FORD CEO STAYING PUT
Alan Mulally, Ford CEO, saying he will remain at Ford through 2014, and has no plans to leave. Mulally hoping the statement quells speculation he would step in as the next Microsoft CEO. The computer giant is seeking a replacement for Steve Ballmer, who is retiring in August. Microsoft closing down about 1.8% Wednesday.
DIGITAL MOVIE BOOST
Digital movie sales giving Hollywood a boost. Digital movie purchases surging 47% in 2013, according to Digital Entertainment Group. Online movie sales took in $1.19 billion last year alone, making it the fastest-growing home entertainment category.
NEW B&N CEO
Barnes & Noble has a new CEO, naming Michael Huseby to the position effective immediately. Huseby was appointed president of the book-seller last July.
The Dow fell 68 points Wednesday, the Nasdaq rose 12 points, and the S&P 500 dipped less than half-a-point.