6/29 am BA Boeing Under Pressure from 787 Buyers

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The Dow closed Friday 8438.39 down 34.01 down 1.2% for the week, up 1.7% for the month and up 8.5% for the past 3 months.

A read of Monday 6/29/09 print editions of: Wall Street Journal, New York Times, Atlanta Journal Constitution, Financial Times, Investor's Business Daily and USA Today and recent weekly periodicals such as Barron's and Atlanta Business Chronicle yielded the following stories about Dow Jones 30 component companies:

WSJ @pB1 has a story about BA Boeing being under pressure to make concessions to its buyers of its now delayed 787 Dreamliner. Sat.'s NYTimes @ pB5 and WSJ 6/27-28 @pB5 have stories that Quantas withdrew or deferred orders for 30 of Boeing's 787 Dreamliners. Ny Times 6/28 @p8 said BA shares dropped 13.5% last week, the worst in the Dow due to the 787 delay.

WSJ @pB2 in a story about Justice Dept. seeking more information on the proposed acquisition of Sun Microsystems Inc. by Oracle mentioned that earlier Sun and tried to do a deal with IBM that didn't happen. IBM was also mentioned in a story at NYT pB1 6/26 about bar codes being replaced by RFID technology which noted that IBM invented bar coding in 1970. WSJ 6/27 @B5 said IBM lost its motion for a prelminary injunction seeking to stop a former executive from working at rival Dell. IBM is also the subject of a Forbes 7/13 article @p40 about how an IBM researcher's algorithm could be used to analyze information without reading it thus protecting privacy rights.

WSJ @pB2 says XOM Exxon Mobil Corp. has found at least two unauthorized Twitter accounts under variatins of its name in an article about Twitte imposters.

Fin Times FT @p15 says Razorfish, its digital agency is up for sale by MSFT Microsfot who has hired organ Stanley to find a buyer. MSFT was mentioned in Barrons 6/29 @p31 saying that rumors that Yahoo! and MSFT may still get together in a merger of some kind. According to AJC 6/26 MSFT said that prices for the Windows 7 computer system will be about the same as for Vista, in some cases as low as $50 (this was alos reported in Barron's 6/29 @ p14. MSFT is the subject of a story in Forbes 7/13 @p43 about MSFT's Office encryption is first-rate but it ttook a while to develop it. MSFT is also discussed in a story @ Forbes p36 7/13 about former MSFT executives Paul Maritz and Tod Nielsen leaving MSFT and are running VMware, a software company with $1.9 billion in revenue that has become "the standard-setter in the exploding market for computer virtualization."

Fin Times @p16 says BAC Bank of America Merrill Lynch's Asia-Pacific unit is trying to recurit bankers in order to expand its Asia unit. AJC @pA15 said BAC said on Thursday it will raise more money than the government said it needed, having raised $38 billion which is more than the $33.9 billion the Fed said it needed. WSJ 2 pB2 6./27 said BAC Bank of America Tower got refinancing with a $1.28 billion 3 year mortgage.

NYT 6/27 @pB2 had a story that CSCO Cisco and some other companies do not have to follow "buy American" rules for some computer components supplied under a $4.7 billion program to build high-spped Internet lines a Federal agency has ruled.

Barrons 6/29 @p29 quotes HPQ Hewlett-Packard CEO Mark Hurd as saying he puts his company first over his all other of his priorities including his own family.

NYT @ pB2 6/27 said JPM JPM Morgan Chase and Citigroup are re-eintering the jumbo mortgage business.

6/27 AJC @pA12 said WMT Wal-Mart among other retailers was going to add self-service vision screening kiosks to their stores called EyeSites.

GE is going to build a $100 million manufacturing technology center in Michigan that wille eventually employ about 1,200 workers according to AJC 6/27 @pA13, IBD 6/29, NYT 6/27 @ pB2 and WSJ 6/27-28 @ pA3.

Barron's BRN 6/29 @p17 has a story about Wendy's/Arby's that says MCD McDonald's has a P/E of 9 which is in line with fast-food's historic EBITDA multiple.

BRN's @p13 6.29 has a story about bonds noting that MRK Merck recently did a $4.25 billion bond issuance at a yield of 5%. The article noted that T AT&T's stock dividend yield of 6.7% is comparable to the rate on some of its longer-term debt and that MSFT which in May sold debt for the first time, paid 3% to 5.24% for money "it doesn't need." Fin Times 6/27-28 said that Merck of US is close to restructuring its animal medicines assets in a deal likely to be finalized soon with its partner Sanofi-Aventis that could earn it more than $10 bill.

Atlanta Business Chronicle 6/29 on its front page said that KFT Kraft is targeting Atlanta for a 1.1 million square foot warehouse that could create 200 new jobs. The article noted that WMT Wal-Mart accounts for 16% of KFT's sales. Atlanta Business Chronicle, same issue, @p3A has a story about PG Procter & Gamble's plans to launch a national franchise-based car wash chain, Mr. Clean Car Wash, to be based in Atlanta. PG is mentioned in a story @p52 of 7/13 Forbes that PG's p/e is 9 in a story about its competitor Prestige Brands.

Investor's Business Daily @pA6 6/29 has an article about chipmaker STEC and mentions HPQ Hewlett-Packard and IBM as customers for its solid state devices.

IBD 6/29 @pA9 has a story about biosimilars which are generic biologics that are based on genes instead of chemicls and mentioned MRK's biosimilars of Neupogen and Neulasta (in development) which they acquired by buying Insmed's biologics unit in February. PFE Pfizer and Sanofi-Aventis are rumored to be considering buying Wockhardt, an Indian biosimilar ocmpany according to the article.

AJC 6/27 @pA14 said KO announced the opening of two new plants and then two days later PepsiCo said it had opened its first overseas "green" plant in China.

Forbes 7/13 @p92 has a story about how CVX Chevron got an environmental suit thrown out of New York in favor of litigating in Ecuador and now they may be hit with a $27 billion judgment later this year.