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Brian Frank named to Barron’s Top 1,200 Financial Advisors

Brian Frank named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced today that Brian Frank, Managing Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 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.

“I am extremely proud that Brian Frank is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

Graham Roberts named to Barron’s Top 1,200 Financial Advisors

Graham Roberts named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced that Graham Roberts, Executive Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 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.

“I am extremely proud that Graham Roberts is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

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.

Bill Gates is world's richest person, again

(USA TODAY) -- Bill Gates is back on top as the world's richest person, according to Forbes magazine's latest ranking of billionaires.

Microsoft co-founder Gates took the crown from Carlos Slim Helu, who had been the world's richest for the previous four years. Investing guru Warren Buffett is No. 4.

The magazine pegs Gates' net worth at $76 billion. That's up from $67 billion in 2013.

Slim, a Mexico telecom titan, is close behind at $72 billion. He lost $1 billion from last year.

Third richest is Amancio Ortega of Spain, founder of the Zara clothing retailer, with a net worth of $64 billion.

Next is Buffett. The "Oracle of Omaha" has $58.2 billion, Forbes says.

Eight Georgians are among the world's richest. Anne Cox Chambers, the 94-year-old daughter of Cox Enterprises founder James M. Cox, is No. 58 with a net worth of $15.5 billion.

Best Buy to cut hundreds of jobs

(BUSINESS JOURNAL) -- Best Buy Co. Inc. plans to cut hundreds of jobs throughout its U.S. store operations, according to a report in the New York Post.

The article, citing anonymous insiders, says the "layoffs could affect upwards of 2,000 managers," though the exact scope isn't known. The retailer does not plan to close any of its 1,055 U.S. stores at this time.

Best Buy, which reports its fourth-quarter earnings on Thursday, declined to comment. The chain has 19 stores in metro Atlanta.

Late last month, Best Buy announced it was laying off roughly 950 full-time employees at its Best Buy and Future Shop stores in Canada as part of a store-restructuring initiative. The company said it will consolidate sales departments and reduce management layers in an effort to "streamline its store operating model as part of the company's long-term growth strategy in Canada."

6 Ga. companies among world's top 500 brands

ATLANTA -- Six Georgia companies made Brand Finance's annual directory of the world's 500 most valuable brands.

The Coca-Cola Co. moved down three spots to No. 12 on the list with a brand value of $33.7 billion.

The Home Depot Inc. dropped seven places to No. 25 with a value of $24.3 billion.

United Parcel Service Inc. moved up one spot to No. 48. It is valued at $19.4 billion and is the only package delivery, freight and logistics services provider to make the top 50.

Delta Air Lines Inc. landed at No. 286, up a whopping 83 places. Its brand value is $4.7 billion.

Southern Co. generated a ranking of 341 with a brand value of $4.1 billion. It is down 21 spots from last year.

Aflac Inc. is ranked No. 486, down 15 spots. It boasts a brand value of $3.1 billion.

London-based Brand Finance started ranking global brands in 2007.

Jos. A. Bank buying Eddie Bauer in $850M deal

Jos. A. Bank buying Eddie Bauer in $850M deal

HAMPSTEAD, Md. -- Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $850 million.

The men's clothing company, which itself is being pursued by Men's Wearhouse Inc., made the deal with Everest Topco LLC to buy Everest Holdings LLC, Eddie Bauer's parent company.

Jos. A. Bank said Friday that the transaction includes $564 million in cash and about 4.7 million new shares of Jos. A. Bank stock issued to Everest Topco at $56 per share.

Everest Topco may also earn up to an additional $50 million in cash based on Eddie Bauer's adjusted earnings for fiscal 2014.

Jos. A. Bank may end the deal if it receives an acquisition offer for its company that it feels is superior.