Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Ford October sales fell by nearly 12 percent

Ford Motor Co. said its U.S. sales fell 11.7 percent to 188,813 in October, led by a decline in sales of cars such as the Mustang and Ford Fusion sedan. The No. 2 U.S. automaker's October sales missed Autodata Corp.'s estimate of 208,259 vehicles.

Overall U.S. auto sales fell 5.8 percent to 1,372,320 vehicles in October, Autodata reported, with the seasonally adjusted annualized rate of sales reaching 18.02 million vehicles. Ford reported sales a day later than the rest of the industry because a fire at its headquarters on Monday interrupted power to a data center it uses.

Chipmaker Broadcom to acquire Brocade * Broadcom Ltd. said Wednesday that it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion to expand its fiber channel and data storage businesses, the latest in a flurry of chip sector deals. Singapore-based Broadcom, formerly Avago Technologies, is known for its connectivity chips while California-based Brocade makes networking hardware, software and storage products.

Texas private equity firm invests in Contegix * Private equity firm Strattam Capital is making an equity investment in St. Louis cloud hosting company Contegix and plans to grow the business in new markets.

Austin, Texas-based Strattam is partnering with David Turner and Contegix's current management team to make a majority growth investment in Contegix, the companies said Wednesday. Financial terms of the deal, which is slated to close in the fourth quarter, were not disclosed. Turner is joining Contegix as its new CEO, and Contegix co-founder and CEO Matthew Porter will become vice chairman when the deal finalizes.

Contegix, based in downtown St. Louis, has 46 local employees as well as data centers in St. Louis, Dallas, and Amsterdam.

Regulator wants better response to air bag recall * Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp. …

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