Business

Karma Automotive, a maker of high-end electric automobiles, recently unveiled its latest vehicle, the Revero, in Moreno Valley. The Irvine-based company held an “unveiling ceremony” at the Karma Innovation and Customization Center, 17100 N. Perris Blvd., according to a statement on the city’s website. The event included a presentation by …

Acrisure Arena, the 11,000-seat sports and entertainment venue that opened in December 2022, pumped an estimated $168.5 million into the greater Palm Springs economy in 2023, according to a study. The arena also supported 2,000 jobs during its first full year in operation, while hosting 850,400 patrons and 117 events, …

Walgreens will close many of its 8,600 U.S. stores, as the company looks to reorganize. A specific number was not released, but the struggling pharmaceutical company did say it expects to close a “significant” number of underperforming stores, according to a statement released June 27. “We continue to face a …

Ontario International Airport is predicting a substantial increase in July 4th passenger traffic this year. An estimated 117,805 air travelers will use the airport from July 2 through July 7, a 10.3 percent increase compared with 2023, according to a statement on the airport’s website. Airlines are offering more than …

More than 600 warehouse workers at two Smart & Final warehouses have gone on strike, protesting mass layoffs and what they believe are unfair labor practices. Workers at the Riverside and City of Commerce facilities walked off the job June 20 and have remained so this week, according to multiple …

Ontario International Airport has retained its “A” rating regarding outstanding revenue bonds. S&P Global Ratings, a New York credit rating company, recently reaffirmed that long-term rating due the airport’s “robust [passenger count] recovery that now exceeds pre-pandemic levels,” according to a statement on the airport’s website. S&P Global said its …