McLaren Racing takes a fast-paced, digital-intensive approach to manufacturing

The McLaren Racing manufacturing process has smaller production runs than in traditional automaking and runs faster, with detailed digital twins and design iterations as frequent as every 10 minutes, says Simon Roberts, chief operating officer. Team members are encouraged to liberally share data, Roberts says,"[b]ecause you never know how what you're doing is going to affect someone else."

How are states regulating for-profit colleges?

A new report by the Children's Advocacy Institute at the University of San Diego School of Law gives 43 states failing grades on their efforts to protect students from predatory for-profit colleges. The study's author, attorney Melanie Delgado, says state oversight of such colleges is paramount as the federal government rolls back regulations.

IMF: US tax cuts to trigger short global growth spurt

US tax cuts will briefly accelerate growth of the global economy but benefits will be short-lived, the International Monetary Fund says in a report presented at the World Economic Forum. The IMF raised its global growth forecast to 3.9% for this year and 2019.

Bacardi will buy Patron Spirits in $5.1B deal

Bacardi will acquire tequila-maker Patron Spirits for $5.1 billion, the latest in a series of acquisitions amid booming interest in high-end Mexican liquor. Bacardi has owned a 30% share of Patron for the past 10 years and hopes to grow the brand outside the US, said Bacardi Limited CEO Mahesh Madhavan.

Telehealth use among new guidelines for BP management, prevention

The American College of Cardiology and the American Heart Association recommend the use of telehealth and EHR strategies, antihypertensive drug therapy and out-of-office blood pressure measurements to help prevent, detect, evaluate and manage high BP in adults, according to a summary of 2017 clinical practice guidelines published in Annals of Internal Medicine. The guidelines also recommend screening for secondary hypertension and using BP thresholds and cardiac risk estimation for guiding pharmacologic treatment.

Worldwide ad spend to hit $572B in 2018

Global advertising investment will hit $572 billion this year, an annual increase of 4.7%, Warc predicts. Ad growth in the US is expected to reach 5%, and mobile will continue to be a key factor, the report states.

US imposes tariffs on imported solar panels, washing machines

The Trump administration has imposed a 30% tariff on imported solar panels, which are made mostly in China, and a range of tariffs starting at 20% on large washing machines, primarily from South Korea and Mexico. The action comes after the US International Trade Commission determined US businesses were being hurt by imported solar panels and washers.

Experts skeptical of smart glasses, 5G hype
EE Times

Computer-enabled eyeglasses will be an important platform, but "it will take many significant silicon breakthroughs to make them a [reality]," said Joe O'Keeffe of Oculus. James Faucette of Morgan Stanley warned against buying into the industry hype surrounding 5G cellular communications, saying the move to 5G will boost spending by 1%, unlike the 3.5% gains seen with 3G and 4G.

Green bean recall follows pet food pull-out, both over listeria risk

A Class I recall was issued by National Frozen Foods for three lots of frozen green beans sold in Department of Defense commissaries because of potential listeria contamination after a Jan. 19 recall by JustFoodForDogs for green bean-containing dog foods that also tested positive for listeria. Neither of the companies confirmed that NFF's green beans were the cause of the dog food recall.

Millennial viewing on smartphones, computers on the rise

Millennials are watching more on-demand content through their smartphones and computers, per Nielsen data. During the second quarter of 2017, video viewed on a computer in the 18-to-24 demographic was up 35%, while smartphone viewing was up 61%.

Wynn to build Vegas hotel "rather quickly"

Wynn Resorts will build a hotel with up to 3,000 rooms in Las Vegas "rather quickly." Chairman Steve Wynn said tax cuts and the new convention center in the city will lead to more visitors.

McDonald's pledges shift to 100% sustainable packaging by 2025

McDonald's will use only packaging made from recycled, renewable or certified sources by 2025. The company also has pledged to use only fiber-based packaging that has no ties to deforestation by 2020.

American Airlines expands route network

American Airlines announced 52 new nonstop flights in 2018, including hourly weekday shuttle flights between Chicago O'Hare International Airport and New York's LaGuardia Airport. "Many of the new routes are focused on connecting smaller cities to one of American's major hubs to create new city pairings for customers," said American Airlines executive Vasu Raja.

San Diego area a highlight of Calif.'s hotel boom

San Diego County doubled its number of hotel rooms under construction last year over 2016, according to Atlas Hospitality Group. San Diego topped all counties in Southern California, and the state overall set a record in rooms opened.