10/28/10 Thurs. pm Dow Closes 11,113.95 down 12.33 or 0.11%

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Post No. 705 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 10/24/10 and an update of the Dow 30 component's SEC filings as of 10/24/10.

The Dow Jones Industrial Average closed Thursday at 11,113.95 down 12.33 or 0.11% from Wednesday's close of 11,126.28. Of the 30 Dow Jones component companies 19 gained, McDonald's was unchanged and 10 declined. The biggest gainer dollar-wise and percentage-wise was Disney DIS $36.51 +0.59 1.64% 14,205,936 NYSE. The biggest decliner dollar-wise and percentage wise was 3M MMM $85.07 -5.30 5.86% 16,203,456 NYSE.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.07 down from Wednesday's 14.11 (year ago it was 16.04) the P/E estimate is 13.25 unchanged from Wednesday's P/E estimate of 13.25 (year ago it was 16.03) and the current dividend yield is 2.54 up from yesterday's yield of 2.53 (it was 2.83 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.

Thursday's Dow Jones Industrial Average closing numerator was 1,468.48 down 1.63 from Wednesday's closing numerator of 1,470.11. 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 for today by the divisor (0.132129493) you get the decrease in today's Dow. 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 Thursday's Dow Jones Industrial Average was $48.95 down up 0.05 from Wednesday's Dow Jones Industrial Average average closing price of $49.00. The median closing price of Thursday's Dow Jones Industrial Average was $41.94 (HPQ/AXP) up 0.40 from Wednesday's median price of $41.54. The lowest volume was United Technologies UTX $74.7 +0.24 0.32% 3,140,980 NYSE and the highest volume was again Bank of America BAC $11.53 -0.01 0.09% 178,381,491 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 lost $152 ($147,000 - $146,848).

MarketWatch 10/28/10 4:25 pm by Steve Russolillo says Blue-chip stocks closed slightly lower Thursday despite a large drop in weekly jobless claims as investors grew more hesitant ahead of the Federal Reserve's meeting next week. The Dow Jones Industrial Average closed down 12.33 points, or 0.11%, to 11113.95, its second straight day of declines. 3M was the blue-chip index's worst performer, sliding 5.85, or 6.5%, to 84.52 after the consumer and industrial manufacturer narrowed its 2010 profit target. Also weighing on the Dow were Caterpillar, which fell 48 cents, or 0.6%, to 77.74 and Cisco Systems, which finished down 10 cents, or 0.4%, to 23.19. Meanwhile, Exxon Mobil gained 55 cents, or 0.8%, to 66.22, after its third-quarter earnings rose a bigger-than-expected 55%. The oil giant benefited from stronger commodities prices and refining margins in the first full quarter that included its June acquisition of natural-gas producer XTO Energy. "There's an old statement that 'all great climbers must rest,'" said Todd Morgan, senior managing director at Bel Air Investment Advisors. "This market needs to digest the terrific rise it's had over the last month and a half. This is healthy. Nothing goes straight up forever." The Dow's losses followed Wednesday's 43-point drop. Stocks have surged over the last few months, but investors are starting to fret over the scope and potential for another round of quantitative easing by the Federal Reserve. The central bank is expected to announce another round of bond buying at its meeting next week.
"It feels like the market's struggling to maintain its momentum," said Bruce McCain, chief investment strategist at Key Private Bank. He added investors appear to be re-evaluating the impact another round of quantitative easing, known as QE2, will have on the overall economy. "[Investors] have been inclined to look at the positive side of QE2, but with businesses unwilling to borrow and other problems in the system that have led to lower lending, the Fed may be largely pushing on a string." The Standard & Poor's 500-stock index edged up 1.29 points, or 0.11%, to 1183.74, as the health-care and consumer-discretionary sectors led the gains. The broad index has posted gains in six of the last seven sessions. The technology-oriented Nasdaq Composite gained 4.11 points, or 0.16%, to 2507.37, and has risen in 14 of the last 16 sessions. Thursday's mixed results among the benchmark indexes occurred despite a better-than-expected reading on the labor market. Initial unemployment claims declined by 21,000, to 434,000, in the week ended Saturday, the Labor Department said. That brings claims down to levels last seen since the week ended July 10. Economists surveyed by Dow Jones Newswires had expected claims would rise by 3,000. Additionally, manufacturing activity in the Federal Reserve Bank of Kansas City's district continued to expand in October but at a slower rate than in September, according to a report released by the bank Thursday. The Kansas City Fed's manufacturing-production index, in a month-over-month comparison, slowed to 10 this month from 14 in September but was up from zero in August. Readings above zero denote expansion. Among companies that reported earnings, Dow Chemical fell 35 cents, or 1.1%, to 30.86, after the chemicals company reported a 25% drop in third-quarter profit because of the impact from divestitures. Eastman Kodak's third-quarter loss narrowed on fewer charges and much higher margins. The camera maker's results topped Wall Street's expectations. Shares surged 61 cents, or 15%, to 4.58. Las Vegas Sands swung to a third-quarter profit. The company posted record revenue resulting from strong growth at its casinos in the China gambling enclave of Macau and the first full quarter of operations at its Singapore casino. Shares jumped 3.57, or 8.7%, to 44.63. Motorola's third-quarter profit soared as the speedy release of new smartphones using Google's Android software propelled the mobile-devices unit to its first operating profit in more than three years. Shares rose four cents, or 0.5%, to 8.13. In the currency markets, the dollar weakened against both the euro and the yen. The euro traded recently at $1.3927, up from $1.3768 late Wednesday in New York. The U.S. Dollar Index, which tracks the currency against a basket of six others, fell 1.1%. Demand for Treasurys rose, pushing the yield on the 10-year note down to 2.67%. Comex gold for November delivery gained 1.5% to settle at $1,342.10 per troy ounce and crude-oil prices edged up 24 cents, or 0.3%, to $82.18 a barrel.

Thursday's Dow Closing Numbers:

AT&T T $28.5 +0.15 0.53% 21,708,552 NYSE
Alcoa AA $12.65 -0.05 0.39% 16,054,386 NYSE
Amex AXP $41.22 +0.54 1.33% 14,732,104 NYSE
Bank of Am BAC $11.53 -0.01 0.09% 178,381,491 NYSE
Boeing BA $71.27 +0.41 0.58% 4,026,024 NYSE
Caterpillar CAT $77.74 -0.48 0.61% 7,055,215 NYSE
Chevron CVX $84.44 +0.13 0.15% 8,498,469 NYSE
CSCO $23.19 -0.10 0.43% 33,549,805 NASDAQ-GS
Coke KO $61.21 +0.02 0.03% 8,266,796 NYSE
Disney DIS $36.51 +0.59 1.64% 14,205,936 NYSE
DuPont DD $47.03 +0.07 0.15% 6,298,872 NYSE
Exxon XOM $66.22 +0.55 0.84% 20,293,653 NYSE
GE $16.08 -0.03 0.19% 44,220,563 NYSE
Hewlett-Packard HPQ $42.66 +0.27 0.64% 15,139,122 NYSE
Home Depot HD $31.19 +0.29 0.94% 7,902,704 NYSE
Intel INTC $20.47 +0.28 1.39% 71,025,600 NASDAQ-GS
IBM $140.9 -0.53 0.37% 5,481,544 NYSE
JPMorgan JPM $37.51 -0.03 0.08% 30,526,390 NYSE
JNJ $63.56 -0.01 0.02% 10,109,548 NYSE
KFT $32.14 +0.14 0.44% 7,089,088 NYSE
MCD $77.48 unch unch 5,332,455 NYSE
MRK $36.94 +0.48 1.32% 9,834,971 NYSE
MSFT $26.28 +0.23 0.88% 78,251,439 NASDAQ-GS
Pfizer PFE $17.57 +0.29 1.68% 33,762,215 NYSE
Procter & Gamble PG $63.19 +0.11 0.17% 9,192,969 NYSE
3M MMM $85.07 -5.30 5.86% 16,203,456 NYSE
Travelers TRV $54.74 +0.01 0.02% 3,610,280 NYSE
United Technologies UTX $74.7 +0.24 0.32% 3,140,980 NYSE
Verizon VZ $32.41 -0.10 0.31% 15,361,993 DualListed
WMT $54.08 +0.21 0.39% 8,178,076 NYSE






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The following are excerpts from Thurs. morning's Blog.

A read of Thursday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal & Constitution & Daily Report (Ga) 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 stock prices and related data.

Dow:The Dow Jones Industrial Average closed Wednesday at 11,126.28 down 43.18 or 0.038% from Tuesday's close of 11,169.46. For the year the Dow is up 6.60%. Of the 30 Dow Jones component companies 9 gained and 21 declined. The biggest gainer dollar-wise was IBM $141.436 NYSE. The biggest decliner dollar-wise was McDonald's $77.48 NYSE.

Fin Times p24 "Consumer stocks slip despite positive quarterly earnings" by Hannah Kuchler says better than expected earnings from consumer goods firms including Procter & Gamble & Whirlpool failed to cheer investors, who focused instead on their cautious outlooks. The S7P 500 lost 0.7% with Boeing declining by 0.6% & Caterpillar down by 0.6%.

NYT pB11 "Shares close mixed as investors await Fed action" by Christine Hauser says stocks closed mixed Wed as markets focused on the prospect of new bond purchases by the Fed Res & earnings reports, which have generally exceeded forecasts for the 3Q.

USA Today p4B "Dow, S&P lose momentum; nasda up" by Bloomberg says stocks were mostly lower Wed, snapping a 5 day gain for the S&P as investors speculated that the Fed's efforts to shore up the economy will be gradual.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.07 down from Wednesday's 14.11 (year ago it was 16.04) the P/E estimate is 13.25 unchanged from Wednesday's P/E estimate of 13.25 (year ago it was 16.03) and the current dividend yield is 2.54 up from yesterday's yield of 2.53 (it was 2.83 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,470.11 down 5.7 0.72 from Tuesday's closing numerator of 1,475.81. 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 for today by the divisor (0.132129493) you get the decrease in today's Dow. 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 Wednesday's Dow Jones Industrial Average was $49.00 down up 0.19 from Tuesday's Dow Jones Industrial Average average closing price of $49.19. The median closing price of Wednesnday's Dow Jones Industrial Average was $41.50 (HPQ/AXP) down 003 from Tuesday's median price of $40.53. The lowest volume was 3M MMM $90.37 3,355,0000 NYSE and the highest volume was again Bank of America BAC $11.54 271,988,000 NYSE.

If Wednesday 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 $71 ($147,581 - $147,000).

Wednesday's Dow Closing Prices:

AT&T T $28.35 NYSE: WSJ pC10 "Carlyle's new normal is middle of the road returns" by Roke Winkler says Carlyle is trying to buy telecom equipment maker CommScope for $3.9 bil as a bet on upgrades by carriers like AT&T and Verizon to handle next generation smartphones and tablets.

Alcoa AA $12.70 NYSE: No mentions found.

Amex AXP $40.68 NYSE: No mentions found.

Bank of AmBAC $11.54 NYSE: No mentions found.

Boeing BA $70.86 NYSE: Fin Times p24 "Consumer stocks slip despite positive quarterly earnings" by Hannah Kuchler says better than expected earnings from consumer goods firms including Procter & Gamble & Whirlpool failed to cheer investors, who focused instead on their cautious outlooks. The S7P 500 lost 0.7% with Boeing declining by 0.6% & Caterpillar down by 0.6%

Caterpillar CAT $78.22 NYSE: Fin Times p24 "Consumer stocks slip despite positive quarterly earnings" by Hannah Kuchler says better than expected earnings from consumer goods firms including Procter & Gamble & Whirlpool failed to cheer investors, who focused instead on their cautious outlooks. The S7P 500 lost 0.7% with Boeing declining by 0.6% & Caterpillar down by 0.6%

Chevron CVX $84.31 NYSE: WSJ pC1 "Exxon needs to show, tell & sell its vision" by Liam Denning says Exxon's stock is down 4.4% this year and it reports today and over the past 8 quarters Exxon has beaten the consensus forecast just 4 times and that was 8% on average. Chevron has beaten forecasts 5 times by an average 17%.

CSCO $23.29 NASDAQ-GS: No mentions found.

Coke KO $61.19 NYSE: No mentions found.

DIS $35.92 +0.50 1.41% 14,630,843 NYSE: No mentions found.

DuPont DD $46.96 NYSE: No mentions found.

Exxon XOM $66.67 NYSE: WSJ pC1 "Exxon needs to show, tell & sell its vision" by Liam Denning says Exxon's stock is down 4.4% this year and it reports today and over the past 8 quarters Exxon has beaten the consensus forecast just 4 times and that was 8% on average. Chevron has beaten forecasts 5 times by an average 17%.

GE $16.11 NYSE: No mentions found.

Hewlett-Pac HPQ $42.39 NYSE: No mentions found.

Home Depot HD $30.90 NYSE: No mentions found.

Intel INTC $20.19 NASDAQ-GS: No mentions found.

IBM $141.43 NYSE: No mentions found.

JPMorgan JPM $37.54 NYSE: No mentions found.

JNJ $63.57 NYSE: No mentions found.

KFT $32.00 NYSE: No mentions found.

MCD $77.48 +0.06 0.08% 3,857,198 NYSE: No mentions found.

MRK $36.46 NYSE: No mentions found.

Microsoft MSFT $6.05 NASDAQ-GS: No mentions found.

Pfizer PFE $17.26 NYSE: WSJ pB1 "Whistleblower's Long Journey" by Peter Loftus says a Glaxo manager's whistleblowing of plant lapses at GlxoSmithKline in '02 got her a $96 mil payout. Pfizer has paid billions of dollars to settle probes.

Procter & Gamble PG $63.08 NYSE: WSJ pB3 "Surgin materials costs pressure P&G" by Anjali Cordeiro, Fin Times p19 "Emerging markets lift P&G fortuness" by Jonathan Birchall say Procter & Gamble's fiscal 1Q earnings fell 6.8% as higher commodity costs dented profit margins & it lost the income from a pharma biz that it sold last year. P&G's earnings for the 1Q ended 9/30 fell to $3.08 bil or $1.02 a share, from $3.31 bil or $1.06 a share a year earlier. Rev rose 1.6% to $20.12 bil.

Fin Times p24 "Consumer stocks slip despite positive quarterly earnings" by Hannah Kuchler says better than expected earnings from consumer goods firms including Procter & Gamble & Whirlpool failed to cheer investors, who focused instead on their cautious outlooks. The S7P 500 lost 0.7% with Boeing declining by 0.6% & Caterpillar down by 0.6%

MMM $90.37 NYSE: No mentions found.

TRV $54.73 NYSE: No mentions found.

United Tech UTX $74.46 NYSE: No mentions found.

Verizon VZ $32.51 Dual Listed: WSJ pC10 "Carlyle's new normal is middle of the road returns" by Roke Winkler says Carlyle is trying to buy telecom equipment maker CommScope for $3.9 bil as a bet on upgrades by carriers like AT&T and Verizon to handle next generation smartphones and tablets.


WMT $53.87 NYSE: No mentions found.


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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 10/24/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $338 [5]
2. Microsoft MSFT 219.5 [9]
3. WalMart WMT 196.5 [3.5]
4. Procter & Gamble PG 180 [3]
5. IBM 176 [1]
6. Johnson & Johnson JNJ 176 [3]
7. GE 171.5 [10.5]
8. Chevron CVX 170 [2]
9. AT&T T 167 [6]
10. JPMorgan Chase JPM 149 [4]
11. Coke KO 142 [2.5]
12. Pfizer PFE 140 [8]
13. Cisco CSCO 134 [6]
14. Bank of America BAC 115 [10]
15. Merck MRK 114 [3]
16. Intel INTC 110.5 [5.5]
17. Hewlett-Packard HPQ 97 [2.5]
18. Verizon VZ 95 [3]
19. McDonald's MCD 83.5 [1]
20. United Technologies UTX 69.5 [1]
21. Disney DIS 67 [2]
22. 3M MMM 64.5 [.5]
23. Kraft KFT 55.5 [2]
24. Home Depot 52.5 [1.5]
25. Boeing BA 52 [1]
26. Caterpillar CAT 49 [.5]
27. American Express AXP 47 [1]
28. DuPont DD 42.5 [1]
29. Travelers 26 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 10/24/10 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: 10/21/10 & 10/10/10 2 8K's re: 3Q earnings of $2.08 per share
10/1/10 8K re: settlement with IRS to pay $300 mil re: '08 tax returns
9/3/10 8K re: increasing Board from 12 to 13 & election of Matthew K. Rose as director
9/2/10 8K re: issuance of 5.35% Notes due '40
8/19/10 8K re: agreement with Comm. Workers of America for a new 3 year contract for the 4,000 CWA workers in AT&T's East region
8/18/10 8K re: exchange offer of 5.35% Notes due '40 for outstanding 8.85% Sr. Notes of New Cingular Wireless due '31

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
8/24/10 8K re: tender offer for its 6% Notes due '12 & 5.3% Notes due '13
8/23/10 10Q/A amends prior 10Q
8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes

American Express AXP: 10/21/10 8K re: 3Q results
10/15/10 8K re: delinquency & write-off statistics
10/4/10 8K re: antitrust lawsuit filed by US Dept. of Justice accusing Amex of forcing merchants not to use competitors' services
9/15/10 8K re: delinquency & write-off stats
9/15/10 8K re: changes to certain credit cards
8/16/10 2 8Ks re: delinquency and write-off statistics

Bank of Am BAC: 10/20/108K re: registration of 50,354,545 shares
10/19/10 8K re: 3Q results
10/8/10 8K re: extension of BofA's review of foreclosures in all 50 states
8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments


Boeing BA: 10/10/10 10Q re: 3Q ended 9/30/10
10/10/10 8K re: 3Q results of $1.12 per share
8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems

Caterpiller CAT: 10/21/10 8K re: Sept. dealer stats
10/21/10 8K re: 3Q results
9/30/10 8K re: change of prices
9/21/10 8K re: credit facility
9/17/10 8K re: dealer stats

Chevron CVX: 10/12/10 *K re: 3Q fin'l update
9/30/10 8K re: bylaws amendments
8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results

Cisco CSCO 9/28/10 Def. Proxy materials
9/22/10 8K re: stock trading plans for directors
9/21/10 10K for year ended 7/31/10
9/16/10 8K re: award of employee stock options
9/10/10 Prelim Proxy Stmt re: Annual Shareholders Meeting on 11/18/10 at Santa Clara, Cal.
8/11/10 8K re: 4Q results fiscal year 7/31/10

Coke KO 10/19/10 8K re: 3Q fin'l results
10/5/10 8K re: completion of buyout of Coca-Cola Enterprises
9/27/10 8K re: settlement in Georgia of one of 3 shareholder class action suits challenging takeover of CCE
8/27 & 8/24 8Ks re: refiling of Hart-Scott-Rodino filing & similar filing with Candadian Corp. Bureau to give regulators more time to review acquisition of Coca-Cola Enterprises
8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of Hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results

Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results

DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.

ExxonMobil XOM: 10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
10/3/10 8K re: 3Q earnings'9/28/10 8K re: NBC Universal offer to sell notes in a private placement
8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders

GE:
8/2/10 10Q 1Q 6/30/10
7/16/10 8K re: 2Q reports

Hewlett-Packard HPQ: 10/18/10 8K re: election of Leo Aptheker as Pres/CEO
9/28/10 8K re: outlook for fiscal year '11
9/20/10 8K re: resolving litigation against ex-CEO mark Hurd
9/13/10 8K re: sale of Global Notes
9/9/10 10Q
9/7/10 8K re; agreement to buy 3Par, Inc.
8/30/10 8K re: Board authorizing add'l $10 bil for share repurchases
8/23/10 8K re: proposal to buy 3Par for $24 per share cash
8/19/10 8K re: reporting 3Q results
8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint

Home Depot HD: 9/10/10 re: sale of 3.95% Sr. Note due '20 & 5.4% Sr. Notes due '40
9/2/10 10Q
8/17/10 8K re: 2Q results 8/1/10

Intel INTC: 10/13/10 & 10/12/10 2 8Ks re: results for 3Q ended 9/25/10
8/30/10 8K re: acquisition of Infineion's Wireless Business for $1.4 bil to close 1Q '11
8/27/10 8K re: lower expectations for 3Q result
8/19/10 8K re; transcript of conference call announcing acquisition of McAfee, Inc.
8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.

IBM:10/19/10 & 10/18/10 2 8Ks re: results for 3Q ended 9/30/10
8/31/10 8K re: FD disclosure re:change in reporting operating income
8/4/10 8K re: issuance of $1.5 bil of debt

JPMorganChase JPM: 10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
10/13/10 8K re: 3Q results of $1.01 per share
9/15/10 8K re: presentation to a US fin'l services investor conference
8/6/10 10Q 2Q 6/30/10

Johnson & Johnson JNJ : 10/19/10 8K re: results for 3Q ended 10/3/10
10/6/10 SC TO-C re: tender offer to buy Crucell N.V.
10/1/10 8K re; completion of acquisition of Micrus Endovascular Corp.
9/16/10 re: retirement of Colleen Goggins, Worldwide Chair of Consumer Group
8/18/10 8K: re: offer of 2.95% Notes due '20 & 4.5% Notes due '40
8/11/10 10Q 2Q 7/4/10
7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.

Kraft KFT: 10/6/10 & 9/20/10 2 8Ks re: buyback of 5.125% Cadbury Notes due '13
9/15/10 8K re: new global growth strategy
8/19/10 10Q/A amended prior 10Q
8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting

McDonalds MCD: 10/21/10 8K re: 3Q earnings rise 12%
9/24/10 8K re: dividend increase of 11% to 0.61 per share
9/10/10 8K re: global sales in Aug. up 4.9%
8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures

Merck MRK:10/14/10 8K re: status of Remicade & Simponi arbitration
9/7/10 8K re: arbitration re: Merck's rights to distribute Remicade & Simponi based on agreements from Merck's acquisition of Schering-Plough
8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.

Microsoft MSFT: 10/22; 10/12; 10/14; 10/1 & 9/30/10 Proxy Statement materials re: Annual Shareholder Meeting to be held on 11/16/10 at 8am at Meydenbauer Center, Bellevue WA
9/27/10 8K re: sale of notes
9/13/10 8K re: resignation of Stephen Elop as Pres. of Microsoft Bus. Div. to become CEO of Nokia
7/30/10 10K year ended 6/30/10
7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.

Pfizer PFE:10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's pruchase of King Pharmaceuticals, Inc.
8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.

Procter & Gamble PG: 10/14/10 8K re: voting results from 10/12/10 Annual Shareholders Meeting
10/12/10 8K re: dividend of 0.4818 cents per share
10/12/10 8K re: CEO's address at Annual Shareholders Meeting
8/27/10 Proxy Stmt re: Annual Shareholder Meeting to be held Tues. 10/12/10 at 9:00 am in Cincinnati, Ohio
8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
7/13/10 8K re: declaration of quarterly dividend.

3M MMM:10/8/10 SC TO-T/A re: tender offer statement re: Cogent offer
8/30/10 8K re: acquisition of Cogent Inc. for $10.50 per share or $943 mil.
8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.

Travelers TRV:10/21/10 8K & 10Q re: 3Q ended 9/30/10
7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders

United Technologies UTX:10/20/10 8K re: 3Q results
9/24/10 8K re: departure of certain officers
8/31/10 8K re: redemption of 6.35% Notes due '11
8/19/10 8K re: departure of EVP Ari Bousbib to become CEO of IMS Health
7/26/10 10Q 1Q 6/30/10
7/21/10 8K re: 2Q results

Verizon Communications Inc. VZ: 10/22/10 8K re: 3Q results
10/18/10 8K re: in'l info re: divestitures relating to 1/09 acquisition of Alltel Corp.
9/20/10 8K re: appointment of Verizon Wireless Pres/CEO Lowell C. McAdams as Pres/COO of Verizon Communications effective 10/1/10
9/13/10 8K re: retirement of John F. Killian as CFO
9/10/10 8K re: reclassification of results due to spin off of assets as a result of Alltel acquisition
7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.

WalMart WMT:10/22/10 8K re: issuance of Notes due 2013
9/29/10 8K re: election of Charles Holley as CFO
9/1/10 10Q
8/17/10 8K re: 2Q results 7/31/10
7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Edwardo Castro-Wright as CEO for global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.