10/2/09 pm Friday Dow Closes 9505.43 down 3.85 or 0.04

The following is not intended as advertising by a broker-dealer and is not a research report.

Post #139 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report. Towards the end of this Blog is an update of the Dow 30's most recent SEC filings as of 9/25/09, a list of the Dow 30 CEO's and a ranking of the Dow 30 by market capitalization.

The Dow Jones Industrial Average closed Friday at 9505.43 down 3.85 from Thursday's close of 9509.28. The Dow was down for the week 159.76 or 1.66%. Of the 30 Dow Companies: 11 gained and 19 declined. The biggest loser dollar-wise was Boeing BA $51.36 -0.75 1.44% 5,675,568 NYSE and percentage-wise was GE $15.3683 -0.6017 3.77% 118,917,778 NYSE. The biggest gainer dollar-wise was IBM $118.89 +0.99 0.84% 6,901,571 NYSE and percentage-wise was Merck MRK $31.6401 +0.4601 1.48% 18,233,816 NYSE.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it was also noted that as of open today the Dow's trailing P/E ratio was 15.67 down from yesterday's 15.72, its P/E estimate was 15.48 same as yesterday and its Dividend yield was 2.90 up from yesterday's 2.89. Friday's Dow Jones Industrial Average closing numerator was 1257.75 down 0.51 from Thursay's closing Dow numerator of 1258.26. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor.

Now, if you divide the Dow numerator decrease for today of 0.51 by the divisor you get 3.85, the decrease in Friday's Dow close.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 41.93 down 0.01 from Thursday's Dow Jones Industrial Average closing price of 41.94. The median closing price of Friday's Dow Jones Industrial Average was 37.16 up 0.24 Thursday's Dow Jones median closing price of 36.92.

The highest closing price Friday again was IBM $118.89 +0.99 0.84% 6,901,571 NYSE and the lowest closing price Friday again was Alcoa AA $12.82 -0.10 0.77% 33,512,197 NYSE.

The lowest volume Friday again was 3M MMM $71.93 -0.62 0.85% 3,227,584 NYSE and the highest volume again was Bank of Am BAC $16.265 +0.055 0.34% 214,319,182 NYSE.

If Friday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $30.
($125,820 - $125,790)

Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

T $26.49 -0.12 0.45% 22,761,884 NYSE
AA $12.82 -0.10 0.77% 33,512,197 NYSE
AXP $32.51 +0.05 0.15% 11,462,176 NYSE
BAC $16.265 +0.055 0.34% 214,319,182 NYSE
BA $51.36 -0.75 1.44% 5,675,568 NYSE
CAT $48.81 -0.64 1.29% 10,202,674 NYSE
CVX $68.082 -0.728 1.06% 8,126,330 NYSE
CSCO $22.67 -0.42 1.82% 41,235,127 NASDAQ-GS
KO $53.86 +0.74 1.39% 11,488,306 NYSE
DIS $27.2 -0.16 0.58% 12,889,159 NYSE
DD $30.54 -0.06 0.2% 6,241,854 NYSE
XOM $66.54 -0.73 1.09% 18,580,234 NYSE
GE $15.3683 -0.6017 3.77% 118,917,778 NYSE
HPQ $45.23 -0.73 1.59% 15,757,742 NYSE
HD $26.03 -0.29 1.1% 11,955,788 NYSE
INTC $18.97 +0.07 0.37% 55,972,279 NASDAQ-GS
IBM $118.89 +0.99 0.84% 6,901,571 NYSE
JPM $41.8027 +0.4327 1.05% 39,977,084 NYSE
JNJ $59.7 -0.11 0.18% 8,147,229 NYSE
KFT $25.97 -0.02 0.08% 9,045,041 NYSE
MCD $56.72 -0.02 0.04% 8,235,791 NYSE
MRK $31.6401 +0.4601 1.48% 18,233,816 NYSE
MSFT $24.96 +0.08 0.32% 49,568,669 NASDAQ-GS
PFE $16.15 -0.16 0.98% 47,208,799 NYSE
PG $56.75 +0.13 0.23% 13,017,371 NYSE
MMM $71.93 -0.62 0.85% 3,227,584 NYSE
TRV $49.04 +0.27 0.55% 4,901,072 NYSE
UTX $59.63 -0.36 0.6% 4,642,498 NYSE
VZ $29.89 -0.12 0.4% 16,349,203 NYSE
WMT $49.08 +0.08 0.16% 14,888,375 NYSE

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The following appeared in Friday morning's Blog:
A read of Friday's 10/2/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, USA Today, (Fulton County) Daily Report & the 10/2-10/8 issue of The Atlanta Business Chronicle yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's closing price and related data:

T $26.61 -0.40 1.48% 30,801,367 NYSE: No mentions found.

AA $12.92 -0.20 1.52% 51,522,009 NYSE: No mentions found.

American Express AXP $32.46 -1.44 4.25% 14,810,979 NYSE: WSJ pC6 "Comcast, AmEx Fall; Caterpillar Loses 3.7%" by Geoffrey Rogow says stocks marked their worst decline in about 3 months as a disappointing report on manufacturing early Thurs. led to a broad selloff for many of the companies that helped pace a surging third quarter in stocks, including JP Morgan Chase, Caterpillar and American Express.

Bank of America BAC $16.21 -0.71 4.2% 243,189,476 NYSE: WSJ pC1 "BofA Directors Scramble To Lay a Succession Plan - Interim CEO Is Possibility After Lewis's Abrupt Resignation" says BofA directors wrestled Thurs. over where to find their next ceo even considering a temporary fix caused by the abrupt exit announcement of Kenneth D. Lewis who blindsided directors with his resignation Wed as CEO of the largest US bank in assets.

WSJ pC4 "Ex-Merrill Exec Settles Suit With BofA" by Chad Bray says Merrill's former brokerage chief, Robert McCann and BofA resolved a lawsuit that will allow him to go to work at UBS at the end of this month.

WSJ pC6 under ". . .And the Bad News" BofA is charted saying that a day after CEO Ken Lewis resigned some investors headed for the exits, too.

WSJ pC6 "As Sun Sets on Lewis's BofA Reign, Stock Pickers Peer Into the Horizon - Forecast for BAC Shares: Up? Down? Down, Then Up?" by Matt Phillips says for all the flak BofA CEO Ken Lewis has generated throughout the financial crisis, investors acknowledge they have had quite a ride. Shares under Lewis fell from the high 30's in Oct. '08 to less than $4 in March but since hitting a closing low of 3.14 on March 6, they were up more than 400% at Wed. close of 16.21.

WSJ pC10 "Lessors From BofA's CEO Bombshell" says that directors and regulators remain too slow in address weakness int he banking sector because BofA was unprepared for Ken Lewis' resignation. Story charts BAC's stock with the heading "Tank of America" showing that even the WSJ can demonstrate some humor in these hard times.

Fin Times p15 "Speedy search for a BofA chief - Surprise move by Ken Lewis leaves little leeway" by Greg Fareel, Francesco Guerrera that has a picture of Ken Lewis with the most unusual expression I've seen on a CEO's face since I started this blog, let's just say his mouth looks like a fish gasping for air.

Fin Times p22 Manufacturing and jobs numbers dent investor expectations" by Samantha Pearson says Wall Street yesterday suffered its biggest daily loss since early July after disappointing data on jobs and a surprise slowdown in manufacturing left investors concerned about economic recovery. BofA's shares were down 4.2% on news of Ken Lewis' resignation, JP Morgan lost 5.6%, Cisco Systems agreed to buy Tandberg presenting a further challenge to Microsoft as it pushes deeper into the online collaboration biz. Cisco's shares fell 1.9%. Microsoft shares fell 3.3% on news that Goldman Sach removed MSFT from its conviction buy list, citing some degree of risk to first quarter earnings, but retained a buy rating on MSFT.

NYT pB1 "Who Can Take Cahrge at Bank of America? - The Search for a Leader After Lewis's Departure" by Eric Dash, Lousie Story asks who will lead BofA out of this mess? and talks about the handicapping as to who will succeed Lewis to be had of Bank of America, a coast to coast giant with nearly $1 trillion in deposits and a bunch of giant size problems. Blogger comment: you know how you read about a crazy mother every once in a while who picks out one of her children to abuse, lock in the closet, starve, etc. and who leaves the other children alone. That is what I think about when I see stil another awful picture of Ken Lewis accompanying this article but in this case it is not a photo it is a caricature that has him scowling as if he just smelled a rotten egg with another bad photo at NYT pB6. Lewis is not a bad looking guy but he needs to get a poker face. Poor Mr. Lewis doesn't deserve this treatment even if he will leave with a $81 mil payout.

NYT pB1 "Lewis Still Faces a Gantlet Of Legal and Political Woes" by Louise Story says Lewis will still have to face Andrew M. Cuomo, the attorney general of NY who is expected to charge Mr. lewis with civil fraud next week onthe grounds of faling to disclose crucial info about the bank's merger with Merrill to shareholders.

Boeing BA $52.11 -2.04 3.77% 6,457,237 NYSE: AJc pA16 "Northrop Grumman gets $3.8 bil Air Force deal" says Norhrop beat out rival Boeing for a $3.8 bil deal to provide logistics services for the KC-10, a fleet of aerial refueling tankers, the Pentagon said Thurs. Boeing, based in Chicago, builds the KC-10 and currently holds the current service contract for the plan, which is set to expire in Jan.

Catepillar CAT $49.45 -1.88 3.66% 12,758,303 NYSE: WSJ pC6 "Comcast, AmEx Fall; Caterpillar Loses 3.7%" by Geoffrey Rogow says stocks marked their worst decline in about 3 months as a disappointing report on manufacturing early Thurs. led to a broad selloff for many of the companies that helped pace a surging third quarter in stocks, including JP Morgan Chase, Caterpillar and American Express.

CVX $68.81 -1.62 2.3% 9,028,089 NYSE: No mentions found.

Cisco CSCO $23.09 -0.45 1.91% 61,815,985 NASDAQ-GS: WSJ pB6 "Cisco Steps Up Rivalry With H-P - Deal to Buy Tandberg for $3 bil Comes as Giants Push Video Conferencing" by Ben Worthen, Justin Scheck says Cisco Systems Inc.'s $3 bil deal to buy Tandberg ASA of Norway expands the Silicon Valley company's push into video conferencing and escalates a growing rivalry with Hewlett-Packard. The all cash deal, announced Thurs., follows a push by the networking equipment compnay into 30 new businesses that could each product $1 bil a year in revenue. Among the new products is telepresence, video conferencing systems that use large, high def tvs to create a life like effect. HP also sells such a system but the companies' systems don't work with one another. There is a good picture of Cisco CEO John Chambers looking straight into the camera that has a better effect than the picutre at WSJ pB1 of WalMart's Mike Duke looking up into the camera.

Similar story at FT front sec p12 says Cisco's purchase of Tandberg is a savvy move because the Oslo based company occupies a niche that John Chambers, Cisco's ceo is keen to exploit. similar story at Fin Times p14 by Richard Waters.

Also reported at NYT pB7 "For $3 Billion, Cisco Buys Video Meeting Company" by Ashlee Vance that says companies like Cisco, Dell and EMC must find ways to match the heft of Hewlett-Packard and IBM which have huge tech services businesses to complement their hardware and software pursuits.

Fin Times p22 Manufacturing and jobs numbers dent investor expectations" by Samantha Pearson says Wall Street yesterday suffered its biggest daily loss since early July after disappointing data on jobs and a surprise slowdown in manufacturing left investors concerned about economic recovery. BofA's shares were down 4.2% on news of Ken Lewis' resignation, JP Morgan lost 5.6%, Cisco Systems agreed to buy Tandberg presenting a further challenge to Microsoft as it pushes deeper into the online collaboration biz. Cisco's shares fell 1.9%. Microsoft shares fell 3.3% on news that Goldman Sach removed MSFT from its conviction buy list, citing some degree of risk to first quarter earnings, but retained a buy rating on MSFT.

Coke KO $53.12 -0.58 1.08% 13,726,197 NYSE: AJC pA16 "Coke to oursource data center to HP" says Coke will outsource its data center to Hewlett-packard, a move that will affect 90 people in Atlanta, who will be offered jobs at HP.

AJC pA16 "Coke taking auditions through Facebook page" says KO is using its Facebook page to take submissions for a new sounds of Coca-Cola comercial. KO is asking for sounds that occur when someone opens a Coke.

DIS $27.36 -0.10 0.36% 15,933,985 NYSE: WSJ pB1 "Hollywood Watches to See if 3-D Reissue of Toy Story Takes Flight" by Sarah McBride says as Walt Disney releases "Toy Story" and "Toy Story 2" this weekend in 3-D, other studios will be watching to see if classic titles in their own vaults might benefit from a 3-D makeover.

WSJ pA1 Headline "Comcast, NBC in Deal Talks - Tie-Up of Cable Operator, Broadcaster Would Signal Deep Change in TV Industry" by Sam Schechner, Shira Ovide says talks to merge Comcast Corp.s cable networks and GE's NBC Universal are the latest sign of a big shift in tv, with cable channels becoming more valuable than broadcast networks and companies rethinking their strategies for making and delivering content to consumers in a digital era. Comcast wants to form a new, privately held joint venture, with Comcast owning 51% which would reduce GE to a minority partner. GE has owned NBC since '86. Together, the 2 would create a mammoth tv and movie company in an industry beset by competitive and technological upheaval. The combined entity would own more than a dozen tv networks including USA and E! as well as Universal movie studio and 10 local NBC stations. 5 years ago Comcast shareholders rejected their $50 bil bid to acquired Walt Disney Co. NBC has been losing viewers to cable and has been hard hit by the advertising downturn.

DD $30.6 -1.54 4.79% 8,736,040 NYSE: No mentions found.

XOM $67.27 -1.34 1.95% 24,327,527 NYSE: No mentions found.

GE $15.97 -0.45 2.74% 112,534,854 NYSE: WSJ pA1 Headline "Comcast, NBC in Deal Talks - Tie-Up of Cable Operator, Broadcaster Would Signal Deep Change in TV Industry" by Sam Schechner, Shira Ovide says talks to merge Comcast Corp.s cable networks and GE's NBC Universal are the latest sign of a big shift in tv, with cable channels becoming more valuable than broadcast networks and companies rethinking their strategies for making and delivering content to consumers in a digital era. Comcast wants to form a new, privately held joint venture, with Comcast owning 51% which would reduce GE to a minority partner. GE has owned NBC since '86. Together, the 2 would create a mammoth tv and movie company in an industry beset by competitive and technological upheaval. The combined entity would own more than a dozen tv networks including USA and E! as well as Universal movie studio and 10 local NBC stations. 5 years ago Comcast shareholders rejected their $50 bil bid to acquired Walt Disney Co. NBC has been losing viewers to cable and has been hard hit by the advertising downturn.

Related stories at WSJ pA4 by Sam Schechner, Paul Glader, Jeffre McCracken, Peter Grant, Nat Worden mentioning that GE's NBC has been the fourth rated network for years and its Universal film unit has had a mixed record, last year's "Mamma Mia!" did well but this year's "Land of the Lost" did poorly. Another related story at WSJ pC10 in "Heard on the Street."

The deal is front page at Fin Times pA1 "Comcast in talks with GE to form cable group using NBC's assets - Potential TV deal is one of several options" by Kenneth Li, Justin Baer, Francesco Guerrera.

The deal is front page at NYT Bus. Sec. pB1 by Bill Carter, Brian Stelter who says that after contributing is asseta and cash of around $6.5bil, comcast would end up with 51% of NBC Universal, now owned 80% by GE and 20% by Vivendi. GE would contribute about $12 bil in debt to the new entity. Note: the way that is written it is not clear if GE will "saddle" it with debt or infuse capital in the form of debt and get a note back.

Deal is on front page of AJC Biz Sec pA15 in an AP story by Deborah Yao.

NyT pB4 "Late Show Ratings Surpass Tonight by Wide Margin" by Bill Carter says CBS's Late Show beat GE's NBC Tonight Show last week by the biggest margin in more than 15 years. Tonight is hosted by Conan O'Brien.

Hewlett-Packard HPQ $45.96 -1.25 2.65% 19,952,419 NYSE: WSJ pA6 "U.S. Hardens Enforcement of its Sanctions on Iran - Treasury Beefs Up Investigations of American Companies' Export Controls; . . ." by Chip Cummins says the US has begun to ratchet up enforcement of existing sanctions on Iran, including cracking down on illegal exports of American products, even as it threatens fresh economic restrictions if Iran doesn't stop enriching nuclear material. Earlier this year, the SEC queried Hewlett-Packard Co. about its Iran business. HP said a European subsidiary sold products to third party distributors in the United Arab Emirates, which resold them into Iran but H-P said the sales didn't break any rules, but that it had stopped doing business with the distributors. Caterpillar Inc. of Peoria, Ill. says that under current US sanctions its foreign subsidiaries may sell its heavy machinery to independent dealers that resell to users in Iran showing that foreign subsidiaries sometimes aren't under the same restrictions as their US parent.

NYT pB7 "For $3 Billion, Cisco Buys Video Meeting Company" by Ashlee Vance that says companies like Cisco, Dell and EMC must find ways to match the heft of Hewlett-Packard and IBM which have huge tech services businesses to complement their hardware and software pursuits.

AJC pA16 "Coke to oursource data center to HP" says Coke will outsource its data center to Hewlett-packard, a move that will affect 90 people in Atlanta, who will be offered jobs at HP.

HD $26.32 -0.32 1.2% 16,110,720 NYSE: No mentions found.

INTC $18.9 -0.67 3.42% 68,425,352 NASDAQ-GS: No mentions found.

IBM $117.9 -1.71 1.43% 6,966,354 NYSE: NYT pB7 "For $3 Billion, Cisco Buys Video Meeting Company" by Ashlee Vance that says companies like Cisco, Dell and EMC must find ways to match the heft of Hewlett-Packard and IBM which have huge tech services businesses to complement their hardware and software pursuits.

JPMorgan Chase JPM $41.37 -2.45 5.59% 48,955,764 NYSE: WSJ pC6 "Talecris Pops 11% in Debut" by Lynn Cowan says that an IPO led by JPM, Morgan Stanely, Goldman, & Citigroup for Talecris Biotherapeutics Holdings Corp. gained 11% in its ip, the first pharmaceutical IPO to perform well in 2 years.

WSJ pC6 "Comcast, AmEx Fall; Caterpillar Loses 3.7%" by Geoffrey Rogow says stocks marked their worst decline in about 3 months as a disappointing report on manufacturing early Thurs. led to a broad selloff for many of the companies that helped pace a surging third quarter in stocks, including JP Morgan Chase, Caterpillar and American Express.

JNJ $59.81 -1.08 1.77% 11,966,180 NYSE: No mentions found.

KFT $25.99 -0.28 1.07% 12,813,548 NYSE: No mentions found.

MCD $56.74 -0.33 0.58% 9,678,227 NYSE: No mentions found.

MRK $31.18 -0.45 1.42% 16,972,802 NYSE: No mentions found.

Microsoft MSFT $24.88 -0.84 3.27% 74,903,499 NASDAQ-GS: WSJ pC6 under ". . .And the Bad News" Microsoft is charted saying Goldman Sachs said the tech standout may have one more soft quarter.

Pfizer PFE $16.31 -0.24 1.45% 53,812,677 NYSE: Fin Times p16 "Actavis launches challenge to Pfizer drug" by Andrew Jack says Actavis, the Iceland based generic company, yesterday launched the most high profile commercial challenge in western Europe to Pfizer's best selling and patent protected medicine. The company said it had made a first shipment of tablets into Spain of a cheaper variant of Lipitor, known generically as atorvastatin, which is widely prescribed to lower cholesterol int he blood. The action, up to 2 years ahead of the expiry of patents on Lipitor in most western markets, marks an important threat to Pfizer, the world's largest pure pharmaceutical company by market cap, which has fought generic companies' efforts to launch their own lower cost equivalents in the courts.

WSJ pC6 says S&P's said thin solar panel maker First Solar will repalce Wyeth in the S&P 500 index, since that pharaceutical company is being acquired by rival Pfizer Inc.

Fin Times p22 Manufacturing and jobs numbers dent investor expectations" by Samantha Pearson says Wall Street yesterday suffered its biggest daily loss since early July after disappointing data on jobs and a surprise slowdown in manufacturing left investors concerned about economic recovery. BofA's shares were down 4.2% on news of Ken Lewis' resignation, JP Morgan lost 5.6%, Cisco Systems agreed to buy Tandberg presenting a further challenge to Microsoft as it pushes deeper into the online collaboration biz. Cisco's shares fell 1.9%. Microsoft shares fell 3.3% on news that Goldman Sach removed MSFT from its conviction buy list, citing some degree of risk to first quarter earnings, but retained a buy rating on MSFT.

PG $56.62 -1.30 2.24% 15,612,584 NYSE: No mentions found.

MMM $72.55 -1.25 1.69% 4,302,930 NYSE: No mentions found.

TRV $48.77 -0.46 0.93% 7,274,187 NYSE: No mentions found.

UTX $59.99 -0.94 1.54% 5,951,312 NYSE: No mentions found.

VZ $30.01 -0.26 0.86% 21,799,428 NYSE: No mentions found.

WalMart WMT $49 -0.09 0.18% 21,971,708 NYSE: WSJ pB1 "WalMart Angles to Keep Those Who Traded Down" by Ann Zimmerman, MIguel Bustillo in an interview with WMT CEO Mike Duke it says he became ceo in Feb. at the depths of the recession, an unusual sweet spot for the world's largest retailer because Walmart's low prices has lured upscale shoppers looking for bargains on household necessities. Now WalMart faces the challenge of holdings onto its new higher income shoppers. Due was the former had of WalMart's international business. In 2005 WMT has $149.2 bil in revenue for the six months ended July 31 compared with $195.15 for the first half of '09. There isa phto of Duke that unfortunately has his head tilted downward so his eyes are looking upward that always gives a look of a used car salesman bearing down to make a sale.


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Here are the latest SEC filings as of 9/25/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

T AT&T: 8/28/09 two 8K's, one: announcing it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of T provided redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 7/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.

American Express AXP: 9/15/09 8K annoucing delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended June 30, July 31 and August 31, 2009.

9/2/09 10Q;

Bank of Am BAC: 9/24/09 several free writing prospectus regarding issuance of securities.

Boeing BA: 9/15/09 announcing that pursuant to a 1978 SEC settlement, BA informed the SEC of a change in its policy re the appointment of foreign consultants and to whom they report.

8/31/09 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.

8/27/09 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.

Caterpiller CAT: 9/23/09 8K announcing a new credit agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., that provides for an unsecured aggregate revolving credit facility to $2.38 billion that serves as an alternative source of funds, if necessary, for CAT's commercial paper programs.

9/21/09 8K furnishing supplemental information concerning deliveries to users for its Machinery and Engines lines of business. Caterpillar sells the majority of its machinery and engines to independently owned and operated dealers and Original Equipment Manufacturersto meet the demands of their customers, the end users. Retail Sales of Machines by marketing region for the 3-month rolling period compared with the same months of the prior year were down significantlly.

9/15/09 8K announcing CAT and Navistar International Corporation (NYSE: NAV)formed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market to be based in Chicago.

8/20/09 8K CAT filed Reg FD information concerning deliveries to users for its Machinery and Engines lines of business.

Chevron CVX: 8/6/09 10Q

Cisco CSCO: 9/23/09 Proxy Statement in connection with its Annual Meeting to be held 11/12/09.

9/11/09 10K

9/9/09 8K Cisco appointed Arun Sarin, former CEO of Vodafone Group Plc, to its Board of Directors. He will a $75,000 annual retainer, $2,000 per committee meeting attended, and 16,666 shares.

9/4/09 8K annoucing bonus payments for '09 fiscal year to: John T. Chambers, Chairman and Chief Executive Officer, $2,031,000; Frank A. Calderoni, Executive Vice President, Chief Financial Officer, $900,000; Wim Elfrink, Executive Vice President, Cisco Services and Chief Globalization Officer, $1,000,000; Randy Pond, Executive Vice President, Operations, Processes and Systems, $900,000; and Richard J. Justice, former Executive Vice President, Worldwide Operations and Business Development and current Executive Vice President – Executive Advisor, $750,000.

Coke KO: 7/30/09 10Q

Disney DIS: 9/22/09 Form S-4 Proxy and 9/16/09 Prospectus related to the takeover of Marvel.

8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.

DuPont DD: 8/13/09 8K announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the DD's Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009. Richard R. Goodmanson, EVP and Chief Operating Officer will retire effective September 30, 2009.

ExxonMobil XOM: 8/5/09 10Q

GE: 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the Rail business.

Hewlett-Packard HPQ: 9/24/09 8K saying at its Securities Analyst Meeting, HPQ addressed how it is uniquely positioned to grow and expand in the global information technology market. “We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market,” said Mark Hurd, CEO.

9/17/09 8K On 9/17/09 HPQ elected Marc L. Andreessen as a dierctor and chair of the Technology Committee of the Board. Andreessen is a co-founder and general partner of Andreessen Horowitz, a venture capital firm, and a co-founder and chairman of Ning, Inc., an online platform for people to create their own social networks. Andreessen co-founded Opsware Inc. & served as chief technology officer of America Online, Inc. and was a co-founder of Netscape Communications Corporation. Andreessen gets an retainer of $100,000, an annual equity retainer of $150,000, and $2,000 in cash for each Board meeting attended in excess of six per year. Mr. Andreessen also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP paying the remaining 75%. In addition, Mr. Andreessen will receive an annual retainer of $10,000 for service as the chair of the Technology Committee. HPQ also increased the number of HPQ directors from ten to eleven.

9/8/09 10-QA

9/4/09 10-Q

Home Depot HD: 9/3/09 10-Q

8/26/09 8K announcing amendments to their By-Laws dealing with resignations of directors.

Intel INTC: 9/21/09 A tender offer regarding exchange of some of its stock options with its employees.

9/16/09 An intranet article re the Stock Option Exchange Program.

9/15/09 8K Intel is consolidating all of its major product divisions into the newly formed Intel Architecture Group, which will be co-managed by Sean Maloney and David (Dadi) Perlmutter, executive vice presidents. Maloney will be responsible for business and operations while Perlmutter will lead product development and architecture. Paul Otellini, CEO, will devote more time to corporate strategy and driving the company’s growth initiatives. Intel’s global manufacturing organization, the Technology and Manufacturing Group will now report to Andy Bryant, Intel’s chief administrative officer. Pat Gelsinger and Bruce Sewell, General Counsel, will leave INTC.

8/28/09 8K announcing that as a result of stronger than expected demand for microprocessors and chipsets, Intel now expects revenue for the third quarter to be $9.0 billion, plus or minus $200 million, as compared to the previous range of $8.5 billion, plus or minus $400 million. The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 53 percent, plus or minus two percentage points. The company is scheduled to report its third-quarter financial results on Oct. 13.

IBM: 9/8/09 8K IBM representatives will be meeting with a number of institutional investors through mid-September.

7/28/09 10Q

JPMorganChase JPM: 9/23/09 Various free writing prospectus re: issuance of securities.

9/17/09 prospectus reReverse Exchangeable Notes due December 21, 2009 Linked to Eight Equally Weighted Reference Stocks and in preceding days there were similar prospectuses.

9/2/09 Free Writing Prospectus relating to Core commodity C-IGAR Sigma Long-Short Index

Johnson & Johnson JNJ: 8/4/09 10Q

Kraft KFT: 9/9/09 prospectus relating to Kraft's bid to take over Cadbury that was announced on 9/7/09.

9/9/09 8K announcing a strategic update, including a review of the company’s successful three-year turnaround plan.

8/5/09 10Q

McDonalds MCD: 9/9/09 8K announcing that global comparable sales rose 2.2% in August and by segment performance was as follows: U.S. up 1.7%; Europe up 3.5%; andAsia/Pacific, Middle East and Africa declined 0.5%.

8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"

Merck MRK: 9/21/09 8K announcing that the acquisition by Sanofi-aventis of Merck’s 50 percent interest in Merial Limited (Merial) has been completed. Sanofi-aventis acquired Merck’s interest in Merial for a cash consideration of $4 billion. Formed in 1997, Merial is a leading animal health company that was a 50/50 joint venture between Merck and sanofi-aventis and is now a wholly-owned subsidiary of sanofi-aventis.

8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough

Microsoft MSFT: 9/11/09 8K James Cash to retire from Board of Directors. The
Harvard Business School professor and senior associate dean emeritus had served on the board since 2001. With Cash’s departure, the Microsoft board will have nine members: Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co. Inc.; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of AT&T Corp.; and Dr. Helmut Panke, former chairman of the board of management at BMW AG.

8/24/09 S-8 Securities to be offered to employees in employee benefit plans

Pfizer PFE: 9/24/09 11-K Annual Report of Employee Stock Option Plan.

9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.

Procter & Gamble PG: 9/10/09 8K confirmed its fiscal year 2010 and July – September quarter outlook for organic sales growth. The company also stated it expects to return to organic sales growth in the October – December quarter compared to prior year levels, following two quarters of organic sales declines. P&G also updated earnings per share guidance to include the anticipated impacts from the Pharmaceutical divestiture, which was announced on August 24, 2009. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of one to three percent. P&G expects net sales in the range of flat to up three percent versus prior year levels, which includes a foreign exchange impact of zero to minus one percent. P&G now expects fiscal 2010 earnings per share in the range of $3.99 to $4.12 per share. This includes a one-time net increase in earnings of $0.44 per share from the sale of the Pharmaceutical business, which will be partially offset by $0.10 to $0.12 per share of earnings dilution related to the transaction.

8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.

3M MMM: 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.

Travelers TRV: 8/5/09 10Q/A Amended 10Q

United Technologies UTX: 7/24/09 10Q

Verizon Communications Inc. VZ: 8K 9/11/09 8K announcing VZ's cash flow and balance sheet are strong, and VZ recently increased its dividend for the third consecutive year. VZ is not planning for any economic improvements in the second half of 2009. Verizon expects that economic conditions will continue to pressure revenues and margins in the second half of 2009, particularly in its Wireline segment. VZ expects to add one million wireless customers per quarter for the next several quarters.
o The company expects to achieve its stated Alltel cost synergy targets & greater cash flow from operations in the second half of 2009 compared to the first half of 2009.

9/4/09 8K VZ raised its quarterly dividend 3.3% to 47.5 Cents per Share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.

9/4/09 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc.

Wal-Mart WMT: 8K 9/18 Pricing agreement re: the 9/16 filed prospectus relating to $1 bil of Euro Note Offering at 4.875%

9/14/09 Prospectus re debt securities of $364,600,000

9/9/09 10Q

8/13/09 8K re 7/31/09 2Q report of earnings

Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis (on 10/1 he announced his resignation as of year-end).
BA W. James McNerney, Jr.
CAT James W. Owens
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Rogert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 9/25/09:

1. Exxon Mobil XOM $331
2. Microsoft MSFT 231
3. WalMart WMT 196
4. GE 176
5. Procter & Gamble PG 169
6. JPMorgan Chase 167
7. Johnson & Johnson JNJ 167
8. IBM 162
9. At&t T 159
10. Chevron CVX 142
11. Cisco CSCO 131
12. Coke KO 121
13. Hewlett-Packard HPQ 112
14. Pfizer PFE 111
15. Intel INTC 109
16. Bank of Am BAC 109
17. Verizon VZ 86
18. Merck MRK 65
19. McDonald's MCD 61
20. United Technologies UTX 59
21. Disney DIS 52
22. 3M MMM 52
23. Home Depot 46
24. American Express AXP 40
25. Kraft KFT 39
26. Boeing BA 38
27. Caterpillar CAT 32
28. DuPont DD 29
29. Traveler's TRV 27
30. Alcoa AA 13