10/8/09 am Thurs. Alcoa Back in Black

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Post #148 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.

A read of Thursday's 10/8/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, & USA Today 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:

Dow: The Dow Jones Industrial Average closed Wednesday at 9725.58 down 5.67 or 0.06% from Tuesday's close of 9719.61. Of the 30 Dow Companies: 12 declined and 18 gained. The biggest gainer percentage wise was AA $14.2 +0.31 2.23% 46,179,915 NYSE and dollarwise was IBM $122.78 +1.43 1.18% 5,755,612 NYSE.

WSJ pC1 "Dow Declines 5.67 Points As Earnings Start" by Peter A. McKay says stocks were little changed as investors paused after 2 days of gains, awaiting the start of 3Q reporting season. After moving in a tight range all day, the Dow Jones Industrial Average ended 5.67 points lower off 0.1$. Alcoa, traditionally the first of its components to report quarterly results led the gains in percentage terms, up 2.2% during regular trading. After the close, the aluminum giant reported better than expected profit and a quarter over quarter rise in rev thanks to rpice increases. Alcoa's shares were up about 6% in after hours trading. AT&T fell 2.1% after saying it will allow Internet based phone calls on Apple's iPhone, for which AT&T has an exclusive contract to provide traditional cellphone service.

WSJ pC6 "Large Stock Focus - BofA, Freeport Gain; Fifth Third Adds 2.8%" by Geoffrey Rogow says investors braced for the start of earnings season by pulling out of AT&T, Verizon Communications and other telecom companies buy buying banks such as Bank of America in a light volume session. After the FCC chairman said he intends to proceed with Internet openness rules for cellular carriers, AT&T closed down 2.1%, while Verizon dropped 1%. AT&T is charted under "Bad Neews" saying the company will now allow Intrent phone software applications on Apple's iPhone to run on its 3G network.

Fin Times p24 "Rally stutters as investors prepare for earnings season" by Samantha Pearson says a shake-up in the telecoms sector and mixed results from consumer groups created uncertainty on Wall Street, causing the market to stall after its 2 day rally. Investors were also bracing themselves ahead of the third quarter earnings season, due to start official with results from Alcoa which reported after the bell yesterday. Telecom stocks led the declnes in early trading after AT&T reversed its policy on internet voice apps. Bowing to pressure from regulators and consumers, it said it would allow inexpensive internet phone calls to be placed through its networks from Apple's iPhones. AT&T lost 2.1% and concern spread to the rest of the sector. Verizon communications, the largest US mobile phone company lost 1.1%. Meanwhile, Deutsche Bank upgraded Coca-Cola to buy, helping lift its shares 0.9%.

NYT pB14 "Shares are Falt as Investors Await Earnings Reports" by jack Healy says after 2 days of significant gains, shares wandered Wed. as investors waited fro companies to begin announcing resuls of 3Q.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of open today the Dow's trailing P/E ratio is 15.69 up from yesterday's 15.31, its P/E estimate is 15.32 unchanged and its Dividend yield is 2.87 down from yesterday's 2.94.

Wednesday's Dow Jones Industrial Average closing numerator was 1286.09 down 1.54 from Tuesday's closing Dow numerator of 1287.63. 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 1.54 by the divisor you get 5.67, the decrease in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 42.87 down from Tuesday's Dow Jones Industrial Average closing price of 42.92. The median closing price of Wednesday's Dow Jones Industrial Average was 39.85 up 0.64 from Tuesday's Dow Jones median closing price of 39.21.

The highest closing price Wednesday again was IBM $122.78 +1.43 1.18% 5,755,612 NYSE and the lowest closing price Aednesday again was Alcoa AA $14.2 +0.31 2.23% 46,179,915 NYSE. The lowest volume Wednesday again was 3M MMM $73.14 -0.79 1.07% 3,147,613 NYSE and the highest volume again was Bank of Am BAC $17 +0.04 0.24% 195,354,732 NYSE.

AT&T T $26.18 -0.97 3.57% 38,124,530 NYSE: WSJ pB9 "Dell to Build Phone for AT&T - PC maker's Mobile Foray Is Also a Boost for Google's Android Software" by Jessica E. Vascellaro, Justin Scheck says in a big win for Google Inc., Dell Inc. plans to introduce a smart phone using Google software on the AT&T cellular network. Dell is expected to launch the phone in the US as soon as early next year. With an AT&T deal, all 4 major US cellular networks would carry phones using Google's Android operating system, a key step in the Internet giant's attempt to extend its dominance of the pc world to mobile phones.

WSJ pC6 "Large Stock Focus - BofA, Freeport Gain; Fifth Third Adds 2.8%" by Geoffrey Rogow says investors braced for the start of earnings season by pulling out of AT&T, Verizon Communications and other telecom companies buy buying banks such as Bank of America in a light volume session. After the FCC chairman said he intends to proceed with Internet openness rules for cellular carriers, AT&T closed down 2.1%, while Verizon dropped 1%. AT&T is charted under "Bad Neews" saying the company will now allow Internet phone software applications on Apple's iPhone to run on its 3G network.

WSJ pC10 "AT&T Risk Losing Voice to Skype - Heard on the Street" says AT&T's decision on Tues, to allow the use of Internet phone apps like Skype on the iphone says it will further strain AT&T's already strained cell network because of all the iPhone users' heavy Web downloading. AT&T already allows Internet calls on its network for other devices, as does Verizon Wirelss, with no obvious impact.

Fin Times p5 "Surge in wireless traffic risks US spectrum crisis" by Joseph Menn, Chris Nuttall said the head of the US FCC said yesterday that there is not enough room in the airwaves for the explosion in wireless data traffic, setting the state for a big realignment of spectrum usage as the gov tries to help mobile carriers keep up with consumer demand. AT&t has been overwhelmed with a 5,000 per cent increase in wireless data consumption in 3 years, driven by the minority of customers who own Apple's iPhone. For now, AT&T is the exclusive US carrier for that device.

Fin Times p24 "Rally stutters as investors prepare for earnings season" by Samantha Pearson says a shake-up in the telecoms sector and mixed results from consumer groups created uncertainty on Wall Street, causing the market to stall after its 2 day rally. Investors were also bracing themselves ahead of the third quarter earnings season, due to start official with results from Alcoa which reported after the bell yesterday. Telecom stocks led the declnes in early trading after AT&T reversed its policy on internet voice apps. Bowing to pressure from regulators and consumers, it said it would allow inexpensive internet phone calls to be placed through its networks from Apple's iPhones. AT&T lost 2.1% and concern spread to the rest of the sector. Verizon communications, the largest US mobile phone company lost 1.1%. Meanwhile, Deutsche Bank upgraded Coca-Cola to buy, helping lift its shares 0.9%.

NYT pB10 "In Choosing a New Phone, Online Research Goes Only So Far" by Bob Tedeschi talks about how to buy a new cellphone and recommends AT&T's Web site, where there are often deep discounts.

AJC pA16 says Dell is wroking on a smart phone for AT&T that runs Google's Android phone operating system.

Alcoa AA $14.2 +0.31 2.23% 46,179,915 NYSE: WSJ pB1 "Demand, Cost cuts Put Alcoa in Black" by Robert guy Matthews says Alcoa Inc. buoyed by cost-cutting efforts and glimmers of increasing demand for aluminum, reported a 3Q profit, reversing a string of losses and providing a surprisingly upbeat start to the quarterly earnings season. Alcoa posted a profit of $77 mil, or 8 cents a share. This is a 71% decline from a year earlier, still it hinted that the worst of the recession may have passed, and that raw materials markets are on the upswing after more htan 9 months of step declines. Analysts had expected the Pittsburg based company, the first blue chip to report results for the quarter, to post a loss of 9 cents a share. Its latest profit followed 3 straight quarters of losses. Rev fell 33% to $4.6 bil from $7 bil a year earlier.

Also reported at NYT pB8.

AXP $33.99 +0.47 1.4% 8,601,231 NYSE: No mentions found.

Bank of America BAC $17.35 +0.35 2.06% 150,750,329 NYSE: WSJ pA6 "Plan to Let States Set Bank Rules Split Democrats" by Damian Paletta says a White House proposal for a new fed. agency to police mortgages and credit cards has triggered a clash among House Democrats and complicates efforts to overhaul the financial market rules. The issue is whether states should trump fed regulations and enforce their own, often tougher consumer rules against national banks such as Bank of America Corp., J.P. Morgan Chase and Wells Fargo & Co. This would permit states to bar certain fees and late charges otherwise allowed by fed. regulators.

WSJ pC3 "Same Story, Different Quarter for Banks" by Matthias Rieker says it likely will be business as usual when the big US banks start reporting 3Q results next week: depressingly familiar, with shrinking earnings and higher loan losses. At JP Morgan Chase, the largest US bank by market cap, which reports next Wed and has weathered the recession better than most US banks, the analysts estimate is for a profit of $1.8 bi and for BofA, the No 2 bank, they expect a loss of about $630 mil when the Charlotte, NC bank reports 3Q results Oct. 16.

NYT pB1 "In Merrill's Failed Plan, Lessons for Pay Czar" by Louise Story examines Merrill Lynch's exec compensation plan that Merrill Lynch adopted voluntarily in '06 - 2 years before the company collapsed into the hands of Bank of America. She is highly critical of it.

AJC pA16 says the SEC has asked for ajury to hear any triable issues related to its lawsuit against Bank of america.

BA $51.79 -0.50 0.96% 3,638,393 NYSE: No mentions found.

CAT $51.9 +0.20 0.39% 7,406,895 NYSE: No mentions found.

Chevron CVX $70.51 -0.05 0.07% 6,854,856 NYSE: WSJ pB4 "ConocoPhillips to Sell $10 Bil in Assets" by Ben Casselman, Isabel Ordonex says ConocoPhillips will slash spending and sell assets as the debt laden energy company scales back its operations in the face of weak demand for oil and natural gas. Conoco is the 3rd largest US oil company by revenue and market cap. Its growth by acquisition strategy ahs stood in contrast to the tacics of Chevron and Exxon Mobil which has focused more on exploration.

CSCO $23.61 +0.26 1.11% 43,142,654 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.81 +0.49 0.9% 10,321,467 NYSE: WSJ pA17 "Coke Didn't Make America Fat" by KO's CEO Muhtar Kent is an opinion piece about how those at the Coca-Cola company are committed to working with gov. and health organizations to implement effective solutions to address the complex issue of obesity and how important it is for all Americans to address this important issue and so on . . .

DIS $28.17 -0.01 0.04% 6,838,413 NYSE: No mentions found.

DD $31.78 -0.11 0.34% 4,714,691 NYSE: No mentions found.

ExxonMobil XOM $68.67 +0.01 0.01% 15,135,524 NYSE: WSJ pB4 "ConocoPhillips to Sell $10 Bil in Assets" by Ben Casselman, Isabel Ordonex says ConocoPhillips will slash spending and sell assets as the debt laden energy company scales back its operations in the face of weak demand for oil and natural gas. Conoco is the 3rd largest US oil company by revenue and market cap. Its growth by acquisition strategy has stood in contrast to the tactics of Chevron and Exxon Mobil which has focused more on exploration.

WSJ pC10 "heard on the Street - No Clean Sweep for Conoco" says Conoco has reinvested almost four fifths of its cash flow over the past decade in landmark deals such as '06's acquisition of Burlington Resources. This is well above the rate for Chevron and Exxon Mobil.

GE $16.16 +0.08 0.5% 60,370,172 NYSE: No mentions found.

HPQ $46.56 -0.45 0.96% 10,888,211 NYSE: No mentions found.

HD $26.14 -0.15 0.57% 13,397,155 NYSE: No mentions found.

INTC $19.75 +0.12 0.61% 49,327,825 NASDAQ-GS: No mentions found.

IBM $122.78 +1.43 1.18% 5,755,612 NYS: NYT pB1 "Antitrust Inquiry for IBM" by Ashlee Vance, Steve Lohr says the Justice Dept. has started an investigation into whether IBM has abused its monopoly position in the market for mainframe computer. It is seeking info about IBM's biz practices from companies that compete with IBM for large computer hardware and software. This followed a complaint filed by the Computer and Communications Industry Association, a trade group with a history of involvement in antitrust disputes. The organization is backed by IBM competitors like Microsoft and Oracle, contends that IBM stymied competition in the mainframe market and blocked efforts by competitors and potential partners to license IBM's software. The complaint follows similar legal action taken by small rival - T3 Technologies against IBM.

JPMorgan JPM $45.7 -0.79 1.76% 35,632,416 NYSE: WSJ pA6 "Plan to Let States Set Bank Rules Split Democrats" by Damian Paletta says a White House proposal for a new fed. agency to police mortgages and credit cards has triggered a clash among House Democrats and complicates efforts to overhaul the financial market rules. The issue is whether states should trump fed regulations and enforce their own, often tougher consumer rules against national banks such as Bank of America Corp., J.P. Morgan Chase and Wells Fargo & Co. This would permit states to bar certain fees and late charges otherwise allowed by fed. regulators.

AJC pA16 says an attempt by former Washington Mutual employees to recoup their retirement account losses from JPMorgan Chase has been dismissed.

JNJ $60.71 -0.42 0.7% 7,230,461 NYSE: No mentions found.

Kraft KFT $26.05 -0.04 0.15% 7,744,578 NYSE: Fin Times p 16 "Brand loves bite back at Kraft revamp" by Jenny Wiggins says when Kraft renamed its new Australian yeast and cheese sperad "Vegemite Cheesbite" after a national backlast against an earlier choice, Kraft acknowledged the danger of meddling with well loved brands.

WSJ pC10 "Kraft Should Cut Down on Any Sweeteners" says the phony chocolate war is nearly over. Kraft Foods has until Nov. 9 to make a formal offer for Cadbury or walk away. It is hard to see why Kraft shold improve its original 11.86 per share proposal. Cadbury says it is worth more.

MCD $57.14 -0.30 0.52% 7,265,795 NYSE: No mentions found.

MRK $32.19 -0.32 0.98% 11,233,885 NYSE: No mentions found.

Microsoft MSFT $25.1 -0.01 0.04% 37,276,003 NASDAQ-GS: WSJ pB1 "EU, Microsoft Near End in Antitrust Tussle - Kroes Welcomes Software Giant's Move to Give PC Users Choice of Web Browsers" by Charles Forelle, Peppi Kiviniemi says the European Union signaled it would accept a settlement proposal outlined this summer by Microsoft Corp. that would resolve antitrust charges over the Internet Explorer Web browser, drawing the software giant closer to ending nearly a decade of tussles with the bloc's regulator. Neelie Kroes, EU antitrust chief, could wind up her probe by year end.

Also reported by james Kanter at NYT pB2 & at p1 of Fin Times by Nikki Tait, Richard Waters.

WSJ pD1 "A Windows to Help You Forget" by Walter S. Mossberg says on Oct. 22, Microsfot's long oeprating system wnightmare will be over with the release of Windows 7, a faste and much better operating system than the little lvoed Windows Vista, which did a lot to harm Microsoft's reputation and the productivity and blood pressure of its users.

PFE $16.69 -0.09 0.54% 41,722,708 NYSE: No mentions found.

PG $56.95 -0.08 0.14% 7,562,707 NYSE: No mentions found.

MMM $73.14 -0.79 1.07% 3,147,613 NYSE: No mentions found.

TRV $48.93 -0.60 1.21% 5,130,670 NYSE: No mentions found.

UTX $61.07 -0.42 0.68% 2,354,839 NYSE: No mentions found.

Verizon VZ $29.38 -0.79 2.62% 18,631,930 NYSE: WSJ pC6 "Large Stock Focus - BofA, Freeport Gain; Fifth Third Adds 2.8%" by Geoffrey Rogow says investors braced for the start of earnings season by pulling out of AT&T, Verizon Communications and other telecom companies buy buying banks such as Bank of America in a light volume session. After the FCC chairman said he intends to proceed with Internet openness rules for cellular carriers, AT&T closed down 2.1%, while Verizon dropped 1%. AT&T is charted under "Bad Neews" saying the company will now allow Intrent phone software applications on Apple's iPhone to run on its 3G network.

WSJ pC10 "AT&T Risk Losing Voice to Skype - Heard on the Street" says AT&T's decision on Tues, to allow the use of Internet phone apps like Skype on the iphone says it will further strain AT&T's already strained cell network because of all the iPhone users' heavy Web downloading. AT&T already allows Internet calls on its network for other devices, as does Verizon Wirelss, with no obvious impact.

Fin Times p24 "Rally stutters as investors prepare for earnings season" by Samantha Pearson says a shake-up in the telecoms sector and mixed results from consumer groups created uncertainty on Wall Street, causing the market to stall after its 2 day rally. Investors were also bracing themselves ahead of the third quarter earnings season, due to start official with results from Alcoa which reported after the bell yesterday. Telecom stocks led the declnes in early trading after AT&T reversed its policy on internet voice apps. Bowing to pressure from regulators and consumers, it said it would allow inexpensive internet phone calls to be placed through its networks from Apple's iPhones. AT&T lost 2.1% and concern spread to the rest of the sector. Verizon communications, the largest US mobile phone company lost 1.1%. Meanwhile, Deutsche Bank upgraded Coca-Cola to buy, helping lift its shares 0.9%.

WMT $49.49 -0.01 0.02% 11,589,691 NYSE: No mentions found.
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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 Robert 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