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Business Minute: CEOs Galore & A Hollywood Boost

Good news for Ford, Hollywood getting a boost, and stocks up and down Wednesday. Here's your Business Minute on this Thursday Morning.
Time now for your Business Minute this Thursday morning.

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.

WEDNESDAY STOCKS

The Dow fell 68 points Wednesday, the Nasdaq rose 12 points, and the S&P 500 dipped less than half-a-point.

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