09252016Sun
Last updateTue, 27 Sep 2016 5pm

Market receives gift from Japan

We live in a global economy. At one point last week, the Standard & Poor’s 500 index loss for 2016 reached 11 percent. However, investors became happy overnight when the Bank of Japan unexpectedly cut interest rates below zero to stimulate the Japanese economy, and the S&P recovered to end January down only 5 percent.


Business Briefs

MV prepares for super business

Participating Mountain View businesses will offer special deals through Sunday as part of Chamber of Commerce Mountain View and the Central Business Association’s Super Bowl 50 festivities.

During game week, black and gold posters denote participating businesses.

Transactions

Los Altos

10490 W. Loyola Drive, Johnson Trust to West Loyola Drive Limited for $2,500,000

Mountain View

219 Carmelita Drive, Williamson Trust to Canyongate Bay for $1,820,000

City's new business liaison looks to boost local economy


Megan V. Winslow/Town Crier
Jennifer Quinn, Los Altos’ new economic development manager, has spent the past seven months becoming acquainted with local business owners and developing programs to support their work.

Jennifer Quinn wants to know what drives Los Altos’ economy.

For the past seven months, the city’s new economic development manager has taken steps to learn the landscape.

Earnings determine stock moves

With the Dow Jones industrial average in a bearish state, investors should take a more cautious approach to the stock market in 2016. Fourth-quarter earnings season begins with the average U.S stock down more than 10 percent since Dec. 29.


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