Sun05012016

Business & Real Estate

Startup rents out high-end South Asian attire


Alicia Castro/Town Crier
Sumaira Nabeel showcases high-end South Asian attire, available to rent for special events at IndusThreads.com.

Friends of Sumaira Nabeel frequently voice wardrobe envy.

The fashionable Los Altos resident hails from Pakistan, and her collection of vibrantly colored, elaborately embroidered apparel highlights her cultural roots. Now she’s opening an expanded closet to the masses.

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Don't believe everything you believe

Among all the various cognitive biases that cause human beings to think and act irrationally, one of the more insidious ones is known as “confirmation bias.” Simply put, it means we tend to favor information that supports previously existing beliefs and tend to reject anything that does not.

How much of a problem is confirmation bias when it comes to investing, and how can we recognize and avoid it?

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Business Noteworthy

Coldwell Banker names new manager

Coldwell Banker Residential Brokerage recently named veteran realtor Greg Boudreau manager of its Los Altos office.

Boudreau was a top-producing agent before moving into the management ranks for several top Bay Area residential brokerages.

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Golden bows, gatherings shine light on local entrepreneurs


Alicia Castro/Town Crier
Stores and offices run by women entrepreneurs will feature golden bows throughout this month.

Los Altos’ newest business community group, Women Entrepreneurs of Los Altos – known simply as WE Los Altos – celebrated the start of Women’s History Month with a kickoff party March 1 at Honcho beer and wine lounge on First Street.

Female business owners received golden bows at the public event to hang outside their shops and offices throughout March.

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Transactions

Los Altos

1346 Arbor Avenue, Arbor Property Trust to Arbor Avenue Limited for $1,550,000

174 Lyell Street, I. Glazebrook to S. Anwar for $2,550,000

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Lifelong learner gets to the point


Alicia Castro/Town Crier
Panakos Acupuncture Clinic owner Carissa Cheung uses traditional Chinese medicine to help clients recover and maintain good health.

As a practitioner of traditional Chinese medicine, Carissa Cheung has two objectives: educating and healing.

“In addition to introducing Chinese medicine to a wider group of people, I want to improve people’s quality of life,” said the owner of Panakos Acupuncture Clinic, 851 Fremont Ave., Suite 114. “I truly believe that under normal circumstances, we should not need to suffer chronic discomfort.”

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Rally proves unimpressive

By Friday’s close, the Dow Jones industrial average jumped 367 points, or 2.2 percent, to 17,006, and the Standard & Poor’s 500 index rose 52 points, or 2.7 percent. Events have steered the market in a positive direction.

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