Tue02092016

Business & Real Estate

Los Altos entrepreneur starts in the kitchen


Courtesy of Laura Ivy
Los Altos resident Laura Ivy invented the Kitchenwise Skrub, a knife-cleaning tool that aims to keep food preparation injury-free.

Los Altos resident Laura Ivy grew up in the kitchen, cooking with her mom and grandparents, and now she continues the tradition with her three daughters.

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Look for more stock uncertainty

U.S. Federal Reserve officials opted not to hike interest rates last week, citing global uncertainty and market volatility concerns. Investors, however, were looking for clarity.

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Transactions

Los Altos

308 Blue Oak Lane, W. Beck to Bugg Trust for $3,375,000

4388 El Camino Real No. 288, C. Collins to S. Kwak for $805,000

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Does rebalancing your portfolio really work?

You’ve probably heard that you should periodically rebalance your investment portfolio. That means selling assets from asset classes that currently exceed your target allocation and buying more in asset classes that lag to maintain your target allocation over time. The presumed benefit is higher returns, reduced portfolio risk, or both.

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BBB warns of two phishing scams

The Better Business Bureau warns residents of two online scams aimed at gathering personal information. One involves Google Docs and the other Dropbox.

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Keeping a keen eye on local style


Alicia Castro/Town Crier
Simone Tregon, owner of Cambric Ltd., has maintained a solid downtown business by knowing her customers.

For one downtown clothing retailer, staying ahead of industry trends has meant one thing: knowing her customers.

“Being here so long, buying is instinctive to me,” said Simone Tregon of Cambric Ltd., celebrating a quarter-century in business this week. “I know what women are wearing.”

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Investors await Fed's move

The Dow Jones industrial average closed up 2 percent last week, but investors anxiously await the U.S. Federal Reserve’s policy meeting, scheduled today and Thursday. Investor anxiety has risen because of the impending decision on whether to raise short-term interest rates.

Jeffrey Yoakum of Pacific Wealth Advisors in Palo Alto noted that the Beige Book – a qualitative assessment of the U.S. economy and the 12 Federal Reserve Districts – suggests that the U.S. economy is still growing at or above its long-term trend.

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