Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Braking problem in Fusion, Milan prompts probe * The U.S. government is investigating some Ford Fusion and Mercury Milan cars because the brake pedal may lose pressure, making it hard for drivers to stop the vehicle.

Three crashes were blamed on the braking issue, the National Highway Traffic Safety Administration said Tuesday. The brake pedal can go "soft" when driving on slippery or uneven surfaces. NHTSA received 141 complaints, with some reporting that their car stopped past red lights, leaving them in the middle of flowing traffic.

The investigation covers Ford Fusion and Mercury Milan cars with model years 2007 to 2009. NHTSA estimated that there are about 475,000 of those vehicles.

The maker of both car models, Dearborn, Mich.-based Ford Motor Co., said it will cooperate with the investigation.

The Fusion and Milan vehicles were also part of the massive recall to remove Takata air bags that could explode.

Enterprise buys stake in Brazilian firm * Enterprise Holdings Inc. has acquired a 20 percent stake in Brazilian car rental service Unidas SA, the Brazilian company said in a securities filing on Monday.

Enterprise Holdings Brazil LLC, an affiliate of Clayton-based Enterprise Holdings Inc., bought 10.9 million shares on Friday for an undisclosed sum.

Abbott gets antitrust OK to buy St. Jude Medical * Health care company Abbott Laboratories has won U.S. antitrust approval for its proposed purchase of medical device maker St. Jude Medical Inc., the Federal Trade Commission said on Tuesday.

Abbott has agreed to divest two medical device businesses to settle FTC charges that the $25 billion acquisition of St. Jude would likely be anti-competitive, the FTC said in a statement.

Abbott has said the deal would help it compete against larger rivals Medtronic Plc and Boston Scientific Corp. as hospitals look to cut the number of their suppliers. …

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