12/28/09 Mon pm Dow Closes 10,547.08 up 26.98 or 0.26%

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Post #284 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.

The Dow Jones Industrial Average closed Monday at 10,547.08 up 26.98 or 0.26% from Thursday's close of 10,520.1. Of the 30 Dow Companies: 19 gained, 1, Coca-Cola was unchanged, and 10 declined. The biggest gainer dollar-wise and percentage-wise was IBM $132.31 +1.74 1.33% 5,799,087 NYSE. The biggest decliner dollar-wise and percentage-wise was American Express AXP $41.05 -0.63 1.51% 5,369,860 NYSE.

As of the open of the market Monday, the current divisor for the Dow found at page C4 of today'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).

Monday's Dow Jones Industrial Average closing numerator was 1395.58 up 3.57 from Thursday's closing Dow numerator of 1392.01. 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 3.57 for Monday by the divisor you get the increase in Monday's Dow close of 26.98.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 46.52 up 0.12 from Thursday's Dow Jones Industrial Average closing price of $46.40. The median closing price of Monday's Dow Jones Industrial Average was 41.38 down 0.40 from Thursday's $41.78. The lowest volume Monday was United Technologies UTX $70.46 +0.10 0.14% 2,021,896 NYSE and the highest volume again was Bank of Am BAC $15.29 +0.04 0.26% 102,538,543 NYSE.

If Monday 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 $359 ($139,560 - $139,201).

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

AT&T T $28.33 +0.23 0.82% 15,624,560 NYSE
Alcoa AA $16.1 -0.24 1.47% 19,011,568 NYSE
American Express AXP $41.05 -0.63 1.51% 5,369,860 NYSE
Bank of America BAC $15.29 +0.04 0.26% 102,538,543 NYSE
Boeing BA $55.14 +0.34 0.61% 2,072,154 NYSE
Caterpillar CAT $58.51 +0.18 0.31% 3,789,719 NYSE
Chevron CVX $77.77 +0.34 0.44% 4,192,773 NYSE
Cisco CSCO $24.08 +0.12 0.5% 20,191,153 NASDAQ-GS
Coca-Cola KO $57.44 unch unch 3,839,705 NYSE
Disney DIS $31.91 -0.38 1.18% 7,981,601 NYSE
DuPont DD $33.7 +0.28 0.84% 3,813,746 NYSE
ExxonMobil XOM $69.08 +0.42 0.61% 19,694,570 NYSE
GE $15.34 -0.10 0.65% 45,710,411 NYSE
Hewlett-Packard HPQ $52.76 -0.11 0.21% 11,146,758 NYSE
Home Depot HD $29.18 +0.01 0.03% 7,299,719 NYSE
Intel INTC $20.3 -0.03 0.15% 27,373,538 NASDAQ-GS
IBM $132.31 +1.74 1.33% 5,799,087 NYSE
J.P.Morgan JPM $41.72 -0.17 0.41% 13,039,891 NYSE
Johnson & Johnson JNJ $64.94 +0.24 0.37% 5,693,470 NYSE
Kraft KFT $27.48 -0.08 0.29% 4,368,441 NYSE
McDonald's MCD $63.61 +0.19 0.3% 2,389,320 NYSE
Merck MRK $37.29 +0.30 0.81% 9,965,271 NYSE
Microsoft MSFT $31.17 +0.17 0.55% 25,383,905 NASDAQ-GS
Pfizer PFE $18.63 +0.03 0.16% 19,448,881 NYSE
Procter & Gamble PG $61.25 -0.03 0.05% 6,880,520 NYSE
3M MMM $83.45 +0.90 1.09% 2,353,778 NYSE
Travelers TRV $49.83 -0.11 0.22% 2,430,603 NYSE
United Technollogies UTX $70.46 +0.10 0.14% 2,021,896 NYSE
Verizon VZ $33.49 +0.13 0.39% 8,565,971 NYSE
WalMart WMT $53.98 +0.38 0.71% 7,425,289 NYSE
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The following are excerpts from Mon. morning's Blog:

A read of Monday's 12/28/09 print editions of: The Wall St. Journal, Financial Times, The New York Times, USA Today, Atlanta Journal Constitution & (Ga) 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 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% compared with Oct. Computers and electronic products rose the ost of any category, increasing 3.7% to $25.7 bil.


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: Fin Times p14 "Deals of the Decade" picks the top Dow deal which was on 3/6/06, AT&T bought BellSouth for $101.9 bil

Alcoa AA $16.34 +0.34 2.12% 14,326,335 NYSE: No mentions found.

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: WSJ pA1 "After the Bailouts, Washington's the Boss" by Bob Davis, Deborah Solomon, Jon Hilsenrath has a time line from March 14, 200, when the Fed spent $30 bil to subsidize JPMorgan Chase's purchase of Bear Stearns, through Jan. 16, '009 when Bank of America was rescued by Treasury, Fed, FDIC, by investing $20 bil of TARP funds in BofA, continuing through 6/17/09 when JPMorgan Chase, Morgan Stanley, Goldman Sachs and 7 other banks repay their fed aid, (as did BofA on 12/9/09) to 12/24/09 when Treasury decides to cover unlimited losses at Fannie and Freddie through 2012.

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: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says Jim Ownes, CEO of Jim Owens, in '05 ordered each of the 28 business units of the construction and mining firm to devise a plan for what they would do if their markets hit a 25 year lost. He was prepared for the bad year of '09 when sales fell 40% to around $32 bil. During the boom, CAT expanded by firing workers and enlarging factories. As business slid, the Peoria, Ill firm slashed 37,000 workers, half were full timers. CAT sustained operating profit every quarter.

Fin Times p16 "Caepillar in prescription discount deal for staff" by Jonahan Birchall says a health plan for workers at Caterpillar, will steer them towards pharmacies operating by two leading retail chains, WalMart, and Walgreens, in a cost reduction effort that could be followed by other large US employers.

Chevron CVX $77.43 +0.39 0.51% 2,565,443 NYSE: No mentions found.

Cisco CSCO $23.96 +0.18 0.76% 9,900,539 NASDAQ-GS: No mentions found.

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: WSJ pD3 "Studios make Bigger Push for Digital Sales" by Sarah McBride says for years studios have been vetting that online distribution of movies and tv hows would turn into a robust businesses. A few years ago, Disney began pushing out its movies online at the same time that the DVDs became available. Many others have followed suit. Online movies sales will bring in $237 bil to studios this year compared with $10 bil that will go to studios from sales of DVDs and Blu-ray discs.

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: WSJ pC10 "Natural Gas and Exxon's Chemical Romance" by Liam Denning says the takeover of XTO energy by Exxon signals at the dawn of the age of natural gas. This is good news for the US chemicals industry. 70% of US production capacity for ethylene, the most common basic building block of chemicals manufacturing, uses gas a a feedstock. After years of hovering around $2 per mil British thermal units average annual US gas prices sharply rose this decade, hitting $9 in '05 & '08. The spot price today is 5.49 per BTU. Some see Exxon's move as bullish for gas prices, but XTO's decision to sell suggests the near term outlook is less rosy. If gas prices stabilize in a range of $6 to $7 per mil BTUs oil price in theory would have to drop toward the unlikely level of $40 a barrel for US chemicals producers using gas to lose the edge regained with gas's price drop.

WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says a significant event of '09 was on 12/14 when Exxon agreed to buy XTO for $31 bil.

GE $15.44 +0.03 0.19% 18,579,507 NYSE: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says a significant event of '09 was on 2/27 when GE chopped its dividend by 68%, its first such cu since the Great Depression and another one was 12/3 when GE agreed to sell control of NBC Universal to Comcast for $13.7 Bil..

Hewlett-Packard HPQ $52.87 +0.38 0.72% 4,161,747 NYSE: No mentions found.

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: No mentions found.

IBM $130.57 +0.57 0.44% 4,264,679 NYSE: No mentions found.

J.P.Morgan Chase JPM $41.89 +0.33 0.79% 7,956,428 NYSE: Fin Times p14 "Deals of the Decade" says JPMorgan was the 4th top adviser for global M&A since 2000 with 4,149 deals and BofA Merrill Lynch was fourth was 3,459 deals.

WSJ pA1 "After the Bailouts, Washington's the Boss" by Bob Davis, Deborah Solomon, Jon Hilsenrath has a time line from March 14, 200, when the Fed spent $30 bil to subsidize JPMorgan Chase's purchase of Bear Stearns, through Jan. 16, '009 when Bank of America was rescued by Treasury, Fed, FDIC, by investing $20 bil of TARP funds in BofA, continuing through 6/17/09 when JPMorgan Chase, Morgan Stanley, Goldman Sachs and 7 other banks repay their fed aid, (as did BofA on 12/9/09) to 12/24/09 when Treasury decides to cover unlimited losses at Fannie and Freddie through 2012.

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: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says a significant event of '09 was on 9/7 when Kraft bid $16.7 bil for Cadbury British candy giant who rejects the bid.

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: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says a significant event of '09 was on 7/29 when Google, icrosoft and Yahhoo agreed to cooperate in online search.

Pfizer PFE $18.6 +0.02 0.11% 12,934,749 NYSE: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says one of the big deals of the year was when on 1/26 Pfizer said it would buy Wyeth for $68 bil

Procter & Gamble PG $61.28 -0.03 0.05% 3,356,976 NYSE: Fin Times p16 "P&G sales drive targets Hispanics" by Jonathan Birchall says Procter & Gamble has stepped up its efforts to reach Hispanic consumers in the US by creating versions of its top laundry detergent brands aimed specifically at recent Latin American immigrants in southern US states. The initiative reflects a pledge by Bob McDonald, PG's CEO, to increase the firm's sales to Hispanic and African American consumers in the US as part of a global push to boost sales at the world's largest consumer goods firm. PG has begun distribution of a US version of its Ariel powdered laundry detergent at Walmart, in states including Texas and Arizona, where it is sold alongside its three main US laundry brands: Tide, Cheer and Gain. Walmart this year opened its new store format aimed at Hispanic shoppers: 2 supermercado de Walmart grocery stores in Houston and Phoenix and its Mas Club discount warehouse club, in Houston.

WSJ pB1 "After Navigating Slump, Managers Ponder Next Moves" by Loann S. Lublin says CEO who cut costs strategically during the downturn will focus '10 spending on increasing innovation in their strongest specialties. For example, Procter & Gamble sold its prescription drug business and most of its food brands to concentrate on strengths such as person care goods.

3M MMM $82.55 +0.36 0.44% 931,177 NYSE: No mentions found.

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: WSJ pB1 "After Navigating Slump, Managers Ponder Next Moves" by Loann S. Lublin says Verizon Communications Inc. CEO Ivan Seidenberg predicts an increase in mergers and acquisitions in '10. Verizon Wireless, owned by Vodafone and Verizon Communications bought AlltelCorp. for $28 bil earlier this year and helped Verizon Wireless become the nation's biggest cellphone carrier by subscribers.

Walmart WMT $53.6 +0.28 0.53% 4,472,951 NYSE: WSJ pB1 "CEOs See Some Light After a Dismal '09" by Timothy Aeppel says a significant event of '09 was on 10/15 when WalMart started a book price war online with Amazon.

Fin Times p16 "P&G sales drive targets Hispanics" by Jonathan Birchall says Procter & Gamble has stepped up its efforts to reach Hispanic consumers in the US by creating versions of its top laundry detergent brands aimed specifically at recent Latin American immigrants in southern US states. The initiative reflects a pledge by Bob McDonald, PG's CEO, to increase the firm's sales to Hispanic and African American consumers in the US as part of a global push to boost sales at the world's largest consumer goods firm. PG has begun distribution of a US version of its Ariel powdered laundry detergent at Walmart, in states including Texas and Arizona, where it is sold alongside its three main US laundry brands: Tide, Cheer and Gain. Walmart this year opened its new store format aimed at Hispanic shoppers: 2 supermercado de Walmart grocery stores in Houston and Phoenix and its Mas Club discount warehouse club, in Houston.

Fin Times p16 "Caterpillar in prescription discount deal for staff" by Jonahan Birchall says a health plan for workers at Caterpillar, will steer them towards pharmacies operating by two leading retail chains, WalMart, and Walgreens, in a cost reduction effort that could be followed by other large US employers.

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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 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).