1/13/10 Wed. am Alcoa Plunges 11.1% on Weak Results

WE CAN ALSO BE FOUND AT WWW.DOWJONESMONITOR.COM

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Post #240 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 1/4/10 and an update of the Dow 30's most recent SEC filings as of 1/4/10.

A read of Wednesday's 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 Tuesday's closing price and related data.

Dow: The Dow Jones Industrial Average closed Tuesday at 10,627.26 down 36.73 or 0.34% from Monday's close of 10,663.99. Year to date the Dow is up 1.91%. Of the 30 Dow Companies: 12 gained and 18 declined. The biggest gainer dollar-wise was IBM $130.51 +1.03 0.8% 7,979,749 NYSE and percentage-wise was Kraft KFT $29.29 +0.49 1.7% 19,499,153 NYSE. The biggest decliner dollar-wise and percentage-wise was Alcoa AA $15.52 -1.93 11.06% 155,382,975 NYSE.

As of the open of the market Wednesday, 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 1814 down from Tuesday morning's 18.50 (year ago it was 18.31) the P/E estimate is 13.75 unchanged from Tuesday's 13.75 (year ago it was 10.58) and the current dividend yield is 2.57 up from Tuesday's 2.56 (it was 3.72 a year ago).

WSJ pC1 "China, Alcoa Team to end Stocks' Run" by Peter A. McKay ways weak earnings reports and moves by China to rein in bank lending weighed on US stocks on Tues., snapping winning streaks in key indexes. The Dow Jones Industrial Average fell for the first time in 4 days declining 0.3% led by an 11.1% plunge in Alcoa, the worst one day drop since Mar. '09, after Alcoa's results disappointed investors. Commodities prices also fell as China's efforts to cool its economy raised concerns that it may choke off a key engine of economic growth. Oil declined 3% and copper fell 3.7%. The prospect of slower global growth drove Caterpillar shares down 3%. Despite the sour note struck by Alcoa, many traders and analysts hesitated to immediately ratchet back their hopes for the first year on year rise in profits since 2Q of '07.

WSJ pC5 "Chevron, BofA Sink: Alcoa Stock Falls 11%" by Dona Kardos Yesalavich says stocks fell Tues. as a disappointing quarterly earnings report from Alcoa and profit warnings from Chevron and Electronic Arts weighed on investor sentiment. Alcoa tumbled after it kicked off the 4Q earnings season with a $277 mil loss,, reporting lower sales in he construction aerospace, commercial building and gas turbine markets. Bank of America dropped 3.4% after the SEC filed a lawsuit against it, alleging the bank violated fed proxy rules by failing to disclose moutning losses at Merrill prior to a '08 shareholder vote on the merger. Other decliner on the Dow included Chevron and Caterpillar. Chevron fell 0.6% after warning it expects its 4Q earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business came as the reports from Alcoa and Chevron lowered investors' hopes for corp. 4Q earnings reports.

NYt pB9 "Shares Tumble Amid Concern About a Tax on Banks" by Reuters says stocks slid in a broad sell off on Tues. as investors pummeled financials on concerns about a potential gov tax on banks, while Alcoa's disappointing earnings tempered optimism about the economic recovery.

Fin Times p24 "Pessimism over Alcoa's figures weighson stocks' by Samanth aPearson says a disappointing start to the earnings season sent US stocks lower yesterday. Shares in Alcoa dropped 11.1% after it reported a lower 4Q profit than expected.

USA Today p4 "Stocks fall as optimism takes a blow" by AP says investros are suffering another bout of pessimism about the strength of the global economic recovery as stocks fell tues., sending the S& P 500 down nearly 1%. Meanwhile, demand for the safetyu to Treasuriers sent bond prices higher and interest rates lower.

Tuesday's Dow Jones Industrial Average closing numerator was 1406.19 down 4.86 from Monday's closing Dow numerator of 1411.05. 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 4.86 for Tuesday by the divisor you get the decrease in Tuesday's Dow close of 36.73.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 46.97 down 0.07 from Monday's Dow Jones Industrial Average closing price of $47.04. The median closing price of Tuesday's Dow Jones Industrial Average was 42.76 down 0.74 from Monday's $43.50. The lowest volume was 3M MMM $84.05 +0.07 0.08% 2,977,938 NYSE and the highest volume again was Bank of Am BAC $16.36 -0.57 3.37% 221,470,815 NYSE.

If Tuesday 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 $210 ($141,120 -$140,910).

AT&T T $26.96 -0.01 0.04% 26,174,720 NYSE: No mentions found.

Alcoa AA $15.52 -1.93 11.06% 155,382,975 NYSE: Fin Times p18 "Alcoa plunges on declining sales" by Bloomberg says Alcoa's share price fell sharply yesterday after Alcoa released worse than expected quarterly results amid nagging concerns whether its price rally can keep gong. Adjusted profits were one cent a share in 4Q and sales declined 4.5% to $5.43 bil. Alcoa had to buy 207,000 tons of alum on the open market to satisfy custoemr purchase deals, while coping with higher costs.

WSJ pC1 "China, Alcoa Team to end Stocks' Run" by Peter A. McKay ways weak earnings reports and moves by China to rein in bank lending weighed on US stocks on Tues., snapping winning streaks in key indexes. The Dow Jones Industrial Average fell for the first time in 4 days declining 0.3% led by an 11.1% plunge in Alcoa, the worst one day drop since Mar. '09, after Alcoa's results disappointed investors. Commodities prices also fell as China's efforts to cool its economy raised concerns that it may choke off a key engine of economic growth. Oil declined 3% and copper fell 3.7%. The prospect of slower global growth drove Caterpillar shares down 3%. Despite the sour note struck by Alcoa, many traders and analysts hesitated to immediately ratchet back their hopes for the first year on year rise in profits since 2Q of '07.

Fin Times p24 "Pessimism over Alcoa's figures weighson stocks' by Samanth aPearson says a disappointing start to the earnings season sent US stocks lower yesterday. Shares in Alcoa dropped 11.1% after it reported a lower 4Q profit than expected.

WSJ pC2 "World Stock Markets" by Wei Zhe Tan, Leslie Shaffer says Asian markets ended on a mixed note, as Alcoa's disappointing earnings weighed on the region's materials shares.

WSJ pC5 "Chevron, BofA Sink: Alcoa Stock Falls 11%" by Dona Kardos Yesalavich says stocks fell Tues. as a disappointing quarterly earnings report from Alcoa and profit warnings from Chevron and Electronic Arts weighed on investor sentiment. Alcoa tumbled after it kicked off the 4Q earnings season with a $277 mil loss,, reporting lower sales in he construction aerospace, commercial building and gas turbine markets. Bank of America dropped 3.4% after the SEC filed a lawsuit against it, alleging the bank violated fed proxy rules by failing to disclose moutning losses at Merrill prior to a '08 shareholder vote on the merger. Other decliner on the Dow included Chevron and Caterpillar. Chevron fell 0.6% after warning it expects its 4Q earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business came as the reports from Alcoa and Chevron lowered investors' hopes for corp. 4Q earnings reports.

WSJ pC5 Alcoa is charted under "Bad News" saying earnings season kicked off with a downer as Alcoa's numbers disappointed.

WSJ pC16 "At Alcoa, An Energy Squeeze" by Liam Denning says Alcoa beat rev estimates in 4Q, but earnings fell short. The top line surprise was due to a jump on the aluminum bought by Alcoa and resold, at low margins meanwhile, earnings suffered from rising energy prices, which account for 44% of aluminum production costs.

American Express AXP $42.02 +0.55 1.33% 12,551,068 NYSE: No mentions found.

Bank of America BAC $16.36 -0.57 3.37% 221,470,815 NYSE: WSJ pC1 "BofA's Secret of Success: Real Estate" by Anton Trolanovski says Bank of America's shotgun marriage to Merrill Lynch has produced plenty of ill will, and big profits in real esate investment banking. It blew away the competition last yer in udnerwriting stock offerings by commercial real estate firms because it leveraged its relationships with real estate borrowers to generate a flood of investment banking work, formerly handled by former Merrill bankers. BofA was the left bookrunner in 50% of REIT follow on equity offerings of '09.

WSJ pC1 "Loan Losses Pit Insurers Vs. lenders" by Carrick Mollenkamp, Serena Ng says in the slugfest between the banks that created now busted mortgages and mortgage bonds and the insurance firms that guaranteed them, insurers increasingly believe they can avoid losing billions if they succeed in rescinding or recovering claims. In Dec., a unit of Countrywide Fiancial Corp. now owned by Bank of America sued mortgage insurer Mortgage Guaranty Insurance Corp.

WSJ pC3 "BofA Shuffles Top Ranks As SEC Files A Proxy Suit" by Dan Fitzpatrick, Chard Bray say BofA CEO Brian Moynihan put the firm's finance chief, Joe Price, in charge of consumer, small business and card banking as part of a management shuffle that left a former contender for the SCEO job with scaled back responsibilities, Greg Curl who lost his duties as chief risk officer.

WSJ pC5 "Chevron, BofA Sink: Alcoa Stock Falls 11%" by Dona Kardos Yesalavich says stocks fell Tues. as a disappointing quarterly earnings report from Alcoa and profit warnings from Chevron and Electronic Arts weighed on investor sentiment. Alcoa tumbled after it kicked off the 4Q earnings season with a $277 mil loss,, reporting lower sales in he construction aerospace, commercial building and gas turbine markets. Bank of America dropped 3.4% after the SEC filed a lawsuit against it, alleging the bank violated fed proxy rules by failing to disclose moutning losses at Merrill prior to a '08 shareholder vote on the merger. Other decliner on the Dow included Chevron and Caterpillar. Chevron fell 0.6% after warning it expects its 4Q earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business came as the reports from Alcoa and Chevron lowered investors' hopes for corp. 4Q earnings reports.

The SEC suit against BofA is also reported at USA Today pB1.

Fin Times p5 "Outcry on Wall St at "absurd" levy plan" by Francesco Guerrera says Wall St. reacted with disbelief and resignation to the Obama admin's plans to impose a levy on the industry to pay for the financial bail outs. The levy would be set as a percentage of a bank's liabilities that would tilt the cost towards the larger banks such as Citi, BofA and JPMorgan.

Boeing BA $60.43 -0.44 0.72% 5,252,089 NYSE: WSJ pB3 "Airbus Sees Trouble Ahead" by David Pearson, Daniel Michaels says Airbus reported robust production and orders for last year but said it faces considerable risk over its contract to build a military transport for European governments. Boeing last week said ti secured 142 orders net of cancellations and delivered 481 jetliners last year. Boeing last delivered more planes than Airbus in '02. turmoil in the airline industry has spurred aircraft customers to cancel or delay orders, forcing Airbus and Boeing to juggle delivery schedules by finding new customers who can take delivery. Bot want to avoid big production cuts because such swings are hard to manage and must be reversed once demand improves.

Caterpillar CAT $62.24 -1.89 2.95% 13,446,863 NYSE: WSJ pC5 "Chevron, BofA Sink: Alcoa Stock Falls 11%" by Dona Kardos Yesalavich says stocks fell Tues. as a disappointing quarterly earnings report from Alcoa and profit warnings from Chevron and Electronic Arts weighed on investor sentiment. Alcoa tumbled after it kicked off the 4Q earnings season with a $277 mil loss,, reporting lower sales in he construction aerospace, commercial building and gas turbine markets. Bank of America dropped 3.4% after the SEC filed a lawsuit against it, alleging the bank violated fed proxy rules by failing to disclose moutning losses at Merrill prior to a '08 shareholder vote on the merger. Other decliner on the Dow included Chevron and Caterpillar. Chevron fell 0.6% after warning it expects its 4Q earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business came as the reports from Alcoa and Chevron lowered investors' hopes for corp. 4Q earnings reports.

Chevron CVX $80.41 -0.47 0.58% 12,116,730 NYSE: WSJ pC5 "Chevron, BofA Sink: Alcoa Stock Falls 11%" by Dona Kardos Yesalavich says stocks fell Tues. as a disappointing quarterly earnings report from Alcoa and profit warnings from Chevron and Electronic Arts weighed on investor sentiment. Alcoa tumbled after it kicked off the 4Q earnings season with a $277 mil loss,, reporting lower sales in he construction aerospace, commercial building and gas turbine markets. Bank of America dropped 3.4% after the SEC filed a lawsuit against it, alleging the bank violated fed proxy rules by failing to disclose moutning losses at Merrill prior to a '08 shareholder vote on the merger. Other decliner on the Dow included Chevron and Caterpillar. Chevron fell 0.6% after warning it expects its 4Q earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business came as the reports from Alcoa and Chevron lowered investors' hopes for corp. 4Q earnings reports.

Cisco CSCO $24.2 -0.39 1.59% 35,575,420 NASDAQ-GS: No mentions found.

Coca-Cola KO $56.88 +0.61 1.08% 10,810,902 NYSE: No mentions found.

Disney DIS $30.82 -0.54 1.72% 14,565,163 NYSE: WSJ pB6 "Disney Exec Aviv Announces Departure" by Ethan Smith says Disney's No. exec, Production Pres. Oren Aviv, is leaving 3 months after the installation of Rich Ross as Disney Studios' chairman.

DuPont DD $34 -0.26 0.76% 6,242,911 NYSE: No mentions found.

ExxonMobil XOM $69.95 -0.35 0.5% 31,280,546 NYSE: No mentions found.

GE $16.77 +0.01 0.06% 64,208,047 NYSE: WSJ pB1 "Conan Says No Thank To a Later Slot" by Sam Schechner, Shira Ovide says there is now doubt over Conan O'Brien's future at the GE owned network.

Hewlett-Packard HPQ $51.97 -0.46 0.88% 12,248,781 NYSE: No mentions found.

Home Depot HD $27.98 -0.18 0.64% 22,550,308 NYSE: AJC pA12 says Home Depot and the Home Depot Foundation will fund the firm's '10 Pro Trade Scholarship Program with $1 mil in cash and grants.

Intel INTC $20.608 -0.342 1.63% 69,478,229 NASDAQ-GS: WSJ pB4 "Rambus Chip Trial Promises to Draw In CEOs" by Don Clark says a highs stakes trial pitting Rambus against 3 chip makers is expected to begin opening maneuvers Wed. in S.F., Cal. The case centers on allegations by Rambus that Micron and 2 others conspired to block tech developed by Rambus from industry acceptance. Micron has listed Intel's CEO, Paul Otellini, as a witness.

IBM $130.51 +1.03 0.8% 7,979,749 NYSE: WSJ pB4 "IBM Cief Cites imits Of Resources" by Paul Galder says the world economy has stabilized somewhat but resoruce constraints will linger per IBM CEO Samuuel Palmisano in a London speech.

J.P.Morgan Chase JPM $43.49 -1.04 2.34% 46,958,310 NYSE: WSJ pC5 "Options Report" by Tennille Tracy says several banks are scheduled to report quarterly earnings this month, including JPMorgan Chase and Ggoldman Sachs and some options traders are betting the stocks will slide slower.

Fin Times p1 "Headline: Banks face political heat over bonuses" by Francesco Guerrera, Justin Baer, Tom Braithwaite, Sharlene Goff says bankers on both sides of the Atlantic struggled to quell anger over their bonus payouts as Congress prepared a new probe into exec comp and gov officials worked to claw back all bail out costs. The political heat is expected to rise today when top US bank execs, including JPMorgan Chase's Jamie Dimon are scheduled to testify before a commission to study the causes of the crisis. Dimon said he was a little tired of the vilification of his employees.

Fin Times p5 "Outcry on Wall St at "absurd" levy plan" by Francesco Guerrera says Wall St. reacted with disbelief and resignation to the Obama admin's plans to impose a levy on the industry to pay for the financial bail outs. The levy would be set as a percentage of a bank's liabilities that would tilt the cost towards the larger banks such as Citi, BofA and JPMorgan.

Johnson & Johnson JNJ $64.56 +0.34 0.53% 10,741,239 NYSE: No mentions found.

Kraft KFT $29.29 +0.49 1.7% 19,499,153 NYSE: WSJ pB1 "Cadbury Is Defiant After Gain In Sales" by Cecilie Rohwedder says Cadbury reported steady gains in rev and margins for '09 and a promising outlook for '10, news that it hopes will bolster its defense against Kraft as the firms enter the final stages of a 5 month hostile takeover battle.

Fin times p19 "Last standby Cadbury puts onus on Kraft" by Jenny Wiggins & WSJ pC16 "Cadbury's Bid For More Cash" by Matthew Curtin say Cadbury has fired the last shot in its defense by filing with the Takeover Board in London the results of its restructuring program. The article says Kraft's current offer valuing Cadbury's stock at $12.355 is inadequate although Cadbury's shares are only trading slightly above that.

Fin Times p15 "Ferrero debating Cadbury retreat" by Vincent Boland, Jenny Wiggins, Rachel Sanderson says Ferrero, the Italian chocolate maker, was debating abandoning a pursuit of Cadbury as Cadbury launched a stinging attack on Kraft's $16.8 hostile bid.

McDonald's MCD $62.66 +0.34 0.55% 7,124,745 NYSE: No mentions found.

Merck MRK $37.55 -0.30 0.79% 10,874,443 NYSE: No mentions found.

Microsoft MSFT $30.07 -0.20 0.66% 65,432,418 NASDAQ-GS: WSJ pB4 item by Nick Wingfield says Microsoft has released a programming tool called Kodu that's designed to make creating a game simple enough that children under 10 can do it.

Pfizer PFE $18.77 -0.06 0.32% 40,936,169 NYSE: No mentions found.

Procter & Gamble PG $60.89 +0.69 1.15% 13,012,117 NYSE: No mentions found.

3M MMM $84.05 +0.07 0.08% 2,977,938 NYSE: No mentions found.

Traveler's TRV $48.85 +0.31 0.64% 4,878,640 NYSE: No mentions found.

United Technologies UTX $71.74 -0.42 0.58% 4,668,686 NYSE: No mentions found.

Verizon VZ $31.91 +0.03 0.09% 13,471,047 NYSE: No mentions found.

Wal-Mart WMT $54.73 +0.52 0.96% 14,917,933 NYSE: USA Today pA1 & AJC pA12 say Claire's joins WalMart in pulling tainted jewelry that shows high levels of the heavy metal cadmium.

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Here are the CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan.
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 1/4/10 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 204 [4]
4. Chevron CVX 188 [2.5]
5. Johnson & Johnson JNJ 178 [3]
6. Procter & Gamble PG 177 [3]
7. IBM 172 [1.5]
8. AT&T 165 [6]
9 JPMorgan Chase 164 [4]
10. GE 161 [10.5]
11. Pfizer PFE 147 [8]
12. Cisco CSCO 138 [6]
13. Coke KO 132 [2]
14. BAC 130 [8.5]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 94 [3]
19. Merck MRK 77 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 58 [.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 35 [.5]
28. DuPont DD 30 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1]

Here are the latest SEC filings as of 1/4/10 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: 12/24/09 8K re: a joint venture with Saudi Arabian Mining Company (Ma’aden) for the development of an integrated bauxite mine, alumina refinery, aluminum smelter, and rolling mill in the Kingdom of Saudi Arabia.

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: 12/22/09 8K re: the closing of a public offering of $1,500,000,000 aggregate liquidation amount of an affiliated trust.

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.

Kraft KFT: 12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

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.

McDonalds MCD: 12/18/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

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: 12/23/09 8K re: grant of stock options to executives.

12/7/09 8K re:amendments to bylaws.

WalMartWMT: 12/8/09 10Q