4/7/10 Wed am AT&T & VZ Winners in FCC's Blow to Net Neutrality

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Post No. 369. The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 4/1/10 and an update of the Dow 30 component's most recent SEC filings as of 4/1/10.

A read of Wednesday's Wall St. Journal, Financial Times, USA Today, New York Times & Atlanta Journal & Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Tuesday at 10,969.99 down 3.56 or 0.03% from Monday's close of 10,973.55. For the year the Dow is up 7.39%. Of the 30 Dow Companies: 15 gained, AT&T was unchanged and 14 declined. The biggest gainer dollar-wise was J.P. Morgan Chase JPM $45.84 +0.50 1.1% 27,706,922 NYSE and percentage-wise was Alcoa AA $15.03 +0.30 2.04% 41,939,245 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $52.59 -0.74 1.39% 6,583,267 NYSE.

WSJ pC1 "Dow Sniffs 11000 Level: Bonds Climb" by Peter Mckay, Kristina Peterson says a stock rally spurred by encouraging words from the Fed Reserve failed to push the Dow Jones Industrial Aveage over 11000, while bonds rose, pushing the yield on 10 year Treasurys further below 4%. The Dow's decline was led by a 1.4% pullback in Travelers after Sandler O'Neill downgraded it to Hold from buy. Verizon Comm. also declined 0.8% after its ceo said he sees no reason to merge with Vodafone Group.

WSJ pC5 "Travelers Takes a Hit; Massey, Verizon Skid" by Donna Yesalavich says blue chip stocks fell slightly Teus with Travelers leading the declines after it received an analyst downgrade. It is charted under the "Bad news" S&P 500 ended up to fresh 18 month highs, led by Regions and Bank of America as investors were encouraged by the minutes from a Fed. Res. meeting. Verizon Comm was down 0.8%. The Dow's fin'l firms kept its declines in check as Bank of America climbed 2% and JPMorgan Chase rose 1.1%.

Fin Times p22 "Massey Energy suffers after US coal mine disaster" by Masa Serdarevic says the coal miner explosion in W. Va. that killed 25 was the worst in the US since '84.

NYT pB8 "Optimism on Low Interest Rates Offsets Worry Over Greece" by javier C. Hernandez says Wall St. traders were cautious on Tues amdi worries that the Europena Union's plan to help Greece might unwind. But signs that the Fed. Res. would keep interest rates low helped give stocks some support.

USA Today p4B "S&P 500, Dow Jones rise to 2010 highs" by AP says the stock market ended slightly higher Tues after minutes from the Fed. Res's last meeting signaled that policymakers are more update about the economy.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 17.10 down from Tuesday morning's 17.11 (year ago it was 26.55) the P/E estimate is 14.00 unchanged from Tuesday's 14.00 (year ago it was 21.06) and the current dividend yield is 2.49 unchanged from Tuesday's 2.49 (it was 3.96 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1,451.54 down 0.47 from Monday's closing numerator of 1,452.01. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 0.47 for Tuesday by the divisor you get the decrease in Tuesday's Dow close of 3.56. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $48.38 down 0.02 from Monday's Dow Jones Industrial Average closing price of $48.40. The median closing price of Tuesday's Dow Jones Industrial Average was 44.48 up 0.48 from Monday's median closing price of $44.00. The lowest volume was 3M MMM $MMM $84.35 +0.16 0.19% 3,208,175 NYSE and the highest volume again was Bank of America BAC $18.49 +0.36 1.99% 158,749,092 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $60 ($145,200 - $145,140).

Market Watch 4/6/10 5:05 pm by Kate Gibson says U.S. stocks finished Tuesday's session with modest gains, helped by assurances from the Federal Reserve that easy money conditions would continue. Fed officials also noted signs of a strengthening economy along with ongoing troubled spots, namely the weak labor market. Yet equities resumed treading water in the final half hour of trade, and the Dow Jones Industrial Average (INDU 10,971, -3.03, -0.03%) ended down 3.56 points at 10,969.99.
Shares of aluminum giant Alcoa (AA 15.04, +0.01, +0.07%) , up 2%, led gainers among blue-chips, while Travelers (TRV 52.59, -0.74, -1.39%) led decliners, losing 1.4% after an analyst downgraded the insurer's stock. The S&P 500 index (SPX 1,189, +1.99, +0.17%) rose 2.0 points, or 0.2%, to 1,189.44. The financials sector led the gains on the broad index, rising 1%. For much of the past year, commodities moved in the opposite direction of the U.S. dollar. But on Tuesday, oil, gold and the dollar all rose. Crude futures gained 22 cents to end at $86.84 a barrel, while gold futures advanced more than $2 to $1,136 an ounce. The dollar index tock/11j!i:dxy0 (DXY 81.37, +0.28, +0.34%) , which contrasts the greenback against six currency rivals, was up 0.4% at 81.39, while Treasurys advanced after the government's sale of $40 billion in 3-year notes. The technology-heavy Nasdaq Composite (COMP 2,437, +7.28, +0.30%) rose 7.28 points, or 0.3%, to 2,436.81. Dampening enthusiasm in the technology sector, CA Inc. (CA 23.85, +0.45, +1.92%) shares fell 1.9% after the maker of business software said it would cut about 1,000 jobs and forecast 2010 results would be at the low end of its forecast. Shares of Massey Energy Co. (MEE 48.35, -0.10, -0.21%) fell 11% after a blast on Monday left at least 25 miners dead at one of the company's sites in West Virginia. Advancers edged ahead of decliners on the New York Stock Exchange, where more than 940 million shares exchanged hands. Composite volume stood at 4.2 billion shares.

AT&T T $26.31 unch unch 21,344,388 NYSE: WSJ pB1 "Court Backs Comcast over FCC" by Amy Schatz say a US appeals court ruled Tues. that the FCC overstepped when it cited Comcast for slowing Internet traffic on its network, dealing a blow to big Web commerce firms and other proponents of "net neutrality." A 3 judge panel unanimously said the FCC exceeded its authority when it sanctioned Comcast in '08 for preventing some subscribers from using peer to peer file sharing services gto download large files. At sake is how far the FCC can go to dictate the way Internet providers like AT&T and Verizon manage traffic on their networks. For the past decade, the FCC has taken a hands off approach. Now there will be lobbying battles of Web content providers like Google and Amazon.com versus Internet providers. Related story at WSJ pC16 and editorial at WSJ pA14 "FCC Loses Again."

WSJ pB2 "AT&T Fights Pension Suit" by Ellen Schultz says AT&T is seeking to dismiss a pension case alleging age discrimination that seeks $2.4 bil that alleges a '98 pension change froze the pensions of 40,000 older workers illegally. AT&T was one of several firms such as IBM that changed how they calculated pension benefits.

NYT pB1 "From At&T, at Home Cellular "Towers" by Matt Richtel says AT&T is criticized for its spotty iPhone service which is partly due to a shortage of cellphone towers but now it has a solution: put a miniature cell tower in your living room but this device, the size of a couple of decks of cards wuould cost the consuemr. Verizon have already marketed their minitowers for niche use to customers in places with limited cellphone signals like basements or homes with thick walls. Related story at USa Today p1B "AT&T to spend $1bi on upgrades.".

WSJ pB4 "Verizon CEO Sees No Case for Merger" by Roger Cheng says Verizon Comm.'s CEO Ivan Seidenberg says he sees little compelling reason to merge with its jv partner Vodafone Group PLC. AT&T which exclusively sells the iPhone in the US, has run into trouble over the past year in NY and San Fran but Seidenberg didn't say whether he would get the deal with Apple when its deal with AT&T expires in the second half of the year saying it was "Apple's call."

Alcoa AA $15.03 +0.30 2.04% 41,939,245 NYSE: No mentions found.

American Express AXP $43.12 +0.45 1.05% 7,595,079 NYSE: No mentions found.

Bank of America BAC $18.49 +0.36 1.99% 158,749,092 NYSE: WSJ pC16 "Bracing for Toxic Shock in Bank Stocks" says banks soon will be reporting frist quarter earnings which will be aided by the revival in bond and stock markets. But due to the lack of market price data on illiquid assets investors should watch to see if the total amount of such assets are falling. There is a chart of such Level 3 assets that says JPMorgan has the most at $130.4 bil followed by Bank of America with $103.6 then Citi, Goldman and Morgan Stanley.

WSJ pC3 "Conflcits Force Big law Firms to Lose Clients" by nathan Koppel explains that when banks such as JPMorgan Chase and Bank of America get in disputes their lawyers who usually represent both sides in their transactional work have to choose sides.

WSJ pC5 "Travelers Takes a Hit; Massey, Verizon Skid" by Donna Yesalavich says blue chip stocks fell slightly Teus with Travelers leading the declines after it received an analyst downgrade. It is charted under the "Bad news" S&P 500 ended up to fresh 18 month highs, led by Regions and Bank of America as investors were encouraged by the minutes from a Fed. Res. meeting. Verizon Comm was down 0.8%. The Dow's fin'l firms kept its declines in check as Bank of America climbed 2% and JPMorgan Chase rose 1.1%.

Boeing BA $72.36 +0.32 0.44% 5,193,624 NYSE: No mentions found.

Caterpillar CAT $65.29 +0.30 0.46% 6,388,428 NYSE: No mentions found.

Chevron CVX $77.88 +0.22 0.28% 6,481,396 NYSE: No mentions found.

Cisco CSCO $26.22 +0.05 0.19% 31,120,912 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.29 -0.57 1.04% 8,801,454 NYSE: AJC pA12 "Teamsters encourage Coke management split" by Jeremiah McWilliams says the Int'l Brotherhood of Teamsters is asking Coca-Cola shareholders to back its proposal to split the roles of chairman and CEO, a proposal that has failed the 2 previous years.

Disney DIS $35.47 +0.25 0.71% 12,636,519 NYSE: No mentions found.

DuPont DD $38.81 +0.39 1.02% 7,049,494 NYSE: WSJ pC1 "Monsanto's Pricing Strategy Withers on Vine" by kelly Evans says its earnings on Wed are likely to be lackluster at $1.73 a share down from 2.16 the prior year. In contrast DuPont's Pioneer unit which produces seed, expects to gain up to 2% market share in corn this year by rpomoting its lower cost seeds.

ExxonMobil XOM $67.9 -0.29 0.43% 19,050,641 NYSE: No mentions found.

GE $18.6 0.07 +0.38% 53,794,293 NYSE: No mentions found.

Hewlett-Packard HPQ $53.86 -0.01 0.02% 9,680,486 NYSE: WSJ pB4 "Firms Jockey for Sapce in Services" by Justin Scheck says Hewlett-Packard, Dell and Xerox are seeking profits in the tech services industries but their clients are spending less on new deals. They are trying to muscle into the market traditionally led by IBM because it provides steady revenue from customers who pay recurring acounts to outsource their tech systems like emails or payrolls.

WSJ pB4 "H-P's Slate Seeks to Create Some Buzz" by Justin Scheck says on the heels of Apple's iPad launch, Hewlett-Packard this week posted a video of its forthcoming Slate device which looks a lot like an iPad but Slate will be available later this year but it won't reveal the price or technical features or sale date. Microsoft CEO Steve Ballmer showed a prototype during a keynote address at the Consumer Electronics Show in Jan.

Home Depot HD $32.55 -0.11 0.34% 9,381,286 NYSE: No mentions found.

Intel INTC $22.4 -0.19 0.84% 46,746,476 NASDAQ-GS: No mentions found.

IBM $128.93 -0.42 0.32% 3,924,929 NYSE: WSJ pB2 "AT&T Fights Pension Suit" by Ellen Schultz says AT&T is seeking to dismiss a pension case alleging age discrimination that seeks $2.4 bil that alleges a '98 pension change froze the pensions of 40,000 older workers illegally. AT&T was one of several firms such as IBM that changed how they calculated pension benefits.

WSJ pB4 "Firms Jockey for Sapce in Services" by Justin Scheck says Hewlett-Packard, Dell and Xerox are seeking profits in the tech services industries but their clients are spending less on new deals. They are trying to muscle into the market traditionally led by IBM because it provides steady revenue from customers who pay recurring acounts to outsource their tech systems like emails or payrolls.

J.P.Morgan Chase JPM $45.84 +0.50 1.1% 27,706,922 NYSE: WSJ pC16 "Bracing for Toxic Shock in Bank Stocks" says banks soon will be reporting frist quarter earnings which will be aided by the revival in bond and stock markets. But due to the lack of market price data on illiquid assets investors should watch to see if the total amount of such assets are falling. There is a chart of such Level 3 assets that says JPMorgan has the most at $130.4 bil followed by Bank of America with $103.6 then Citi, Goldman and Morgan Stanley.

WSJ pA1 "Mr. Dimon Goes To Washington" by Robin Sidel, Damian Paletta says unlike the heads of most other banks, Jamie Dimon, CEO of JPM, isn't keeping a low profiles and is aggressively lobbying against new bank regulations.

WSJ pC3 "Conflcits Force Big law Firms to Lose Clients" by nathan Koppel explains that when banks such as JPMorgan Chase and Bank of America get in disputes their lawyers who usually represent both sides in their transactional work have to choose sides.

WSJ pC5 "Travelers Takes a Hit; Massey, Verizon Skid" by Donna Yesalavich says blue chip stocks fell slightly Teus with Travelers leading the declines after it received an analyst downgrade. It is charted under the "Bad news" S&P 500 ended up to fresh 18 month highs, led by Regions and Bank of America as investors were encouraged by the minutes from a Fed. Res. meeting. Verizon Comm was down 0.8%. The Dow's fin'l firms kept its declines in check as Bank of America climbed 2% and JPMorgan Chase rose 1.1%.

Johnson & Johnson JNJ $65.31 -0.09 0.14% 8,213,635 NYSE: No mentions found.

Kraft KFT $30.08 -0.13 0.43% 10,024,401 NYSE: WSJ pC3 "Kraft's Soccer diplomacy" by Michael Corkery says Kraft said it wold close Cad's Somerdale chocolate factory in S. West England putting hundreds of employees out of work but it has agreed to save the local soccer club.

McDonald's MCD $67.81 -0.22 0.32% 3,317,610 NYSE: No mentions found.

Merck MRK $37.25 -0.14 0.37% 12,201,232 NYSE: No mentions found.

Microsoft MSFT $29.32 +0.05 0.17% 47,144,695 NASDAQ-GS: WSJ pB4 "H-P's Slate Seeks to Create Some Buzz" by Justin Scheck says on the heels of Apple's iPad launch, Hewlett-Packard this week posted a video of its forthcoming Slate device which looks a lot like an iPad but Slate will be available later this year but it won't reveal the price or technical features or sale date. Microsoft CEO Steve Ballmer showed a prototype during a keynote address at the Consumer Electronics Show in Jan.

WSJ pB4 "HTC Profit Gets Lift From Smartphone Sales" by Charmian Kok says HTC's first quarter net profit rose 3.1% amid better than expected sales of smartphones. It is the world's largest maker of smartphones using Microsoft's oeprating system and also makes smartphones using Google's Android operating system.

Pfizer PFE $16.96 +0.06 0.36% 77,389,598 NYSE: No mentions found.

Procter & Gamble PG $63.11 -0.65 1.02% 11,036,915 NYSE: No mentions found.

3M MMM $84.35 +0.16 0.19% 3,208,175 NYSE: No mentions found.

Travelers TRV $52.59 -0.74 1.39% 6,583,267 NYSE: WSJ pC1 "Dow Sniffs 11000 Level: Bonds Climb" by Peter Mckay, Kristina Peterson says a stock rally spurred by encouraging words from the Fed Reserve failed to push the Dow Jones Industrial Aveage over 11000, while bonds rose, pushing the yield on 10 year Treasurys further below 4%. The Dow's decline was led by a 1.4% pullback in Travelers after Sandler O'Neill downgraded it to Hold from buy. Verizon Comm. also declined 0.8% after its ceo said he sees no reason to merge with Vodafone Group.

WSJ pC5 "Travelers Takes a Hit; Massey, Verizon Skid" by Donna Yesalavich says blue chip stocks fell slightly Teus with Travelers leading the declines after it received an analyst downgrade. It is charted under the "Bad news" S&P 500 ended up to fresh 18 month highs, led by Regions and Bank of America as investors were encouraged by the minutes from a Fed. Res. meeting. Verizon Comm was down 0.8%. The Dow's fin'l firms kept its declines in check as Bank of America climbed 2% and JPMorgan Chase rose 1.1%.

United Technologies UTX $74.67 -0.18 0.24% 3,689,492 NYSE: No mentions found.

Verizon VZ $31.2 -0.26 0.83% 20,981,940 Dual Listed: WSJ pB1 "Court Backs Comcast over FCC" by Amy Schatz say a US appeals court ruled Tues. that the FCC overstepped when it cited Comcast for slowing Internet traffic on its network, dealing a blow to big Web commerce firms and other proponents of "net neutrality." A 3 judge panel unanimously said the FCC exceeded its authority when it sanctioned Comcast in '08 for preventing some subscribers from using peer to peer file sharing services gto download large files. At sake is how far the FCC can go to dictate the way Internet providers like AT&T and Verizon manage traffic on their networks. For the past decade, the FCC has taken a hands off approach. Now there will be lobbying battles of Web content providers like Google and Amazon.com versus Internet providers.

Fin Times p22 "Verizon cools Vodafone talk" by Bryce Elder & same story at Fin Times p16 by Paul Taylor & WSJ pB4 "Verizon CEO Sees No Case for Merger" by Roger Cheng says Verizon Comm.'s CEO Ivan Seidenberg says he sees little compelling reason to merge with its jv partner Vodafone Group PLC. AT&T which exclusively sells the iPhone in the US, has run into trouble over the past year in NY and San Fran but Seidenberg didn't say whether he would get the deal with Apple when its deal with AT&T expires in the second half of the year saying it was "Apple's call."

WSJ pC1 "Dow Sniffs 11000 Level: Bonds Climb" by Peter Mckay, Kristina Peterson says a stock rally spurred by encouraging words from the Fed Reserve failed to push the Dow Jones Industrial Aveage over 11000, while bonds rose, pushing the yield on 10 year Treasurys further below 4%. The Dow's decline was led by a 1.4% pullback in Travelers after Sandler O'Neill downgraded it to Hold from buy. Verizon Comm. also declined 0.8% after its ceo said he sees no reason to merge with Vodafone Group.

NYT pB1 "From At&T, at Home Cellular "Towers" by Matt Richtel says AT&T is criticized for its spotty iPhone service which is partly due to a shortage of cellphone towers but now it has a solution: put a miniature cell tower in your living room but this device, the size of a couple of decks of cards wuould cost the consuemr. Verizon have already marketed their minitowers for niche use to customers in places with limited cellphone signals like basements or homes with thick walls

WSJ pC5 "Travelers Takes a Hit; Massey, Verizon Skid" by Donna Yesalavich says blue chip stocks fell slightly Teus with Travelers leading the declines after it received an analyst downgrade. It is charted under the "Bad news" S&P 500 ended up to fresh 18 month highs, led by Regions and Bank of America as investors were encouraged by the minutes from a Fed. Res. meeting. Verizon Comm was down 0.8%. The Dow's fin'l firms kept its declines in check as Bank of America climbed 2% and JPMorgan Chase rose 1.1%.

WalMart WMT $55.53 +0.04 0.07% 9,567,068 NYSE: WSJ pB1 "Spring Returns to Retailers' Steps" by karen Talley says retailers are expected to show strong sales growth for Mar., bolstering hopes that cuonsumers are poised to join the economic recovery. Such stories always mention that WalMart doesn't disclose monthly sales figures.

WSJ pB6 "Walmart Ramps Up Online Efforts Globallly" by Karen Talley says it is stepping up its int'l ecommerce expansion looking for staff & talking to vendors in what could become one fo the world's biggest Internet initiatives.
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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 4/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $317 [5]
2. Microsoft MSFT 257 [9]
3. WalMart WMT 212 [4]
4. GE 200 [10.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 180 [3]
7. BAC 179 [10]
8. JPMorgan Chase 178 [4]
9. IBM 167 [1]
10. AT&T 153 [6]
11. Chevron CVX 152 [2]
12. Cisco CSCO 149 [6]
13. Pfizer PFE 138 [8]
14. Coke KO 127 [2]
15. Hewlett-Packard HPQ 125 [2]
16. Intel INTC 123 [5.5]
17. Merck MRK 116 [3]
18. Verizon VZ 88 [3]
19. McDonald's MCD 72 [1]
20. United Technologies UTX 69 [1]
21. Disney DIS 67 [2]
22. 3M MMM 59 [.5]
23. Home Depot 55 [2]
24. Boeing BA 55 [1]
25. American Express AXP 49 [1]
26. Kraft KFT 45 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 34 [1]
29. Travelers 27 [.5]
30. Alcoa AA 15 [1]

Here are the latest SEC filings as of 4/1/10 market open 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: 3/26/10 8K re: its intent to take a non-cash charge of approximately $1 billion in the first quarter of 2010 to reflect the impact of the health care reform legislation.

Alcoa AA: 3/2/10 Add'l def. proxy materials

American Express AXP: 3/18/10 Add'l def. proxy materials

Bank of Am BAC: 3/17/10 Add'l def. proxy materials

Boeing BA: 3/31/10 8K re: charge off re: income tax charge of approximately $150 million as a result of the Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act.

Caterpiller CAT: 3/24/10 8K re: charge off as a result of the Patient Protection and Affordable Care Act (H.R. 3590) signed into law on March 23, 2010

Chevron CVX: 3/31/10 Add'l def. proxy soliciting material

Cisco CSCO: 2/17/10 10Q Quarterly Report

Coke KO: 3/22/10 8K re: transactions related to CCE transaction.

Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws

DuPont DD: 3/19/10 Def. add'l proxy materials

ExxonMobil XOM: 3/29/10 8K re: its 2009 Financial and Operating Review

GE: 3/25/10 8K re: credit agreement with lenders led by JPMorgan Chase re: the transaction wherein GE and Comcast will form a joint venture which will consist of the NBCU businesses and Comcast’s cable networks.

Hewlett-Packard HPQ: 3/23/10 8K re: amendment of its Stock Incentive Plan

Home Depot HD: 3/25/10 10K Annual Report

Intel INTC: 3/22/10 8K re: John Thornton will not stand for reelection at the Company’s Annual Stockholders’ Meeting to be held on May 19, 2010

IBM: 3/25/10 Add'l def. proxy soliciting materials

JPMorganChase JPM: 3/31/10 Def. add'l proxy materials

Kraft KFT: 3/30/10 Definitive Add'l Proxy material

McDonalds MCD: 3/9/10 8K re: Press release "McDonald’s Global Comparable Sales Increased 4.8% in February"

Merck MRK: 3/11/10 8K re: amendment to the Call Option Agreement among Merck, Merck Sharp & Dohme and sanofi-aventis re: the option granted by Merck to sanofi-aventis to acquire 50% of Merck’s animal health business.

Microsoft MSFT: 1/28/10 10Q.

Pfizer PFE: 3/16/10 Add'l Proxy Materials

Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference

3M MMM: 3/26//10 8K re: one-time charge it expects to take in the first quarter of 2010 as a result of the Patient Protection and Affordable Care Act signed by the President on March 23, 2010.

Travelers TRV: 3/17/10 Add'l Proxy Materials

United Technologies UTX: 3/24/10 Add'l proxy solicitation materials

2/26/10 Def. Proxy Statement

Verizon Communications Inc. VZ: 3/30/10 Proxy Statement

WalMart WMT: 3/30/10 10K Annual Report