Thu07312014

Business & Real Estate

Gain tax credits for summer child care

Many parents pay for child care or day camps in the summer while they work. Those costs may qualify for a federal tax credit.

The Internal Revenue Service provided the following facts about the Child and Dependent Care Credit.

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Transactions

Los Altos

672 Orange Avenue, C. & S. Ferguson to Stevens Creek Limited for $2,200,000

580 Rosita Avenue, W. Kammerer to H. Jia for $2,150,000

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State Street jeweler to close its doors


Ellie Van Houtte/
JB&B Jewelers owner Cynthia Zirpolo, right, assists customers last week. Zirpolo is closing her State Street shop after nearly five years to focus on other business endeavors. Town Crier

Cynthia Zirpolo is bidding farewell to downtown Los Altos.

The owner of JB&B Jewelers at 239 State St., Zirpolo told the Town Crier that she’s closing her jewelry shop following the annual Los Altos Arts & Wine Festival in July to focus on other business matters. She declined to elaborate further on her future plans.

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Checking stocks in down market

We’ve all had that gut-clenching feeling when we check our stocks and the market is down more than 100 points. Scanning the headlines for more information is a common practice if we’re concerned and thinking of making a move.

However, the most common complaint about the stock market in recent days has been dullness. Even after the Dow Jones industrial average fell more than 100 points on two days last week, we expected to see some life sooner or later.

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Transactions

Los Altos

510 Alicia Way, J. & M. Moon to A. & M. Narasimha for $2,450,000

881 Parma Way, X. Huo to A. Chung for $3,650,000

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Stylist celebrates 15 years in Los Altos


Ellie Van Houtte/Town Crier
Eric Ringo opened his business at 349 Plaza South 15 years ago after working for a salon in Palo Alto for nearly 10 years.

When hair stylist Eric Ringo opened his salon in June 2000, he didn’t look too far into the future.

Fresh off a near decade-long stint working as a hired stylist in a now-defunct Palo Alto salon, Ringo was simply inspired by the idea of opening a business and growing it into something he could call his own.

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Record highs keep on coming

Last week resulted in another good run for the market. Thursday ended with record highs, with the Dow Jones industrial average up nearly 0.60 percent, the Nasdaq up 1.05 percent and the S&P 500 index up 0.65 percent. By noon Friday, more records shattered as the Dow edged up another 0.40 percent.

With the indexes reaching all-time highs, the majority money opinion is positive, but investors’ enthusiasm may be exhausted and a correction could be coming.

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