07302016Sat
Last updateWed, 27 Jul 2016 10am

Stocks still in volatile mood

Last week’s first four trading days showed the Dow Jones industrial stocks up 4.9 percent, but by Friday the oil turned slippery again, perhaps prompting investors to question why they are still in the stock market.


Business Noteworthy

LA resident to lead Kauffman program

The Ewing Marion Kauffman Foundation appointed Los Altos resident Victor W. Hwang to lead its entrepreneurship programming. He will relocate to Kansas City to begin work Monday.

Hwang was co-founder and CEO of Liquidity, co-founder and CEO of T2 Venture Creation, executive director of the Global Innovation Summit and past president of the Larta Institute.

New signs point to boost in commerce


Town Crier File Photo
Los Altos officials and business leaders hope new signage throughout the city will draw intrigued motorists to the seven commercial districts.

As housing, development and traffic increase in and around Los Altos, business advocates hope new wayfinding signs will draw more potential patrons to the city’s commercial districts.

“These signs are not so much for our residents. They’re for our visitors – people who are trying to find us, people who we’d like to find us,” said Chamber of Commerce Executive Director Julie Rose.

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.

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

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.

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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