Monday, June 28, 2010

6/28/10 Mon. pm Dow Closes 10,138.52 down 5.29 or0.05%

www.DowJonesMonitor.com

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Post No. 506. The following is brought to you by Intellivest Securities Research, Inc. Toward 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.

The Dow Jones Industrial Average closed Monday at 10,138.52 down $5.29 or 0.05% from Friday's close of 10,143.81. Of the 30 Dow Companies: 13 gained and 17 declined. The biggest gainer dollar-wise was IBM $128.98 +1.86 1.46% 6,156,776 NYSE and percentage-wise were Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE and Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS. The biggest decliner dollar-wise was Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE and percentage-wise was JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE.

As of the open of the market Monday, 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 14.75 down from Friday's 14.76 (year ago it was 12.29) the P/E estimate is 12.60 down from Friday's 12.90 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Friday's 2.73 (it was 3.42 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Monday's Dow Jones Industrial Average closing numerator was 1,341.52 down 0.70 from Friday's closing numerator of 1,342.22. 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 0.70 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 0.29. 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 Monday's Dow Jones Industrial Average was $44.72 down 0.06 from Friday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Monday's Dow Jones Industrial Average was $40.32 up $2.04 from Friday's median price of $41.06. The lowest volume was 3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE and the highest volume again was Bank of America BAC $15.24 -0.18 1.17% 109,437,492 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 lost $70 ($ 134,222 - $134,152).

MarketWatch 6/28/10 Mon. 4:50 pm by Peter McKay, Donna Yesalavich, Kristin Peterson says a late-day slump left major stock indexes slightly lower at Monday's close as traders fretted that the Group of 20's pledge to cut deficits could crimp global growth -- a key focus for investors over the past few weeks. Several business-friendly decisions by the U.S. Supreme Court helped to lift traders' sentiment somewhat, keeping the day's selling in check. But investors' newfound caution ultimately carried the day, as stocks fell into the red and bond prices rallied, pushing the yield on the 10-year Treasury note (UST10Y 3.02, -0.09, -2.80%) to 3.032%, the lowest level since April 2009. The Dow Jones Industrial Average (DJIA 10,139, -5.29, -0.05%) shed more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10,138.52. The Nasdaq Composite Index (COMP 2,221, -2.83, -0.13%) fell 0.1% to 2,221. The S&P 500 Index (SPX 1,075, -2.19, -0.20%) fell 0.2% to 1,075. The telecom sector was a bright spot, up 1% after President Barack Obama signed a memorandum to nearly double the amount of federal and commercial spectrum available for smart phones and wireless Internet devices. Sprint Nextel Corp. (S 4.47, +0.01, +0.22%) jumped 6.2%, while MetroPCS Communications Inc. (PCS 8.41, -0.08, -0.94%) added 0.8% and AT&T Inc. (T 25.00, +0.05, +0.20%) rose 0.7%. Consumer-staples stocks rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American (RAI 53.59, +0.14, +0.26%) jumped 4.1%, Altria Group (MO 20.43, +0.09, +0.45%) rose 3.3% and Lorillard (LO 71.83, -1.71, -2.33%) climbed 2.5%. Also providing a boost, a divided Supreme Court struck down some provisions that created a private regulatory body to inspect and discipline public-company accountants. Still, the relatively narrow ruling leaves intact most of the Sarbanes-Oxley Act, passed in 2002 to combat corporate-accounting scandals. Meanwhile, investors grew concerned that a pledge by G-20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus are over. The move comes as investors have gotten worried that the pace of the economic recovery may be slowing, exacerbated by debt issues in Europe and China's efforts to put the brakes on its growth.
Those concerns helped lift safety assets. The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. dollar index (DXY 85.70, +0.39, +0.45%) , which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasurys climbed, with the 10-year note (UST10Y 3.02, -0.09, -2.80%) up, pushing its yield down to 3.032%, the lowest level in more than a year.
Gold futures also rose. Meanwhile, crude-oil futures slipped. Among stocks in focus, Aflac climbed 2.7%. The insurer said it will post an $80 million gain but will also take a $67 million charge in the current quarter on deals involving so-called perpetual securities and the sale of all its Greek sovereign debt.

Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market


AT&T T $24.95 +0.16 0.65% 21,408,840 NYSE
Alcoa AA $11.03 -0.20 1.78% 18,882,697 NYSE
Amex AXP $42.11 -0.56 1.31% 8,421,843 NYSE
Bank of America BAC $15.24 -0.18 1.17% 109,437,492 NYSE
Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE
Caterpillar CAT $64.4 -0.31 0.48% 6,588,130 NYSE
Chevron CVX $69.96 -0.10 0.14% 10,442,193 NYSE
CSCO $22.42 +0.2375 1.07% 42,968,408 NASDAQ-GS
Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE
Disney DIS $33.22 -0.26 0.78% 7,677,750 NYSE
DuPont DD $36.23 -0.43 1.17% 5,184,014 NYSE
Exxon XOM $58.47 -0.63 1.07% 40,318,942 NYSE
GE $15 0.09 +0.6% 58,497,151 NYSE
Hewlett-Packard HPQ $46.07 +0.15 0.33% 12,863,824 NYSE
Home Depot HD $29.59 -0.61 2.02% 15,306,548 NYSE
Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS
IBM $128.98 +1.86 1.46% 6,156,776 NYSE
JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE
Johnson & Johnson JNJ $59.45 +0.75 1.28% 15,207,369 NYSE
Kraft KFT $28.94 -0.3925 1.34% 12,172,802 NYSE
McDonalds MCD $67.33 -0.09 0.13% 4,366,418 NYSE
Merck MRK $35.94 +0.01 0.03% 13,429,487 NYSE
MSFT $24.31 -0.2225 0.91% 73,213,300 NASDAQ-GS
Pfizer PFE $14.54 -0.10 0.68% 42,181,115 NYSE
Procter & Gamble PG $60.62 +0.83 1.39% 14,016,396 NYSE
3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE
Travelers TRV $51.07 -0.05 0.1% 3,185,863 NYSE
United Tech UTX $67.11 -0.75 1.11% 3,280,362 NYSE
Verizon VZ $28.71 +0.16 0.56% 13,034,340 Dual Listed
WalMart WMT $49.57 +0.77 1.58% 14,576,725 NYSE

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The following are excerpts from Monday morning's blog.

A read of 6/28/10 issue of Barron's, Monday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 Friday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Friday at 10,143.8152.80 down 8.99 or 0.09% from Thursday's close of 10,152.80. For the week the Dow is down 306.83 or 2.94% from last Friday's close of 10,450.64. For the year the Dow is down 2.73%. Of the 30 Dow Companies: 14 gained and 16 declined. The biggest gainer dollar-wise and percentage-wise was American Express AXP $42.67 +1.61 3.92% 16,520,034 NYSE. The biggest decliner dollar-wise was American Express AXP $42.67 +1.61 3.92% 16,520,034 NYSE and percentage-wise was JPMorgan JPM $39.44 +1.41 3.71% 68,014,155 NYSE.

Friday's Dow Jones Industrial Average closing numerator was 1,342.22 down 1.39 from Thursday's closing numerator of 1,343.41. 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 1.39 for Friday by the divisor (0.132319125) you get the decrease in Friday's Dow of 8.99. 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 Friday's Dow Jones Industrial Average was $44.74 down 0.04 from Thursday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Friday's Dow Jones Industrial Average was $41.06 up $2.04 from Thursday's median price of $39.02. The lowest volume was 3M MMM $78.9 -0.72 0.92% 4,184,063 NYSE and the highest volume again was Bank of America BAC $15.42 +0.40 2.66% 169,324,975 NYSE.

If Friday 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 $119 ($134,341 - 134,222).

MarketWatch 6/25/10 Fri. 4:18 pm by Nick Godt says US stocks finished a listless trading session fractionally higher on Friday, as relief over Congressional legislation boosted the financial sector but economic worries still took a heavy toll on the week, which was the first down week in three. The Dow Jones Industrial Average (DJIA 10,144, -8.99, -0.09%) fell 8.99 points, or 0.1%, to 10,143.81 on Friday and it slumped 2.9% this week. The broad S&P 500 index (SPX 1,077, +3.07, +0.29%) rose 3.07 points, or 0.3%, to 1,076.76 on Friday, as the financial sector jumped 2.8%. The Nasdaq Composite (COMP 2,223, +6.06, +0.27%) rose 6.06 points, or 0.3%, to 2,223.48 Friday. For the week, both the S&P 500 and the Nasdaq fell 3.7%

AT&T T $24.79 -0.26 1.04% 44,606,086 NYSE: Barron's p27 "How Apple Could Go Sour" by Mark Veverka mentions that Apple recently surpassed Microsoft to become the largest US tech firm by market cap. Once a firm has a large market cap it becomes harder to sustain its performance. Microsoft and Cisco under performed Nasdaq upon becoming the largest tech firms by amrket cap in '97 and '00 respectively. In '09, Apple accounted for 39% of smartphone market share among its carrier partners, including AT&T in the US.

Alcoa AA $11.23 +0.12 1.08% 25,930,882 NYSE: No mentions found.

American Express AXP $42.67 +1.61 3.92% 16,520,034 NYSE: No mentions found.

Bank of America BAC $15.42 +0.40 2.66% 169,324,975 NYSE: WSJ pA3 "Race is on to Grab Mortgage Tax Break" by Nick Timiraos says there is a Wed deadline to claim a fed tax credit as banks and title firms deal with a crush of closings per a Bank of America spokesman.

Barron's p28 "Merrill Plays Defense Online" by Theresa Carey says Merrill Lynch which was bought by Bank of America in '09, is putting its tamp on the banking giant's online brokerage unit, Merrill Edge which opened its virtual doors on 6/21 and replaces BofA's existing online offering.

Boeing BA $68.77 +1.34 1.99% 9,391,930 NYSE: WSJ pB3 "Boeing Settles Contract", NYT pB2 "Boeing Deal, Granting More Health Coverage, Averts Strike" AP, USA Today p1BBoeing's St. Louis workers OK contract" says beoing workers in St. Louis accepted a contract that covers 2,533 workers, mostly in St. Louis who work on the FA-18 Super Hornet fighter, the EA-18G Growler attack airraft, the F-15 and C-17 cargo plane.

Barron's pM2 charts (edited by Miriam Gottfried) Boeing saying freports emerged a while ago of cracks in a few of the 767 models and now its new 787 Dreamliner encountered manufacturing problems.

Caterpillar CAT $64.71 +1.34 2.11% 9,658,523 NYSE: No mentions found.

Chevron CVX $70.06 -0.77 1.09% 18,323,037 NYSE: No mentions found.

Cisco CSCO $22.182 -0.3875 1.72% 57,427,347 NASDAQ-GS: Barron's p27 "How Apple Could Go Sour" by Mark Veverka mentions that Apple recently surpassed Microsoft to become the largest US tech firm by market cap. Once a firm has a large market cap it becomes harder to sustain its performance. Microsoft and Cisco under performed Nasdaq upon becoming the largest tech firms by amrket cap in '97 and '00 respectively. In '09, Apple accounted for 39% of smartphone market share among its carrier partners, including AT&T in the US.

Coke KO $50.26 -1.54 2.97% 24,080,257 NYSE: Barron's p34 "Interview with David Winters, manager of the Wintergreen Fund" by Lawrence Strauss says Winters during the '08 - '09 meltdown bought Coca Cola and McDonald's.

Disney DIS $33.48 -0.12 0.36% 11,035,101 NYSE: WSJ B5 "Disney's Toy Story 3 Reigns at Box Offce" by AP pulling in $59 mil at 4,028 theatres with a cumulative gross of $226.6 making it number 1 film; its "Prince of Persia" is ranked number 8.

DuPont DD $36.66 +0.14 0.38% 9,146,849 NYSE: No mentions found.

Exxon XOM $59.1 -0.97 1.61% 85,274,034 NYSE: No mentions found.

GE $14.91 -0.17 1.13% 111,193,519 NYSE: WSJ pB3 "Amrstrong names New CEO' says he is matthew J. Espe it used to run GE's lighting business.

Hewlett-Packard HPQ $45.92 +0.03 0.07% 19,416,876 NYSE: No mentions found.

Home Depot HD $30.2 +0.53 1.79% 31,228,703 NYSE: WSJ pB2 "Home Depot Opens Window on Spending" by Mary Lloyd, Neal Boudette says Home Depot execs meet with analysts on Wed and could offer the latest indication on the strength of consumer spending following disappointing reports on economic growth & weak new home sales.

Intel INTC $20.0325 -0.2875 1.41% 74,288,884 NASDAQ-GS: No mentions found.

IBM $127.12 -1.07 0.83% 8,944,137 NYSE: No mentions found.

JPMorgan JPM $39.44 +1.41 3.71% 68,014,155 NYSE: WSJ pC10 "Don't Bank on Lenders Just Yet" by David Reilly says the fin'l overhaul bill could reduce normalized earnings at Goldman Sachs by 23% and by 18% at JPMorgan Chase.

Barron's p12 "Week in Review" says JPMorgan shuffled its top execs, naming CFO Michael Cavanaugh to run a big unit.

Johnson & Johnson JNJ $58.7 -0.90 1.51% 30,107,581 NYSE: Barron's Cover Story p20 "Wonder Drugs" by Andrew Bary says the stocks of some drug makers could rally 30%. The nine major US and European drug firms, Pfizer, Merck, Eli Lilly, Bristol-Myers Sqibb, Novartis, Roche, AstraZeneca, Sanofi Aventis and GlaxoSmithKline now trade for an aveage of just nine times projected '10 profits, far below the S& P's 500 multiple of 18. The article focuses on the purer play drug firms that get most of their sales from pharamceuticals, as opposed to more diversified operators like Johnson & Johnson, the subject of a bullish Barron's cover story on 5/3.

Kraft KFT $29.3325 -0.1375 0.47% 16,435,039 NYSE: No mentions found.

McDonalds MCD $67.42 -0.31 0.46% 7,042,502 NYSE: Barron's p34 "Interview with David Winters, manager of the Wintergreen Fund" by Lawrence Strauss says Winters during the '08 - '09 meltdown bought Coca Cola and McDonald's.

Merck MRK $35.93 +0.32 0.9% 24,601,435 NYSE: Barron's Cover Story p20 "Wonder Drugs" by Andrew Bary says the stocks of some drug makers could rally 30%. The nine major US and European drug firms, Pfizer, Merck, Eli Lilly, Bristol-Myers Sqibb, Novartis, Roche, AstraZeneca, Sanofi Aventis and GlaxoSmithKline now trade for an aveage of just nine times projected '10 profits, far below the S& P's 500 multiple of 18. The article focuses on the purer play drug firms that get most of their sales from pharamceuticals, as opposed to more diversified operators like Johnson & Johnson, the subject of a bullish Barron's cover story on 5/3.

Microsoft MSFT $24.5325 -0.4675 1.87% 100,159,566 NASDAQ-GS: Barron's p27 "How Apple Could Go Sour" by Mark Veverka mentions that Apple recently surpassed Microsoft to become the largest US tech firm by market cap. Once a firm has a large market cap it becomes harder to sustain its performance. Microsoft and Cisco under performed Nasdaq upon becoming the largest tech firms by amrket cap in '97 and '00 respectively. In '09, Apple accounted for 39% of smartphone market share among its carrier partners, including AT&T in the US.

Pfizer PFE $14.64 +0.18 1.24% 54,133,812 NYSE: Barron's Cover Story p20 "Wonder Drugs" by Andrew Bary says the stocks of some drug makers could rally 30%. The nine major US and European drug firms, Pfizer, Merck, Eli Lilly, Bristol-Myers Sqibb, Novartis, Roche, AstraZeneca, Sanofi Aventis and GlaxoSmithKline now trade for an aveage of just nine times projected '10 profits, far below the S& P's 500 multiple of 18. The article focuses on the purer play drug firms that get most of their sales from pharamceuticals, as opposed to more diversified operators like Johnson & Johnson, the subject of a bullish Barron's cover story on 5/3.

Procter & Gamble PG $59.79 1.08 1.77% 29,445,210 NYSE: Barron's p16 "Oprah Brightens Discovery's Picture" by Sandra Ward says her network, OWN, has signed a deal with Prcoter & Gamble which will spend $100 mil in the next 3 years advertising on it.

3M MMM $78.9 -0.72 0.92% 4,184,063 NYSE: Barron's p13 "Week Preview" says on Tues 6/29 3M hosts a consumer and office biz review and plant tour.

Travelers TRV $51.12 +0.58 1.15% 6,587,432 NYSE: No mentions found.

Untited Technologies UTX $67.86 +0.51 0.76% 7,134,368 NYSE: No mentions found.

Verizon VZ $28.55 -0.41 1.42% 18,504,334 Dual Listed: No mentions found.

WalMart WMT$48.8 -1.23 2.46% 34,319,494 NYSE: No mentions found.

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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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.

5/6/10 10-Q

5/4/10 8K: re: results from the annual meeting of the stockholders of AT&T Inc. held on April 30, 2010, in Chattanooga, Tennessee.

Alcoa AA: 5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.

American Express AXP: 6/2/10 8K re: statistics re: worldwide billed business.

5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.

5/5/10 10Q

4/28/10 8-K re: transcript of 4/22/10 American Express live audio conference call/webcast to discuss the Company’s financial results for the three months ended March 31, 2010

Bank of Am BAC: 6/4/10 Free Writing Prospectuses

5/10/10 Rule 424(b) Prospectus

5/7/10 10-Q

Boeing BA: 4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010

Caterpiller CAT: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.

5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.

5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.

5/10/10 Definitive Proxy materials

5/510 8-K re: departure of directors and officers

5/3/10 10Q

Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.

5/19/10 definitive proxy materials

5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.

DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.

4/27/10 10Q

ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders

5/6/10 10Q

GE: 5/7/10 8K to update fin'l info from form 10K

5/7/10 10Q

Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.

5/18/10 8K re: 2Qtr results

Home Depot HD: 6/3/10 10Q

5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.

5/18/10 8K re: results for quarter ended 5/2/10

Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.

5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.

5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.

5/3/10 10Q

IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.

4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10

4/27/10 10Q

JPMorganChase JPM: 6/3/10 Rule 424 Prospectus

5/26/10 8K re: Washington Mutual Litigations.

5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders

5/10/10 10Q

Johnson & Johnson JNJ : 5/10/10 10 Q

Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders

5/7/10 10Q

McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting

5/17/10 additional proxy materials

5/11/10 8K re: press release re: April and year to date '10 sales.

5/6/10 10Q

Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.

5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing

5/7/10 10Q

Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.

Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.

5/13/10 10Q

5/4/10 8K re: 1Qtr results

4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10

Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.

4/30/10 10Q

3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.

5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.

5/5/10 10Q

Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders

4/23/10 10Q

United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.

4/26/10 10Q

Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.

5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.

4/28/10 10Q

WalMart WMT: 6/14/10 10Q.

5/18/10 8K reconciliation of non-GAP measures.