Thu03052015

Business & Real Estate

Ukraine unrest upsets stocks again

Stocks fell big-time Friday, erasing three days of gains on the Dow Jones industrial average after Ukrainian forces engaged a Russian armored column on Ukrainian land. The Dow plummeted more than 100 points before noon.

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Transactions

Los Altos

1932 Alford Avenue, Marietta Trust to B. & M. Po for $1,700,000

10 Alma Court, Burrill Enterprises to C. & A. Ing for $2,660,000

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Does recent SEC action make money market funds riskier?

Editor’s note: This is the first in a two-part series on money market funds.

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Torrey Pines Bank names regional president


Ellie Van Houtte/Town Crier
Torrey Pines Bank recently named Fred Voss its regional president for the Bay Area. The bank has branches at 20 First St. in Los Altos, above, and in Oakland and Southern California.

Torrey Pines Bank last week appointed Fred Voss regional president of the San Francisco Bay Area market.

Voss will be responsible for growing the bank’s market share in the Bay Area, and will lead area teams in providing commercial banking services for growth-oriented business owners, real estate investors and professionals. Voss is a 25-year banking industry veteran with senior-level experience in business banking, commercial lending and relationship development.

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Feeling confused by the stock market?

There is still a lot of trepidation in the stock market. The Dow Jones industrial average dropped 317 points Thursday for the biggest one-day loss since February. On the other hand, the economy is in a good position and the earnings season behind us has been mostly positive.

To add to the confusion, most stocks rose Friday as investors weighed the implications of the U.S. military strike against insurgents in Iraq along with rising tensions in the Russian-Ukraine situation. Solid earnings reports have countered the uncertainty in Ukraine and kept the major averages near all-time highs. Even the Federal Reserve has helped by delaying a move to hike interest rates.

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Transactions

Los Altos

735 Alvina Court, Green Trust to A. Ramani for $2,300,000

10554 Creston Drive, Navone Trust to R. & S. Sajja for $1,800,000

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Don't give in to the market decline

Blame the current stock market downturn on the Kiplinger Letter. In its July 25 business edition, Kiplinger said to prepare for a 10-20 percent stock market drop – and last Thursday and Friday the Dow Jones industrial average plummeted 387 points.

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