Business & Real Estate

FTB sends letters to 2013 earners who failed to file tax returns

The more than 1 million California residents who earned money in 2013 but failed to file a state income tax return will soon hear from the state, according to Franchise Tax Board officials.

Since the 1950s, the Franchise Tax Board has contacted people via letter who earned income in California but did not file a tax return. The letters are sent throughout the year, starting in January. Last year, the Tax Board reported collecting more than $715 million through such efforts.


Edward Jones ranks high on Fortune’s Best Companies list

Financial services firm Edward Jones recently ranked No. 6 on Fortune Magazine’s “100 Best Companies to Work For 2015.”

Edward Jones made the list for the 16th time, according to Cynthia Wemyss, financial adviser at the Edward Jones office at 339 S. San Antonio Road in Los Altos.


Los Altos sister-duo raises the barre

courtesy of Barre3
Los Altos businesswomen and sisters Megan Wilson, left, and Gillian Brotherson bring wellness to the forefront at barre3 Los Altos, a new fitness studio that combines ballet, yoga and Pilates.

Two Los Altos natives combined their passions for wellness and dance to open a new business, barre 3 Los Altos, in their hometown last week.

As part of the national barre3 workout franchise, sisters Gillian Brotherson and Megan Wilson launched the Los Altos studio at 4758 El Camino Real less than a year after Wilson opened the successful barre3 Willow Glen. The signature workouts blend ballet, yoga and Pilates for low-impact, high-octane fitness routines.


Corporate Q1 earnings look negative

Stocks snapped a two-day losing streak Thursday as investors digested economic data and prepared for Friday’s jobs report. The news of an accord between Iran and major world powers helped settle the market, which was closed Friday.

History reveals that when the market shutters on Good Friday, the following Monday is historically the S&P 500’s worst post-holiday trading session. Investors focused on the monthly jobs report as the key indicator for the timing of a U.S. Federal Reserve interest-rate increase.



Los Altos & Los Altos Hills

100 First Street No. 308, Los Altos 8 Limited to First Street Limited for $1,791,000


First Street's 'Fort Knox' up for sale

Megan V. Winslow/Town Crier
The Los Altos Vault and Safe Deposit Co. is on the market for $4.5 million. Its fortified steel and concrete structure has been compared to the U.S. Federal Reserve’s gold depository.

A downtown Los Altos structure “built like Fort Knox” is up for sale – with an asking price of $4.5 million.

The Los Altos Vault and Safe Deposit Co. at 121 First St. hit the commercial real estate market March 18. On its website, the company compares the fortified steel and concrete structure to Fort Knox – the U.S. Federal Reserve’s super-secure gold depository in Kentucky. Online real estate listings suggest that the buyer could use the site for housing, a restaurant or a banking service project.


A summer stock correction

After a four-day losing streak, it was encouraging to see the market move back into positive territory Friday morning. Despite the advance, stocks were still set for a weekly loss.

Of concern to investors are potential interest-rate hikes, declining corporate profits and rising geopolitical tensions in the Far East that have weighed down stocks.


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