10/25/09 Sun. Verizon reports Results Mon; Exxon on Fri

WE CAN ALSO BE FOUND AT WWW.DOWJONESMONITOR.COM

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

Post #177 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 a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 10/12/09 and an update of the Dow 30's most recent SEC filings as of 10/12/09.

A read of Sunday's 10/25/09 print editions of: New York Times, Atlanta Journal Constitution, & 10/25/09 issue of Barron's 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:: NYT Bus. Sec. p4 "In This 10-Year Race, Bonds Win by a Mile" by Jeff Sommer says the Dow has crossed 10,000 more than 20 times starting in late March. '99. In the 10 years since the, most stock investors lost money. During the same time bonds did well. There is a chart of annualized returns for 4 types of bonds and they all did well as compared to the S&P 500. The article ends up with a discussion of the views of Benjamin Graham and David Dodd, the fathers of the classic work "Security Analysis" in he 1930's who classified investment choices as being between stocks and bond.

AT&T T $25.73 -0.37 1.42% 36,791,140 NYSE: BRNs p34 "Tech Trader" by Eric J. Savitz says Apple has telegraphed that the days of AT&T's position as he exclusive US carrier for the iPhone are numbered. Apple has already taken a multiple carrier approach in the UK. Fred Hickey the owner of the High Tech Strategist thinks Apple will sign on Verizon Communications as a second US distributor sometime in '10.

Alco AA $13.73 -0.31 2.21% 28,858,938 NYSE: No mentions found.

American Express AXP $34.58 -1.86 5.1% 21,489,992 NYSE: No mentions found.

Bank of America BAC $16.22 -0.30 1.82% 180,423,798 NYSE: BRN's "Last Week . . ." p20 says Bank of America swung to a larger than expected quarterly loss, hurt by bad loans and a punk consumer.

BRN's "Last Week . . ." p20 says smoking emails show BofA agreed to buy Merrill after the Fed chair said it might boost BofA shares.

Boeing BA $49.89 -1.18 2.31% 5,820,177 NYSE: No mentions found.

Caterpillar CAT $57.6 -1.14 1.94% 8,727,613 NYSE: No mentions found.

Chevron CVX $76.68 -0.61 0.79% 8,257,772 NYSE: No mentions found.

Cisco CSCO $24.17 -0.01 0.04% 42,316,065 NASDAQ-GS: BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

BRNs p29 "Cover Story - Lunch Time!" by Mark Veverka says tech giants like Hewlett-Packard and Oracle are increasingly swallowing smaller fish to grow and lists 4 networking and 6 server software companies most likely to be consumed. Cisco is boldly moving into the server business. Fundamental and takeover interest overlap on some target stocks and beneficiaries of all this interest in the new tech environment include Hewlett-Packard, Microsoft and Intel. Cisco's entry into computer servers earlier this year served notice to other big enterprise computing entities such as IBM, HP and Dell that it was coming into their markets. That prompted these firms to start looking over Cisco's primary markets in networking gear, which includes switches and routers that tie everything together in a data center. Acquisitions of networking companies would help these companies jump into Cisco's backyard. It says Microsoft may buy Citrix and that IBM due to antitrust problems may not buy BMC.

Coca-Cola KO $53.24 -0.91 1.68% 10,697,495 NYSE: BRN's pM17 "Gains Unbottled - PepsiCo exec sells $2.4 bil in shares" by Miriam Gottfried says PepsiCo stock has risen 29% over the past 6 months slightly more than the 26% gain for Coca-Cola in the same period.

Disney DIS $28.89 -0.55 1.87% 9,710,809 NYSE: NYT Bu. p5 The Skinnier Look Of Studio Management" by Michael Cieply says film studio management keeps getting thinner noting that Disney said it was trimming about 50 employees at its Miramax unit, which cut output more than half to about 3 films a year. Studios are hunting for raucous comedies, relatively low cost movies with high upside potential. The cuts have been part of Hollywood's effort to reduce production as rev, particularly as DVD sales fall. The cuts came shortly after Dick Cook, the chairman of Walt Disney Studios, resigned under pressure as his operation's bottom line weakened.

DuPont DD $33.23 -0.82 2.41% 7,216,260 NYSE: No mentions found.

Exxon Mobil XOM $73.57 -0.87 1.17% 20,460,208 NYSE: BRN's "Week Preview . . ." p21 says on Thurs. 10/29 Exxon Mobil reports results.

GE $15.2 -0.14 0.91% 86,737,008 NYSE: BRNs pM16 Research Reports edited by Anita Peltonen reviews a report by Singular Research on 10/19 that it is a sell. The report says GE's Capital Services unit's earnings are down 94%, nonearning assets continue to grow, pointing to higher losses in future quarters; industrial orders trends remain flat; total revs declined 20% below their forecast of 10%, operating profit of $1.97 bil was below Singular's est. of $2.94 bil due to worse than expected performance from GECS, the loan portfolio continues to decline while nonearning assets and allowance for losses continues to increase. Also GE Indusrtial revs were down 13%. Orders of $18.4 bil were down 18% y/o/y and approximately flat sequentially. EPS declined 49.4 to 23 cents, below their est. GE reported a net tax benefit of $484 mil or 5 cents per share versus consensus est. of 22 cents. GECS revs were down 31% to $12.7 bil. ECS had an operating loss of $1 bil, down from $333 mil in 2Q '09 and a profit of $1.6 bil in 3Q '08. There are more reasons given for the "sell."

Hewlett-Packard HPQ $48.56 +0.24 0.5% 13,478,910 NYSE: BRNs p29 "Cover Story - Lunch Time!" by Mark Veverka says tech giants like Hewlett-Packard and Oracle are increasingly swallowing smaller fish to grow and lists 4 networking and 6 server software companies most likely to be consumers. Cisco is boldly moving into the server business. Fundamental and takeover interest overlap on some target stocks and beneficiaries of all this interest in the new tech environment include Hewlett-Packard, Microsoft and Intel. Cisco's entry into computer servers earlier this year served notice to other big enterprise computing entities such as IBM, HP and Dell that it was coming into their markets. That prompted these firms to start looking over Cisco's primary markets in networking gear, which includes switches and routers that tie everything together in a data center. Acquisitions of networking companies would help these companies jump into Cisco's backyard. It says Microsoft may buy Citrix and that IBM due to antitrust problems may not buy BMC.

BRNs p25 "Sounds Like a Dinosaur, but It's No Small-Brainer" article by Sandra Ward has an article about Teradata, "the undisputed leader in the field of business intelligence" that helps companies mine the raw data they're sitting on and big companies see it as a resource. IBM and others pay big bucks to attend their 24th annual meeting last week of the Partners Conference. WalMart, a long time Teradata customer learned that in regions threatened by hurricanes it should stock its shelves with Pop-Tarts, flashlights, batteries, etc. Home Depot inked a deal to use Teradata's flagship enterprise data warehouse system. Its shares outperform its rivals such as IBM, Oracle and Netezza. Hewlett-Packard may buy it because its CEO, Mark Hurd, was former head of NCR which used to own Teradata.

Home Depot HD $26.27 -0.45 1.68% 16,248,363 NYSE: BRNs p25 "Sounds Like a Dinosaur, but It's No Small-Brainer" article by Sandra Ward has an article about Teradata, "the undisputed leader in the field of business intelligence" that helps companies mine the raw data they're sitting on and big companies see it as a resource. IBM and others pay big bucks to attend their 24th annual meeting last week of the Partners Conference. WalMart, a long time Teradata customer learned tht in regions threatened by hurricanes it should stock its shelves with Pop-Tarts, flashlights, batteries, etc. Home Depot inked a deal to use Teradata's flagship enterprise data warehouse system. Its shares outperform its rivals such as IBM, Oracle and Netezza. Hewlett-Packard may buy it because tis CEO, Mark Hurd, was former head of NCR which used to own Teradata.

Intel INTC $19.78 -0.34 1.69% 82,417,110 NASDAQ-GS: No mentions found.

IBM $120.36 -2.33 1.9% 6,734,737 NYSE: BRNs p25 "Sounds Like a Dinosaur, but It's No Small-Brainer" article by Sandra Ward has an article about Teradata, "the undisputed leader in the field of business intelligence" that helps companies mine the raw data they're sitting on and big companies see it as a resource. IBM and others pay big bucks to attend their 24th annual meeting last week of the Partners Conference. WalMart, a long time Teradata customer learned tht in regions threatened by hurricanes it should stock its shelves with Pop-Tarts, flashlights, batteries, etc. Home Depot inked a deal to use Teradata's flagship enterprise data warehouse system. Its shares outperform its rivals such as IBM, Oracle and Netezza. Hewlett-Packard may buy it because its CEO, Mark Hurd, was former head of NCR which used to own Teradata.

BRNs p28 "Why Big Blue Will Pull Through" by Leslie P. Norton is a follow up to an earlier story and says MBM has had problems: a DOJ investigation that Big Blue monopolized he mainframe market which account for a fifth of rev; 3Q results were disappointing which caused a 5.2% sell off in the shares: and now Robert Moffatt, a top IBM exec, is being charged with insider law violations in the Galleon hedge fund scandal. But the colossus of Armonk, NY will pull through and is poised to continue the long term rise Barron's predicted in '06.
Moffat is being replaced by Rodney Adkins who has led systems and development. Over the past 10 years, IBM has increased earnings 10% a year, even though revs have grown just 3%. Toni Sacconaghi of Bernstein thinks IBM will earn $11 a share in 2011 and he thinks the stock could be worth more than $150.

BRNs p29 "Cover Story - Lunch Time!" by Mark Veverka says tech giants like Hewlett-Packard and Oracle are increasingly swallowing smaller fish to grow and lists 4 networking and 6 server software companies most likely to be consumers. Cisco is boldly moving into the server business. Fundamental and takeover interest overlap on some target stocks and beneficiaries of all this interest in the new tech environment include Hewlett-Packard, Microsoft and Intel. Cisco's entry into computer servers earlier this year served notice to other big enterprise computing entities such as IBM, HP and Dell that it was coming into their markets. That prompted these firms to start looking over Cisco's primary markets in networking gear, which includes switches and routers that tie everything together in a data center. Acquisitions of networking companies would help these companies jump into Cisco's backyard. It says Microsoft may buy Citrix and that IBM due to antitrust problems may not buy BMC.

J.P. Morgan Chase JPM $45.23 -0.48 1.05% 27,496,037 NYSE: BRN's "Last Week . . ." p20 says JP Morgan Chase passed Goldman Sachs in m&A advisory fees.

Johnson & Johnson JNJ $60.54 -0.40 0.66% 10,654,010 NYSE: No mentions found.

Kraft KFT $27.05 -0.06 0.22% 10,397,817 NYSE: BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

McDonald's MCD $59.43 -0.07 0.12% 7,586,233 NYSE: BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

Merck MRK $32.43 -0.44 1.34% 16,822,041 NYSE: BRNs p49 "The King of Catalyst-Capture" by Lawrence C. Strauss interviews Jerry Senser, CEO of Institutional Capital who says he likes Schering-Plough which is set to merge with Merck in the next several weeks. This merger will result in excellent opportunities for the two to reduce costs. They have already announced a target of about $3.5 bil in costs synergies for the merged company to be realized by the end of 2011 which represent about 23% of Schering's operating expenses. The new Merck will have a better than average set of products, including a drug, Isentress for HIV and Schering is developing a blood thinner called a thrombin receptor antagonist. Next year's consensus earnings est for Merck is $3.40 a share, so the stock is trading at 10 times earnings. The merged company will generate a lot of cash and last week Mrk reported stronger than expected 3Q profits. Schering Plough's 3Q earnings were down year over year, owing partly to charges for the pending merger.

Microsoft MSFT $28.02 +1.43 5.38% 281,089,053 NASDAQ-GS: BRN's "Last Week . . ." p20 says Microsoft's profit fell but it said demand was good for its new Windows program.

BRN's charts Microsoft a pM8 saying although its revs and profits were down MSF easily topped Wall Sreet's expectations in its 1Q.

BRNs p29 "Cover Story - Lunch Time!" by Mark Veverka says tech giants like Hewlett-Packard and Oracle are increasingly swallowing smaller fish to grow and lists 4 networking and 6 server software companies most likely to be consumers. Cisco is boldly moving into the server business. Fundamental and takeover interest overlap on some target stocks and beneficiaries of all this interest in the new tech environment include Hewlett-Packard, Microsoft and Intel. Cisco's entry into computer servers earlier this year served notice to other big enterprise computing entities such as IBM, HP and Dell that it was coming into their markets. That prompted these firms to start looking over Cisco's primary markets in networking gear, which includes switches and routers that tie everything together in a data center. Acquisitions of networking companies would help these companies jump into Cisco's backyard. It says Microsoft may buy Citrix and that IBM due to antitrust problems may not buy BMC.

BRNs p35 "Plugged In" by Tiernan Rays says Yahoo! inked a deal with Microsoft this summer to boost its standing in search advertising relative to Google that will preoccupy Yahoo and the team working on Microsoft's Bing search engine which is why he likes Google over Yahoo.

Pfizer PFE $17.25 -0.31 1.77% 59,292,345 NYSE:BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

Procter & Gamble PG $57.64 -0.49 0.84% 10,648,499 NYSE:BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

3M MMM $77.82 -0.97 1.23% 5,421,000 NYSE:BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

Travelers TRV $51.3 -0.40 0.77% 4,878,237 NYSE:BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

United Technologies UTX $65.81 -0.09 0.14% 5,524,665 NYSE:BRN's pM9 "Resurrecting Those Old Merger Spirits" by Vito J. Tacanelli says there's been a big drop from the M&A deal highs of '07, but a string of recent M&A announcements says M&A may be picking up and notes that Cisco Systems has bid for Norway's Tandberg and Kraft Foods is pursuing Cadbury.

Verizon VZ $28.85 -0.17 0.59% 19,760,320 NYSE: BRN's "Week Preview . . ." p21 says on Monday 10/26 Verizon will report earnings for 3Q with consensus estimate at 0.59 compared to 0.66 a year ago.

Wal-Mart WMT $50.44 -0.04 0.08% 15,047,772 NYSE: BRN's p11 "Streetwise" by Michael Santoli says that some investors like Amazon because of the idea it is becoming his generation's WalMart, the ultimate discounter & innovator.

BRNs p25 "Sounds Like a Dinosaur, but It's No Small-Brainer" article by Sandra Ward has an article about Teradata, "the undisputed leader in the field of business intelligence" that helps companies mine the raw data they're sitting on and big companies see it as a resource. IBM and others pay big bucks to attend their 24th annual meeting last week of the Partners Conference. WalMart, a long time Teradata customer learned tht in regions threatened by hurricanes it should stock its shelves with Pop-Tarts, flashlights, batteries, etc. Home Depot inked a deal to use Teradata's flagship enterprise data warehouse system. Its shares outperform its rivals such as IBM, Oracle and Netezza. Hewlett-Packard may buy it because its CEO, Mark Hurd, was former head of NCR which used to own Teradata.

BRNs pM13 "Market Watch - A Sampling of Advisory Opinion" by Anita Peltonen reviews "The Wal-Mart Effect" by Foreign Policy Magazine Nov/Dec that discusses Wal-Mart's debut in India this summer in Amritsar. WalMart has started operations in 1 countries since '91. WalMart goes where there is a sizable middle class.

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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 who will be replaced by Douglas Oberhelman in 2010.
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 10/12/09:

1. Exxon Mobil XOM $337
2. Microsoft MSFT 229
3. WalMart WMT 191
4. JPMorgan Chase 181
5. GE 174
6. Johnson & Johnson JNJ 172
7. Procter & Gamble PG 168
8. IBM 167
9. Bank of Am BAC 156
10. At&t T 151
11. Chevron CVX 148
12. Cisco CSCO 137
13. Coke KO 127
14. Pfizer PFE 115
15. Intel INTC 114
16. Hewlett-Packard HPQ 112
17. Verizon VZ 82
18. Merck MRK 69
19. McDonald's MCD 62
20. United Technologies UTX 58
21. Disney DIS 53
22. 3M MMM 52
23. Home Depot 46
24. American Express AXP 42
25. Kraft KFT 39
26. Boeing BA 38
27. Caterpillar CAT 33
28. DuPont DD 30
29. Traveler's TRV 28
30. Alcoa AA 14

Here are the latest SEC filings as of 10/12/09 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: 10/2/09 11K Annual Report of employee stock purchase plan.

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 AT&T redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 10/8/09 announcing financial results for the third quarter.

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: 10/2/09 8K announcing departure of Alfred F. Kelly, Jr., as Pesident and head of AXP Global Consumer Group as of 4/10/09.

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: 10/9/09 several free writing prospectus regarding issuance of securities.

Boeing BA: 10/9/09 8K announcing the election to the Board and Audit & Fin. Committee of retired Admiral Edmund P. Giambastiani, Jr. former Vice-Chair of Joint Chiefs of Staff '05- '07.

10/6/09 8K announcing a charge to third quarter earnings in connection with delays in the 747-8 program.

9/15/09 8K 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: 10/5/09 8K announcing price changes on most machines worldwide effective Jan. '10.

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 up 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 Manufacturers to 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.

Chevron CVX: 10/8/09 8K announcing third quarter interim financial results.

9/30/09 8K announcing the retirement of CEO David J. OReilly who is being replaced by John S. Watson and the election to the Board as Vice-Chairman of George L. Kirkland.

8/6/09 10Q

Cisco CSCO: 10/5/09 8K announcing its offer to buy the Norwegian fimr Tandberg ASA for $3 bil.

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.

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; Willaim 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: 10/7/09 8K regulation FD disclosure regarding comments made by Executive Vice President Mark Vergnano who said DuPont would return to its level of '08 profitability in 2 and a half years.

9/29/09 and 8/13/09 8Ks 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 announcing the election of 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

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: 10/8/09 amended the 9/21/09 tender offer regarding exchange of some of its stock options with its employees.

9/15/09 8K Intel announcing Intel's consolidation of 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.

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

7/28/09 10Q

JPMorganChase JPM: 10/9/09 Various free writing prospectus re: issuance of securities.

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

Kraft KFT: 10/6/09 8K announcing the promotion of Kim H. Jones, 49, to VP & Corp. Controller.

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: 9/25/09 8K announcing a quarterly cash dividend of .55 cents per share payable 12/15/09.

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 50percent 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: 10/6/09 Proxy Statement regarding the Shareholders Annual Meeting to be held in Bellevue, Washington on 11/19/09.

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 8K announcing the expansion of the Board to 14 members pursuant to the agreement to merge with Wyeth and electing two Wyeth directors to the newly expanded Board: Frances D. Fergusson and John P. Mascotte.

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: 11K Annual Report of Employee Stock Purchase Plan.

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.
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