The U.S. housing market finished 2014 in solid form. Sales of newly built single-family homes were up 11.6 percent in December, to a total of 481,000 units during the last month of the year, according to data released Tuesday by the National Association of Home Builders in Washington, D.C. The …
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CVB Financial Corp., the parent company of Citizens Business Bank, had record earnings last year. The Ontario-based financial institution reported a net income of $104 million last year, up from a net income of $95.6 million in 2013, an increase of about ten percent, according to a statement. Earnings per …
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An Inland Empire truck terminal has been sold. YRC Bloomington Truck Terminal sold for $58.1 million to Realterm/NAT, a logistics company based in Annapolis, Md., said Barbara Emmons, vice chairman with CBRE Group Inc. The seller was Pacific Industrial LLC, a Long Beach company that buys and manages industrial properties, …
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The Lake Elsinore City Council is scheduled to decide whether to allow residential development along the northeast shore of Lake Elsinore. If the council makes the necessary zoning changes, houses could then be built along that stretch of land for the first time in 35 years, according to a report …
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Corona is getting tougher with its massage parlors. A new state law that returns control of massage parlors to cities has led the city council to toughen its regulations on those businesses, according to a report in The Press-Enterprise. On Wednesday, Police Captain Jerry Rodriguez told the council that complaints …
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His move to help the middle class, including a proposed minimum wage hike, draws criticism and praise from local economists. One thing they agree on: getting his proposals through a Republican-controlled Congress might be next to impossible. President Obama’s move to raise taxes on the wealthiest one percent while providing …
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IE Business Daily Business news for the Inland Empire.
