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Tuesday, January 7, 2014

Ford CEO not going to Microsoft, to stay at Ford through 2014, (NYSE: F)

Ford Motor Co Chief Executive Alan Mulally will not take a job at software giant Microsoft Corp and will remain at the U.S. automaker through at least this year, according to the Associated Press.A person close to the matter told Reuters Mulally is no longer under consideration for the top job at Microsoft.Mulally, in an interview with the AP, said he wants to end the Microsoft speculation "because I have no other plans to do anything other than serve Ford."When the AP asked whether his comments should end concerns from investors about his exit, Mulally said: "You don't have to worry about me leaving."

Ford Motor Company (Ford) is a producer of automobiles. Shares of F fell by 1.28% or $-0.2/share to $15.38. In the past year, the shares have traded as low as $12.10 and as high as $18.02. On average, 40599700 shares of F exchange hands on a given day and today's volume is recorded at 54665760.