Soddy Bible store closes after 38 years
Frank Copeland is closing the Soddy Bible & Church Supplies store today, after unsuccessfully attempting to sell the 38-year-old business.
"People are shopping on the Internet rather than at local businesses," said Copeland, who sells inspiration products such as Bibles, church supplies and religious gifts. The store is still for sale, Copeland said, but he's looking forward to retirement and doesn't have the energy to start selling supplies online.
He'll spend more time volunteering and building wheelchair ramps in the community, he said. He's built 107 ramps so far.
News Corp splits after Friday close
News Corp. formally split in two after the market closed Friday, with existing shareholders getting one share in the new publishing entity for every four shares they hold in the media company.
Since Wednesday last week, preliminary shares of both sides of the company have been trading as if the split already occurred. Preliminary publishing shares closed Friday at $15.25. The recent trading valued the publishing division, to be named News Corp., at around $8.8 billion. That's about 12 percent of the entire company's value. It had a market capitalization of about $75.5 billion before the split.
The movie and TV division is being renamed Twenty-First Century Fox Inc.
Get breaking news from the Times Free Press on Twitter at www.twitter.com/timesfreepress
related articles »
ArcelorMittal, one of the world's biggest steel and mining companies, announced Thursday it will reopen its facility in Harriman, Tenn., ...
NEW YORK — After a three-month break, attorneys for J.C. Penney Co. and Macy’s Inc. squared off in a New ...
Paula Deen lost another part of her empire on Monday: Smithfield Foods said it is dropping her as a spokeswoman.
NEW YORK — Borders was slow to get the message as the big-box retailer lost book, music and video sales ...