Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
Administrators quashed their food delivery service. Now they're focusing on other colleges
Prices are low, but there’s plenty of red tape
Long Beach, Calif.
Founded: 1996 (incorporated as for-profit in 2008)
2009 revenue: $1 million
Estimated 2010 revenue: $2 million
Mobis aims to make bicycling and public transit easier alternatives to driving. The company—born from the nonprofit Bikestation two years ago and backed with $500,000 in angel investment—designs, builds, and manages bike transit centers. The stations, located near public transit hubs, offer secure parking for bicycles, as well as such other services as repairs, changing rooms, and storage lockers. Mobis has helped develop 14 Bikestations in the U.S.—mostly in California—and expects to install from 15 to 20 this year. Most clients are local governments and transit agencies, but real estate developers and corporate campuses are showing interest, including a commercial developer in Vancouver, says Chief Executive Officer Andréa White-Kjoss, 35. "The goal here is to get more people using alternative transportation," says White-Kjoss, helping reduce the environmental impact of driving and making it easier for people without cars to get around.