1/2/10 Sat. AT&T Cuts Woods; Best Dow Stock: AmEx; Worst: ExxonMMobil

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Post #292 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 Saturday's 1/2/10 print editions of: 1/2-3/10 issue of The Wall St. Journal, 1/2-3/10 issue of Financial Times, The New York Times, Atlanta Journal Constitution, Jan. '10 issue of U 1/4/10 issue of New Yorker (Barron's will be digested in Sun's Blog) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's closing price and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 10428.05 down 120.46 or 1.14% from Wednesday's close of 10,548.1. For the week, the Dow is down 92.05 from last Thursday's close of 10,520.1. Of the 30 Dow Companies: only JPMorgan Chase gained and 29 declined. The biggest and only gainer dollar-wise and percentage-wise was JPM $41.67 +0.14 0.34% 19,927,935 NYSE. The biggest decliner dollar-wise was IBM $130.9 -1.67 1.26% 4,181,980 NYSE and percentage-wise was Hewlett-Packard HPQ $51.51 -1.42 2.68% 13,784,816 NYSE.

WSJ pB3 "AmEx Took Lead In Dow's Charge" by Donna kardos yesalavich says stocks fell broadly in the final trading session of '09, a strong year for stocks. Hewlett-Packard and Caterpillar were among the decliners as better-than-expected jobs data stoked interest-rate fears, though JPMorgan Chase rose as the Treasury ended the bank-recapitalization portion of its Troubled Asset Program. JPMorgan was the Dow's lone gainer as 10 small banks that received a combined $29.26 mil in capital this week became the last to receive capital under the TARP recapitalization effort. For the year, American Express was the Dow's best performing component, with a 118% rise. Exxon Mobil was the worst performer, falling 15%. Thur, Pfizer fell 1.7% as the US FDA again delayed the conclusion of its review of a new version of the children's vaccine Prevnar. In Aug, the review deadline was extended to Dec. 30 after the FDA requested more data.

Fin Times p14 "Sentiment hit by prospect of interest rate increases" by Samantha Pearson says Wall St. ended the decade in the red after encouraging jobs data on Thurs. renewed concerns over interest rate rises. The number of Americans filing fresh claims for unemployment benefits last week dropped tot he lowest level in about 17 months. US equities put in a strong performance last year. The benchmark rose 23.5 per cent, the biggest yearly gain since '03. However, the US market has trailed global equities. The FTSE world index climbed 30.5% over the yer, boosted by emerging markets such as Brazil, which rose 80%. US stocks are down 24% over the past 10 years, Wall St.'s worst decade since the 1930's. American Express, the largest US credit card issuer, was dragged down when the financial crisis hit in '07. However, the firm was the Dow's best performer in '09 and its shares have more than doubled in value. Energy firms fell ssharply in '09 and Exxon Mobil was the worst performing member of the Dow, losing 14.6%. The tech sector was the best performer, gaining 59.9%.

(From Fri's) NYT pB1 "A late Slide For the Year Of the Rally" by Javier C. Hernandez says after one of the most volatile decades in Wall St. history, Thurs. brought a glimmer of hope, as optimism over the strength of economic recovery helped keep markets near their highest levels in 14 months. When the final bell of '09 sounded, shares were down substantially for the day, falling sharply in the final minutes. But that did little to damp enthusiasm over what has been a stunning comeback year for the stock market. The Dow Jones industrial average climbed 18.8% in '09, the S&P's 500 stock index rose 23.5%, and the tech dominated Nasdaq was up 43.9%, the largest gains since '03. Still, stocks remain sharply below their pre-recession records; the Dow is about 26% lower than its Oct. '07 highs.

As of the close of the market Thursday, the current divisor for the Dow found at page B4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.09 down from Thursday's 18.30 (year ago it was 18.33) the P/E estimate is 16400 up from Wednesday's 16.00 (year ago it was 10.62) and the current dividend yield is 2.64 up from Thurs.'s 2.61 (it was 3.58 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1379.83 down 15.89 from Wednesday's closing Dow numerator of 1395.72. 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 15.89 for Thursday by the divisor you get the decrease in Thursday's Dow close of 120.46.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 46.00 down 0.52 from Wednesday's Dow Jones Industrial Average closing price of $46.52. The median closing price of Thursday's Dow Jones Industrial Average was 40.60 down 0.57 from Wednesday's $41.17. The lowest volume was 3M MMM $82.67 -1.23 1.47% 2,030,297 NYSE and the highest volume again was Bank of Am BAC $15.06 -0.01 0.07% 93,252,274 NYSE.

If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,560 ($139,560 - 138,000).

AT&T T $28.03 -0.29 1.02% 16,027,281 NYSE: WSJ pB5 "AT&T Severs Ties With Woods" by Suzanne Vranica says AT&T is severing its ties with Tiger Woods, joining a growing list of markets distancing themselves from the golfer amid the public furor surrounding allegations of his infidelities. AT&T's relationship with Woods began more than 5 years ago when it started sponsoring Tiger Jam, an annual star -studded concert that is the biggest fundraiser for the Tiger Woods Foundation. That contract gave T the right to have Woods conduct golf clinics for its customers.

Alcoa AA $16.12 -0.18 1.1% 16,376,473 NYSE: No mentions found.

American Express AXP $40.52 -0.28 0.69% 3,966,458 NYSE: WSJ pB3 "AmEx Took Lead In Dow's Charge" by Donna kardos yesalavich says stocks fell broadly in the final trading session of '09, a strong year for stocks. Hewlett-Packard and Caterpillar were among the decliners as better-than-expected jobs data stoked interest-rate fears, though JPMorgan Chase rose as the Treasury ended the bank-recapitalization portion of its Troubled Asset Program. JPMorgan was the Dow's lone gainer as 10 small banks that received a combined $29.26 mil in capital this week became the last to receive capital under the TARP recapitalization effort. For the year, American Express was the Dow's best performing component, with a 118% rise. Exxon Mobil was the worst performer, falling 15%. Thur, Pfizer fell 1.7% as the US FDA again delayed the conclusion of its review of a new version of the children's vaccine Prevnar. In Aug, the review deadline was extended to Dec. 30 after the FDA requested more data.

Fin Times p14 "Sentiment hit by prospect of interest rate increases" by Samantha Pearson says Wall St. ended the decade in the red after encouraging jobs data on Thurs. renewed concerns over interest rate rises. The number of Americans filing fresh claims for unemployment benefits last week dropped tot he lowest level in about 17 months. US equities put in a strong performance last year. The benchmark rose 23.5 per cent, the biggest yearly gain since '03. However, the US market has trailed global equities. The FTSE world index climbed 30.5% over the yer, boosted by emerging markets such as Brazil, which rose 80%. US stocks are down 24% over the past 10 years, Wall St.'s worst decade since the 1930's. American Express, the largest US credit card issuer, was dragged down when the financial crisis hit in '07. However, the firm was the Dow's best performer in '09 and its shares have more than doubled in value. Energy firms fell sharply in '09 and Exxon Mobil was the worst performing member of the Dow, losing 14.6%. The tech sector was the best performer, gaining 59.9%.

Bank of America BAC $15.06 -0.01 0.07% 93,252,274 NYSE: US Banker p10 says Band of America is among the banks that are devising ways to move entrepreneurs hiding out in retail platforms into more profitable relationships by using social networking to reach out to underbanked small businesses. It sponsors a Web site called "Small Business Online Community" which it launched in Oct. '07 as a free forum where small biz owners can network and find services from a base of established users, regardless of whether they are bank customers.

Boeing BA $54.13 -0.83 1.51% 2,168,245 NYSE: No mentions found.

Caterpillar CAT $56.99 -1.06 1.83% 3,837,532 NYSE: WSJ pB3 "AmEx Took Lead In Dow's Charge" by Donna kardos yesalavich says stocks fell broadly in the final trading session of '09, a strong year for stocks. Hewlett-Packard and Caterpillar were among the decliners as better-than-expected jobs data stoked interest-rate fears, though JPMorgan Chase rose as the Treasury ended the bank-recapitalization portion of its Troubled Asset Program. JPMorgan was the Dow's lone gainer as 10 small banks that received a combined $29.26 mil in capital this week became the last to receive capital under the TARP recapitalization effort. For the year, American Express was the Dow's best performing component, with a 118% rise. Exxon Mobil was the worst performer, falling 15%. Thur, Pfizer fell 1.7% as the US FDA again delayed the conclusion of its review of a new version of the children's vaccine Prevnar. In Aug, the review deadline was extended to Dec. 30 after the FDA requested more data.

Chevron CVX $76.99 -0.66 0.85% 4,209,024 NYSE: No mentions found.

Cisco CSCO $23.94 -0.24 0.99% 23,814,837 NASDAQ-GS: No mentions found.

Coca-Cola KO $57 0.68 -1.18% 5,394,423 NYSE: No mentions found.

Disney DIS $32.25 -0.03 0.09% 19,597,428 NYSE: No mentions found.

DuPont DD $33.67 -0.38 1.12% 4,254,874 NYSE: No mentions found.

ExxonMobil XOM $68.19 -0.58 0.84% 18,735,593 NYSE: WSJ pB1 "Crude Awakening: Gas Producers Shift Focus" by Carolyn Cui, Laim Pleven says Exxon Mobil's $31 bil purchase of XTO energy is seen as a big endorsement of the future value of natural gas. But many gas producers aren't so optimistic. After years of volatile gas prices, and last year's dismal performance, dozens of small gas firms are expanding into crude oil, taking the opposite tack of Exxon, which last month agreed to buy XGTO. The contrasting moves highlight the conundrum facing natural gas producersa nd investors; Gas appears likely to become a favored fuel over the long run, because it is seen as a cleaner and more environmentally friendly fuel, but its near term prospects are limited bya glut of suppply and weak demand.

WSJ pB3 "AmEx Took Lead In Dow's Charge" by Donna kardos yesalavich says stocks fell broadly in the final trading session of '09, a strong year for stocks. Hewlett-Packard and Caterpillar were among the decliners as better-than-expected jobs data stoked interest-rate fears, though JPMorgan Chase rose as the Treasury ended the bank-recapitalization portion of its Troubled Asset Program. JPMorgan was the Dow's lone gainer as 10 small banks that received a combined $29.26 mil in capital this week became the last to receive capital under the TARP recapitalization effort. For the year, American Express was the Dow's best performing component, with a 118% rise. Exxon Mobil was the worst performer, falling 15%. Thur, Pfizer fell 1.7% as the US FDA again delayed the conclusion of its review of a new version of the children's vaccine Prevnar. In Aug, the review deadline was extended to Dec. 30 after the FDA requested more data.

Fin Times p14 "Sentiment hit by prospect of interest rate increases" by Samantha Pearson says Wall St. ended the decade in the red after encouraging jobs data on Thurs. renewed concerns over interest rate rises. The number of Americans filing fresh claims for unemployment benefits last week dropped tot he lowest level in about 17 months. US equities put in a strong performance last year. The benchmark rose 23.5 per cent, the biggest yearly gain since '03. However, the US market has trailed global equities. The FTSE world index climbed 30.5% over the yer, boosted by emerging markets such as Brazil, which rose 80%. US stocks are down 24% over the past 10 years, Wall St.'s worst decade since the 1930's. American Express, the largest US credit card issuer, was dragged down when the financial crisis hit in '07. However, the firm was the Dow's best performer in '09 and its shares have more than doubled in value. Energy firms fell sharply in '09 and Exxon Mobil was the worst performing member of the Dow, losing 14.6%. The tech sector was the best performer, gaining 59.9%.

GE $15.13 -0.22 1.43% 44,264,229 NYSE: No mentions found.

Hewlett-Packard HPQ $51.51 -1.42 2.68% 13,784,816 NYSE: WSJ pB3 "AmEx Took Lead In Dow's Charge" by Donna kardos yesalavich says stocks fell broadly in the final trading session of '09, a strong year for stocks. Hewlett-Packard and Caterpillar were among the decliners as better-than-expected jobs data stoked interest-rate fears, though JPMorgan Chase rose as the Treasury ended the bank-recapitalization portion of its Troubled Asset Program. JPMorgan was the Dow's lone gainer as 10 small banks that received a combined $29.26 mil in capital this week became the last to receive capital under the TARP recapitalization effort. For the year, American Express was the Dow's best performing component, with a 118% rise. Exxon Mobil was the worst performer, falling 15%. Thur, Pfizer fell 1.7% as the US FDA again delayed the conclusion of its review of a new version of the children's vaccine Prevnar. In Aug, the review deadline was extended to Dec. 30 after the FDA requested more data.

Home Depot HD $28.93 -0.20 0.69% 7,397,950 NYSE: No mentions found.

Intel INTC $20.4 -0.19 0.92% 24,877,847 NASDAQ-GS: No mentions found.

IBM $130.9 -1.67 1.26% 4,181,980 NYSE: No mentions found.

J.P.Morgan Chase JPM $41.67 +0.14 0.34% 19,927,935 NYSE: US Banker p11 in a review of the year says JPMorgan Chsae reached an agreement to fully purchase UK joint venture partner Cazenove Group in a $1.68 bil deal. JPMorgan and the brokerage firm had combined UK investment services in '04. At p12 it says Jamie Dimon, as an iconic bio describes him, was the "last man Standing>" JPMorgan Chase bargain buy outs of a busted Bear Stearns asnd a failed Washington Mutual made the global bank and its CEO the undisputed white knight victors emerging from the '08 financial crisis.

US Banker p19 "The Most Powerful Regulator You Don't Kow" by Steven Sloan profiles the New York Fed's Bill Dudley who oversees the nation's largest banks and is responsible for the Fed's myriad liquidity programs. JPMorgan's CEO Jamie Dudley is quoted saying Dudley played a crucial, but overlooked, role in taming the financial crisis.

Johnson & Johnson JNJ $64.41 -0.50 0.77% 6,900,157 NYSE: No mentions found.

Kraft KFT $27.18 -0.31 1.13% 5,191,146 NYSE: No mentions found.

Merck MRK $36.54 -0.52 1.4%7,065,058 NYSE: No mentions found.

McDonald's MCD $62.44 -0.45 0.72% 4,465,505 NYS: No mentions found.

Microsoft MSFT $30.48 -0.48 1.55% 29,988,546 NASDAQ-GS: Time p47 Google Builds a Better Browser" says 40 million active users now use Google's Chrome browser and the magzine says it is the faster browser according to independent tests and Chrmoe is now ranked third behind Microsoft's Internet Explorer and Firefox (which, as a proud Uncle I can't help mentioning, was was developed by my nephew, Blake Ross, when he was still a teenager).

Pfizer PFE $18.19 -0.31 1.68% 25,553,774 NYSE:

Procter & Gamble PG $60.63 -0.74 1.21% 5,728,499 NYSE: No mentions found.

3M MMM $82.67 -1.23 1.47% 2,030,297 NYSE: No mentions found.

Travelers TRV $49.86 -0.40 0.8% 2,278,373 NYSE: No mentions found.

United Technologies UTX $69.41 -1.08 1.53% 2,623,338 NYSE: No mentions found.

Verizon VZ $33.13 -0.29 0.87% 7,462,957 NYSE: No mentions found.

WalMart WMT $53.45 -0.85 1.57% 9,726,227 NYSE: New Yorker p36 "Food Figher" by Nick Paumgarten profiles Whole Foods co-founder and CEO, John Mackey and says that depending on where you are on the spectrum of epicurean cultural politics, you may consider Whole Foods to be a righteous grocer or a cynical con, a prod to self-improvement or a gateway to decadence, a neighborhood boon or a blight, a force for social good or a place to pick up chicks. Th the likes of Wal-Mart and Costco, it has been an impetus to carry healthier, more judiciously sourced food.
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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 Watso
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 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: 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