Business briefs: Aston Martin and Ford 

Ford Motor Co.(F) said Tuesday that it received $931 million in cash and preferred stock for its sale of a controlling stake in the car brand immortalized in James Bond films, Aston Martin. Ford said in a filing with the Securities and Exchange Commission that it completed the sale in the second quarter. Spokeswoman Becky Sanch said the automaker retained a stake in the sports car unit.

Cisco Systems

The networking equipment maker’s fiscal Q4 profit jumped 25 percent as it continued to see strong sales of the routers and switches that direct traffic over the Internet and technologies tied to a boom in online multimedia. Shares jumped more than 5 percent on a boosted financial forecast. Cisco CEO John Chambers said the company is boosting its 2008 revenue forecast.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

© 2018 The San Francisco Examiner

Website powered by Foundation