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Home sales in Norheast fall by 20%; Ann Arbor newspaper to fold; Candy sales increase; New business for private investigators; Slowest residential turnover since the 1940s

Home sales in Norheast fall by 20%Home sales in the Northeast tumbled nearly 20 percent in February from last year, the biggest drop in the country. While the West Coast is getting a sales boost from heavily discounted foreclosures, the Northeast housing market, which has fewer distressed sales, is withering under the national recession and job losses.Associated Press

Ann Arbor newspaper to foldThe Ann Arbor, Mich., News announced this week it would publish its last print edition in July. Since January 2008, at least 120 U.S. newspapers have gone under.CNN.com

Candy sales increaseCandy makers and retailers have found a sweet spot in hard times. Cadbury and Nestlé posted double-digit profit gains last year on increased candy sales, and candy stores nationwide are seeing a pickup in business. The New York Times

New business for private investigators In the wake of the Madoff Ponzi-scheme scandal, private investigators are being flooded with requests for background checks of money managers. “Investors are being more careful where they put their money,” says hedge-fund gumshoe Pete Turecek of Kroll Inc.Bloomberg.com

Slowest residential turnover since the 1940sWith credit frozen and jobs disappearing, only 11.9 percent of Americans moved to a new residence in 2008, the slowest turnover rate since such records began to be compiled, in the 1940s.The Economist

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