia bars have made Southern Living magazine's list of 100 Best Bars in the South.

Says Southern Living, "We sipped our way through the South to compile a list of our 100 favorite Southern bars. From down-and-dirty dives to sleek and buzzy cocktail lounges, these spots are sure to liven up any Friday night."

Georgia bars on the list are:

* The National, Athens
* Normal Bar, Athens
* The World Famous, Athens
* Argosy, Atlanta
* The Brookhouse Pub, Atlanta
* H. Harper Station, Atlanta
* Monday Night Brewing, Atlanta
* One Flew South, Atlanta
* The St. Regis Bar, Atlanta
* Kimball House, Decatur
* Paper Plane, Decatur
* Pinkie Master's Lounge, Savannah
* The Sparetime, Savannah