Money Minute: Mulally Sticks with Ford; Money Pours into Mutual Funds

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Ford's top executive say "no thanks" to Microsoft.

CEO Alan Mulally to stick with Ford
Rainer Jensen, dpa/APFord CEO Alan Mulally.
Ford Chief Executive Officer Alan Mulally had been considered the leading candidate to replace Microsoft CEO Steve Ballmer, but Mulally says he will stay in the driver's seat at Ford (F) at least through the end of this year. Meanwhile, Reuters reports that Microsoft (MSFT) has narrowed its list to a "handful" of possible candidates.

Investors poured record amounts of money into stock mutual funds last year, as the market rallied to all-time highs. The previous record came in 2000, just before the Internet bubble went pop. Most market pros say stocks still have room to run, but there are a few prognosticators saying another big selloff is looming. The research firm TrimTabs also says investors pulled a record amounts out of bond funds last year.

Here on Wall Street, the Dow Jones industrial average (^DJI) and the Standard & Poor's 500 index (^GPSC) start the day within striking distance of the record highs set just over a week ago. The Dow rose 105 points Tuesday, the S&P 500 gained 11 and the Nasdaq composite (^IXIC) rallied 39 points.

Weight loss companies deceive consumers.
Shocking, right? Well federal regulators are cracking down. They've fined three companies -- Sensa Products, L'Occitane (LCCTF), and a company that's already out of business, LeanSpa -- a total of $34 million. An FTC official said the science behind their products, which include food additives and skin creams, "just isn't there."

CEC Entertainment (CEC), the parent company of the Chuck E. Cheese restaurant and entertainment chain, is apparently up for sale. Reuters reports the company -- which hosts an endless number of kids' birthday parties -- is fielding interest from private equity firms.

And speaking of cheese, an American food icon may be hard to find on grocery store shelves. Kraft Foods (KRFT) says its Velveeta cheese product is in short supply, mostly because of high demand. This is, after all, a big season for cheesy dips and sauces with the pro football playoffs underway and the Winter Olympics on the way.

-Produced by Drew Trachtenberg.


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January 09 2014 at 2:05 AM Report abuse rate up rate down Reply
cvanac8550

I missed this run up because I lost faith in the market..I pulled out of mutual funds in my 401k when I listened to Dr. Doom saying the bubble was going to bust ..and it did ...I saved my 401k from disaster but never went back in....I missed out...for sure, but in reality can you trust the current run up to last based on what.........truth be told I have no regrets......
Imagine too if they would of allowed folks to tie their social security to the market...Perfect for Wall Street another way to line their pocket and screw the public ....It's a shame the games rigged...gone are the days when you invested for retirement in a blue chip on the thought that in time your investment would grow and help secure your retirement..now you have to watch it like a hawk and if your not educated in finance then your at the mercy of the Blood ******* Vampires on Wall St. The avarage American like myself is doomed in this mutual fund game....

January 08 2014 at 12:46 PM Report abuse +1 rate up rate down Reply
1 reply to cvanac8550's comment
merstockgto

I have invested in the stock market since 1980 and at the time knew nothing about the market. I started with about $1000. and I have done very well over the years. I invested in mutual funds, individual stocks but mostly have stocks. When the market fell 6 or so years ago I did not sell anything and now I am way over what I started with. Patience and do not panic.

January 08 2014 at 1:10 PM Report abuse rate up rate down Reply
1 reply to merstockgto's comment
cvanac8550

I hope you know when to get out...sounds like you could be nearing retirement.
you should think about a safe haven for at least most of it before the dip happens ..which is inevitable...sure I would be over now too but when you retire you need a safe haven..at 65 ..waiting 7 years for a rebound could be a tough on your life....

January 08 2014 at 2:48 PM Report abuse rate up rate down
bootsnchaps60

I\'m sure that there are other high sodium, fat, and chemical laden non-nutritious alternatives to Velveeta out there.

January 08 2014 at 12:25 PM Report abuse rate up rate down Reply