Wed09022015

Business & Real Estate

Transactions

Los Altos

100 First Street No. 101, Los Altos8 Limited to I. & D. Plut for $1,399,000

100 First Street No. 213, Los Altos8 Limited to A. Mort for $390,000

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Thai Silks shutters Los Altos store this month


Megan V. Winslow/Town Crier
After more than 50 years in business in downtown Los Altos, Thai Silks is closing up shop at 252 State St. by the end of the month. The store will continue to offer its inventory online and via phone.

A longtime downtown business is leaving Los Altos.

Thai Silks, established in 1964, is scheduled to close its store at 252 State St. by the end of the month and continue as an online and over-the-phone business.

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Timing the market is risky

The Dow Jones industrial average rose slightly last week, primarily because the U.S. Federal Reserve indicated that interest-rate increases might come slower than previously thought. But the financial crisis in Greece – including the country’s debt load and rocky relationship with the eurozone – continues to burden Wall Street.

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Transactions

100 First Street No. 101, Los Altos8 Limited to I. & D. Plut for $1,399,000

100 First Street No. 213, Los Altos8 Limited to A. Mort for $390,000

Read more...

Local company offers children keys to 'Embark' on careers in coding


Photo Courtesy of Embark Labs
Children participate in Embark Lab’s Google Spring Academy.

Embark Labs has embarked on a new path for teaching children computer science.

The Peninsula-based company, founded in November by Jessie Arora, works with children – some as young as 6 years old – using a project-based approach. Los Altos native Brian Van Dyck is Embark’s director of curriculum and instruction.

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Another flat week for Dow

Stocks fell in another seesaw week, erasing any weekly gains on fears that Greece won’t reach a debt deal.

Investors are staying on the sidelines until the U.S. Federal Reserve meets this week. Investors are edgy and hope that the meeting will provide clues on the timing of an interest-rate hike. An increase in rates will tighten the flow of easy money and raise borrowing costs for companies.

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Delaying homeownership could cost would-be buyers thousands over time

If you’re thinking of buying a home but hesitating, each year you delay could mean a loss in financial benefits over the long term, even in high-cost places like California.

With interest rates and home prices expected to climb in the next year, potential buyers who choose to remain on the sidelines for even a year could lose thousands of dollars in financial benefits over a 30-year time horizon, according to new data.

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