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Earnings Report

Sales rise sharply at Brown-Forman in 4Q but profit down

Brown-Forman Corp. on Wednesday reported yearlong net sales growth across its spirits lineup — including its flagship Jack Daniel's Tennessee Whiskey brand — but said fourth-quarter earnings declined due to costs associated with the creation of a charitable foundation and operating expenses.

Sears 1Q revenue falls 31%

Sears reversed direction in the first quarter, reporting a loss where it had a profit a year ago.