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Rocket Cos. Shares Rise 19 Pct On IPO Debut

PYMNTS

the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. You’re seeing a low-rate environment in conjunction with decreased (mortgage) applications,” Michael Underhill, chief investment officer for Capital Innovations, the Wisconsin-based firm that invests in IPOs, told Reuters. “So,

Detroit 160
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Ford Creates New Self-Driving Car Unit; To Invest $4B

PYMNTS

In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Team Edison will continue to report to Jim Farley, executive vice president and president of global markets.

Detroit 100
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.

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VW Will Build Its Own Connected Vehicle Software

PYMNTS

Growing Market. The global automotive operating system and infotainment market is worth more than $15.9 car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business, so that Ford can capitalize on market opportunities.

Software 100
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Advanced Manufacturing Market Map: 110+ Startups Making Factories More Efficient

CB Insights

This market map is not meant to be exhaustive of companies in the space. Eigen Innovations , for example, integrates video and sensor data on factory floors to ensure process and quality control. Sequoia Capital, BMW Group, GE Ventures, Google Ventures. GE Ventures, Highland Capital Partners. Click to enlarge. B2B-Center.

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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Deepti Dhar’s Bright Paths Project: Welcome to Stock Market.

Milwaukee 348
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Innovation on Display: The 2017 Ford GT and FIS Connect 2017

Celent Banking

My favorite and I believe useful analogy for banking system engineering is that of automobile engineering, an industry that has a similarly colorful past and has been marked by fits and starts of innovation over the past 120 years. As Ford has shown with its 3.5L