1/5/10 Tues am Nestle Sells Alcon, May Outbid Kraft

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Post #296 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 Tuesday's 1/5/10 print editions of: The Wall Street Journal, Financial Times, Investors Business Daily, The New York Times, Atlanta Journal Constitution, USA Today and (Ga.) Daily Report yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's closing price and related data.

Dow: The Dow Jones Industrial Average closed Monday at 10,583.96 up 155.91 or 1.5% from Thursday's close of 10,428.05.Year to date the Dkow Jones is up 1.5%. Of the 30 Dow Companies: 27 gained and 3 declined. The biggest gainer dollar-wise was United Technologies UTX $71.63 +2.22 3.2% 6,083,101 NYSE and percentage-wise was Bank of America BAC $15.69 +0.63 4.18% 179,033,253 NYSE. The biggest decliner dollar-wise and percentage-wise was Home Depot HD $28.67 -0.26 0.9% 13,067,594 NYSE.

WsJ pC1 "New Year Brings Rally As Dow Jumps 155.91" by Peter A. McKay says stocks began '10 with the best performance in almost 2 months & commodity prices soared as investors gained renewed faith in the global economic recovery. The Dow Jones Industrial Averages' gain of 1.5% was its biggest gain since Nov. 9 & its highest close in 15 months. Manufacturing data released on Mon. in China, Europe and the US pointed to strengthening economies. However, the prospects for '10 are mixed. While the US economy appears to be gradually recovering, expectations for employment and consumer spending, key to corporate profits, are lackluster.

WSJ pC5 "Intel, BofA Advance; Halt in Rambus TRade" by Donna Kardos Yesalavich says Bank of America, Boeing and United Technologies were among the gainers Mon, as stocks kicked off the new year with a strong start, rising to their highest levels in 15 months as manufacturing data came in above expectations. Among the Dow Jones Industrial Average's best performers Mon, Bank of America climbed 4.2% to $15.69 while United Technologies rose 3.2%. Boeing advanced 3.8% as analysts at Barclays Capital & Jesup & Lamont raised their investment ratings on its stock. Intel also helped lift the Dow as it gained 2.4% as Baird upgraded its investment rating on the stock to outperform from neutral.

Fin Times p22 "Energy & Mining lead rally after rise in commodity prices" by Samantha Pearson says rising commodity prices fulled a burst of optimism across Wall St. yesterday, lifting miners and oil producers sharply higher during the first trading session fo the year. The market extended its early gains after data showed that US manufacturing activity last month had climbed to the highest level in more than 3 years. Barron's forecast taht Chevron's share price could rally as much as 20% over the next 12 months as oil prices which helped the nation's second largest energy producer gain 2.7%. Boeing, the world's second largest manufacturer of commercial aircraft, helped to lift the industrials sector 1.7% higher as Barclasys Capital raised the stock to overweight saying that the firm was in a good position to benefit from recovery after resolving disputes with its suppliers and completing a successful 787 test flight. Jesup & Lamont also upgraded Boeing from hold to buy, making Boeing its top pick in commercial aerospace. Intel, the world's largest chipmaker, gained 2.4% after hitting its highest intraday price for almost 3 months.

NYT pB8 "Manufacturing Data Helps Invigorate Wall St." by Jack Healy, David Jolly says Wall St. ushered in '10 on Mon with its biggest stock market rally in nearly 2 months, as signs that manufacturing was strengthening around the world fed hopes that the economy would recover this year.

As of the open of the market Tuesday, the current divisor for the Dow found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.36 up from Monday's 18.09 (year ago it was 18.70) the P/E estimate is 16.40 unchanged from Monday's 16.40 (year ago it was 10.62) and the current dividend yield is 2.52 down from Monday's 2.64 (it was 3.51 a year ago).

Monday's Dow Jones Industrial Average closing numerator was 1400.46 up 20.63 from Thursday's closing Dow numerator of 1379.83. 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 20.63 for Monday by the divisor you get the increase in Monday's Dow close of 155.91.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 46.68 up 0.68 from Thursday's Dow Jones Industrial Average closing price of $46.00. The median closing price of Monday's Dow Jones Industrial Average was 41.89 up 1.29 from Thursday's $40.60. The lowest volume was 3M MMM $83.02 +0.35 0.42% 3,027,906 NYSE and the highest volume again was Bank of Am BAC $15.69 +0.63 4.18% 179,033,253 NYSE.

If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $2,040 ($140,040 - 138,000).

AT&T T $28.58 +0.55 1.96% 29,045,191 NYSE: WSJ pB8 "Apple Nears Tablet Launch" by Yukari Iwatani Kane, Geoffrey A. Fowler says looking to build on the momentum of its iPHone and iPod, Apple Inc. will unveil a new multimedia tablet device alter this month but won't ship until March. the tablet will be a multimedia device that will let people watch movies and tv shows, play games, surf the Internet and read ebooks and newspapers. Though firms like Toshiba and Hewlett-Packard ahve introduced Windows based tablet computers before and Amazon.com and others sell similarly sized digital book readers, Apple intends to carve out a new product category. The table could be priced at $1,000 and such a price could include a subscription to a nationwide Wi-Fi wireless service such as those run by AT&T and Verizon in airports, hotels and restaurants. The device probably wont' be connected to a high speed 3G cellular network, especially after AT&T, which is the US carrier for Apple's iPHone, has had trouble supporting the high data demands of iPhone users.

Alcoa AA $16.65 +0.53 3.29% 25,715,664 NYSE: No mentions found.

American Express AXP $40.92 +0.40 0.99% 6,746,865 NYSE: NYT pA1 "Visa's Strategy in Debit Cards: Push Up Costs" by Andrew martin says when you sign a debit your bank an average of 75 cents for every $100 spent, more than twice as much as when you punch in a 4 digit code. The result is Costco won't let you sign for the debit card and Walmart and Home Depot steer customers to use a PIN, the debit card norm outside the US. In a sidebar at the jump at pB4 it says debit cards are expected to supplant cash as the primary payment method by 2012 and shows American Express having a declining share of cardholder spending at merchants at around 1%5 but declining steadily since '07 while Visa debit is steadily gaining as Visa is positioned to be the prime beneficiary of this spending shift.

Bank of America BAC $15.69 +0.63 4.18% 179,033,253 NYSE: WSJ pC5 "Intel, BofA Advance; Halt in Rambus TRade" by Donna Kardos Yesalavich says Bank of America, Boeing and United Technologies were among the gainers Mon, as stocks kicked off the newyear with a strong start, rising to their highest levels in 15 months as manufacturing data came in above expectations. Among the Dow Jones Industrial Average's best performers Mon, Bank of America climbed 4.2% to $15.69 while United Technologies rose 3.2%. Boeing advanced 3.8% as analysts at Barclays Capital & Jesup & Lamont raised their investment ratings on its stock. Intel also helped lift the Dow as it gained 2.4% as Baird upgraded its investment rating on the stock to outperform from neutral.

Boeing BA $56.18 +2.05 3.79% 6,070,568 NYSE: WSJ pC5 "Intel, BofA Advance; Halt in Rambus TRade" by Donna Kardos Yesalavich says Bank of America, Boeing and United Technologies were among the gainers Mon, as stocks kicked off the new eyar with a strong start, rising to their highest levels in 15 months as manufacturing data came in above expectations. Among the Dow Jones Industrial Average's best performers Mon, Bank of America climbed 4.2% to $15.69 while United Technologies rose 3.2%. Boeing advanced 3.8% as analysts at Barclays Capital & Jesup & Lamont raised their investment ratings on its stock. Intel also helped lift the Dow as it gained 2.4% as Baird upgraded its investment rating on the stock to outperform from neutral.

Fin Times p22 Eenergy & Mining lead rally after rise in commodity prices" by Samantha Pearson says rising commodity prices fulled a burst of optimism across Wall St. yesterday, lifting miners and oil producers sharply higher during the first trading session for the year. The market extended its early gains after data showed that US manufacturing activity last month had climbed to the highest level in more than 3 years. Barron's forecast that Chevron's share price could rally as much as 20% over the next 12 months as oil prices which helped the nation's second largest energy producer gain 2.7%. Boeing, the world's second largest manufacturer of commercial aircraft, helped to lift the industrials sector 1.7% higher as Barclays Capital raised the stock to overweight saying that the firm was in a good position to benefit from recovery after resolving disputes with its suppliers and completing a successful 787 test flight. Jesup & Lamont also upgraded Boeing from hold to buy, making Boeing its top pick in commercial aerospace. Intel, the world's largest chipmaker, gained 2.4% after hitting its highest intraday price for almost 3 months.

Caterpillar CAT $58.55 +1.56 2.74% 7,304,565 NYSE: No mentions found.

Chevron CVX $79.06 +2.07 2.69% 10,067,288 NYSE: WSJ pA1 "Cramped on Land, Big Oil Bets at Sea" by Benn Casselman, Guy Chazan says Chevron Corp is payi9ng $500,000 a day to be the owner of the Clear Leader in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly 5 miles of rock. The Clear Leader is one of the world's newest and most powerful drilling rigs. The well off the coast of Louisiana will connect to a huge platform nearby which cost Chevron $650 mil to build. The first phase of this oil exploration project took more than 10 years and cost $2.7 bil with no guarantee of a pay off. chevron came here because so many of the ig, easily tapped oil fields close to shore have become off limited having been kicked out of much of the Mid East, had assets seized in Venezuela and seen much of the US roped off because of environmental regulations. Access in Iran is limited by sanctions and in Russia by curbs on foreign investment and in Iraq by violence. So, chevron, Exxon and other major oil firms are moving ever farther from shore in search of oil and it is paying off as they discover large quantities of oil.

Fin Times p22 Energy & Mining lead rally after rise in commodity prices" by Samantha Pearson says rising commodity prices fulled a burst of optimism across Wall St. yesterday, lifting miners and oil producers sharply higher during the first trading session fo the year. The market extended its early gains after data showed that US manufacturing activity last month had climbed to the highest level in more than 3 years. Barron's forecast that Chevron's share price could rally as much as 20% over the next 12 months as oil prices which helped the nation's second largest energy producer gain 2.7%. Boeing, the world's second largest manufacturer of commercial aircraft, helped to lift the industrials sector 1.7% higher as Barclasys Capital raised the stock to overweight saying that the firm was in a good position to benefit from recovery after resolving disputes with its suppliers and completing a successful 787 test flight. Jesup & Lamont also upgraded Boeing from hold to buy, making Boeing its top pick in commercial aerospace. Intel, the world's largest chipmaker, gained 2.4% after hitting its highest intraday price for almost 3 months.

Cisco CSCO $24.69 +0.75 3.13% 59,792,091 NASDAQ-GS: No mentions found.

Coca-Cola KO $57.04 +0.04 0.07% 6,897,690 NYSE: WSJ pB4 "Dr Pepper Buys Its First Super Bowl Spot" by Suzanne Vranica says in an effort to drum up more interest in its recently launched Dr Pepper Cherry, Dr Pepper Snapple Group has bought advertising time during Super Bowl LVIV. Dr. Pepper will go head to head with Coca-Cola which has bought several ad spots during the game, one of which will feature the Simpsons.

Disney DIS $32.07 -0.18 0.56% 13,661,456 NYSE: No mentions found.

DuPont DD $34.26 +0.59 1.75% 5,588,843 NYSE: No mentions found.

ExxonMobil XOM $69.15 +0.96 1.41% 27,705,220 NYSE: WSJ pA1 "Cramped on Land, Big Oil Bets at Sea" by Benn Casselman, Guy Chazan says Chevron Corp is payi9ng $500,000 a day to be the owner of the Clear Leader in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly 5 miles of rock. The Clear Leader is one of the world's newest and most powerful drilling rigs. The well off the coast of Louisiana will connect to a huge platform nearby which cost Chevron $650 mil to build. The first phase of this oil exploration project took more than 10 years and cost $2.7 bil with no guarantee of a pay off. chevron came here because so many of the ig, easily tapped oil fields close to shore have become off limited having been kicked out of much of the Mid East, had assets seized in Venezuela and seen much of the US roped off because of environmental regulations. Access in Iran is limited by sanctions and in Russia by curbs on foreign investment and in Iraq by violence. So, chevron, Exxon and other major oil firms are moving ever farther from shore in search of oil and it is paying off as they discover large quantities of oil.

GE $15.45 +0.32 2.12% 66,714,822 NYSE: No mentions found.

Hewlett-Packard HPQ $52.45 +0.94 1.82% 12,638,050 NYSE: WSJ pB8 "Apple Nears Tablet Launch" by Yukari Iwatani Kane, Geoffrey A. Fowler says looking to build on the momentum of its iPHone and iPod, Apple Inc. will unveil a new multimedia tablet device alter this month but won't ship until March. the tablet will be a multimedia device that will let people watch movies and tv shows, play games, surf the Internet and read ebooks and newspapers. Though firms like Toshiba and Hewlett-Packard ahve introduced Windows based tablet computers before and Amazon.com and others sell similarly sized digital book readers, Apple intends to carve out a new product catergory. The table could be priced at $1,000 and such a price could include a subscription to a nationwide Wi-Fi wireless service such as those run by AT&T and Veriorts, hotels and restaurants. The device probably wont' be connected to a high speed 3G cellular network, especially after AT&T, which is the US carrier for Apple's iPHone, has had trouble supporting the high data demands of iPhone users.

Home Depot HD $28.67 -0.26 0.9% 13,067,594 NYSE: NYT pA1 "Visa's Strategy in Debit cArds: Push Up Costs" by Andrew martin says when you sign a debit card receipt at a large retailer, instead of punching in a pin, the store pays yoru bank an average of 75 cents for every $100 spent, more than twice as much as when you punch in a 4 digit code. The result is Costco won't let you sign for the debit card and Walmart and Home Depot steer customers to use a PIN, the debit card norm outside the US. In a sidebar at the jump at pB4 it says debit cards are expected to supplant cash as the primary payment method by 2012 and shows American Express having a declining share of cardholder spending at merchants at around 1%5 but declining steadily since '07 while Visa debit is steadily gaining as Visa is positioned to be the prime beneficiary of this spending shift.

AJC pA "Some may be in dark about bulb change" by Rachel Tobin Ramos says a fed law passed in '07 will outlaw the incandescent bulb, requiring more energy efficient bulbs starting in '12. The article interviews Home Depot's lighting buyer about the change who says Home Depot sells hundreds of millions of bulbs per year, most made in China.

Intel INTC $20.88 +0.48 2.35% 47,542,485 NASDAQ-GS: WSJ pC5 "Intel, BofA Advance; Halt in Rambus TRade" by Donna Kardos yesalavich says Bank of America, Boeing and United Technologies were among the gainers Mon, as stocks kicked off the new eyar with a strong start, rising to their highest levels in 15 months as manufacturing data came in above expectations. Among the Dow Jones Industrial Average's best performers Mon, Bank of America climbed 4.2% to $15.69 while United Technologies rose 3.2%. Boeing advanced 3.8% as analysts at Barclays Capital & Jesup & Lamont raised their investment ratings on its stock. Intel also helped lift the Dow as it gained 2.4% as Baird upgraded its investment rating on the stock to outperform from neutral.

Fin Times p22 Energy & Mining lead rally after rise in commodity prices" by Samantha Pearson says rising commodity prices fulled a burst of optimism across Wall St. yesterday, lifting miners and oil producers sharply higher during the first trading session fo the year. The market extended its early gains after data showed that US manufacturing activity last month had climbed to the highest level in more than 3 years. Barron's forecast that Chevron's share price could rally as much as 20% over the next 12 months as oil prices which helped the nation's second largest energy producer gain 2.7%. Boeing, the world's second largest manufacturer of commercial aircraft, helped to lift the industrials sector 1.7% higher as Barclasys Capital raised the stock to overweight saying that the firm was in a good position to benefit from recovery after resolving disputes with its suppliers and completing a successful 787 test flight. Jesup & Lamont also upgraded Boeing from hold to buy, making Boeing its top pick in commercial aerospace. Intel, the world's largest chipmaker, gained 2.4% after hitting its highest intraday price for almost 3 months.

IBM $132.45 +1.55 1.18% 6,116,199 NYSE: NYT pB1 "google Moves To Keep Its Lead As the Web Shifts" by Miguel Helft says Google's expected unveiling on Tues of a rival to the iPhone is part of its careful plan to try to do what few other tech firms have done before: retain its leadership as computing shifts from one generation to the next. In recent decades, the power of industry giants like IBM and Microsoft, which once seemed unassailable, waned as computing shifted from big mainframes to PCs, and from PCs to the Internet. Many analysts say it is now Google that is faces with a less certain future in the face of anoher shift.

J.P. Morgan Chase JPM $42.85 +1.18 2.83% 34,944,523 NYSE: No mentions found.

Johnson & Johnson JNJ $64.68 +0.27 0.42% 9,436,562 NYSE: No mentions found.

Kraft KFT $27.43 +0.25 0.92% 7,915,725 NYSE: Fin Times p13 "Novartis in bid to take full control of Alcon" by Haig Simonian & WSJ pB1 "Novartis Sets Big Eye-Care Deal" by Anita Greil, Dana Cimilluca say Novartis AG will pay Nestle SA $28.1 bil as part of its bid to acquire Alcon Inc., a US eye care firm, culminating in the biggest takeover in Swiss corporate history. The deal began in '08 with Novartis buying a 25% stake in Alcon from Nestle with an option to buy the rest. The deal will ultimately cost the Basel, Switzerland drug maker $49.7 bil. Once Novartis buys Nestle's 52% stake, Nestle will use the proceeds from the deal to launch a new share buyback program but it will also heighten speculation that Nestle will launch a bid for Cadbury to rival a hostile offer from Kraft. Nestle has been mum on the subject, except to say its annual acquisition budget is just 2 to 3 bil Swiss francs.

McDonald's MCD $62.78 +0.34 0.54% 5,762,128 NYSE: No mentions found.

Merck MRK $37.01 +0.47 1.29% 13,840,963 NYSE: No mentions found.

Microsoft MSFT $30.95 +0.47 1.54% 38,379,734 NASDAQ-GS: NYT pB1 "google Moves To Keep Its Lead As the Web Shifts" by Miguel Helft says Google's expected unveiling on Tues of a rival to the iPhone is part of its careful plan to try to do what few other tech firms have done before: retain its leadership as computing shifts from one generation to the next. In recent decades, the power of industry giants like IBM and Microsoft, which once seemed unassailable, waned as computing shifted from big mainframes to PCs, and from PCs to the Internet. Many analysts say it is now Google that is faces with a less certain future in the face of anoher shift.

Pfizer PFE $18.93 +0.74 4.07% 51,915,824 NYSE: No mentions found.

Procter & Gamble PG $61.12 +0.49 0.81% 8,987,414 NYSE: No mentions found.

3M MMM $83.02 +0.35 0.42% 3,027,906 NYSE: No mentions found.

Travelers TRV $49.81 -0.05 0.1% 3,646,678 NYSE: No mentions found.

United Technologies UTX $71.63 +2.22 3.2% 6,083,101 NYSE: No mentions found.

Verizon VZ $33.28 +0.15 0.45% 15,123,955 NYSE: WSJ pB8 "Apple Nears Tablet Launch" by Yukari Iwatani Kane, Geoffrey A. Fowler says looking to build on the momentum of its iPHone and iPod, Apple Inc. will unveil a new multimedia tablet device alter this month but won't ship until March. the tablet will be a multimedia device that will let people watch movies and tv shows, play games, surf the Internet and read ebooks and newspapers. Though firms like Toshiba and Hewlett-Packard ahve introduced Windows based tablet computers before and Amazon.com and others sell similarly sized digital book readers, Apple intends to carve out a new product catergory. The table could be priced at $1,000 and such a price could include a subscription to a nationwide Wi-Fi wireless service such as those run by AT&T and Verzon in airports, hotels and restaurants. The device probably wont' be connected to a high speed 3G cellular network, especially after AT&T, which is the US carrier for Apple's iPHone, has had trouble supporting the high data demands of iPhone users.

Walmart WMT $54.23 +0.78 1.46% 20,699,431 NYSE: NYT pA1 "Visa's Strategy in Debit cArds: Push Up Costs" by Andrew martin says when you sign a debit card receipt at a large retailer, instead of punching in a pin, the store pays yoru bank an average of 75 cents for every $100 spent, more than twice as much as when you punch in a 4 digit code. The result is Costco won't let you sign for the debit card and Walmart and Home Depot steer customers to use a PIN, the debit card norm outside the US. In a sidebar at the jump at pB4 it says debit cards are expected to supplant cash as the primary payment method by 2012 and shows American Express having a declining share of cardholder spending at merchants at around 1%5 but declining steadily since '07 while Visa debit is steadily gaining as Visa is positioned to be the prime beneficiary of this spending shift.
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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