Business

Whole Foods has announced plans to open a store in Palm Desert. The store, which will employ about 150 people, is scheduled to open Sept. 24, according to a report published in The Press-Enterprise. The store, at 44-459 Town Center Drive, will sell natural and organic foods. It will cover …

An electric car company has opened its first Inland Empire dealership. Tesla Motors held a grand opening ceremony Friday for its sales and service center at 68080 Perez Road in Cathedra City, according to a report first published by The Press-Enterprise. Besides the opening ceremonies, the event included interactive displays …

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 …