Tag Archives: business

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 …

Ontario may have some hope in its ongoing battle to wrest control of Ontario International Airport away from its owner, the city of Los Angeles. During a radio interview Monday, Los Angeles Mayor Eric Garcetti said he’s willing to return control of the airport to Ontario if Ontario reimburses Los …

The state Department of Water Resources and the California Center for Urban Horticulture will host three workshops designed to help professional landscapers deal with the drought. The first session is scheduled to be held from 8 a.m. to noon Tuesday at the Toro Company, 5825 Jasmine St., Riverside. On Thursday, …