12132017Wed
Last updateTue, 12 Dec 2017 4pm

LAH couple donates $50M to Iowa State business school


Courtesy of Iowa State University College of Business
Los Altos Hills residents Jerry and Debbie Ivy donated $50 million to the Iowa State University College of Business. Their gift will primarily support a supply chain management program.

Los Altos Hills residents Debbie and Jerry Ivy’s $50 million donation to the Iowa State University College of Business, the largest in the university’s history, has led to another Iowa State first.

Pending approval of the Iowa Board of Regents, the Debbie and Jerry Ivy College of Business will be the first donor-named college at the university.

Transactions

Los Altos

100 First Street No. 318, Highlighter Limited to K. & B. Gibbons for $2,400,000

38 Third Street No. 102, Rose Trust to T. Nguyen for $1,995,000

Securities trading becomes more efficient

When you sell most mutual funds before trading closes at 1 p.m., the cash typically shows up in your account the next trading day – known as a one-day trade settlement cycle. When you purchase funds, the shares appear in your account and the cash is debited the next day.

Yet it takes three full days for stock or exchange-traded funds (ETFs) trades to settle. Why?

Insider trading arrest alleges local CEO traded using family accounts

A Los Altos man arrested last week on charges related to insider trading allegedly traded his company’s stock based on nonpublic information he obtained on the job.

The U.S. District Attorney’s office charged Peter C. Chang, 59, with securities fraud and fraud in connection with a tender offer, estimating that he generated illegal profits in excess of $800,000.

Realtor groups partner with Housing Trust to help first-time homebuyers with $5K grant

Two local realtor associations are joining forces with Housing Trust Silicon Valley to provide $100,000 for closing costs to qualified first-time homebuyers. Housing Trust Silicon Valley will administer the Housing Affordability Fund First-Time Homebuyer Grant.

The Silicon Valley Association of Realtors and the Santa Clara County Association of Realtors saw an unmet need in assisting first-time homebuyers. The associations applied for and received a $100,000 grant from the California Association of Realtors Housing Affordability Fund. The Silicon Valley Realtors Charitable Foundation and the Santa Clara County Realtors Foundation, the charitable arms of the realtor groups, are both contributing the necessary operational funds to implement the grant.

Tips safeguard realtors on job

The Silicon Valley Association of Realtors compiled the following safety tips that aim to protect realtors at home or in the office.

• Always keep a mobile phone at your side; program emergency numbers into speed dial.


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