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Post #231 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.
The Dow Jones Industrial Average closed Thursday at 10,606.86 up 33.18 or 0.31% from Wednesday's close of 10,573.68. Of the 30 Dow Companies: 17 gained and 13 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $62.2 +2.42 4.05% 13,729,977 NYSE. The biggest decliner dollar-wise was Johnson & Johnson JNJ $63.99 -0.46 0.71% 10,823,464 NYSE and percentage-wise Alcoa was AA $16.61 -0.36 2.12% 38,365,004 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.34 unchanged from Tuesday's 18.34 (year ago it was 18.81) the P/E estimate is 16.40 unchanged from Tuesday's 16.40 (year ago it was 10.62) and the current dividend yield is 2.59 unchanged from Tuesday's 2.59 (it was 3.58 a year ago).
Thursday's Dow Jones Industrial Average closing numerator was 1403.49 up 4.39from Wedneday's closing Dow numerator of 1399.10. 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 4.39 for Thursday by the divisor you get the increase in Thursday's Dow close of 33.18.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 46.78 up 0.14 from Wednesday's Dow Jones Industrial Average closing price of $46.64. The median closing price of Thursday's Dow Jones Industrial Average was 43.39 up 0.53 from Wednesday's $42.86. The lowest volume United Technologies UTX $70.49 +0.30 0.43% 4,254,365 was NYSE and the highest volume again was Bank of Am BAC $16.93 +0.54 3.29% 318,488,406 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 made $420 ($140,340 - $139,920).
Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
At&T T $27.3 -0.31 1.12% 33,545,268 NYSE
Alcoa AA $16.61 -0.36 2.12% 38,365,004 NYSE
American ExpressAXP $41.98 +0.49 1.18% 8,878,905 NYSE
Bank of America BAC $16.93 +0.54 3.29% 318,488,406 NYSE
Boing BA $62.2 +2.42 4.05% 13,729,977 NYSE
Caterpillar CAT $59.67 +0.24 0.4% 5,416,804 NYSE
Chevron CVX $79.33 -0.30 0.38% 9,181,251 NYSE
Cisco CSCO $24.53 +0.11 0.45% 31,456,373 NASDAQ-GS
Coca-Cola KO $56.19 -0.14 0.25% 6,594,499 NYSE
Disney DIS $31.83 +0.01 0.03% 8,166,989 NYSE
DuPont DD $34.39 +0.35 1.03% 5,208,305 NYSE
ExxonMobil XOM $69.8 -0.22 0.31% 27,012,542 NYSE
GE $16.25 +0.80 5.18% 184,386,474 NYSE
Hewlett-Packard HPQ $52.2 +0.02 0.04% 10,198,065 NYSE
Home Depot HD $29.12 +0.34 1.18% 12,018,032 NYSE
Intel INTC $20.6 -0.20 0.96% 53,849,109 NASDAQ-GS
IBM $129.55 -0.45 0.35% 5,818,039 NYSE
J.P.Morgan Chase JPM $44.79 +0.87 1.98% 44,523,705 NYSE
Johnson & Johnson JNJ $63.99 -0.46 0.71% 10,823,464 NYSE
Kraft KFT $28.9 -0.07 0.24% 18,279,920 NYSE
McDonald's MCD $61.9 +0.45 0.73% 7,499,011 NYSE
Merck MRK $37.72 +0.06 0.16% 11,855,210 NYSE
Microsoft MSFT $30.452 -0.318 1.03% 50,367,615 NASDAQ-GS
Pfizer PFE $18.53 -0.07 0.38% 39,310,461 NYSE
Procter & Gamble PG $60.52 -0.33 0.54% 8,616,764 NYSE
3M MMM $83.73 +0.06 0.07% 4,440,569 NYSE
Travelers TRV $48.63 +0.69 1.44% 4,856,941 NYSE
United Technologies UTX $70.49 +0.30 0.43% 4,254,365 NYSE
Verizon VZ $31.73 -0.19 0.6% 23,676,228 NYSE
WalMart WMT $53.6 0.03 0.06% 10,642,076 NYSE
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The following are excerpts from Wed. morning's Blog:
A read of Thursday's 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 Wednesday's closing price and related data.
Dow: The Dow Jones Industrial Average closed Wedneday at 10,573.68 up 1.66 or 0.02% from Tuesday's close of 10,572.02. Of the 30 Dow Companies: 13 gained and 17 declined. Year to date the Dow is up 1.40%. The biggest gainer dollar-wise was Boeing BA $59.78 +1.76 3.03% 8,783,331 NYSE and percentage-wise was Alcoa AA $16.97 +0.84 5.21% 46,543,844 NYSE. The biggest decliner dollar-wise and percentage-wise was Verizon VZ $31.92 -1.42 4.26% 35,079,673 NYSE.
WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its biggest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
WSJ pC1 "Dow Travels Narrow Path To 1.66 Gain" by Peter A. McKay says stocks ended little changed as a gain in commodities boosted raw materials firms, while tech and telecommunications stocks fell. The market was held in check by tepid data on private sector payrolls & activity in the US service sector, which damped confidence ahead of unemployment numbers due out on Fri. Investors took some comfort from the minutes of the Fed. Reserve rate committee's Dec. meeting, which reinforced Wall St.'s expectations that the central bank will keep interest rates low for now.
Fin Times p24 "Airliens decline as S&P 500 struggles to make headway" by Samantha Pearson says US stocks struggled to push higher yesterday after disappointing jobs data left investors concerned about Fri's nonfarm payrolls report.
NYT pB11 "Shares Show Little Change As Oil Continues Its Rise' by AP says stocks ended little changed but modest gains pushed the S&P 500 to a new 15 month high. The cautious tone came as investors awaited the gov's monthly employment report on Fri.
AT&T T $27.61 -0.83 2.92% 37,780,283 NYSE: NYT pB10 by Jenna Wortham & WSJ pB1 "AT&T Adds Android, alm to Its Lineup" by Roger Cheng, Niraj Sheth say AT&T said it will start selling mobile phones that run on tech backed by Google and Palm hedging its bets as its exclusive contract to host Apple's iPhone in the US ticks to an end in June.
WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its iggest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
Aloca AA $16.97 +0.84 5.21% 46,543,844 NYSE: WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its bgest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
American Express AXP $41.49 +0.66 1.62% 8,371,783 NYSE: No mentions found.
Bank of America BAC $16.39 +0.19 1.17% 204,211,462 NYSE: WSJ pC5 says GE Capital Corp. issues a $4 bil multitranche debt issue Tues through lead managers Bank of America Merrill Lynch, Citi, Credit Suisse and Morgan Stanley
Boeing BA $59.78 +1.76 3.03% 8,783,331 NYSE: No mentions found.
Caterpillar CAT $59.43 +0.18 0.3% 4,693,052 NYSE: No mentions found.
Chevron CVX $79.63 +0.01 0.01% 10,986,426 NYSE: No mentions found.
Cisco CSCO $24.42 -0.16 0.65% 35,638,165 NASDAQ-GS: No mentions found.
Coca-Cola KO $56.33 -0.02 0.04% 9,614,221 NYSE: No mentions found.
Disney DIS $31.82 -0.17 0.53% 10,651,297 NYSE: No mentions found.
DuPont DD $34.04 +0.11 0.32% 7,102,013 NYSE: No mentions found.
ExxonMobil XOM $70.02 +0.60 0.86% 34,950,997 NYSE: WSJ pB3 item by Nathan Becker says Exxon Mobil ahs agreed with Qatar Petroleum to develop a petrochemical complext fueled by a giant natural gas field off Qatar's Persian Gulf coast.
WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its bgest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
GE $15.45 -0.08 0.52% 55,118,092 NYSE: WSJ pC5 says GE Capital Corp. issues a $4 bil multitranche debt issue Tues through lead managers Bank of America Merrill Lynch, Citi, Credit Suisse and Morgan Stanley
Hewlett-Packard HPQ $52.18 -0.49 0.93% 11,733,078 NYSE: WSJ pB4 item by Nick Wingfield says Microsoft's CEO Steve Ballmer plans to show a slate style computer during his Consumer Electronics Show keynote speech which was to be delivered last night. It was supposed to be an extension of an HP built key boardless designed device to run on Windows 7. The item is very confusing and is unclear as to what Ballmer actually presented.
Home Depot HD $28.78 -0.10 0.35% 8,765,929 NYSE: No mentions found.
Intel INTC $20.8 -0.07 0.34% 39,866,279 NASDAQ-GS: No mentions found.
IBM $130 -0.85 0.65% 5,596,459 NYSE: No mentions found.
J.P. Morgan Chase JPM $43.92 +0.24 0.55% 27,571,616 NYSE: No mentions found.
Johnson & Johnson JNJ $64.45 +0.52 0.81% 13,016,419 NYSE: NYT pB3 "FDA Plans afety Check Of 3 Drugs For Anemai" by Andrew Pollack says the FDA will review 3 widely used anemia drugs sold by Amgen and Johnson & Johnson after another clinical trial suggested that high doses of one of the drugs might cause strokes. Johnson & Johnson sells Proctrit, which is manufactured by Amgen. The main drug in question is Aranesp.
Kraft KFT $28.97 +0.20 0.7% 40,779,469 NYSE: WSJ pB1 "Cadbury, Hershey Directors Hold Talks" by Jeffrey McCracken,l Dana Cimilluca, Ilan Bart, "Kraft's CEO Put on the Defensive with Cadbury" by Joan S. Lublin, Anjali Cordeiro & Fin Times p17 "Kraft forgoes pizza as it gains taste for Cadbury" by Jonathan Birchall say board members at Cadbury resisting a hostile takeover bid by Kraft have held talks with directors at Hershey to encourage a rival offer. Irene Rosenfeld, ceo of Kraft, made known her intent to buy Cadbury back in Sept but she failed to keep Warrent Buffer, her biggest shareholder, on her side for an open ended hostile pursuit of Cadbury. She saw her efforts take an unexpected turn Tues, when Buffett said he would vote against her plan to issue new stock to pay for an acquisition and urged other shareholders to vote No as well. Berkshire Hathaway owns 9.4% of Kraft.
McDonald's MCD $61.45 -0.85 1.36% 10,089,615 NYSE: No mentions found.
Merck MRK $37.66 +0.50 1.35% 15,150,738 NYSE: No mentions found.
Microsoft MSFT $30.77 -0.19 0.61% 57,801,699 NASDAQ-GS: WSJ pB4 item by Nick Wingfield says Microsoft's CEO Steve Ballmer plans to show a slate style computer during his Consumer Electronics Show keynote speech which was to be delivered last night. It was supposed to be an extension of an HP built key boardless designed device to run on Windows 7. The item is very confusing and is unclear as to what Ballmer actually presented.
Pfizer PFE $18.6 -0.06 0.32% 40,709,314 NYSE: No mentions found.
Procter & Gamble PG $60.85 -0.29 0.47% 9,796,004 NYSE: WSJ pB1 "Olay Highlights P&G's Push to Extend Brands" by Ellen Byron says under new CEO Robert McDonald, Procter & Gamble is stepping up its use of the firm's best known brands, such as Olay skin cream and Tide detergent, to smooth the way for new products. McDonald plans to spur PG's laggign sales by stretching the firm's biggest brands across more product categories and a wide range of prices. PG biz is largely based on premium brands but it plans to introduce 30% mroe products this year than last, hoping to avoid price cutting by tempting recession weary shoppers with new product features.
3M MMM $83.67 +1.17 1.42% 5,261,608 NYSE: No mentions found.
Travelers TRV $47.94 -0.69 1.42% 10,034,948 NYSE: WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its biggest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
United Technologies UTX $70.19 -0.37 0.52% 4,711,982 NYSE: No mentions found.
Verizon VZ $31.92 -1.42 4.26% 35,079,673 NYSE: WSJ pC6 "Alcoa Keeps Dow Up: Travelers Falls 1.4%" by Donna Kardos Yesalavich says stocks edged up Wed. as commodities related gains in materials and energy firms such as Alcoa and Exxon Mobil managed to outweigh declines across telecommunications firms including Verizon communications and AT&T. The Dow Jones Industrial Average was nearly flat. Alcoa was its bgest performer, having jumped 5.2%. The stock was lifted by a rise in metals futures, along with a prediction by Goldman Sachs that the firm's 4Q results set for release next week will be strong. Exxon Mobil rose 0.9% as crude oil futures climbed while the dollar weakened. However, telecom firms At&T & Verizon tumbled. At a conference, Verizon CEO Ivan Seidenberg reminded investors about the troubles facing the economy and the telecom industry. Travelers also weighed on the Dow as FBR Capital cu tits investment rating on the stock to "market perform" from "outperform." Data released Wed. showed a slight expansion in the nonmanufacturing sector last month while fewer than expected private sector jobs were lost.
WalMart WMT $53.57 -0.12 0.22% 12,320,413 NYSE: No mentions found.
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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