Business & Real Estate

Earnings drag down Dow

It was a hectic week – major averages fell more than 2 percent and the Dow Jones industrial average dropped nearly 3 percent, with commodities around the world getting crushed and affecting quarterly earnings.

Gold prices tumbled to a five-year low and U.S. oil prices dipped below $50 a barrel for the first time in three months. The U.S. dollar hit its highest level in three months, prompting increases in oil and gold prices.



Los Altos

356 Alicia Way, O. & M. Rye to M. & A. Bhagavat for $2,575,000

634 Cuesta Drive, Q. Wu to A. Gu for $2,350,000


PAMF debuts cosmetic surgery center

John Ho/Special to the Town Crier
The Palo Alto Medical Foundation Center for Cosmetic Surgery at 715 Altos Oaks Drive is the organization’s first center focused solely on cosmetic procedures.

Los Altos’ newest medical office – the Palo Alto Medical Foundation Center for Cosmetic Surgery – may look great on the outside, but it’s what’s on the inside that counts.

“The design of the building was very intentional,” said Ben Maser, M.D., a plastic surgeon. “We wanted to keep it light. We wanted to be respectful of neighbors. The building has function in mind, but whenever we do one of these projects, we put safety and quality first.”


Dow increases as fears fade

The Dow Jones industrial average rose 2 percent last week as worries about Greece and China faded and Wall Street’s attention shifted to the earnings-reporting season.



Los Altos

544 Cherry Avenue, Cherry Avenue Limited to S. & M. Cutler for $6,549,000

1911 Colleen Drive, Spiritu Sanctu to Boyd Trust for $2,070,000


New Los Altos clinic focuses on supporting adults with ADHD

Becky Remmel/Special to the Town Crier
Phil Boissiere, from left, Dr. Lawrence Choy and Dr. Zaakir Yoonas co-founded Elite Focus Clinic.

While Silicon Valley has earned a reputation as a home for innovators and entrepreneurs, the co-founders of Elite Focus Clinic in Los Altos believe that some of the area’s brightest minds suffer from attention deficit hyperactivity disorder – and they’re here to help.

“You look at the people who come here – visionaries, creative types, people who really have big ideas – and there’s a correlation between creative aspects and aspects of ADHD,” said Zaakir Yoonas, M.D.


Look for another wild week

The Dow Jones industrial average finished up 0.2 percent last week following Friday’s 211.79-point rally.

Last week started ugly for investors, with a computer glitch shutting down the New York Stock Exchange for several hours, United Airlines grounding its planes, Greece failing to agree to anything, China losing market stature and a 10 percent quick correction hitting the U.S. market.


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