1/20/10 Wed am Cadbury accepts Kraft's $19.4 Bil Offer

The following is not intended as advertising by a broker-dealer and is not a research report.

Post #251 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 1/13/10 and an update of the Dow 30component's most recent SEC filings as of 1/13/10.

A read of Wednesday's print editions of: The Wall St. Journal, The Financial Times, The New York Times, USA Today, Investor's Business Daily, 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 10,725.43 up 115.78 or 1.09% from Friday's close of 10,609.65. Year to date the Dow Jones Industrial Average is up 2.85%. Of the 30 Dow Companies: 26 gained and 4 declined. The biggest gainer dollar-wise was IBM $134.14 +2.36 1.79% 12,366,686 NYSE and percentage-wise was Merck MRK $40.62 +1.15 2.91% 19,852,692 NYSE. The biggest decliner dollar-wise and percentage-wise was J.P.Morgan Chase JPM $43.28 -0.40 0.92%41,224,194 NYSE.

WSJ pC1 "Vote Result: Blue Chips Jump 115.78" by Peter A. McKay says the election turmoil in Mass. produced a clear winner: health care stocks as the sector led a broad market rally, pushing the Dow Jones Industrial Average up 1.1% to a new 15 month high, hepled by gains of more than 2% each in Merck and Pfizer. managed care stocks, whichs eemed to have the most to lose from health care change, jumped.

WSJ pC5 "Merck Climbs 2.9%; Hershey Turns Sweet" by Donna Kardos Yesalavich says the prospect of a Republican win for a Senate seat in Mass powered stocks to 15 month highs, with Merck, Pfizer and Aetna jumping on hopes for more concessions to be made to health care legislation. Also lifting the Dow, McDonald's rose 1.9% after Credit Suisse boosted its investment rating on the stock to outperform from neutral while cutting its rating on rival Burger King to neutral from outperform. Kraft Foods was among the Dow's few laggards, off 0.6% after it clinched a deal to acquire Cadbury.

Fin Times p24 "Mass. poll speculation gives healthcare a tonic" by Samantha Pearson says speculation over a Republication victory in Mass (which happened) prompted a rally among healthcare and helped Wall St. hit a fresh 15 month high. Tech stocks also rose, in anticipation of positive quarterly results from IBM after the closing bell. IBM's shares rose 1.8% and IBM is considered the sector's bellwether. Last week Intel reported revs and profits sharply above analysts' expectations and gave an optimistic forecast for 1Q citing miproving demand for electronic goods int he recovery. Last Fri, JPMorgan reported higher profits than Wall St had been expecting but the shares fell sharply because of concerns over rising loan losses. JPMorgan was down again .09 %. Shares in Kraft fell 0.6% after it agreed to buy Cadbury and McDoanld's rose 1.9% after Credit Suisse adjusted its ratings ont he sector and raised MCD to outperform from neutral while cutting rival Burger King to neutral from outperform.

USA Today p4B "Mass. vote implications spark buying" by AP says investors moved back into stocks on hopes that an election in Mass. will weaken Senate Democrats and make it harder for Pres. Obama to make changes to health care. meanwhile, Kraft's agreement to acquire Cadbury for $19.4 bil boosted hopes that corp. dealmaking will continue to rebound. Investors see buyouts as a sign of confidence in the economy. The Dow's gains came after stocks fell Fri when JPMorgan Chase's quarterly results fee short of expectations (the market was closed Mon.)

NYT pB9 "Drug Companies and a Pivotal Senate Race Help lead Mmarkets Higher" by Javier C. Hernandez says the possibility that the dynamics of the health care debate could shift helped spur Wall St. higher on Tues., overshadowing conerns about the strength of banks and the American Consumer.

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 17.98 up from Tuesday morning's 17.79 (year ago it was 17.61) the P/E estimate is 13.65 unchanged from Tuesday's 13.65 (year ago it was 10.00) and the current dividend yield is 2.5 down from Tuesday's 2.58 (it was 3.96 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1,419.18 up 15.32 from Friday's closing Dow numerator of 1403.86. 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 15.32 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 115.78.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 47.31 up 0.51 from Friday's Dow Jones Industrial Average closing price of $46.80. The median closing price of Tuesday's Dow Jones Industrial Average was 43.12 up 0.08 from Friday's $43.04. The lowest volume again was 3M MMM $ NYSE and the highest volume again was Bank of Am BAC $ 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 made $1,530 ($141,930 - $140,400).

AT&T T $26.2 +0.41 1.59% 33,414,667 NYSE: AJC pA11 "AT&T's overtime suit only latest" by Peralte C. Paul says a lawsuit filed in Ga. last month marks the latest major copr. to be accused of chaeating workers out of overtime pay. AT&T faces $1 bil in damages joins other large firms acorss the US that havee fought similar charges alleging violations of the fed Fair Labor Standards Act questioning how AT&T categorizes entry level managers.

Alcoa AA $15.62 -0.01 0.06% 34,228,552 NYSE: No mentions found.

American Express AXP $42.96 +0.57 1.34% 9,405,667 NYSE: No mentions found.

Bank of America BAC $16.32 +0.06 0.37% 179,314,690 NYSE: WSJ pC1 "Unfinished Projects Weigh on Banks" by Carrick Mollenkamp, Lingling Wei says for its neighbors in Atlanta's wealthiest area, the Streets of Buckhead is an unfinished eyesore, not the glitzy shopping district promised after the height of the real estate boom. For Bank of America, the project's biggest lender, it is a microcosm of commercial real estate problems faced by banks nationwide as builders default on loans and valuations tumble. The project's developer is in talks to raise $200 mil to complete the project and as part of the deal, BofA is negotiating to potentially swallow a big loss on the $160 mil loan it made to the developer before construction began. Bof A is the largest construction lender in the nation with $39.3 bil in loans outstanding and is scheduled to report its 4Q earnings today. Investors will be carefully watching its portfolio of commercial real estate loans as nonperforming ones have steadily increased at BofA from Sept '08 according to a side bar chart.

Boeing BA $60.65 -0.17 0.28% 5,408,355 NYSE: No mentions found.

Caterpillar CAT $60.93 +0.81 1.35% 7,967,075 NYSE: No mentions found.

Chevron CVX $79.68 +0.45 0.57% 8,618,943 NYSE: WSJ pB3 "Chevron to Cut Refining Jobs" by Ann Davis, Isabel Ordonex & Fin Times p14 "Chevron outlines refinery shake-up" by Sheila McNulty & AJC pA12 say Chevron told employees that it will cut jobs in its refining business and consider exiting some markets, capping a series of similar actions by big oil producers and refiners amid widespread pain in the gas production business. The number of job losses is unknown. ExxonMobil, whose facilities are among the world's most efficient, has reported losses at its US refineries in the pasat 2 quarters. The fact the integrated oil firms are having such a tough time after a period of fat refining profits from '04 to mid '08 shows that diversification isn't enough to overcome the industry's difficulties.

Cisco CSCO $24.85 +0.45 1.84% 36,743,581 NASDAQ-GS: No mentions found.

Coca-Cola KO $56.42 +0.13 0.23% 7,268,718 NYSE: AJC pA11 "coke to nurture African famers" by jeremiah McWilliams says Coke is planning to spend $3 mil to help mango and passion fruit farmers in Uganda and Kenyra and increase their productivity with the goal to get 50,000 farmers into the supply chain of Coke.

Disney DIS $31.01 +0.41 1.34% 9,636,067 NYSE: No mentions found.

DuPont DD $34.84 +0.83 2.44% 5,633,763 NYSE: No mentions found.

ExxonMobil XOM $69.27 +0.16 0.23% 25,652,945 NYSE: No mentions found.

GE $16.54 +0.10 0.61% 57,891,580 NYSE: WSJ pB4 "An O'Brien Jump to Fox has Hurdles" by Shira Ovide says O'Brien's exit from GE's NBC may alloow the Fox network to jump back into late night TV but it has to sell the idea to its corporate brass and the managers of the 205 Fox stations.

Hewlett-Packard HPQ $52.75 +0.28 0.53% 11,312,825 NYSE: No mentions found.

Home Depot HD $28.88 +0.31 1.09% 13,636,120 NYSE: No mentions found.

Intel INTC $21.05 +0.25 1.2% 81,541,437 NASDAQ-GS: Fin Times p24 "Mass. poll speculation gives healthcare a tonic" by Samantha Pearson says speculation over a Republication victory in Mass (which happened) prompted a rally among healthcare and helped Wall St. hit a fresh 15 month high. Tech stocks also rose, in anticipation of positive quarterly results from IBM after the closing bell. IBM's shares rose 1.8% and IBM is considered the sector's bellwether. Last week Intel reported revs and profits sharply above analysts' expectations and gave an optimistic forecast for 1Q citing miproving demand for electronic goods int he recovery. Last Fri, JPMorgan reported higher profits than Wall St had been expecting but the shares fell sharply because of concerns over rising loan losses. JPMorgan was down again .09 %. Shares in Kraft fell 0.6% after it agreed to buy Cadbury and McDoanld's rose 1.9% after Credit Suisse adjusted its ratings ont he sector and raised MCD to outperform from neutral while cutting rival Burger King to neutral from outperform.

IBM $134.14 +2.36 1.79% 12,366,686 NYSE: WSJ pB1 "IBM Logs Strong Contract Bookings" by Paul Galder, NYT pB1 "Huge Payoff Frm IBM After a Shift" by Steve Lohr, USA Today p2B & AJC pA12say IBM's profits were up 9% as rev grew only slightly, but did grow, for the first time in a eyar and a half. IBM said it was ahead of athe pace needed to reach its '10 target. IBM earned $4.8 bil, or 3.59 a share, up from $4.4 bil, or 3.27 a share, a year earlier. Rev was $27. bil vs $27 bil in '08 4Q.

Fin Times p24 "Mass. poll speculation gives healthcare a tonic" by Samantha Pearson says speculation over a Republication victory in Mass (which happened) prompted a rally among healthcare and helped Wall St. hit a fresh 15 month high. Tech stocks also rose, in anticipation of positive quarterly results from IBM after the closing bell. IBM's shares rose 1.8% and IBM is considered the sector's bellwether. Last week Intel reported revs and profits sharply above analysts' expectations and gave an optimistic forecast for 1Q citing miproving demand for electronic goods int he recovery. Last Fri, JPMorgan reported higher profits than Wall St had been expecting but the shares fell sharply because of concerns over rising loan losses. JPMorgan was down again .09 %. Shares in Kraft fell 0.6% after it agreed to buy Cadbury and McDoanld's rose 1.9% after Credit Suisse adjusted its ratings ont he sector and raised MCD to outperform from neutral while cutting rival Burger King to neutral from outperform.

J.P.Morgan Chase JPM $43.28 -0.40 0.92% 41,224,194 NYSE: WSJ pC1 "Ahead of the Tpe" by Kelly Evans says investor enthusiasm for the financial sector has waned recently as analysts have gotten more cautious about year end performance. Analysts predict Morgan Stanley on Wed will post earnings of 36 cents a share and rev of $7.8 bil. On Fri, JPMorgan Chase beat earnings estimates but reported disappointing loan losses and investment banking rev. Also, Goldman Sachs probably will see softening in its year end results when it reports Thurs.

WSJ pC20 "Citi's Investment Bank is Too Big to Flail" by Peter Eavis says after a lackluster 4Q report on Tues, some doubt if Citi can recover. Its securities and banking businesses had $800 bil of assets at year end giving it a balance sheet siilar to Morgan Stanley's and JPMorgan Chase's investment banks but Citi's previous earnings were overstated, which cold erode trust among investors, who expect watertight balance sheets from investment banks.

USA Today p4B "Mass. vote implications spark buying" by AP says investors moved back into stocks on hopes that an election in Mass. will weaken Senate Democrats and make it harder for Pres. Obama to make changes to health care. meanwhile, Kraft's agreement to acquire Cadbury for $19.4 bil boosted hopes that corp. dealmaking will continue to rebound. Investors see buyouts as a sign of confidence in the economy. The Dow's gains came after stocks fell Fri when JPMorgan Chase's quarterly results fee short of expectations (the market was closed Mon.)

Johnson & Johnson JNJ $65.35 +0.79 1.22% 15,089,419 NYSE: No mentions found.

Kraft KFT $29.41 -0.17 0.57% 52,813,920 NYSE: Fin Times p1 "Doubts remain as Cadbury accepts Kraft's improved offer of $19.4 bil" by Jenny Wiggins, Jonathan Guthrie, WSJ pB1 "Kraft Wins a Reluctant Cadbury With Help of Clock, Hedge Funds" by Dana Cimilluca, Ilan Brat, WSJ pC20 "Kraft Swaps Nest Egg for Cadbury" by Matthew Curtin, John Jannarone, USA Today p1B "Will Cadbury deal be sweet to Kraft?" by David Lieberman, Matt Krantz say Cadbury, the 186 year old British confectionary group accepted a $19.4 bil improved takeover bid from Kraft and justified its decision as the price of globalization. It ends a fierce 5 month takeover battle. Kraft CEO Irene Rosenfeld said she did not expect the deal to be usurped by a counter bid from Hershey. Legal & General Investment management, Cadbury's second biggest share holder expressed unhappiness with the deal. Shareholders are expected to approve the deal by Fri. The deal happened because Kraft did a successful bid strategy that bolstered the proportionn of hedge funds which own more than 20% Cadbury. The deal would make Kraft the world's biggest chocolate and candy firm, leaping past industry leaders Mars and Nestle. Kraft had rev of $40.3 bil and net income of $2.5 bil with 98,000 employees while Cadbury has 45,000 employees and for its most recent year did $564 mil net income on revs of $5.7 bil.

USA Today p4B "Mass. vote implications spark buying" by AP says investors moved back into stocks on hopes that an election in Mass. will weaken Senate Democrats and make it harder for Pres. Obama to make changes to health care. meanwhile, Kraft's agreement to acquire Cadbury for $19.4 bil boosted hopes that corp. dealmaking will continue to rebound. Investors see buyouts as a sign of confidence in the economy. The Dow's gains came after stocks fell Fri when JPMorgan Chase's quarterly results fee short of expectations (the market was closed Mon.)

Fin Times p8 "A recipe for cheese and chocolate" editorial says Kraft's takeover of Cadbury is a good sign of UK openness & at Fin Times p12 "The Lex Column" it says Hershey is unlikely to take on the debt required to beat Kraft's bid.

Related stories at WSJ pB6 as follows: "Hershey, on Its Own, has Limited Options" by Ilan Brat, Deborah Ball, Jeffrey McCracken, "U.K. Officials, Workers Troubled by Foregin Takeovers" by Alistair MacDonald, Cecilie Rohwedder, Fin Times p15 "Kraft chief says deal will boost growth" by Greg Farrell, Jenny Wiggins, Fin Times p15 "Midnight handshake capped day of drama" by Lina Saigol, NYT pB2 "Patience Pays Off In Kraft's Pursuit," NYT pB2 "Kraft to Acquire Cadbury In Deal Worth $19 Bil" by Michael J. de la Merced, Chris V. icholson

WSJ pC5 "Merck Climbs 2.9%; Hershey Turns Sweet" by Donna Kardos Yesalavich says the prospect of a Republican win for a Senate seat in Mass powered stocks to 15 month highs, with Merck, Pfizer and Aetna jumping on hopes for more concessions to be made to health care legislation. Also lifting the Dow, McDonald's rose 1.9% after Credit Suisse boosted its investment rating on the stock to outperform from neutral while cutting its rating on rival Burger King to neutral from outperform. Kraft Foods was among the Dow's few laggards, off 0.6% after it clinched a deal to acquire Cadbury.

Fin Times p24 "Mass. poll speculation gives healthcare a tonic" by Samantha Pearson says speculation over a Republication victory in Mass (which happened) prompted a rally among healthcare and helped Wall St. hit a fresh 15 month high. Tech stocks also rose, in anticipation of positive quarterly results from IBM after the closing bell. IBM's shares rose 1.8% and IBM is considered the sector's bellwether. Last week Intel reported revs and profits sharply above analysts' expectations and gave an optimistic forecast for 1Q citing miproving demand for electronic goods int he recovery. Last Fri, JPMorgan reported higher profits than Wall St had been expecting but the shares fell sharply because of concerns over rising loan losses. JPMorgan was down again .09 %. Shares in Kraft fell 0.6% after it agreed to buy Cadbury and McDoanld's rose 1.9% after Credit Suisse adjusted its ratings ont he sector and raised MCD to outperform from neutral while cutting rival Burger King to neutral from outperform.

McDonald's MCD $63.48 +1.20 1.93% 8,345,890 NYSE: WSJ pC5 "Merck Climbs 2.9%; Heshey Turns Sweet" by Donna Kardos Yesalavich says the prospect of a Republican win for a Senate seat in Mass powered stocks to 15 month highs, with Merck, Pfizer and Aetna jumping on hopes for more concessions to be made to health care legislation. Also lifting the Dow, McDonald's rose 1.9% after Credit Suisse boosted its investment rating on the stock to outperform from neutral while cutting its rating on rival Burger King to neutral from outperform. Kraft Foods was among the Dow's few laggards, off 0.6% after it clinched a deal to acquire Cadbury.

Fin Times p24 "Mass. poll speculation gives healthcare a tonic" by Samantha Pearson says speculation over a Republication victory in Mass (which happened) prompted a rally among healthcare and helped Wall St. hit a fresh 15 month high. Tech stocks also rose, in anticipation of positive quarterly results from IBM after the closing bell. IBM's shares rose 1.8% and IBM is considered the sector's bellwether. Last week Intel reported revs and profits sharply above analysts' expectations and gave an optimistic forecast for 1Q citing miproving demand for electronic goods int he recovery. Last Fri, JPMorgan reported higher profits than Wall St had been expecting but the shares fell sharply because of concerns over rising loan losses. JPMorgan was down again .09 %. Shares in Kraft fell 0.6% after it agreed to buy Cadbury and McDoanld's rose 1.9% after Credit Suisse adjusted its ratings ont he sector and raised MCD to outperform from neutral while cutting rival Burger King to neutral from outperform.

Merck MRK $40.62 +1.15 2.91% 19,852,692 NYSE: WSJ pC1 "Vote Result: Blue Chips Jump 115.78" by Peter A. McKay says the election turmoil in Mass. produced a clear winner: health care stocks as the sector led a broad market rally, pushing the Dow Jones Industrial Average up 1.1% to a new 15 month high, hepled by gains of more than 2% each in Merck and Pfizer. managed care stocks, whichs eemed to have the most to lose from health care change, jumped.

Microsoft MSFT $31.1 +0.24 0.78% 45,856,725 NASDAQ-GS: Fin Times p14 "Microsoft hit by warnings over browser" by Maija Palmer, Richard Waters WSJ pB5 "Firefox Sees Surge In Europe Over Rival" by Nick Wingfield says Germans appear to be heeding the advice of their gov and seeking out alternatives to Microsoft's Internet Explorer Web browser, Mozilla, creators of the Firefox browser which was invented by this Blogger's nephew, Blake Ros, when he was just a teen, says it has seen a surge in downloads of the software in Germany since a gov agency recommended people switch to browsers that compete with Internet Explorer because of a new security flaw in the Microsoft browser. Mozilla says it received about 300,000 incremental downloads above its typical downloading rate over that time period.

NYT pB5 "Microsoft to Purge Data From Bing After 6 Months" by Kevin J. O"Brien says bowing to pressure in Europe, Microsoft said it would comply with regulators and discard all data collected on users of its Bing search engine after 6 months.

Pfizer PFE $20 +0.51 2.62% 77,654,644 NYSE: WSJ pC1 "Vote Result: Blue Chips Jump 115.78" by Peter A. McKay says the election turmoil in Mass. produced a clear winner: health care stocks as the sector led a broad market rally, pushing the Dow Jones Industrial Average up 1.1% to a new 15 month high, hepled by gains of more than 2% each in Merck and Pfizer. managed care stocks, whichs eemed to have the most to lose from health care change, jumped.

WSJ pC5 "Merck Climbs 2.9%; Heshey Turns Sweet" by Donna Kardos Yesalavich says the prospect of a Republican win for a Senate seat in Mass powered stocks to 15 month highs, with Merck, Pfizer and Aetna jumping on hopes for more concessions to be made to health care legislation. Also lifting the Dow, McDonald's rose 1.9% after Credit Suisse boosted its investment rating on the stock to outperform from neutral while cutting its rating on rival Burger King to neutral from outperform. Kraft Foods was among the Dow's few laggards, off 0.6% after it clinched a deal to acquire Cadbury.

Procter & Gamble PG $61.72 +0.90 1.48% 10,516,209 NYSE: WSJ pC5 "Options Report" by Tennille Tracy says Newell Rubbermaid, the Atlanta based firm that makes housewares and office products saw traders pick up 38,000 calls and 6,000 puts after rumors involving a possible bid from Procter & Gamble made the rounds.

3M MMM $85.12 +1.75 2.1% 4,482,463 NYSE: No mentions found.

Travelers TRV $49.43 +0.64 1.31% 3,282,063 NYSE: No mentions found.

United Technologies UTX $72.29 +0.30 0.42% 3,599,158 NYSE: No mentions found.

Verizon VZ $31.23 +0.65 2.13% 22,385,215 NYSE: No mentions found.

WalMart WMT $54.03 +0.35 0.65% 14,368,257 NYSE: No mentions found.
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Here are the current 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 1/13/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $335 [5]
2. Microsoft MSFT 267 [9]
3. WalMart WMT 208 [4]
4. Chevron CVX 195 [2.5]
5. Johnson & Johnson JNJ 179 [3]
6. Procter & Gamble PG 179 [3]
7. GE 177 [10.5]
8. IBM 171 [1.5]
9 JPMorgan Chase 169 [4]
10. AT&T 158 [6]
11. Pfizer PFE 153 [8]
12. Cisco CSCO 140 [6]
13. BAC 140 [8.5]
14. Coke KO 133 [2]
15. Hewlett-Packard HPQ 123 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 90 [3]
19. Merck MRK 82 [2]
20. United Technologies UTX 68 [1]
21. 3M MMM 59 [.5]
22. Disney DIS 58 [1]
23. American Express AXP 50 [1]
24. Home Depot 48 [2]
25. Boeing BA 45 [1]
26. Kraft KFT 44 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1.5]

Here are the latest SEC filings as of 1/13/10 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: 1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

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 8K 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: 1/11/10 8K re: earnings for 4Q '09 are expected to be lower than 3Q '09. Upstream earnings are projected to be in line with third quarter results as the benefit of higher commodity prices is offset by the absence of gains recognized in 3Q from approval of the Gorgon project in Australia. Downstream results are expected to be sharply lower, mainly due to significantly weaker refining margins.

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: 11/2/09 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: 1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

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: 1/12/10 Prelim. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, California.

12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 8K 1/12/10 8K re: release of 4Q earnings report on Thursday, 1/14 A public webcast of Intel’s earnings conference call will follow at 2:30 p.m. PST at www.intc.com.

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: 1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

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: 12/23/09 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: 11/184/09 8KA amending financial stmts re: the earlier announcement of 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: 12/6/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

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: 12/18/10 8K re: incorp by reference of prior filings.

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: 1/8/10 8K re: estimates that '09 adjusted EPS will be approximately 13 to 15 cents lower than '08 adjusted EPS of $2.54 and that revenues in '09 will be higher than '08. Verizon Wireless will begin providing 4G Long-Term Evolution service in 25 to 30 markets covering 100 million points of presence)by the end of '10 &within 24 months following its start of LTE service, Verizon Wireless expects to provide LTE service to 80 to 90% of the US.

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

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

WalMartWMT: 12/8/09 10Q