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IE businesses to get expansion loans

Inland Empire Businesses Get Assistance.001

Some small businesses in the Inland Empire will soon divvy up $21 million in loans that they will use to expand their operations. Eleven Inland businesses – none of which are being identified yet – have been approved for the loans, with one of those businesses slated to receive $7.5 …

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Corporate HQ leaves Temecula

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Channel Communications Corp. in Temecula will move its corporate headquarters to Texas. The company, which provides plastic boxes and connective copper and fiber products to the telecommunications and broadband industries, announced last week that it will build a 175,000-square-foot facility in Rockwall, Texas, according to a report originally published in …

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Inland beverage company stays profitable

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Monster Beverage Inc., the Corona-based manufacturer of energy drinks, continues to post strong profits. The publicly-traded company reported a net profit of $76.1 million, or 44 cents a share, during the final three months of 2013, according to the company’s latest earnings report, which it posted on its website last …

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Arrests made in mortgage loan fraud operation

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Seven people were arrested Wednesday in connection with a mortgage fraud scam in San Bernardino County. The suspects allegedly defrauded more than 1,550 homeowners in the county who were trying to adjust their home loans during the foreclosure crisis, according to a report originally published in The Press-Enterprise. Collectively, the …

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Time running out on grocery contract

Inland Empire Grocery Stores Negotiate

Supermarket workers in Southern California likely will see their contract with three major store chains expire next week, but that doesn’t mean a strike or lockout within the industry is imminent. Negotiations are expected to resume in March, and both sides are likely to extend the current contract while a …

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Toro looks to help non-profits in Riverside County

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The Toro Co. will mark its 100th anniversary this year with two programs meant to help non-profit organizations. The Minneapolis-based company announced this month that it has launched its Legacy Grant Program and Annual Product Donation Program, both of which are aimed at non-profits that operate in communities where Toro …

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