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Madoff Beach House Sells Big

Madoff beach house sells big
The Ponzi swindler’s Montauk getaway goes to a mystery buyer for more than its $8.75 million list price.

NEW YORK (Fortune) — It looks like Fed chief Ben Bernanke is right in saying the recession is ending: Today, Tiffany’s & Co. advertised a $115,000 diamond and platinum bracelet in its page three [...]

New Homes Sales Rise 4.7%

New-Home Sales Rise 4.7%

Source: Wall Street Journal

Sales of new homes rose in February for the first time in seven months, the Commerce Department reported Wednesday, another sign that the housing market is thawing.

The increase was fueled by higher activity in the South and West, where deals on foreclosures and other “distressed” properties, particularly in [...]