Business

Monster Beverage Corp. reported a solid first quarter, with net profits rising to $95.3 million. That figure, which equates to 55 cents a share, was up from $63.5 million compared with the first three months of 2013, according to a statement posted Thursday on the company’s website. Sales for the …

Office Depot Inc., a global provider of office products, will close at least 400 U.S. stores between now and the end of 2016, a move that is expected to save the company at least $75 million. The company is looking to merge its operations in the aftermath of its merger …

Speaking before the state horse racing board, they say the races would work better at Los Alamitos, but some board members are skeptical. A vote could happen this month. While it’s not yet official, Fairplex in Pomona may have seen its last thoroughbred horse race. Fairplex officials last month told …

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 …

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. …

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 …