Sectors
Morgan Stanley Refurnishes Fixed Income Division, Names Sam Kellie-Smith As The New Head
Morgan Stanley, has been reported to tatter with its fixed income division. Following the industry precedence of changing or reshuffling the executives, it has named Sam Kellie- Smith as the head of fixed income and commodities. The Wall Street Bank’s recent moves haven’t surprised the analysts at all.
Ford Surpasses Competitors, Test Drives Autonomous Car First In Snowy Conditions
Ford has succeeded in test driving its autonomous cars in snowy conditions surpassing all of its competitors. The carmaker’s self-developed 3D maps have enabled in built LIDAR and cameras to drive the autonomous car through controlled environment. But the problem hasn’t been solved totally. Still snow or rainfall makes the guidance system to falter till now.
UK technology sector mobilizes $3.6-bln VC in 2015
The UK-based technology firms mobilized $3.6 billion (£2.5 billion) funds from venture capitalists (VC) in 2015 and this is 70 percent higher than $2.1 billion in 2014. London technology companies accounted for more than half of the mobilized VC funds. The increasing investor appetite for technology startups and fintech firms has been the main factor that propelled the VC funding.
Anaplan mobilizes $90 mln in latest VC round
The San Francisco-based cloud software company Anaplan has closed the latest round of VC funding to the tune of $90 million giving a valuation of the company at $1.09 billion. The latest investment round was led by Indian firm Premji Invest.