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Business

N.J. Investors Are a Worried Lot

New Jersey investors are Debbie Downers on the economy and their investment portfolios compared with their New York counterparts, a new survey shows.

Economist Upbeat About Recovery

Wells Fargo economist Jim Paulsen doesn't agree with critics of the U.S. economic recovery.

Large Fine Sought for Debt Adjusting Company

Wisconsin's debt-laden consumers paid a California company more than $8 million to settle less than $4 million in debt in a fee-and-payback arrangement a state administrative law judge decided Thursday is illegal and requires a hefty fine and restitution to resolve.

Trade Highlighted Over Security for U.S., Mexico

Presidents Barack Obama of the U.S. and Enrique Pena Nieto of Mexico emphasized trade Thursday in a push for broader cooperation beyond the immigration and security issues that have long dominated relations between the countries.

Duke Energy Earnings Helped by Weather, Rates

Duke Energy earned $634 million in the first quarter of 2013, boosted by colder winter weather and higher customer rates in the Carolinas.

Lujan Urges Use of Lab Experts to Boost N.M. Economy

New Mexico can get better use from the expertise at the state's national laboratories and expand manufacturing capacity to help boost its economy, U.S. Rep. Ben Ray Lujan told the Greater Albuquerque Chamber of Commerce on Thursday.

LinkedIn Shares Plunge After 1Q Earnings Release

LinkedIn Corp. has consistently beat Wall Street expectations since its initial public stock offering two years ago.

Kraft Earnings Beat Expectations

Kraft Foods Group topped expectations for first quarter earnings Thursday, despite costs related to its spin-off.

Facebook Gets a Goose From Mobile Ads

Social media network Facebook is making strides with its mobile business, which counted for nearly one of every three of its ad dollars last quarter.

Warren Buffett Hires 4 AIG Execs

Warren Buffett has hired four executives from AIG to help Berkshire Hathaway grow its commercial-insurance operations.

Hedge Fund Manager Admits to Fraud

A North Carolina hedge fund manager has agreed to plead guilty to securities fraud for hiding investment losses that cost his victims at least $8.9 million, court documents show.

Einhorn Gored by Gold

David Einhorn took a hit in the back pocket as gold, one of his favorite holdings, lost its shine last month, putting his Greenlight Capital fund in the red.

Productivity Got a Bump in First Quarter

Nonfarm labor productivity rose during the first quarter of 2013 at an annual rate of 0.7 percent, the U.S. Bureau of Labor Statistics said Thursday.

Frontier to Charge for Carry-ons, Drinks

Starting this summer, Frontier Airlines customers buying tickets through sites like Travelocity and Expedia will have to pay for carry-on bags and beverages.

Fox Veteran Peter Levinsohn Named Universal Studios President

Longtime digital media veteran Peter Levinsohn will join Universal Pictures as president and chief distribution officer, overseeing worldwide home entertainment, new media and digital strategy and international and domestic television distribution.