Thu05052016

Business & Real Estate

U.S. equities continue falling

The average stock on Standard & Poor’s 500 index is down 10 percent so far in 2016, and trading 26 percent below its 52-week high. After Thursday’s decline, the Dow Jones industrial average closed at 15,660.18, down -254.56.

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Transactions

Los Altos

1070 Mercedes Avenue No. 6, S. Chen to G. & A. Barry for $900,000

569 Orange Avenue, Dodds Trust to W. & C. Hoffenberg for $2,300,000

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Nearing V-Day: Shops stock sweets, treats


Megan V. Winslow/Town Crier
Los Altos resident Ella Roosakos, 11, with her mother, Gail, puzzles over which Gourmet Works sweets to buy as a valentine for Ella’s friend.

The gift-buying rush isn’t exclusive to Christmas. It may jump over January and flirt into February, but retail goes full-throttle as Feb. 14 approaches.

With the frenzy already reaching downtown Los Altos, merchants are recommending that shoppers purchase those Valentine’s Day gifts now.

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Volatile oil still controls stock market

The oil slick was evident again Thursday with volatile pricing on the stock market. Stocks reversed out of early losses to close up 79.92 as oil fluctuated back to $30.

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The return of the tontine: A means to diversify retirement income

Prior to the 1990s, a retiree could typically count on guaranteed income from company pensions lasting until he or she passed away. But by 2015, few private companies still offered them.

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'Where's My Refund?' tool gives taxpayers ability to track status

Taxpayers seeking the status of their refunds now can check on the process using their computers or smartphones.

The IRS, which reportedly issues 90 percent of refunds in under 21 days, offers the “Where’s My Refund?” tracking tool, accessible at IRS.gov/Refunds or via the IRS2Go phone app.

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Transactions

Mountain View

732 Borello Way, L. Rogers to A. Mobasher for $1,755,000

938 Clark Avenue No. 48, E. Lundberg to D. & P. Wadors for $925,000

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