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Post #232 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 Friday'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 & Atlanta Business Chronicle 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 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. Year to date the Dow Jones Industrial Average is up 1.71%. 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.
(From Sat.) WSJ pC1 "Dow Climbs 33.18 Points: GE, BofA Rise" by Peter A. McKay says US stocks rose, buoyed by strong retail sales and analyst upgrades of financial shares. The Dow Jones Industrial Average closed up 0.3%. GE rose 5.2% after Morgan Stanley issued a positive outlook on commercial real estate and J.P. Morgan raised their price target for the stock. Bank of America rose 3.3% after Credit Suisse upgraded its investment rating on the stock. Since Monday, which saw a brisk rally to begin 200, the Dow has risen 22.90 points, wavering between gains and losses each day.
(From Sat.) WSJ pC5 "GE Gains; Bad Day For Alcoa" by Donna Kardos Yesalavich says stocks closed higher Thurs, reaching new 15 month highs as analyst noted fueled a rally in GE, Bank of America and across the financial sector, although an analyst downgrade sent Alcoa lower. GE was the Dow's best performer, up 5.2% after Morgan Stanley wrote a positive note on commercial real estate, which has been a key trouble spot for the conglomerate's GE Capital biz. Bank of America climbed 3.3% as Credit Suisse upgraded its investment rating on the stock, calling it the cheapest among large cap banks. Boeing was another strong Dow component Thurs., up 4.1% as the firm reported it delivered 481 commercial aircraft during '09, up 29% from a year earlier and matching the aerospace firm's expectations. However, Boeing's net orders tumbled. Meanwhile, Alcoa fell 2.1% after Citigroup hit the aluminum giant with an investment rating downgrade to hold from buy. Citigroup, which called the stock fairly valued said currency headwinds could prevent Alcoa from meeting the Street's forecasts when it kicks off earnings season next week. In the sidebar under "Good News" Boeing is charted noting it delivered 481 aircraft in '09 and under the Bad News is charted Alcoa noting that Citigroup downgraded it.
(From Sat.) Fin Times p22 "Banks and retailers help S&P 500 stage a late recovery" by Samantha Pearson says a rally in the financial sector helped to pull Wall St. out of the red yesterday. Positive jobs data and encouraging results from retailers had initially boosted the dollar, curtailing gains in equities. The number of Americans filing fresh claims for unemployment benefits last week edged higher to 434,000 but the figures were slightly better than expected. The gov is expected to report today that the unemployment rate held steady last month at 10%.
As of the open of the market Friday, 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 18.40 up from Thursday's 18.34 (year ago it was 18.26) the P/E estimate is 16.40 unchanged from Thursday's 16.40 (year ago it was 10.62) and the current dividend yield is 2.58 down from Thursday's 2.59 (it was 3.60 a year ago).
Friday's Dow Jones Industrial Average closing numerator was 1403.49 up 4.39 from Thursday'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 Friday by the divisor you get the increase in Friday'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).
AT&T T $27.3 -0.31 1.12% 33,545,268 NYSE: WSJ pB1 "Palm Faces Uphill Battle to Grow In Crowded Smart Phone Market" by Yukari Iwatani Kane, Roger Cheng& Fin Times p14 "Motorola chief bets on Android for revival" by Paul Taylor say Palm struck partnerships with the 2 largest US wireless carriers, as it struggles to spark sales of its smart phones and turn itself around. It unveiled new versions of its two flagship phones Thurs. and said it would offer them exclusively through Verizon Wireless later this month. This followed new earlier this week that AT&T would carry 2 Palm devices.
WSJ pB9 "Tables Take CES" by Jeffry Bartash, Jerry diColo says at the Consumer Elec. Show, tablet computers and 3D tvs are vying for the top spot in terms of hype. On Wed, Microsoft CEO Sateve Ballmer showed off several slates, including a prototype from Hewlett-Packard. Also at the show, Dan Gallagher reports that AT&T said it planned to launch new Android phones this year.
Alcoa AA $16.61 -0.36 2.12% 38,365,004 NYSE: WSJ pC5 "GE Gains; Bad Day For Alcoa" by Donna Kardos Yesalavich says stocks closed higher Thurs, reaching new 15 month highs as analyst noted fueled a rally in GE, Bank of America and across the financial sector, although an analyst downgrade sent Alcoa lower. GE was the Dow's best performer, up 5.2% after Morgan Stanley wrote a positive note on commercial real estate, which has been a key trouble spot for the conglomerate's GE Capital biz. Bank of America climbed 3.3% as Credit Suisse upgraded its investment rating on the stock, calling it the cheapest among large cap banks. Boeing was another strong Dow component Thurs., up 4.1% as the firm reported it delivered 481 commercial aircraft during '09, up 29% from a year earlier and matching the aerospace firm's expectations. However, Boeing's net orders tumbled. Meanwhile, Alcoa fell 2.1% after Citigroup hit the aluminum giant with an investment rating downgrade to hold from buy. Citigroup, which called the stock fairly valued said currency headwinds could prevent Alcoa from meeting the Street's forecasts when it kicks off earnings season next week. In the sidebar under "Good News" Boeing is charted noting it delivered 481 aircraft in '09 and under the Bad News is charted Alcoa noting that Citigroup downgraded it.
American Express AXP $41.98 +0.49 1.18% 8,878,905 NYSE: No mentions found.
Bank of America BAC $16.93 +0.54 3.29% 318,488,406 NYSE: WSJ pC1 "For BofA Bonuses, It's Back to 2007" by Dan Fitzpatrick says Bank of America investment bankers are likely to get bonuses that are close to '07 levels as the giant bank tries to stem more defections following its takeover of Merrill Lynch. The expected payouts reflect Merrill's recovery since the firm's net loss of $27.6 bil in '08, forcing a gov bailout.
WSJ pC1 "Dow Climbs 33.18 Points: GE, BofA Rise" by Peter A. McKay says US stocks rose, buoyed by strong retail sales and analyst upgrades of financial shares. The Dow Jones Industrial Average closed up 0.3%. GE rose 5.2% after Morgan Stanley issued a positive outlook on commercial real estate and J.P. Morgan raised their price target for the stock. Bank of America rose 3.3% after Credit Suisse upgraded its investment rating on the stock. Since Monday, which saw a brisk rally to begin 200, the Dow has risen 22.90 points, wavering between gains and losses each day.
WSJ pC5 "GE Gains; Bad Day For Alcoa" by Donna Kardos Yesalavich says stocks closed higher Thurs, reaching new 15 month highs as analyst noted fueled a rally in GE, Bank of America and across the financial sector, although an analyst downgrade sent Alcoa lower. GE was the Dow's best performer, up 5.2% after Morgan Stanley wrote a positive note on commercial real estate, which has been a key trouble spot for the conglomerate's GE Capital biz. Bank of America climbed 3.3% as Credit Suisse upgraded its investment rating on the stock, calling it the cheapest among large cap banks. Boeing was another strong Dow component Thurs., up 4.1% as the firm reported it delivered 481 commercial aircraft during '09, up 29% from a year earlier and matching the aerospace firm's expectations. However, Boeing's net orders tumbled. Meanwhile, Alcoa fell 2.1% after Citigroup hit the aluminum giant with an investment rating downgrade to hold from buy. Citigroup, which called the stock fairly valued said currency headwinds could prevent Alcoa from meeting the Street's forecasts when it kicks off earnings season next week. In the sidebar under "Good News" Boeing is charted noting it delivered 481 aircraft in '09 and under the Bad News is charted Alcoa noting that Citigroup downgraded it.
Boeing BA $62.2 +2.42 4.05% 13,729,977 NYSE: WSJ pB10 "Boeing Deliveries Rise, Orders Fall" by Doug Cameron says Boeing Co.'s deliveries of new commercial aircraft climbed 28% to 481 in '09, leaving the aerospace firm neck and neck with archrival Airbus, though new orders declined. Chicago based Boeing also reaffirmed its full year earnings guidance Thurs, but Airbus regained its lead as the world's largest aircraft maker by deliveries and will report final '09 numbers on Jan. 12 with 485 deliveries. Boeing's earnings have been hurt by charges against the delayed 787 and 747-8 programs, but, like Airbus, it retains a large order book from the boom in deals from '05 to '07. Boeing's commercial aircraft backlog remains strong at 3,37 planes. Similar item at page A14 of AJC.
WSJ pB10 "FAA Slams Jet Makers on Recorders" by Andy Pasztor says Fed aviation regulators lashed out at commercial jet makers for resisting any concerted effort to upgrade onboard flight data and cockpit voice recorders on the latest models of their aircraft coming off assembly lines. using unusually critical language, the FAA said it was seriously disappointed with nearly 2 years of industry foot dragging over implementing the mandatory upgrades. Since the original rules were published, Boeing and Airbus have asked the FAA sto stretch out the deadlines, in some cases by 2 years.
WSJ pC5 "GE Gains; Bad Day For Alcoa" by Donna Kardos Yesalavich says stocks closed higher Thurs, reaching new 15 month highs as analyst noted fueled a rally in GE, Bank of America and across the financial sector, although an analyst downgrade sent Alcoa lower. GE was the Dow's best performer, up 5.2% after Morgan Stanley wrote a positive note on commercial real estate, which has been a key trouble spot for the conglomerate's GE Capital biz. Bank of America climbed 3.3% as Credit Suisse upgraded its investment rating on the stock, calling it the cheapest among large cap banks. Boeing was another strong Dow component Thurs., up 4.1% as the firm reported it delivered 481 commercial aircraft during '09, up 29% from a year earlier and matching the aerospace firm's expectations. However, Boeing's net orders tumbled. Meanwhile, Alcoa fell 2.1% after Citigroup hit the aluminum giant with an investment rating downgrade to hold from buy. Citigroup, which called the stock fairly valued said currency headwinds could prevent Alcoa from meeting the Street's forecasts when it kicks off earnings season next week. In the sidebar under "Good News" Boeing is charted noting it delivered 481 aircraft in '09 and under the Bad News is charted Alcoa noting that Citigroup downgraded it.
Caterpillar CAT $59.67 +0.24 0.4% 5,416,804 NYSE: No mentions found.
Chevron CVX $79.33 -0.30 0.38% 9,181,251 NYSE: No mentions found.
Cisco CSCO $24.53 +0.11 0.45% 31,456,373 NASDAQ-GS: No mentions found.
Coca-Cola KO $56.19 -0.14 0.25% 6,594,499 NYSE: No mentions found.
Disney DIS $31.83 +0.01 0.03% 8,166,989 NYSE: WSJ pB10 "Baidu Follows a Hulu Model" by Aaron Back says Chinese search engine Baidu Inc. is entering a field that is becoming crowded in China's online video market by launching a biz unit that will work on a similar biz model to Hulu, an advertising supported video site in the US that has licensed copyrighted content from several tv broadcasters. Hulu isn't available in China, and is jointly owned by GE's NBC Universal, Disney and News Corp.
WSJ pW19 "What Walt Wrought" by Mark I. Pinsky is an editorial that examines the Disney approach to faith and magic in its films and says Disney still stirs controvers.
DuPont DD $34.39 +0.35 1.03% 5,208,305 NYSE: No mentions found.
ExxonMobil XOM $69.8 -0.22 0.31% 27,012,542 NYSE: No mentions found.
GE $16.25 +0.80 5.18% 184,386,474 NYSE: WSJ pB10 "Baidu Follows a Hulu Model" by Aaron Back says Chinese search engine Baidu Inc. is entering a field that is becoming crowded in China's online video market by launching a biz unit that will work on a similar biz model to Hulu, an advertising supported video site in the US that has licensed copyrighted content from several tv broadcasters. Hulu isn't available in China, and is jointly owned by GE's NBC Universal, Disney and News Corp.
WSJ pC1 "Dow Climbs 33.18 Points: GE, BofA Rise" by Peter A. McKay says US stocks rose, buoyed by strong retail sales and analyst upgrades of financial shares. The Dow Jones Industrial Average closed up 0.3%. GE rose 5.2% after Morgan Stanley issued a positive outlook on commercial real estate and J.P. Morgan raised their price target for the stock. Bank of America rose 3.3% after Credit Suisse upgraded its investment rating on the stock. Since Monday, which saw a brisk rally to begin 200, the Dow has risen 22.90 points, wavering between gains and losses each day.
WSJ pC5 "GE Gains; Bad Day For Alcoa" by Donna Kardos Yesalavich says stocks closed higher Thurs, reaching new 15 month highs as analyst noted fueled a rally in GE, Bank of America and across the financial sector, although an analyst downgrade sent Alcoa lower. GE was the Dow's best performer, up 5.2% after Morgan Stanley wrote a positive note on commercial real estate, which has been a key trouble spot for the conglomerate's GE Capital biz. Bank of America climbed 3.3% as Credit Suisse upgraded its investment rating on the stock, calling it the cheapest among large cap banks. Boeing was another strong Dow component Thurs., up 4.1% as the firm reported it delivered 481 commercial aircraft during '09, up 29% from a year earlier and matching the aerospace firm's expectations. However, Boeing's net orders tumbled. Meanwhile, Alcoa fell 2.1% after Citigroup hit the aluminum giant with an investment rating downgrade to hold from buy. Citigroup, which called the stock fairly valued said currency headwinds could prevent Alcoa from meeting the Street's forecasts when it kicks off earnings season next week. In the sidebar under "Good News" Boeing is charted noting it delivered 481 aircraft in '09 and under the Bad News is charted Alcoa noting that Citigroup downgraded it.
Fin Times p12 has an article about dividend cuts and says the some reduced pay outs, like those by previously uber faithful blue chips such as Dow chemical and GE, or forced dividend cuts by banks receiving aid, have made headlines. But overall dividends were down by only a fifth as many firms sought to avoid the stigma of reducing them. Instead, share buy backs, which reached a record $590 bil in '07 were quietly discontinued, falling by about 80% to their lowest level in a decade.
Hewlett-Packard HPQ $52.2 +0.02 0.04% 10,198,065 NYSE: Fin Times p14 says HP launched its first touchscreen netbook called the HP Mini 5102 that has a capacitive touchscreen option like the iPhone's.
WSJ pB9 "Tables Take CES" by Jeffry Bartash, Jerry diColo says at the Consumer Elec. Show, tablet computers and 3D tvs are vying for the top spot in terms of hype. On Wed, Microsoft CEO Sateve Ballmer showed off several slates, including a prototype from Hewlett-Packard. Also at the show, Dan Gallagher reports that AT&T said it planned to launch new Android phones this year.
Home Depot HD $29.12 +0.34 1.18% 12,018,032 NYSE: No mentions found.
Intel INTC $20.6 -0.20 0.96% 53,849,109 NASDAQ-GS: WSJ pB1 "Google Seeks to Tap Power markets" by Rebecca Smith, Jessica E. Vascellaro says Google has taken the unusual step of applying for approval from the Fed. Energy Regulatory Commission to become an electricity marketer, giving it the authority to buy and sell bulk power at market prices, just like large utilities and energy traders. Other tech frms that aren't conventional energy layers, like Microsoft and Intel, also are studying energy markets for opportunities to make money by helping the nation improve the efficiency of the electricity business.
IBM $129.55 -0.45 0.35% 5,818,039 NYSE: No mentions found.
J.P.Morgan Chase JPM $44.79 +0.87 1.98% 44,523,705 NYSE: WSJ pC1 "Dow Climbs 33.18 Points: GE, BofA Rise" by Peter A. McKay says US stocks rose, buoyed by strong retail sales and analyst upgrades of financial shares. The Dow Jones Industrial Average closed up 0.3%. GE rose 5.2% after Morgan Stanley issued a positive outlook on commercial real estate and J.P. Morgan raised their price target for the stock. Bank of America rose 3.3% after Credit Suisse upgraded its investment rating on the stock. Since Monday, which saw a brisk rally to begin 200, the Dow has risen 22.90 points, wavering between gains and losses each day.
Johnson & Johnson JNJ $63.99 -0.46 0.71% 10,823,464 NYSE: No mentions found.
Kraft KFT $28.9 -0.07 0.24% 18,279,920 NYSE: Fin Times p22 in a London stock market review by Bryce Elder, Neil Hume says Cadbury closed 0.6% higher yesterday having earlier fallen to a discount to Kraft's offer price for the first time.
McDonald's MCD $61.9 +0.45 0.73% 7,499,011 NYSE: No mentions found.
Merck MRK $37.72 +0.06 0.16% 11,855,210 NYSE: No mentions found.
Microsoft MSFT $30.452 -0.318 1.03% 50,367,615 NASDAQ-GS: WSJ pB9 "Tables Take CES" by Jeffry Bartash, Jerry diColo says at the Consumer Elec. Show, tablet computers and 3D tvs are vying for the top spot in terms of hype. On Wed, Microsoft CEO Sateve Ballmer showed off several slates, including a prototype from Hewlett-Packard. Also at the show, Dan Gallagher reports that AT&T said it planned to launch new Android phones this year.
WSJ pB1 "Google Seeks to Tap Power markets" by Rebecca Smith, Jessica E. Vascellaro says Google has taken the unusual step of applying for approval from the Fed. Energy Regulatory Commission to become an electricity marketer, giving it the authority to buy and sell bulk power at market prices, just like large utilities and energy traders. Other tech frms that aren't conventional energy layers, like Microsoft and Intel, also are studying energy markets for opportunities to make money by helping the nation improve the efficiency of the electricity business.
Pfizer PFE $18.53 -0.07 0.38% 39,310,461 NYSE: No mentions found.
Procter & Gamble PG $60.52 -0.33 0.54% 8,616,764 NYSE: NYT pB3 "A Campaign Linking Clean Clothes With Stylish Living" by Stuart Elliott says Procter & Gamble is taking a nontraditional tack to help Tide, the best selling detergent in US, fend off challenges from lower priced rivals as strapped consumers continue to ponder practically ever purchase. An image campaign for Tide, now under way, eschews the brand's long time pitches celebrating its ability to get clothes clean. The most recent such ads, which bean appearing in '0, carried the theme that Tide knows fabrics best. In the new campaign, clean clothes are presented as a means to an end, expressing personal style, rather than the end itself which is a far cry from vintage slogans like "dirt can't hide from intensified Tide" or "If it's got to be clean, it's got to be Tide" and "Tide's in, dirt's out."
3M MMM $83.73 +0.06 0.07% 4,440,569 NYSE: No mentions found.
Travelers TRV $48.63 +0.69 1.44% 4,856,941 NYSE: No mentions found.
United Technologies UTX $70.49 +0.30 0.43% 4,254,365 NYSE: No mentions found.
Verizon VZ $31.73 -0.19 0.6% 23,676,228 NYSE: WSJ pB1 "Palm Faces Uphill Battle to Grow In Crowded Smart Phone Market" by Yukari Iwatani Kane, Roger Cheng says alm struck partnerships with the 2 largest US wireless carriers, as it struggles to spark sales of its smart phones and turn itself around. It unveiled new versions of its two flagship phones Thurs. and said it would offer them exclusively through Verizon Wireless later this month. This followed new earlier this week that AT&T would carry 2 Palm devices.
WalMart WMT $53.6 0.03 0.06% 10,642,076 NYSE: WSJ pB12 "Barnes & Noble Curbs its Forecast" by Jeffrey A. Trachtenberg says Barnes & Noble reported weak holiday sales Thurs and reduced its fiscal 3Q earnings estimate, signaling a challenging year ahead for booksellers. The future may be even rockier if retailers such as WalMart Stores and Amazon.com lure more consumers with slashed prices and if more readers switch from physical printed books to electronic books. Its been a turbulent period for traditional booksellers. Last fall, 3 of the nation's biggest retailers, Walmart, amazon and Target, launched a book pricing war by accepting online preorders for 10 of the season's biggest titles for only $9 each.
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Here are the CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan.
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 1/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $328 [5]
2. Microsoft MSFT 271 [9]
3. WalMart WMT 204 [4]
4. Chevron CVX 188 [2.5]
5. Johnson & Johnson JNJ 178 [3]
6. Procter & Gamble PG 177 [3]
7. IBM 172 [1.5]
8. AT&T 165 [6]
9 JPMorgan Chase 164 [4]
10. GE 161 [10.5]
11. Pfizer PFE 147 [8]
12. Cisco CSCO 138 [6]
13. Coke KO 132 [2]
14. BAC 130 [8.5]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 94 [3]
19. Merck MRK 77 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 58 [.5]
23. Home Depot 49 [2]
24. American Express AXP 48 [1]
25. Kraft KFT 40 [1.5]
26. Boeing BA 39 [1]
27. Caterpillar CAT 35 [.5]
28. DuPont DD 30 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1]
Here are the latest SEC filings as of 1/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
T AT&T: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.
12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).
Alcoa AA: 12/24/09 8K re: a joint venture with Saudi Arabian Mining Company (Ma’aden) for the development of an integrated bauxite mine, alumina refinery, aluminum smelter, and rolling mill in the Kingdom of Saudi Arabia.
American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.
Bank of Am BAC: 12/17/09 re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.
12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.
12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.
12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.
Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.
Caterpiller CAT: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.
Chevron CVX: 12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.
Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.
Coke KO: 10/29/09 10QA
Disney DIS: 12/2/09 10K
DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due 1/15 & $1,000,000,000 4.625% Notes due January 15, 2020
ExxonMobil XOM: 12/14/09 8K re: Merger Agreement to buy XTO Energy.
12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program, of which bonuses were granted to certain officers as follows
GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.
Hewlett-Packard HPQ: 12/17/09 10K
Home Depot HD: 12/3/09 10Q
Intel INTC: 12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.
IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.
JPMorganChase JPM: 12/22/09 8K re: the closing of a public offering of $1,500,000,000 aggregate liquidation amount of an affiliated trust.
12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.
Kraft KFT: 12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.
12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.
McDonalds MCD: 12/18/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.
12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.
12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.
Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.
Microsoft MSFT: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.
Pfizer PFE: 12/14/09 8K re: amendment of bylaws & change in fiscal year.
Procter & Gamble PG: 12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.
12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.
12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.
3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.
Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.
United Technologies UTX: 11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.
Verizon Communications Inc. VZ: 12/23/09 8K re: grant of stock options to executives.
12/7/09 8K re:amendments to bylaws.
WalMartWMT: 12/8/09 10Q