Business

Coca-Cola will buy a 16.7 percent interest in Corona-based Monster Beverage. The world’s largest soda manufacturer and distributor will pay $2.15 billion for its percentage of the company and will place two people on Monster Beverage’s board of directors, according to an Associated Press report. The transaction was announced Thursday. …

The Upland City Council has approved an agreement that will allow Ford of Upland to move to a larger location. The council on Monday unanimously agreed to give back a portion of the annual sales tax revenue generated by the dealership’s sales for eight years, according to a report in …

A former bowling alley in Lake Elsinore will reopen under new management, perhaps within a few weeks. Pins ‘n’ Pockets, formerly the Trevi Entertainment Center, will feature bowling, pocket billiards and banquet facilities, according to a report in The Press-Enterprise. Inland Pacific California owns the building, a 35,000-square-foot structure at …

As the Baby Boomer generation continues to age, more facilities like Oakmont of San Antonio Heights will be developed throughout the United States. For now, demand for such facilities is outpacing supply. Development of senior-living facilities is expected to balloon during the next decade, as the Baby Boomer generation continues …

Passenger traffic at Ontario International Airport posted a modest gain during the first six months of this year. The airport served 2,002,789 passengers between January and June compared with 1,967,223 passengers during the same period in 2013, according to a statement released Tuesday by Los Angeles World Airports. International traffic …

Walmart is going into Pomona with a whimper, not a bang. A Walmart Neighborhood Market will be built in an empty storefront at the Valley Shopping Center at Arrow Highway and Towne Avenue, according to a report in the Inland Valley Daily Bulletin. Walmart Neighborhood Market’s sell only groceries and …