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BRIEFLY

JAPAN AIRLINE DEAL: Japan Airlines and Japan Air System, the country's largest and third-largest airlines, said they would set up a holding company next year, a first step toward merging. It comes weeks after the collapse of several airlines around the globe, including Swissair, Sabena of Belgium and Ansett Australia.

Earnings May Department Stores Co.

The St. Louis parent of Lord & Taylor said earnings for the fiscal quarter ended Nov. 3 dropped 39 percent, but results before one-time charges were in line with Wall Street's expectations.

3rdQtr Year Ago

Revenue $3.2-bil $3.3-bil

Net Income $52-mil $85-mil

Per Share 16 cents 27 cents

DrugMax Inc.

The Largo drug distributor reported positive earnings for the fiscal quarter ended Sept. 30 due in part to a change in accounting rules and a deferred tax asset.

2ndQtr Year Ago

Revenue $66.2-mil $38.8-mil

Net Income $735,466 -$627,610

Per Share 10 cents -10 cents

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