11/3/09 Tues. am Merck/Pfizer App. Rejected by FDA

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Post #192 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 10/28/09 and an update of the Dow 30's most recent SEC filings as of 10/12/09.

A read of Tuesday's 11/3/09 print editions of: Wall St. Journal, Financial Times, New York Times, Atlanta Journal Constitution, Fulton Daily Report 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 Monday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Monday at 9789.44 up 76.71 or .79% from Friday's close of 9712.73. Year to date the Dow is up 11.54%. Of the 30 Dow Companies: 6 declined and 24 gained. The biggest decliner dollar-wise was Procter & Gamble PG $58.95 -0.95 1.64% 14,740,099 NYSE and percentage-wise was American Express NYSE. The biggest gainer dollar-wise was and percentage-wise was Verizon VZ $29.41 -0.18 0.61% 20,382,390 NYSE.

WSJ pC1 "Dow Seesaws To an Advance of 76 Points" by Peter A. McKay, Donna Kardos Yesalavich says stocks finished higher, fueled by upbeat economic data, but trading was volatile amid uncertainty about the strength of the recovery. The Dow rose nearly 150 points in the am following better than expected readings of US manufacturing, construction and pendinghome sales, and was down about 34 points in the early pm as jitters resurfaced. The Dow has clsoed with triple digit moves in 6 of the 8 trading days.

NYT pB7 "Shares Regain Modestly On Manufacturing Uptick" by Javier C. Hernandez says shares showed modest gains on Mon, the first day of trading since the market took one of its steepest plunges in months. Signs that manufacturing in the US was on a path to recovery helped buoy shares. A report by the Institute for Supply Management said the health of the manufacturing sector was at its highest level in 3 years, substantialy beating Wall St. expectations. In addition, a separate report showed increases in the number of home sales, offering hope that a crtiical sector might be headed for recovery.

IBD pA1 "Stocks Rise, But Volume Falls In Unimpressive Session" by Donald H. Gold says stocks ended a confusing session Monday with moderate gains in lower volume. It says the market is in a correction. Volume fell across the board, indicating that institutional investors remain reluctant to buy stocks. some economic news and one staggering bankruptcy, CIT, gripped the market. Later came an ominous warning from a Fed official.

Here's an interesting headline considering Ford is not part of the Dow Jones 30 Fin Times p24 "Ford confounds expectations to help drive Dow higher" by Michael Mackenzie says US equities were volatile yesterday, turning sharply negative during the afternoon as financial slumped, before recovering some lost groud. Initially, stocks rallied boosted by upbeat economic reports and a surprise swing to profitability for Ford.

USA Today p6B "Stocks gain on better economic news" by AP says the stock market blew a sizable opening rally but stil managed to close with decent gains Mon. following several pieces of better than expected economic news. The market has been volatile in recent days as investors try to decide if the bets they've placed on a rebound in the economy the past several months are still sound.

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 market open Tuesday the Dow's trailing P/E ratio is 16.87 up from Monday's 16.74 (year ago was nil), the P/E estimate is 15.68 unchanged (1 year ago it was 10.97), and the dividend yield is 2.86 down from Monday's 2.88 (a year ago it was 3.46).

Monday's Dow Jones Industrial Average closing numerator was 1295.33 up 10.15 from Friday's closing Dow numerator of 1285.18. 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 increase of 10.15 for Monday by the divisor you get the increase of 76.71 in Monday's Dow close.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 43.18 up 0.34 from Friday's Dow Jones Industrial Average closing price of $42.84. The median closing price of Monday's Dow Jones Industrial Average was 39.13 up 0.82 from Friday's Dow Jones median closing price of $38.31. The lowest volume Monday was 3M $MMM $74.28 +0.71 0.97% 3,931,753 NYSE and the highest volume again was Bank of Am BAC $14.63 +0.05 0.34% 308,083,021 NYSE.

If Monday 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 made $1,020.
($129540 - $128,520)

AT&T $25.59 -0.08 0.31% 49,685,859 NYSE: WSJ pC12 "High Yielders Get Lost in Rush Back to Risk" by John Jannarone says in the stampede back to risky assets, investors have ignored healty dividends. While the S&P 500 has leapt 54% since March 9, relatively defensive names such as Altria, Bristol-Myers Squibb and AT&T are up by less than 20%. All are left yeilding well over 5% with AT&T yielding 6.5%.

Alcoa AA $12.48 +0.06 0.48% 31,271,824 NYSE: No mentions found.

American Express AXP $35.68 -0.84 2.41% 12,571,651 NYSE: No mentions found.

Bank of America BAC $14.63 +0.05 0.34% 308,083,021 NYSE: WSJ pA2 by Damian Paletta, Aaron Lucchetti, Fin Times p1 "Fed tells banks to adopt pay rules early" by Francesco Guerrera, Patrick Jenkins & NYT pB3 "Bankers Meet on Pay, but Impact Could Be Minimal" by Eric Dash says the heads of the nation's largest banks were summoned by Fed Reserve officials on Mon. to discuss exec pay. Fed officials told bankers that they need to re-examine their compensation practices, which have become a political flashpoint in DC and a widely cited cause of last year's collapse. Flanked by their compensation committeee chairmen, Vikram Pandit of Citigroup, Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase and John Mack of Morgan Stanley met with Fed officials in NYC. Several executives from Bank of America, Wells Fargo and a dozen other large US banks were summoned for similar meetings in other cities on on the phone. Lee Raymond, the former Exxon Mobil ceo, who now leads JPMorgan Chase's compensation committee, was with Dimon. Raymond's career pay of more than $686 mil, including a $400 mil retirement package, created a public uproar when he stepped down in '06.

WSJ pC1 "Pensions for Executives on Rise" by Ellen E. Schultz, Tom McGinty says pensions for tope execs rose an average of 19% in '08, with more than 200 execs seeing pensions increae more than 50%. There is a chart with firms with the largest pension IOUs for their top four to six exces with GE #1 with $140 bil, followed by Exxon Mobil ($108 bil) 5th is Chevron with $74.6 bil and 10th is Bank of America with $63.2 bil.

Boeing BA $48.27 +0.47 0.98% 5,932,576 NYSE: Fin Times p17 "Ryanair blames Boeing for threat of "Divorce" by Pilita Clark, WSJ pB2 "Rayanair's CEO Vents at Boeing" by Daniel Michaels, Quentin Fottrell & NYT pD3 "Struggling, Ryanair Considers Cutting Expansion Plans" by Nicola Clark says Ryanair, the Irish airline that has come to symbolize the rapid growth of low cost European travel is cosnidering easing back on a decade long expansion as it struggles to keep a lid on operating costs, while maintaining tis rock bottom fares. Its CEO Michael O'Leary singled out Boeing, which has supplied Ryanair with its entire fleet of more than 200 jets. Ryanair is trying to negotiate with Boeing for up to 200 new planes for delivery from '13 to '16, planes that it needs if it is to continue its breakneck European European expansion. If Ryanair is unable to reach a deal with Boeing by the end of the year, Ryanair would sever its ties with Boeing and confirm a series of order deferrals and cancellations.

AJC pA8 says a group of US lawmakers are asking the Obama administration to take into account a WTO ruling against Airbus that is owned by EADS in determining who wins the bidding for a $35 bil aircraft tanker project. The lawmakers are supporting Boeing's efforts versus EADS and Northrup.

Caterpillar CAT $55.49 +0.43 0.78% 9,970,847 NYSE: No mentions found.

Chevron CVX $76.64 +0.10 0.13% 11,212,627 NYSE: WSJ pC1 "Pensions for Executives on Rise" by Ellen E. Schultz, Tom McGinty says pensions for top execs rose an average of 19% in '08, with more than 200 execs seeing pensions increae more than 50%. There is a chart with firms with the largest pension IOUs for their top four to six exces with GE #1 with $140 bil, followed by Exxon Mobil ($108 bil) 5th is Chevron with $74.6 bil and 10th is Bank of America with $63.2 bil.

Cisco CSCO $23 +0.19 0.83% 55,071,942 NASDAQ-GS: No mentions found.

Coca-Cola KO $53.72 +0.41 0.77% 9,301,879 NYSE: No mentions found.

Disney DIS $27.41 +0.04 0.15% 13,301,318 NYSE: No mentions found.

DuPont DD $32.27 +0.45 1.41% 8,434,272 NYSE: No mentions found.

Exxon Mobil XOM $72.15 +0.48 0.67% 20,426,507 NYSE: WSJ pB3 says UTS Energy Corp. said it will sell for $231 mil its 50% stake in 3 oil sands leases in northeastern Alberta to Imperial Oil Ltd. and Exxon Mobil Corp who plan to operate the state in a 50/50 venture with Teck Cominco Ltd. UTS acquired the leases in '06 and drilling found 24 sections with prospective oil reserves. Imperial Oil and Exxon Mobil will each own half of UTS' 50% stake after the transaction and oeprate it in a joint venture. Exxon Mobil owns a majority stake in Imperial.

WSJ pB8 "China Mulls Battery Sites For Vehicles" by Shai Oster says China National Offshroe Oil Corp. is considering building battery-changing stations for electric vehicles, part of a broader push by the state-jowned oil giant that could give a boost to alternative vehicles in Cina's huge market. Its foray into battery powered car tech comes amid similar oves by Western oil majors including Exxon Mobil Corp.

WSJ pC1 "Pensions for Executives on Rise" by Ellen E. Schultz, Tom McGinty says pensions for tope execs rose an average of 19% in '08, with more than 200 execs seeing pensions increae more than 50%. There is a chart with firms with the largest pension IOUs for their top four to six exces with GE #1 with $140 bil, followed by Exxon Mobil ($108 bil) 5th is Chevron with $74.6 bil and 10th is Bank of America with $63.2 bil.

NYT pB3 "Bankers Meet on Pay, but Impact Could Be Minimal" by Eric Dash says the heads of the nation's largest banks were summoned by Fed Reserve officials on Mon. to discuss exec pay. Fed officials told bankers that they need to re-examine their compensation practices, which have become a political flashpoint in DC and a widely cited cause of last year's collapse. Flanked by their compensation committeee chairmen, Vikram Pandit of Citigroup, Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase and John Mack of Morgan Stanley met with Fed officials in NYC. Several executives from Bank of America, Wells Fargo and a dozen other large US banks were summoned for similar meetings in other cities on on the phone. Lee Raymond, the former Exxon Mobil ceo, who now leads JPMorgan Chase's compensation committee, was with Dimon. Raymond's career pay of more than $686 mil, including a $400 mil retirement package, created a public uproar when he stepped down in '06.

GE $14.47 +0.21 1.47% 101,151,035 NYSE: WSJ pC1 "Pensions for Executives on Rise" by Ellen E. Schultz, Tom McGinty says pensions for tope execs rose an average of 19% in '08, with more than 200 execs seeing pensions increae more than 50%. There is a chart with firms with the largest pension IOUs for their top four to six exces with GE #1 with $140 bil, followed by Exxon Mobil ($108 bil) 5th is Chevron with $74.6 bil and 10th is Bank of America with $63.2 bil.

Hewlett-Packard HPQ $48.16 +0.70 1.47% 15,416,232 NYSE: IBD pA9 "Some New big-Cap Leaders Lag In IbD Ratings" by Juan Carlos Arancibia says technology's share of the Big Cap 20 reamined steady, thoug a couple of tech companies amde fresh appearances on the list. Heavyweights Google and Hewlett-Packard have slipped moderately so far during the market correction.

Home Depot HD $25.06 -0.03 0.12% 15,586,322 NYSE: No mentions found.

Intel INTC $19.01 -0.10 0.52% 63,635,505 NASDAQ-GS: IBD pA4 "Marvell Plots Its Role In E-Book Readers" by James Detar says Marvell is rolling out a chip line for e-readers and will announce that e-reader maker Plastic Logic is among its custoemrs. Intel hopes to gain entry in this market with its new, low-power atom chip, but it hasn[t made inraods yet.

IBM $120.56 -0.05 0.04% 7,050,252 NYSE: Fulton Daily Report p6 "Recession didn't make chief execs any wiser" by Bloomberg's David Pauly says corporate execs have elarned nothing from the economy because instead of building new plants and making acquisitions while prices are low they are buying back their own stock. IBM said it would use some of its $11.5 bil in cash to repurchase $5 bil of its own shares. IBM, the largest provider of computer services, has been a serial buyer of tis stock, spending $70 bil in the past 6 years. Travelers, a property insuraner, earlier this month said it would do a $6 bil buyback after tis profit for the 3Q more than quadrupled from the same period a year earlier. TRVS had scaled back its repurchases last year to preserve capital.

J.P.Morgan Chase JPM $42.58 +0.81 1.94% 44,605,534 NYSE: WSJ pA2 by Damian Paletta, Aaron Lucchetti, Fin Times p1 "Fed tells banks to adopt pay rules early" by Francesco Guerrera, Patrick Jenkins & NYT pB3 "Bankers Meet on Pay, but Impact Could Be Minimal" by Eric Dash says the heads of the nation's largest banks were summoned by Fed Reserve officials on Mon. to discuss exec pay. Fed officials told bankers that they need to re-examine their compensation practices, which have become a political flashpoint in DC and a widely cited cause of last year's collapse. Flanked by their compensation committeee chairmen, Vikram Pandit of Citigroup, Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase and John Mack of Morgan Stanley met with Fed officials in NYC. Several executives from Bank of America, Wells Fargo and a dozen other large US banks were summoned for similar meetings in other cities on on the phone. Lee Raymond, the former Exxon Mobil ceo, who now leads JPMorgan Chase's compensation committee, was with Dimon. Raymond's career pay of more than $686 mil, including a $400 mil retirement package, created a public uproar when he stepped down in '06.

Johnson & Johnson JNJ $59.49 +0.44 0.75% 12,297,779 NYSE: No mentions found.

Kraft KFT $27.64 +0.12 0.44% 12,116,719 NYSE: No mentions found.

McDonald's MCD $59.16 +0.55 0.94% 7,584,401 NYSE: WSJ pB1 "Coffee Maker Illy Uses Backdoor To Take On Starbucks in the U.S." by Julie Jargon says Italian coffee maker Illy-Caffe SpA has a stealth plan for moving in on Starbucks' turf by joining forces with independent coffee shops. For more than 20 years they have sold its coffee in high end grocers and in coffee shops, hotels and restaruants in the US. Now it is signing contracts with cafes in the US that agree to serve Illy exclusively and allow Illy a hand in quality control. This expansion comes at a time when Starbucks has been closing stores and lowering prices. There has also been a surge in lower priced coffee competition from McDonald's and Dunkin' Donuts. Yet, world coffee consumption has been growing for the past 5 years as young people are drinking more of it outside the home.

Merck MRK $31.26 +0.33 1.07% 21,390,593 NYSE: IBD pA2 & AJC pA8 says in a rare move, the FDA rejected Merck's application for a combo cholesterol pill that combines its Zetia, a cholesterol pill with rival Pfizer's Lipitor, the world's top-selling drug. The rejection was because the FDA said more data was needed on the drug's manufacturing and stability.

Microsoft MSFT $27.88 +0.15 0.54% 62,432,606 NASDAQ-GS: WSJ pB7 "Updating Office on the Cheap" by Nick Wingfield says when Microsoft corp. releases a new version of Office next year, it will go all out to convince businesses to upgrade its popular suite of workpalce programs in order to get enw features that connect the software more deeply to the Web. But Office 2010 facess a hostile climate. A shaky economy is making firms look hard at big software purchases. Archrival Google also is pushing businesses to use its low cost suite of applications that run inside Web browsers. There's a new spoiler too: an array of cheap add on programs that bring some of the most anticipated features of the new Office to old editions of the software.

USA Today p1B says Microsoft will cut the price it charges custoemrs to store and run their email systems to keep Google from making inroads int he market. MSFT will now charge $10 a month per user for its Business Productivity Only suite, down from $15.

Pfizer PFE $16.95 +0.08 0.47% 61,250,248 NYSE: IBD pA2 & AJC pA8 says in a rare move, the FDA rejected Merck's application for a combo cholesterol pill that combines its Zetia, a cholesterol pill with rival Pfizer's Lipitor, the world's top-selling drug. The rejection was because the FDA said more data was needed on the drug's manufacturing and stability.

Procter & Gamble PG $58.95 -0.95 1.64% 14,740,099 NYSE: No mentions found.

3M MMM $74.28 +0.71 0.97% 3,931,753 NYSE: No mentions found.

Travelers TRV $50.2 +0.41 0.82% 6,027,648 NYSE: Fulton Daily Report p6 "Recession didn't make chief execs any wiser" by Bloomberg's David Pauly says corporate execs have elarned nothing from the economy because instead of building new plants and making acquisitions while prices are low they are buying back their own stock. IBM said it would use some of its $11.5 bil in cash to repurchase $5 bil of its own shares. IBM, the largest provider of computer services, has been a serial buyer of tis stock, spending $70 bil in the past 6 years. Travelers, a property insuraner, earlier this month said it would do a $6 bil buyback after tis profit for the 3Q more than quadrupled from the same period a year earlier. TRVS had scaled back its repurchases last year to preserve capital.

United Technologies UTX $62.66 +1.21 1.97% 4,589,027 NYSE: No mentions found.

Verizon VZ $29.41 -0.18 0.61% 20,382,390 NYSE: No mentions found.

Walmart WMT $50.28 +0.60 1.21% 15,037,740 NYSE: No mentions found.
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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
10/28/09:
1. Exxon Mobil XOM $355
2. Microsoft MSFT 250
3. WalMart WMT 192
4. JPMorgan Chase 168
5. Procter & Gamble PG 167
6. Johnson & Johnson JNJ 164
7. IBM 159
8. At&t T 154
9. GE 153
10. Chevron CVX 152
11. Cisco CSCO 133
12. BAC 130
13. Coke KO 124
14. Pfizer PFE 116
15. Hewlett-Packard HPQ 111
16. Intel INTC 107
17. Verizon VZ 85
18. Merck MRK 68
19. McDonald's MCD 64
20. United Technologies UTX 59
21. 3M MMM 52
22. Disney DIS 51
23. Home Depot 43
24. American Express AXP 41
25. Kraft KFT 40
26. Boeing BA 34
27. Caterpillar CAT 34
28. DuPont DD 29
29. Travelers TRV 28
30. Alcoa AA 12

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