Sat11222014

Business & Real Estate

Corporate earnings drive up market

U.S. corporate earnings continue to beat expectations as Wall Street stocks climbed more than 1 percent last week.

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Transactions

Los Altos

1260 Carmel Terrace, Kapany Trust to R. & E. Guy for $3,800,000

430 Lassen Street No. 1, Gullickson Trust to M. Selden for $1,280,000

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New shop offers haute couture for girls


Ellie Van Houtte/Town Crier
The Girls @ Los Altos at 239 State St. offers clothing lines such as Nellystella as well as toys and other items for girls.

Cecilia Chen opened The Girls @ Los Altos as a tribute to the party dress. Whether it’s for a birthday party, a role as flower girl or a concert performance, Bay Area girls like her daughter like to dress up – and Chen saw a lack of comfortable places for young girls to try on fancy clothing in a cozy setting.

Chen built a “kids’ corner” in her shop at 239 State St. with sofas, bookshelves and toys for young people to kick back and relax. A big wooden toy house set up as a playspace sits along one wall.

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Market volatility works both ways

Volatility in the stock market can be scary, especially on the downside we experienced last week. But when the market trends upward – as it did Friday by more than 300 points – it’s easier to keep a level head amid the turmoil.

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Transactions

Los Altos

54 Citation Drive, B. & S. McKibben to Clifton Trust for $1,320,000

1536 Country Club Drive, McCarver Trust to Dempsey Trust for $5,500,000

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Delay Social Security? An easy way to decide

One of the most heatedly debated questions regarding Social Security is when to start.

You have the option of initiating benefits as early as age 62 or as late as age 70. The longer you wait, the larger the monthly payment you will receive over your lifetime.

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Stock market hits worrisome stage

October is traditionally the stock market’s most volatile month.

Last week proved a wild ride for investors as the Dow Jones industrial average experienced its biggest drop of the year. The 334-point decrease came after the Dow celebrated its largest gain of the year. By noon Friday, the market regained some stability.

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