Wed09022015

Business & Real Estate

Sell in May and go away?

While last week ended on a high note, it was a rough-and-tumble period for Wall Street. The recent volatility is a reflection of how nervous investors are – they’re expecting a correction and don’t want to get caught when the music stops.

Sell in May and go away? It’s an old English custom to get out of the market until the movers and shakers return after horse-racing season.

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Business Briefs


Courtesy of Hidden Villa
Hidden Villa simplifies produce purchases.

Hidden Villa offers seasonal produce

Hidden Villa’s Community Supported Agriculture (CSA) Program supplies organic produce from the Los Altos Hills preserve.

Local residents can sign up to receive weekly boxes of seasonal fruits and vegetables from mid-May through Thanksgiving. Participants pick up their produce at Hidden Villa or one of the farm’s drop-off locations in Los Altos, Mountain View or Palo Alto.

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Transactions

Los Altos/Los Altos Hills

12012 Adobe Creek Lodge Road, H. Williamson to N. Kokemohr for $6,100,000

1531 Awalt Court, R. & C. Cantwell to H. Li for $3,052,500

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Pharmaca celebrates grand opening over weekend


Megan V. Winslow/Town Crier
Pharmaca is coming to 400 Main St. with a grand-opening celebration scheduled Saturday and Sunday.

If natural health and beauty products are your cup of tea, expect to find them – and hot tea – this weekend at the grand opening of downtown Los Altos’ newest business.

Pharmaca Integrative Pharmacy is scheduled to open its 30th store, located at 400 First St., with celebratory freebies Saturday and Sunday.

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Investors eye quarterly earnings reports

Investors are watching quarterly earnings for a possible breakout to record Dow Jones industrial average highs. However, one Town Crier “50” company’s earnings didn’t help the bottom line much Thursday.

Yahoo Inc. (YHOO; $43.70) reported results for the quarter ending March 31 last week, with earnings totaling $21.2 million, or 2 cents per share, on sales of $1.2 billion.

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Physical therapist brings business background to new Los Altos clinic

BIZ Strive03 fmt
Courtesy of Eliza Snow
Strive owner Robert Abrams, kneeling, runs a balance test.

With more than a dozen physical therapy clinics in Los Altos, one new business owner streamlined his approach in an effort to set his practice apart.

“I always wanted to have a clinic that focused on extremities and sports therapies,” said Robert Abrams, owner of Strive Physical Therapy. “I know other clinics aren’t doing this.”

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Investors looking for positive earnings

After rallying nearly 2 percent in the past two weeks, the agony over Friday’s market sell-off could net positive results. A deluge of earnings reports from major corporations this week will determine the market’s direction.

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