Fri08012014

News

"Brown is the new green," says local water district


Lina Broydo/Special to the Town Crier
Are downtown Los Altos flower pots getting too much water? The Santa Clara Valley Water District plans to hire “water cops” to discourage overwatering.

The Santa Clara Valley Water District is spending nearl...

Read more:

Loading...

Schools

Foothill camps prepare local students for STEM careers

Foothill camps prepare local students for STEM careers


Photos Ellie Van Houtte/Town Crier
Middle school students make robotic hands using 3-D printers during a STEM Summer Camp at Foothill College.

From designing roller coasters to developing biodegradable plastics, high school students received an i...

Read more:

Loading...

Community

Local entrepreneur opens home to Afghan and Rwandan women

Local entrepreneur opens home to Afghan and Rwandan women


Ellie Van Houtte/Town Crier
Businesswomen Joan Mazimhaka of Rwanda, third from left, and Fakhria Ibrahimi of Afghanistan, in orange, traveled to the U.S. with a 26-woman delegation through the Peace Through Business program.

Employees scoop ice ...

Read more:

Loading...

Comment

Moving on: The Rockey Road

Just over a month ago, we decided to put our house on the market. My husband and I had been tossing around the idea of moving back to the area where we grew up, which is only approximately 40 minutes from here. Of course, Los Altos is a great place t...

Read more:

Loading...

Special Sections

Long live the lawn: Los Altos native offers drought-resistant strategies

Long live the lawn: Los Altos native offers drought-resistant strategies


Bill Steiner’s grass is green, left, even amid the drought. He followed Max Todd’s water and maintainence instructions after having his lawn aerated, Ellie Van Houtte/Town Crier

Green lawns are not necessarily on the endangered list during the d...

Read more:

Loading...

Business

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday


ElLie Van Houtte/ Town Crier
Armed with blow dryers, Halo founder Rosemary Camposano, left, and store manager Nikki Thomas prepare for the blow-dry bar’s grand opening on First Street Monday.

A blow-dry bar is set to open downtown Monday, and i...

Read more:

Loading...

Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

Read more:

Loading...

People

DR. ALFRED HUGHES

Long time Los Altos resident, Dr. Alfred Hughes, died May 1st after a long illness. Dr. Hughes was born in 1927 in Maspeth, NY. He served in the US Army from 1945-6, attended Brooklyn Polytechnic University, then graduated from Reed College in Portla...

Read more:

Loading...

Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

Read more:

Loading...

Stepping Out

'Wizard' winds down at Bus Barn

'Wizard' winds down at Bus Barn


Town Crier file photo
Local actors rehearse a scene from “The Wizard of Oz.”

Los Altos Youth Theatre and Los Altos Stage Company’s collaborative production of “The Wizard of Oz” is slated to close Sunday at Bus Barn Theater, 97 Hillview Ave.

T...

Read more:

Loading...

Spiritual Life

Stanford University appoints new dean for religious life

Stanford University appoints new dean for religious life


Shaw

Stanford University named the Very Rev. Dr. Jane Shaw, dean of Grace Cathedral in San Francisco, its new dean for religious life.

Provost John Etchemendy announced Shaw’s appointment July 21, adding that she also will join the faculty in...

Read more:

Loading...

Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

Read more:

Loading...

Stock market suffers June swoon

The stock market continues to struggle in June, with investors fearing that the Federal Reserve could begin scaling back its aggressive stimulus program. Compounding the anxiety, consumer sentiment is on the wane.

Many investors ignore three key variables when evaluating the health of a bull market: earnings, interest rates and valuations. All three are beginning to look negative.

The bearish view carries some weight. The sudden jump in 10-year Treasury bond yields to 2.2 percent – up from 1.6 percent in early May – has surprised investors and put pressure on defensive stocks with bondlike returns in light of the economy’s strength. In addition, a surprise hike in mortgage rates (4.15 percent last week) threatens to slow a refinancing boom that delivered strong profits for banks over the past few years.

The market’s continued upward climb is likely to become narrower and choppier in the second half of 2013, but stocks still look better than cash or bonds. While it could be harder to make money in U.S. stocks in the second half of the year, many analysts think it is still too early to sell.

It is worth noting that many analysts consider the full-year targets for the Dow and the S&P comparably bearish, and predict a 15 percent decline from current levels to 12,969 and 1348, respectively.

Two Town Crier “50” stocks made the news last week.

• Safeway Inc. (SWY; $24.24) announced last week that it plans to sell its Canadian Safeway operations to food retailer Sobeys for $5.8 billion. The deal includes 213 Safeway markets, 52 fuel stations, 10 liquor stores and four distribution centers.

Safeway plans to use the money to repay $2 billion of its debt. The company will use the bulk of the remainder to purchase shares.

Zacks Equity Research reports that Safeway will be left with $0.8 billion of authorization to buy back shares, and shareholders should anticipate attractive returns in the near future.

The Pleasanton-based company operates stores under its own name as well as the Vons chain in Southern California and Tom Thumb in Texas. Locally, a new super Safeway recently opened at The Village at San Antonio Center in Mountain View, and a new podium-style store in Los Altos is scheduled for construction this summer.

Safeway’s upgrade and downgrade history has not been ideal for investors, with most analysts calling the stock “underweight” and recommending a hold. The mean target price is $24.07, with a high of $30.

• Hewlett-Packard Co. (HPQ; $25.13) reported an increase in share price last week, even as the Dow declined.

In a CNBC segment June 12, CEO Meg Whitman reported that the company’s turnaround is proceeding ahead of schedule. While admitting that HP has a long way to go before digging itself entirely out of the hole, Whitman said revenue growth is possible this year. Since December, the company’s growth has added more than $20 billion in value to shareholders.

HP faces the challenge of identifying growth opportunities when consumers appear less inclined to purchase its computers and printers. Sales of all product lines declined last quarter, but the company is building up non-PC divisions such as cloud computing and servers.

Among Forbes Magazine analysts, one deems HP stock a buy, with five others recommending that investors sell their shares. Other analysts suggest holding the stock.

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos