12/29/09 Tues pm Dow Closes 10545.41 down 1.67 or 0.2%

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Post #286 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 Tuesday at 10,545.41 down 1.67 or 0.2% from Monday's close of 10,545.41. Of the 30 Dow Companies: 14 gained, 1, Johnson & Johnson was unchanged and 15 declined. The biggest gainer dollar-wise was 3M MMM $84.13 +0.68 0.81% 3,865,898 NYSE and percentage-wise was Disney DIS $32.38 +0.47 1.47% 6,242,072 NYSE. The biggest decliner dollar-wise was Chevron CVX $77.21 -0.56 0.72% 4,803,377 NYSE and percentage-wise was BAC $15.12 -0.17 1.11% 82,674,972 NYSE.

As of the open of the market Tuesday, 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 18.10 down from Mon's 18.25 (year ago it was 17.72) the P/E estimate is 16.00 unchanged from Monday (year ago it was 10.33) and the current dividend yield is 2.62 unchanged from Mon.'s 2.62 (it was 3.70 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1395.35 down 0.16 from Thursday's closing Dow numerator of 1395.58. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 0.16 for Monday by the divisor you get the decrease in Monday's Dow close of 1.67.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 46.51 down 0.01 from Monday's Dow Jones Industrial Average closing price of $46.52. The median closing price of Tuesday's Dow Jones Industrial Average was 41.19 down 0.19 from Monday's $41.38. The lowest volume Monday was Boeing BA $55.21 +0.07 0.13% 2,163,935 NYSE and the highest volume again was Bank of Am BAC $15.12 -0.17 1.11% 82,674,972 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 lost $30 ($139,560 - $139,530).

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

AT&T T $28.34 +0.01 0.04% 15,888,304 NYSE
Alcoa AA $16.03 -0.07 0.43% 14,246,194 NYSE
American Express AXP $40.88 -0.17 0.41% 4,438,131 NYSE
Bank of America BAC $15.12 -0.17 1.11% 82,674,972 NYSE
Boeing BA $55.21 +0.07 0.13% 2,163,935 NYSE
Caterpillar CAT $58.18 -0.33 0.56% 2,871,219 NYSE
Chevron CVX $77.21 -0.56 0.72% 4,803,377 NYSE
Cisco CSCO $24.1 +0.02 0.08% 21,886,912 NASDAQ-GS
Coca-Cola KO $57.74 +0.30 0.52% 4,770,733 NYSE
Disney DIS $32.38 +0.47 1.47% 6,242,072 NYSE
DuPont DD $33.88 +0.18 0.53% 4,827,731 NYSE
ExxonMobil XOM $68.84 0.24 0.35% 19,979,870 NYSE
GE $15.44 +0.10 0.65% 48,312,993 NYSE
Hewlett-Packard HPQ $52.57 -0.19 0.36% 6,965,548 NYSE
Home Depot HD $29.27 +0.09 0.31% 6,901,496 NYSE
Intel INTC $20.402 +0.102 0.5% 29,242,134 NASDAQ-GS
IBM $131.85 -0.46 0.35% 4,183,881 NYSE
J.P.Morgan Chase JPM $41.49 -0.23 0.55% 15,590,071 NYSE
Johnson & Johnson JNJ $64.94 unch unch 6,657,435 NYSE
Kraft KFT $27.45 -0.03 0.11% 5,233,327 NYSE
McDonald's MCD $63.59 -0.02 0.03% 2,628,706 NYSE
Merck MRK $37.1 -0.19 0.51% 7,508,580 NYSE
Microsoft MSFT $31.39 +0.22 0.71% 29,489,805 NASDAQ-GS
Pfizer PFE $18.56 -0.07 0.38% 19,648,465 NYSE
Procter & Gamble PG $61.58 +0.33 0.54% 7,156,013 NYSE
3M MMM $84.13 +0.68 0.81% 3,865,898 NYSE
Travelers TRV $49.87 +0.04 0.08% 2,290,976 NYSE
United Technologies UTX $70.3 -0.16 0.23% 2,265,969 NYSE
Verizon VZ $33.43 -0.06 0.18% 7,786,672 NYSE
WalMart WMT $54.11 +0.13 0.24% 7,176,547 NYSE
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The following are excerpts from Tues. morning's Blog:

A read of Tuesday's 12/29/09 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 Monday's closing price and related data:

Dow: 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. Year to date the Dow Jones Industrial Average is up 20.18%. 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.

WSJ pC1 "Stocks Rise For a Sixth Straight Day" by Donna Kardos Yesalavich says stocks finished with a sixth straight gain, the longest winning streak since early Nov., after briefly dropping into the red during he afternoon. The Dow Jones Industrial Average hit a new high for the year, after moving in a narrow range in a very light holiday week trading. A report from MasterCard's SpendingPulse unit showed that total retail sales, excluding autos and gas, rose 3.6% over the year earlier period through Xmas Eve. Treasury prices fell and yields on the 2 year and 10 year notes rose to their highest levels since Aug. Oil futures rose 0.9% to 78.77 a barrel, the 4th consecutive gain.

WSJ pC4 "A Cheer for Stocks: IBM, 3M Lead Rally" by Donna Kardos Yesalavich says stocks rose to new closing highs for the year in a thinly traded session Mon, as gains across a host of firms including IBM and 3M overcame declines in American Express and other financial stocks. IBM was the blue chip average's strongest component Mon, up 1.3%. American Express kept the Dow's gains in check by falling 1.5. Although the Dow was pushed to its highest closing level in nearly 15 months Mon, few investors were present as trading volume was very low.

Fin Times p20 "Telecoms & health stocks help offset trailing financials" by Michael Mackenzie, Neil Dennis says US equity benchmarks rose modestly yesterday and closed at highs for the year, and offset lower airline and financial stocks. After their opening rally, stocks trimmed some strength as investors turned wary of pushing the market too far in the final week of the year, a time of thin liquidity and low volumes. IBM rose 1.3% after Barron's said the firm had significant room for growth and merited trading at a higher multiple. Shares in 3M gained 1.1%. Other bluechips under pressure included Walt Disney down 1.2% while American express lost 1.5% and Alcoa dropped 1.5%.

NYT pB6 "Wall St. Overcomes a Slip To Extend Its Winning Sreak" by Javier C.Hernandez says the headline on the markets is beginning to sound repetitious: Wall St. on Mon finished at its high for the year while extending its winning streak to 6 days. But a bit of drama occurred on Mon, even if it was in part because of swings caused by light trading. Shares, which traded higher for much of the morning, lost their momentum in the afternoon and were in a negative territory less than half hour before the close. A report showing that holiday sales in the US were up 3.6%, compared with a 2.3% dip a year ago,, sent the markets in the right direction.

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.

AT&T T $28.33 +0.23 0.82% 15,624,560 NYSE: WSJ pB1 "IPhone Snafu Stirs Network Concerns" by Niraj Sheth & AJC pA10 says AT&T resumed online sales of the iPhone Mon to New Yorkers, after they were unable to buy Apple's popular phone on AT&T's web site over the weekend. The interruption and AT&T's lack of explanation was noted on several blogs, adding fuel to questions about whether the firm's network can handle iPhone traffic, especially in dense urban markets. As high end phones that download data and run applications become more popular, other carriers, like Verizon Wireless and Sprint Next could face the same challenge. A phone from Google that will be available early next year could put similar pressure on other carriers. Users who tried to buy an iPhone on AT&T's web site and supplied a New York City Zip Code were instructed to choose another phone. The story mentions how Verizon Wireless, a jv of Verizon Communications and Vodaphone mocks AT&T's network quality in an ad campaign.

Alcoa AA $16.1 -0.24 1.47% 19,011,568 NYSE: Fin Times p20 "Telecoms & health stocks help offset trailing financials" by Michael Mackenzie, Neil Dennis says US equity benchmarks rose modestly yesterday and closed at highs for the year, and offset lower airline and financial stocks. After their opening rally, stocks trimmed some strength as investors turned wary of pushing the market too far in the final week of the year, a time of thin liquidity and low volumes. IBM rose 1.3% after Barron's said the firm had significant room for growth and merited trading at a higher multiple. Shares in 3M gained 1.1%. Other bluechips under pressure included Walt Disney down 1.2% while American express lost 1.5% and Alcoa dropped 1.5%.

American Express AXP $41.05 -0.63 1.51% 5,369,860 NYSE: WSJ pC4 "A Cheer for Stocks: IBM, 3M Lead Rally" by Donna Kardos Yesalavich says stocks rose to new closing highs for the year in a thinly traded session Mon, as gains across a host of firms including IBM and 3M overcame declines in American Express and other financial stocks. IBM was the blue chip average's strongest component Mon, up 1.3%. American Express kept the Dow's gains in check by falling 1.5. Although the Dow was pushed to its highest closing level in nearly 15 months Mon, few investors were present as trading volume was very low.

Fin Times p20 "Telecoms & health stocks help offset trailing financials" by Michael Mackenzie, Neil Dennis says US equity benchmarks rose modestly yesterday and closed at highs for the year, and offset lower airline and financial stocks. After their opening rally, stocks trimmed some strength as investors turned wary of pushing the market too far in the final week of the year, a time of thin liquidity and low volumes. IBM rose 1.3% after Barron's said the firm had significant room for growth and merited trading at a higher multiple. Shares in 3M gained 1.1%. Other bluechips under pressure included Walt Disney down 1.2% while American Express lost 1.5% and Alcoa dropped 1.5%.

Bank of America BAC $15.29 +0.04 0.26% 102,538,543 NYSE: WSJ pC1 "Bank of America's Credit Card Bill" says BoA's new CEO, Brian Moynihan, pictured with the same type of confusion that his predecessor, Ken Lewis, was always displaying in his photos, will have to continue dealing with the credit card business which was his previous job as pres. of consumer and small biz banking. The charge off rate for credit cards has climbed from 6 to about 13% since 3Q '08 and losses are expected to be around $7bil for 3Q according to tables. Bank of America is the second largest US card issuer, after JPMorgan Chase and the card division accounts for 23% of BofA's rev through the first nine months of '09 but cards also lost $4.5bil during the same period. BofA's problems started in '06 when it purchased MBNA, one of the nation's biggest credit card issuers, for $35 bil. BofA offered unsecured credit lines of up to $100,000 to start ups. Their small biz default rate hit 17.5% in 3Q of '09.

Fin Times p16 "BofA Merrill back on track with new blue chip clients" by Parick Jenkins says BofA Merrill Lynch has produced more evidence that it is bouncing back from the disruption caused by BofA's acquisition of Merrill. It has overtaken UBS to become the second biggest corprotae broking adviser among UK blue chips, afer JPMorgan Casenove.

Boeing BA $55.14 +0.34 0.61% 2,072,154 NYSE: No mentions found.

Caterpillar CAT $58.51 +0.18 0.31% 3,789,719 NYSE: No mentions found.

Chevron CVX $77.77 +0.34 0.44% 4,192,773 NYSE: No mentions found.

Cisco CSCO $24.08 +0.12 0.5% 20,191,153 NASDAQ-GS: No mentions found.

Coca-Cola KO $57.44 unch unch 3,839,705 NYSE: No mentions found.

Disney DIS $31.91 -0.38 1.18% 7,981,601 NYSE: Fin Times p20 "Telecoms & health stocks help offset trailing financials" by Michael Mackenzie, Neil Dennis says US equity benchmarks rose modestly yesterday and closed at highs for the year, and offset lower airline and financial stocks. After their opening rally, stocks trimmed some strength as investors turned wary of pushing the market too far in the final week of the year, a time of thin liquidity and low volumes. IBM rose 1.3% after Barron's said the firm had significant room for growth and merited trading at a higher multiple. Shares in 3M gained 1.1%. Other bluechips under pressure included Walt Disney down 1.2% while American express lost 1.5% and Alcoa dropped 1.5%.

DuPont DD $33.7 +0.28 0.84% 3,813,746 NYSE: No mentions found.

ExxonMobil XOM $69.08 +0.42 0.61% 19,694,570 NYSE: No mentions found.

GE $15.34 -0.10 0.65% 45,710,411 NYSE: No mentions found.

Hewlett-Packard HPQ $52.76 -0.11 0.21% 11,146,758 NYSE: No mentions found.

Home Depot HD $29.18 +0.01 0.03% 7,299,719 NYSE: No mentions found.

Intel INTC $20.3 -0.03 0.15% 27,373,538 NASDAQ-GS: No mentions found.

IBM $132.31 +1.74 1.33% 5,799,087 NYSE: WSJ pC4 "A Cheer for Stocks: IBM, 3M Lead Rally" by Donna Kardos Yesalavich says stocks rose to new closing highs for the year in a thinly traded session Mon, as gains across a host of firms including IBM and 3M overcame declines in American Express and other financial stocks. IBM was the blue chip average's strongest component Mon, up 1.3%. American Express kept the Dow's gains in check by falling 1.5. Although the Dow was pushed to its highest closing level in nearly 15 months Mon, few investors were present as trading volume was very low.

Fin Times p20 "Telecoms & health stocks help offset trailing financials" by Michael Mackenzie, Neil Dennis says US equity benchmarks rose modestly yesterday and closed at highs for the year, and offset lower airline and financial stocks. After their opening rally, stocks trimmed some strength as investors turned wary of pushing the market too far in the final week of the year, a time of thin liquidity and low volumes. IBM rose 1.3% after Barron's said the firm had significant room for growth and merited trading at a higher multiple. Shares in 3M gained 1.1%. Other bluechips under pressure included Walt Disney down 1.2% while American express lost 1.5% and Alcoa dropped 1.5%.

J.P.Morgan JPM $41.72 -0.17 0.41% 13,039,891 NYSE: WSJ pC1 "Bank of America's Credit Card Bill" says BoA's new CEO, Brian Moynihan, pictured with the same type of confusion that his predecessor, Ken Lewis, was always displaying in his photos, will have to continue dealing with the credit card business which was his previous job as pres. of consumer and small biz banking. The charge off rate for credit cards has climbed from 6 to about 13% since 3Q '08 and losses are expected to be around $7bil for 3Q according to tables. Bank of America is the second largest US card issuer, after JPMorgan Chase and the card division accounts for 23% of BofA's rev through the first nine months of '09 but cards also lost $4.5bil during the same period. BofA's problems started in '06 when it purchased MBNA, one of the nation's biggest credit card issuers, for $35 bil. BofA offered unsecured credit lines of up to $100,000 to start ups. Their small biz default rate hit 17.5% in 3Q of '09.

Fin Times p16 "BofA Merrill back on track with new blue chip clients" by Parick Jenkins says BofA Merrill Lynch has produced more evidence that it is bouncing back from the disruption caused by BofA's acquisition of Merrill. It has overtaken UBS to become the second biggest corprotae broking adviser among UK blue chips, afer JPMorgan Casenove.

NYT pB8 "JPMorgan Sues Former exec Accused of $2.8 Mil Theft" by Reuters says JPMorgan said Mon that it had sued a former banking exec arrested last year in Argentina, accusing him of stealing $2.8 mil from a customer's account. In a civil lawsuit filed Mon in NYC, JPMorgan said the exec had arranged for the money to be wired to a customer account at his previous employer, UBS, an account from which it said he had also stolen funds.

Johnson & Johnson JNJ $64.94 +0.24 0.37% 5,693,470 NYSE: No mentions found.

Kraft KFT $27.48 -0.08 0.29% 4,368,441 NYSE: Fin Times p16 "M&A faces intense scrutiny in the UK" by Adam Jones says after years of big deals, opposition to Kraft's takeover of Cadbury may be a sign of things to come. Firms that try to acquire UK based firms will now face harsher scrutiny. Some of he opposition to Kraft's bid has been tinged with nationalist sentiment, although the spotlight on the proposed takeover has been unusually glaring because of the dearth of M&A activity elsewhere.

McDonald's MCD $63.61 +0.19 0.3% 2,389,320 NYSE: No mentions found.

Merck MRK $37.29 +0.30 0.81% 9,965,271 NYSE: No mentions found.

Microsoft MSFT $31.17 +0.17 0.55% 25,383,905 NASDAQ-GS: WSJ pB4 "Chip Makers Head for Better Times" by Hun-Hee Kim says computer memory chip makers expect their fortunes to improve in '10 after 2 tough years, allowing them to boost capital spending to improve their technology. The launch of the new Windows 7 operating system from Microsoft may prompt consumers and firms to replace their aging computers with new ones that require more memory storage next year, providing a much needed demand boost for DRAM chips or dynamic random access memory chips, which are the main chips used to store data in PCs.

WSJ pC5 says Two consumer groups asked the FTC to block Google's proposed $750 mil acquisition of mobile advertising firm AdMob Inc., as they allege the deal would diminish competition. Google says there are more than a dozen mobile advertising networks and that a number of firms, including Microsoft and yahoo, have made similar acquisitions in the past 2 years.

Pfizer PFE $18.63 +0.03 0.16% 19,448,881 NYSE: No mentions found.

Procter & Gamble PG $61.25 -0.03 0.05% 6,880,520 NYSE: No mentions found.

3M MMM $83.45 +0.90 1.09% 2,353,778 NYSE: WSJ pC4 "A Cheer for Stocks: IBM, 3M Lead Rally" by Donna Kardos Yesalavich says stocks rose to new closing highs for the year in a thinly traded session Mon, as gains across a host of firms including IBM and 3M overcame declines in American Express and other financial stocks. IBM was the blue chip average's strongest component Mon, up 1.3%. American Express kept the Dow's gains in check by falling 1.5. Although the Dow was pushed to its highest closing level in nearly 15 months Mon, few investors were present as trading volume was very low.

Travelers TRV $49.83 -0.11 0.22% 2,430,603 NYSE: No mentions found.

United Technologies UTX $70.46 +0.10 0.14% 2,021,896 NYSE: No mentions found.

Verizon VZ $33.49 +0.13 0.39% 8,565,971 NYSE: WSJ pB1 "IPhone Snafu Stirs Network Concerns" by Niraj Sheth & AJC pA10 says AT&T resumed online sales of the iPhone Mon to New Yorkers, after they were unable to buy Apple's popular phone on AT&T's web site over the weekend. The interruption and AT&T's lack of explanation was noted on several blogs, adding fuel to questions about whether the firm's network can handle iPhone traffic, especially in dense urban markets. As high end phones that download data and run applications become more popular, other carriers, like Verizon Wireless and Sprint Next could face the same challenge. A phone from Google that will be available early next year could put similar pressure on other carriers. Users who tried to buy an iPhone on AT&T's web site and supplied a New York City Zip Code were instructed to choose another phone. The story mentions how Verizon Wireless, a jv of Verizon Communications and Vodaphone mocks AT&T's network quality in an ad campaign.

WalMart WMT $53.98 +0.38 0.71% 7,425,289 NYSE: WSJ pB1 "Retailers Jockey to Market Swine-Flu Shots" by Timothy W. Martin says pharmacies, supermarkets and otherr retailers are jockeying to become the go-to provider for swine flu vaccinations, in a bid to attract more customers and promote their instore helath clinics. A side bar chart shows 6 stores that carry the H1N1 vaccine: Walmart in 48 states, Walgreen, 49 states, Rite Aid, 30 states, CVS, 23 states, Safeway 17 states and Kroger in 29 states. The price for he vaccine ranges from $10 to $18 and WalMart's price is $15.

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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).