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Times Staff and Wire Reports

J.C. Penney Co. said its fourth-quarter earnings fell nearly 73%--primarily because of charges resulting from its purchase of several drugstore chains--to $94 million, or 36 cents a share, compared with $326 million, or $1.31, a year ago. . . . Nordstrom Inc.’s fourth-quarter profit fell a bigger-than-expected 21% to $42.8 million, or 53 cents a share, compared with $54.1 million, or 67 cents, a year ago. . . . Shareholders of the grounded Venezuelan airline Viasa agreed to liquidate the company within a year. . . . J.P. Morgan & Co. named former U.S. Sen. Bill Bradley as an advisor on international affairs. . . . A $50-million award to a Missouri woman who accused her supervisor at Wal-Mart of sexually harassing her was cut to $350,000 by a federal appellate court. . . . Fina Oil & Chemical Co. and four of its contractors agreed to spend more than $6 million to settle federal allegations that they damaged about 40 acres of rare marine habitat in Texas. . . . Iron Mountain Inc. said it agreed to buy closely held Safesite Records Management Corp. for $62 million in cash and stock, a transaction that will combine two of the nation’s largest records-storage companies.

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