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Profits Seen Boosting Jobs as Earnings Grow Most Since 1940s

Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.

Earnings will climb an average 10 percent a year through 2013, more than three times quicker than the economy, after what has already been the fastest rebound since the late 1940s, JPMorgan Chase & Co. projects. In mounting signs of confidence, Macy’s Inc. has raised its annual profit forecast, Intel Corp. and Target Corp. increased dividends and DuPont Co. plans to invest more than $500 million to boost production.