GM will struggle to recover damages in Venezuela

GM says it will seek compensation over the Venezuelan government's seizure of company assets last week, but compensation for the losses will be difficult. The government seized a General Motors factory, cars and other assets as anti-government protesters clashed with authorities.

Report: 5% of teachers use VR, AR in lessons

Despite enthusiasm for virtual and augmented reality technology, it has yet to catch on in K-12 classrooms, according to a report from Project Tomorrow. Researchers found about 5% of classrooms are using such technology, with the rate slightly higher among in high schools.

Trump halts Dodd-Frank bank resolution, SIFI designation

President Donald Trump has signed executive orders suspending for 180 days provisions of the Dodd-Frank Act that authorize the liquidation of distressed banks and the designation of nonbanks as systemically important financial institutions. Trump has instructed the Treasury Department to review rules governing the procedures.

Meijer readies to expand into Mich.'s Upper Peninsula
4/21/2017 Progressive Grocer

Meijer is training employees who will staff its first two stores in Michigan's Upper Peninsula when they open next month. The stores are part of a bigger expansion this year that includes seven new stores in Michigan, Indiana and Wisconsin.

Amendment might bring AHCA back to House floor for a vote

An amendment to the American Health Care Act proposed by Rep. Tom MacArthur, R-N.J., would retain the Affordable Care Act's essential health benefits at the federal level but allow states to request approval to replace the EHBs with their own list. States could also let insurers charge higher premiums to people with preexisting conditions if they create high-risk pools for those patients, according to the amendment, which has been billed as a tool for resurrecting the legislation for a vote the White House would like to see happen next week.

The New York Times touts its journalists in search of the truth

The New York Times has unveiled the next installment in its "The Truth Is Hard To Find" campaign with TV and digital spots, and accompanying print ads, that highlight the challenging journeys undertaken by its award-winning journalists to get to the bottom of a story. One ad called "War and Terrorism" shows photographer Bryan Denton following the Islamic State group in Mosul, Iraq, while "Refugees and Immigration" spotlights the plight of refugees in Lesbos, Greece.

Target's top innovation exec to step down next month

Target Chief Innovation and Strategy Officer Casey Carl will step down from the retailer in May, as the company focuses more on its core business and less on experimental projects without the promise of profitability in the near term. CEO Brian Cornell promoted Carl to the new post shortly after taking the reins at the company in 2014.

Lawsuit: App allegedly used for messaging at White House isn't secure
4/24/2017 Reuters

A lawsuit seeking class-action status alleges that encrypted-messaging app Confide fails to provide "unequivocal confidentiality" because copies of messages can be retained via screenshots. The complaint also alleges that such security issues are present at the White House.

MHRA releases 2017-2018 post-Brexit business plan
4/24/2017 Regulatory Focus

Developing a model for the future regulation of medical devices and drugs post-Brexit is the top priority stated by the UK's Medicines and Healthcare products Regulatory Agency for the coming year, according to the group's 2017-2018 business plan. MHRA is looking to pursue an international strategy with key partners and hopes for "ongoing co-operation in EU regulatory procedures," and it also intends to expand International Medical Device Regulators Forum and bilateral relationships for device regulation.

NCTA, ACA praise FCC proposal to ease next-gen TV deployment
4/21/2017 Broadcasting & Cable

The Federal Communications Commission on Thursday voted on a proposal that would make it easier to deploy next-gen TV networks. The proposal, which is being praised by groups including the NCTA: The Internet & Television Association and the American Cable Association, would ease some of the IP transition regulations, and it questions whether the FCC should be able to pre-empt local laws that are barriers to deployment.

Seattle suburb experiences major residential construction boom

About $800 million worth of construction has started since 2013 in downtown Bellevue, Wash., a suburb of Seattle, and another $100 million is under development. One of the largest projects is a 450-foot residential tower.

US oil rig count continues to increase
4/24/2017 Bloomberg

The number of US oil rigs climbed by five to 688 in the week ended Friday, representing the smallest increase in almost two months, according to Baker Hughes. "If commodity prices persist here, we expect the rig count to flatten out fairly soon," Capital One Securities analyst Luke Lemoine said.

AIA welcomes Trump support for Ex-Im; other business groups quiet
4/21/2017 The Hill

While most businesses that support the Export-Import Bank are silent on President Donald Trump's pick to helm the agency, the Aerospace Industries Association says it is ready to work with Congress and the Trump administration to get the US Export-Import Bank back on track. "The aerospace and defense industry is grateful for President Trump's support to level the playing field for US companies against foreign government export financing and let American products compete on their merits," said David Melcher, AIA president and CEO.

Business councils help Marriott keep culture consistent
4/21/2017 Global Times (China)

Marriott's use of business councils provides a framework for consistency in service and culture across owned and franchised properties worldwide, including 268 in China. "At Marriott we believe in our philosophy that states, 'How we do business is as important as the business we do,'" Marriott's Angela Pan said.