Business

There’s every reason to believe the season will be a good one, but some local park officials are being cautious for now. One wild card is the rising price of gas. For the local theme park industry, the recession might not quite be over. Yes, the economy is in far …

At least this week, Moreno Valley is about more than warehouse-distribution facilities. City officials announced Tuesday that an agreement had been reached that will bring an automotive manufacturing facility to the city. Fisker Automotive and Technology Group will lease a new 555,670-square-foot industrial building at 17100 Perris Blvd. in the …

May was a routine month at the Port of Los Angeles. Traffic was up only .8 percent compared with May 2014, as workers handled the equivalent of nearly 695,000 20-foot containers, the port industry’s standard measuring stick, according to data released Monday. That minor increase was due mostly to an …

Target has agreed to sell its pharmacy and clinic business to CVS Health. The country’s second-largest drug store chain will pay nearly $2 billion for both of Target’s in-store health operations, according to a statement released Monday by both companies. CVS Health is purchasing more than 1,660 pharmacies and an …

The mega-industrial project in Moreno Valley finally gets to the planning commission and it’s clear the project has strong support. Even the city’s planning staff believes it’s a good idea. Large industrial projects that have the potential to disrupt a community usually engender opposition, not support, from the public. Residents …

ALDI, the discount grocery store chain, will open an estimated 45 stores in Southern California starting in March of next year. The chain, which is developing a regional headquarters and 800,400-square-foot warehouse-distribution center in Moreno Valley, announced its expansion plans in a statement released Friday. The stores will be the …