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Credit union’s quarterly income tops $3 million

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Riverside-based Altura Credit Union reported net earnings of $3.04 million and total assets of $731 million for the quarter that ended March 30. During the same quarter in 2013, Altura posted earnings of nearly $5 million on top of assets of $718.1 million, according to Acura’s latest quarterly report, which …

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Corona company must pay unpaid wages

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An automobile restoration business in Corona will pay more than $150,000 in fines for underpaying their employees for more than two years.   West Coast Customs and its owner, Ryan Friedlinghaus, have agreed to the settlement with the U.S. Department of Labor, according to a report published by The Press-Enterprise. …

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Golf tournament scheduled

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NAIOP Inland Empire will host is 20th annual golf tournament Thursday.   An estimated 150 real estate professionals are expected to tee it up on the Eisenhower Course at Industry Hills Golf Club in the City of Industry, according to a statement.   Registration will be from 8-9:45 a.m., with …

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Hollywood money behind San Bernardino logistics project

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Grading has begun on a planned warehouse-distribution project in San Bernardino. Palm Distribution Center will be built at Palm Avenue and Industrial Parkway next to Interstate 215, said Jay Dick, senior vice president with CBRE Group Inc. Ontario. The speculative project, a single building that will cover 678,000 square feet, …

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Boeing signs lease in High Desert

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The Boeing Company has signed a three-year agreement to rent space at the Southern California Logistics Airport in Victorville. The Chicago-based aerospace company has signed a $1.8 million lease with the airport that covers 90,000 square feet of hangar space and 10,000 square feet of office space, according to a …

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Major retailer nixes High Desert store

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Target has reportedly dropped plans to build a super store in Victorville. The Minneapolis-based retailer pulled out of the project about one month ago without explaining why, according to a report first published in the Victorville Daily Press. Victorville officials have taken no action on the project, which was planned …

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