12/27/09 Sun. FDA To Act on Pfizer's Childhood Vaccine against Meningitis

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Post #282 The following is brought to you by Intellivest Securities Research, Inc. 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 12/20/09 and an update of the Dow 30's most recent SEC filings as of 12/18/09.

A read of Sunday's 12/276/09 print editions of: The New York Times, Atlanta Journal Constitution &12/28/09 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 Thursday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Thursday at 10,520.1 up 53.66 or 0.49% from Wednesday's close of 10,466.44. for the week the Dow was up 191.12 or 1.86% from last Friday's close of 10,328.89. Of the 30 Dow Companies: 27 gained and 3 declined. Year to date is up 19.87%. The biggest gainer dollar-wise was United Technologies UTX $70.36 +0.85 1.22% 1,253,881 NYSE and percentage-wise was Alcoa AA $16.34 +0.34 2.12% 14,326,335 NYSE. The biggest decliner dollar-wise and percentage-wise was Merck MRK $36.99 -0.26 0.7% 6,285,193 NYSE.

(From Sat's WSJ pB3) "Alcoa, Travelers Rise to End Week" by Donna Kardos Yesalavich says Alcoa and Travelers were among the gainers Thurs. as stocks reached highs for the year in a low volume session Thurs., although health care stocks, including WellPoint, fell after the Senate's approval of the health bill. The Dow Jones Industrial Average closed at its highest close since Oct. 1, 2008. Materials companies Alcoa and DuPont were among the Dow's best performers as metal futures climbed. Alcoa rose 2.1% while DuPont gained 1.1%. Alcoa also was the measure's strongest performer on the week, having jumped 12% over the period. Travelers was another strong Dow component Thurs as its shares climbed 1.6%. With a week to go in the year, the Dow's best performer is American Express, up 125%. Exxon Mobil is the weakest, down 14%.

(From Friday's NYT pB1) "Investors End Week On Upswing" by Catherine Rampell says shares on Wall St. rose on Thurs., closing at their highest levels for the year, after two gov reprots confirmed a steady, if sluggish, economic recovery. The Dow Jones Industrial average and the broader S&P 500 stock index each closed up about a half a percentage point during a shortened Christmas Eve session while the Nasdaq rose 0.7%. All 3 markets will be riding a 5 day winning streak wehn traders return Mon. to close out the year. While Turs's trading was light, it tracked the general upward trend of the last couple of months. For the year the Dow is up 19.87%; the S&P is up 24.71% and the Nasdaq is up 44.94%. The Treasury's 10 year note fell 13/32 to 96 17/32. The yield rose to 3.8%, from 3.75% late Wed. Equities are now at their highest levels since autumn of '08. They appear to be driven by several quarters of improvements in corporate earnings as well as economic reports showing that the nation's businesses are regaining their footing. A weakened dollar has also helped lift energy and materials stocks. The latest gov report on durable goods, released Thur., supported steady increases and steady improvements, but nothing dramatic. Orders for big ticket items like refrigerators and cars edged up 0.2% in Nov, to $166.9 bil, after slip;ping slightly the previous month, the Commerce Dept. reported. The numbers were better when volatile transportation orders were excluded, and showed that orders rose 2% comparied With Oct. Computers and electronic products rose the ost of any category, increasing 3.7% to $25.7 bil.

As of the open of the market Thursday, the current divisor for the Dow found at page B4 of Saturday's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.25 up from Thurs.'s 18.61 (year ago it was 17.69) the P/E estimate is 16.00 unchanged from Thursday (year ago it was 10.45) and the current dividend yield is 2.62 down from Thurs.'s 2.64 (it was 3.71 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1392.01 up 7.1 from Wednesday's closing Dow numerator of 1384.91. 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 7.1 for Thursday by the divisor you get the increase in Thursday's Dow close of 53.66.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 46.40 up 0.40 from Wednesday's Dow Jones Industrial Average closing price of $46.16. The median closing price of Thursday's Dow Jones Industrial Average was 41.78 up 0.39 from Wednesday's $41.39. The lowest volume again Thursday was 3M MMM $82.55 +0.36 0.44% 931,177 NYSE and the highest volume again was Bank of Am BAC $15.25 +0.06 0.39% 36,598,677 NYSE.

If Thursday morning before the market opened you had purchased 100 shares 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 $730 ($139,201 - $138,471).

AT&T T $28.1 +0.06 0.21% 6,108,109 NYSE: AJC pD5says AT&T increased its quarterly dividends from .41 to .42.

Alcoa AA $16.34 +0.34 2.12% 14,326,335 NYSE: Barron's pM2 charts Alcoa saying Morgan Stanley upgraded it to Overweight from Equal Weight based on continuing '10 gains for the metal.

Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

American Express AXP $41.68 +0.47 1.14% 2,069,969 NYSE: No mentions found.

Bank of America BAC $15.25 +0.06 0.39% 36,598,677 NYSE: Barron's p20 "2010 Profits: Naughty or Nice?" says after 9 quarters of decline, corporate America's earnings are about to rise, and keep climbing into 2010. The financial sector will grow with profits expected to rise 172% in '10. The biggest of the banks have fared better than most could have foreseen during the worst of the financial crisis. Goldman Sachs, Bank of America, JPMorgan Chase and others have repaid their gov bailouts. Material producers' profits could fall 55% this year but jump 75% in '10. Oil prices also appear likely to climb next yer, providing a boost for energy outfits such as Chevron.

Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

Boeing BA $55.48 +0.52 0.95% 1,003,991 NYSE: No mentions found.

Caterpillar CAT $58.33 +0.01 0.02% 1,507,777 NYSE: No mentions found.

Chevron CVX $77.43 +0.39 0.51% 2,565,443 NYSE: Barron's p20 "2010 Profits: Naughty or Nice?" says after 9 quarters of decline, corporate America's earnings are about to rise, and keep climbing into 2010. The financial sector will grow with profits expected to rise 172% in '10. The biggest of the banks have fared better than most could have foreseen during the worst of the financial crisis. Goldman Sachs, Bank of America, JPMorgan Chase and others have repaid their gov bailouts. Material producers' profits could fall 55% this year but jump 75% in '10. Oil prices also appear likely to climb next yer, providing a boost for energy outfits such as Chevron.

Cisco CSCO $23.96 +0.18 0.76% 9,900,539 NASDAQ-GS: Barron's pM6 has a list of Nasdaq Most Active stocks by share volume last week and on the list is Intel, Microsoft and Cisco at number 2,3, & 4 respectively with number one being ETrade.

Coca-Cola KO $57.44 +0.15 0.26% 2,907,054 NYSE: No mentions found.

Disney DIS $32.29 -0.14 0.43% 3,557,355 NYSE: Barron's Preview of the Week p14 says on Thurs. 12/31, Walt Disney's purchase of Marvel Entertainment is due to close.

Barron's pM3 "Stocks Hit '09 HIgh and a Critical Milestone" by Kopin Tan says in quiet pre-holdiday trading the S&P 500 rose to its highest level of '09. Disney, Hewlett-Packard, Marriott and US Steel all hit new 52 week highs. But missing from the high altitude group were financial bellwethers like JPMorgan, Goldman Sachs and Morgan Stanley which have pulled back more than 10% from their recent highs.

DuPont DD $33.42 +0.36 1.09% 2,252,465 NYSE: No mentions found.

ExxonMobil XOM $68.66 +0.40 0.59% 8,149,042 NYSE: Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

GE $15.44 +0.03 0.19% 18,579,507 NYSE: Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

Hewlett-Packard HPQ $52.87 +0.38 0.72% 4,161,747 NYSE: Barron's p19 "3PAR: Doing More With Less" by Jay Palmer says storing data safely is a crucial part of modern business. Creating the vaults to store and manage electronic data is a $14 bil a year business dominated by EMC, IBM and Hitachi with Hewlett-Packard and Dell both having made recent acquisition in the field. This article focuses on 3PAR which is based on Fremont, Cal. and counts Verizon as one of its customers.

Barron's pM3 "Stocks Hit '09 HIgh and a Critical Milestone" by Kopin Tan says in quiet pre-holdiday trading the S&P 500 rose to its highest level of '09. Disney, Hewlett-Packard, Marriott and US Steel all hit new 52 week highs. But missing from the high altitude group were financial bellwethers like JPMorgan, Goldman Sachs and Morgan Stanley which have pulled back more than 10% from their recent highs.

Barron's Cover Story "American Idol IBM" p21 by Leslie P. Norton says IBM is the grandfather of all tech stocks & stands to benefit from developing countries and expanding gov spending around the world. Yet, it is selling at a 20% discount to the market. IBM's operating profit is up 4%, and earnings are expected to be 9.89 a share, up 10% from '08, despite an 8% decline in rev. Next year, IBM is aiming to earn $10 to 11 a share, which would make the 8th successive year of EPS growth. IBM shares ahe gained 54% this year, the third best performance of any stock in the Dow Jones Industrial Average. Some bulls believe they still have room to rise another 0%. Under CEO Sam Palmisano, 58, IBM dumped the firm's money losing hard drive operation, sold its PC division and overhauled a lavish pension program. It focused on higher margin software and services, rapidly expanding its presence in India, to deliver high quality, lower cost services to clients. Today, nearly 60% of IBM's business comes from services, versus 38% in '00; software generates 22% against 15%, and hardware has been halved to 17%. About half its revenues and 60% of its pretax profit are annuity like. It has $20 bil of operating profit on almost $100 bil in rev. IBM gets nearly 65% of its rev from outside the US, much more than the 47% of the average S7P 500 firm. Palmisano says Hewlett-Packard's top line is flat and they've had little gross margin improvement for 4 or 5 years. Pcs are being replaced by smartphones. Last year, IBM had 4,186 patent awards, nearly double that of its closest competitor, Microsoft.

Home Depot HD $29.17 +0.17 0.59% 3,790,099 NYSE: No mentions found.

Intel INTC $20.33 +0.23 1.14% 12,188,397 NASDAQ-GS: Barron's pM6 has a list of Nasdaq Most Active stocks by share volume last week and on the list is Intel, Microsoft and Cisco at number 2,3, & 4 respectively with number one being ETrade.

IBM $130.57 +0.57 0.44% 4,264,679 NYSE: Barron's Cover Story "American Idol IBM" p21 by Leslie P. Norton says IBM is the grandfather of all tech stocks & stands to benefit from developing countries and expanding gov spending around the world. Yet, it is selling at a 20% discount to the market. IBM's operating profit is up 4%, and earnings are expected to be 9.89 a share, up 10% from '08, despite an 8% decline in rev. Next year, IBM is aiming to earn $10 to 11 a share, which would make the 8th successive year of EPS growth. IBM shares ahe gained 54% this year, the third best performance of any stock in the Dow Jones Industrial Average. Some bulls believe they still have room to rise another 0%. Under CEO Sam Palmisano, 58, IBM dumped the firm's money losing hard drive operation, sold its PC division and overhauled a lavish pension program. It focused on higher margin software and services, rapidly expanding its presence in India, to deliver high quality, lower cost services to clients. Today, nearly 60% of IBM's business comes from services, versus 38% in '00; software generates 22% against 15%, and hardware has been halved to 17%. About half its revenues and 60% of its pretax profit are annuity like. It has $20 bil of operating profit on almost $100 bil in rev. IBM gets nearly 65% of its rev from outside the US, much more than the 47% of the average S7P 500 firm. Palmisano says Hewlett-Packard's top line is flat and they've had little gross margin improvement for 4 or 5 years. Pcs are being replaced by smartphones. Last year, IBM had 4,186 patent awards, nearly double that of its closest competitor, Microsoft.

Barron's p19 "3PAR: Doing More With Less" by Jay Palmer says storing data safely is a crucial part of modern business. Creating the vaults to store and manage electronic data is a $14 bil a year business dominated by EMC, IBM and Hitachi with Hewlett-Packard and Dell both having made recent acquisition in the field. This article focuses on 3PAR which is based on Fremont, Cal. and counts Verizon as one of its customers.

J.P.Morgan Chase JPM $41.89 +0.33 0.79% 7,956,428 NYSE: Barron's Preview of the Week p14 says JPMorgan Chase, Goldman Sachs and Morgan Stanley CEOs will testify before a panel probing the crisis.

Barron's p20 "2010 Profits: Naughty or Nice?" says after 9 quarters of decline, corporate America's earnings are about to rise, and keep climbing into 2010. The financial sector will grow with profits expected to rise 172% in '10. The biggest of the banks have fared better than most could have foreseen during the worst of the financial crisis. Goldman Sachs, Bank of America, JPMorgan Chase and others have repaid their gov bailouts. Material producers' profits could fall 55% this year but jump 75% in '10. Oil prices also appear likely to climb next yer, providing a boost for energy outfits such as Chevron.

Barron's pM3 "Stocks Hit '09 HIgh and a Critical Milestone" by Kopin Tan says in quiet pre-holdiday trading the S&P 500 rose to its highest level of '09. Disney, Hewlett-Packard, Marriott and US Steel all hit new 52 week highs. But missing from the high altitude group were financial bellwethers like JPMorgan, Goldman Sachs and Morgan Stanley which have pulled back more than 10% from their recent highs.

Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

Johnson & Johnson JNJ $64.7 +0.13 0.2% 2,433,838 NYSE: No mentions found.

Kraft KFT $27.56 +0.20 0.73% 2,225,035 NYSE: No mentions found.

McDonald's MCD $63.42 +0.06 0.09% 2,577,261 NYSE: No mentions found.

Merck MRK $36.99 -0.26 0.7% 6,285,193 NYSE: No mentions found.

Microsoft MSFT $31 +0.08 0.26% 11,083,567 NYSE: Barron's pM6 has a list of Nasdaq Most Active stocks by share volume last week and on the list is Intel, Microsoft and Cisco at number 2,3, & 4 respectively with number one being ETrade.

Barron's "Tech Trader" p27 by Eric J. Savigtz says he bullish view of Microsoft has worked out. Driven in party by strong reviews for Windows 7, MSFT's stock has doubled off the spring bottom, and now sits close to a 52 week high above 30. With the bling search engine and Win 7 off to good starts, and other significant product launches due in '10, including a new version of Office, the stock should keep rallying.

Barron's Cover Story "American Idol IBM" p21 by Leslie P. Norton says IBM is the grandfather of all tech stocks & stands to benefit from developing countries and expanding gov spending around the world. Yet, it is selling at a 20% discount to the market. IBM's operating profit is up 4%, and earnings are expected to be 9.89 a share, up 10% from '08, despite an 8% decline in rev. Next year, IBM is aiming to earn $10 to 11 a share, which would make the 8th successive year of EPS growth. IBM shares ahe gained 54% this year, the third best performance of any stock in the Dow Jones Industrial Average. Some bulls believe they still have room to rise another 0%. Under CEO Sam Palmisano, 58, IBM dumped the firm's money losing hard drive operation, sold its PC division and overhauled a lavish pension program. It focused on higher margin software and services, rapidly expanding its presence in India, to deliver high quality, lower cost services to clients. Today, nearly 60% of IBM's business comes from services, versus 38% in '00; software generates 22% against 15%, and hardware has been halved to 17%. About half its revenues and 60% of its pretax profit are annuity like. It has $20 bil of operating profit on almost $100 bil in rev. IBM gets nearly 65% of its rev from outside the US, much more than the 47% of the average S7P 500 firm. Palmisano says Hewlett-Packard's top line is flat and they've had little gross margin improvement for 4 or 5 years. Pcs are being replaced by smartphones. Last year, IBM had 4,186 patent awards, nearly double that of its closest competitor, Microsoft.

Pfizer PFE $18.6 +0.02 0.11% 12,934,749 NYSE: Barron's Preview of the Week p15 says on Wed the FDA is expected to act on Pfizer's bid to market a new childhood vaccine against meningitis.

Barron's pM6 has a list of NYSE Most Active stocks by share volume last week and on the list is Bank of America, #2, GE, #7, Alcoa #11, Pfizer #14, JPMorgan #15 & Exxon #18.

Procter & Gamble PG $61.28 -0.03 0.05% 3,356,976 NYSE: Barron's pM11 "Options" by Steven M. Sears says that some of Warren Buffer's major holdings include Coca-Cola, Wells Fargo, Procter & Gamble, American Express, Kraft, ConocoPhillips, Johnson & Johnson, WalMart, Wesco Financcial, US Bancorp, Moody's, Washington Post, Union Pacific and Swiss Reinsurance.

3M MMM $82.55 +0.36 0.44% 931,177 NYSE: NYT pBus3 "Seeing Customers As Partners In Invention" by Mary Tripsas describes the 3M Company's customer innovation center at its headquarters in St. Paul. 3M is at the forefront of a movement that appears to gaining traction: customer innovation centers, typically located near company research facilities, that provide a forum for meeting with corporate customers and engaging them directly in the innovation process. 3M is applying a wide ranging technical expertise to a portfolio of products including transportation systems, dental and medical devices and electronics. One of its latest is a pocket sized LED projection that connects to cellphones, PDAs and digital cameras.

Travelers TRV $49.94 +0.76 1.55% 1,240,264 NYS: No mentions found.

United Technologies UTX $70.36 +0.85 1.22% 1,253,881 NYSE: No mentions found.

Verizon VZ $33.36 +0.13 0.39% 3,392,155 NYSE: Barron's p19 "3PAR: Doing More With Less" by Jay Palmer says storing data safely is a crucial part of modern business. Creating the vaults to store and manage electronic data is a $14 bil a year business dominated by EMC, IBM and Hitachi with Hewlett-Packard and Dell both having made recent acquisition in the field. This article focuses on 3PAR which is based on Fremont, Cal. and counts Verizon as one of its customers.

Walmart WMT $53.6 +0.28 0.53% 4,472,951 NYSE: AJC pA1 "Road to WalMart starts in Ga." by Jim Tharpe profiles Mike Duke, CEO of Walmart who was born and raised in Fayetteville, Ga, just south of Atlanta. Duke presides over an empire that has 8,291 stores in 15 nations; 2.1 million employees, and $'09 sales of $401 bil. Duke has been CEO for a year, succeeding Lee Scott. Duke came up in WalMart through logistics which is the system of getting products from producers and into stores as cheaply as possible.

***************************************
Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis who will be replaced on 1/1 by Brian T. Moynihan.
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 12/20/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $328 [5]
2. Microsoft MSFT 271 [9]
3. WalMart WMT 201 [4]
4. Chevron CVX 188 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 178 [3]
7. IBM 168 [1.5]
8. GE 166 [10.5]
9. JPMorgan Chase 161 [4]
10. AT&T 161 [6]
11. Pfizer PFE 148 [8]
12. Cisco CSCO 135 [6]
13. BAC 130 [8.6]
14. Coke KO 132 [2]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 110 [5.5]
17. McDonald's MCD 103 [1.5]
18. Verizon VZ 93 [3]
19. Merck MRK 79 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 57 [.5]
23. Home Depot 49 [2]
24. American Express AXP 48 [1]
25. Kraft KFT 40 [1.5]
26. Boeing BA 39 [1]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 29 [1]
29. Travelers 26 [.5]
30. Alcoa AA 14 [1]

Here are the latest SEC filings as of 12/18/09 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses 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: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.

12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).

Alcoa AA: 11/20/09 8K re: the temporarily idling of production at its two aluminum smelters in Fusina and Portovesme, Italy while appealing a European Commission decision that Italy’s extension of the existing electricity tariff after 2005 did not comply with European Union state aid rules and that a portion of the benefit received by Alcoa must be refunded. The curtailments in Italy will bring Alcoa’s total global smelting system curtailments to approximately 24 percent. Alcoa expects to take a 4Q '09 charge of between $300 million and $500 million, pre-tax, including the temporary curtailment and recovery actions.

American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.

Bank of Am BAC: 12/17/09 re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.

12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.

12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.

Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.

Caterpiller CAT: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

12/15/09 8K re: amendments to Bylaws.

Chevron CVX: 12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 12/2/09 10K

DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due 1/15 & $1,000,000,000 4.625% Notes due January 15, 2020

ExxonMobil XOM: 12/14/09 8K re: Merger Agreement to buy XTO Energy.


12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program, of which bonuses were granted to certain officers as follows


GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.

JPMorganChase JPM: 12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.

12/8/09 8K re: a presentation at an U.S. financial services investor conference.

Johnson & Johnson JNJ: 11/4/09 10Q

Kraft KFT: 12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.

12/1/09 8K re: a revolving credit agreement for a three-year senior unsecured revolving credit facility in an aggregate principal amount of $4.5 billion with the lenders named therein and Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint bookrunners, and Deutsche Bank AG New York Branch and Citibank, N.A., as co-administrative agents.

McDonalds MCD: 12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.

12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.

Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/14/09 8K re: amendment of bylaws & change in fiscal year.


Procter & Gamble PG: 12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.

Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.

United Technologies UTX: 11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Verizon Communications Inc. VZ: 12/7/09 8K re:amendments to bylaws.

12/1/09 8K re: agreement with Frontier Communications Corporation establishing a separate entity for its local exchange and related business assets in 14 states that will merge into Frontier. (Arizona, California, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin).

Wal-Mart WMT: 12/8/09 10Q