Business Briefs: Southern Living magazine salutes Chickamauga's Cloudland Station

Business Briefs: Southern Living magazine salutes Chickamauga's Cloudland Station

February 26th, 2014 by Staff Reports and Wire Service in Business Around the Region

The Homestead at Cloudland Station in Chickamauga, Ga. The barn was first constructed in 1871 and is being reconstructed and upgraded into a wedding venue.

Southern Living magazine salutes Chickamauga's Cloudland Station

Lifestyle magazine Southern Living has named Cloudland Station, in Chickamauga, Ga., as one of its seven initial Southern Living Inspired Communities.

The neighborhoods across Florida, Georgia, the Carolinas and Tennessee were chosen because they were marked with charm, taste and Southern spirit, according to the magazine.

The Cloudland Station community includes a half-dozen houses on 450 acres, and is growing with both new houses and amenities. The community is focused on outdoor space and has an Old-World feel, with covered bridges and a private town square.

Ralph Boe resigns from Beaulieu

Ralph Boe, who has headed Dalton, Ga.-based carpetmaker Beaulieu of America since June 2007, will step down Friday from the company he led through the worst economic downturn since the Great Depression.

Boe on Tuesday celebrated his retirement with the new team headed by Karel Vercruyssen, who will take over as chief executive of Beaulieu starting next week.

Boe joined Beaulieu in 2001 after working for four years as CEO of Carpets International in the United Kingdom. He has more than 40 years of experience in the carpet and fiber business.

Vercruyssen joined Beaulieu of America in 2013 from Beaulieu of Canada, which he joined in 2007 as CEO. The two leaders have worked as co-CEOs for the last 10 months.

The carpetmaker unveiled a new line of luxury vinyl tile products in late 2013, its first foray into hard flooring.

Bank of America faces new probe

Bank of America is facing new probes into its mortgage practices as well as its foreign exchange business.

The bank, which has already paid out billions of dollars to settle legal claims resulting from the housing and financial crisis, said in a regulatory filing late Tuesday that it was cooperating with government authorities in North America, Europe and Asia.

The bank said authorities are investigating a "significant" number of participants in the foreign exchange markets for their conduct over a number of years.