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State adds jobs

California’s unemployment rate dropped to five percent in February, according to data released Friday. That marked eight consecutive months of job growth and was the lowest unemployment rate in the state since February 2007, the state Employment Development Department reported. The state also added 22,900 jobs in February, building on …

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Healthy drink ordinance adopted

Perris has approved an ordinance making 100 percent juice, water or milk the default beverage in children’s meals at local restaurants. The measure, which was adopted unanimously earlier this month, is meant to fight obesity, diabetes, high blood pressure and a high cholesterol, according to a statement. Customers will still …

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CVB Financial has another solid quarter

Ontario-based CVB Financial Corp. has announced a cash dividend of 12 cents per share for the first quarter of 2017. The dividend, which is CVB Financial’s 110th consecutive quarterly cash dividend, was approved by the company’s board of directors on Wednesday, according to a statement. It will be payable on …

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Local home cash sales up slightly

Home Cash Sales

Home cash sales were up slightly in the Inland Empire in December, according to data recently released. Overall, 28.1 percent of all home sales in Riverside and San Bernardino counties during the last month of 2016 were cash transactions, according to CoreLogic in Irvine. That represented a 1.6 percent year-over-year …

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High-end restaurant planned for Big Bear Lake

Black Kat, scheduled to open next month, will have top-of-the-line food and wine. It’s exactly what that market needs, according to the man who’s building it. Big Bear Lake is about to get a high-end restaurant. The Black Kat Fine Dining and Wine Room, which will feature a seasonal menu …

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Mall retailer to close stores

Bebe Stores Inc., a mall retailer that specializes in women’s clothing, will reportedly close all of its stores. The Brisbane, Ca.- based chain is abandoning its brick-and-mortar operations – approximately 170 locations in the United States and Canada – and will concentrate exclusively on online retail, according to multiple reports. …

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