Business

A company that rents high-tech pallets for the logistics industry has leased an industrial building in Riverside. Intelligent Global Pooling Systems signed a $5 million agreement on the property at 14855 Innovation Drive in the Majestic Business Center, according to Colliers International. The transaction, which was completed earlier this month, …

A clean energy company is continuing its fight to build a job-creating solar power generation facility on 23 acres in unincorporated Apple Valley. Clean Focus Corporation was denied its conditional use permit request via a 3-0 vote by the San Bernardino County Planning Commissioners on June 19, and is appealing …

One of the nation’s largest banks will pay approximately $7 billion to end a federal investigation into high-risk subprime mortgages the bank made, the kind of loans that helped bring about the Great Recession. Citigroup will make a $4 billion civil payment to the U.S. Department of Justice and another …

The planning commission has given its approval, but some residents say the neighborhood store will bring more traffic to the city. A citizens group has formed to oppose it, but it faces a difficult fight. Despite some opposition, Walmart’s plans to develop one of its neighborhood grocery stores in La …

An unusual High Desert landmark is operating again. The world’s largest thermometer, a 134-foot-tall structure next to Interstate 15 in Baker, was relit Thursday following a major renovation, according to a report in the Inland Valley Daily Bulletin. Local businessman Willis Herron built the thermometer to try to attract motorists …

With lending restrictions still tight, many business owners in the Inland Empire remain unable to qualify for traditional bank loans. They may lack collateral, or they may not have the documentation required by the bank in order to show profitability. To generate the capital they need, those businesses are increasingly …