Thursday, October 7, 2010

10/7/10 Thurs am GE to Buy Dresser for $3 Bil

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Post No. 670 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 9/12/10 and an update of the Dow 30 component's SEC filings as of 9/12/10.

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 10,944.72 up 193.45 or 1.8% from Tuesday's close of 10,944.72. For the year the Dow is up 5.17%. Of the 30 Dow Jones component companies, 18 gained, Home Depot was unchanged and 11 declined. The biggest gainer dollar-wise was 3M MMM $89.89 +1.03 1.16% 4,137,312 and percentage-wise was GE $16.9 +0.39 2.36% 73,911,675 NYSE. The biggest decliner dollar-wise and percentage-wise was AT&T T $28.62 -0.74 2.52% 49,003,113 NYSE.

USA Today p4B "Private sector job cus hinder stocks" by Bloomberg says stocks ended mixed Wed after a report showed an unexpecgted decrease in private payrolls.

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 14.80 up from Wednesday's P/E ratio of 14.77 (year ago it was 15.6970) the P/E estimate is 13.01 unchanged from Wednesday's P/E estimate of 13.01 (year ago it was 15.32) and the current dividend yield is 2.57 down from Wednesday's yield of 2.58 (it was 2.87 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.

WSJ pC5 "Dow inches higher, buoyed by GE" by Jonathan Cheng says blue chip stocks clumg to their gains while sending reasury yields to a 20 month low as investors awaied furthe signals on the labor market that could force the Fed Res to launch another round of Treasury buying. GE jumped 39 cents as it said it may not ncrease its $1.2 bil bid for the UK's Wellstream Holdings after it turned down the offer. Verizon and Apple saw their shares jump after reports that the maker of the iPHone would begin mass producing the smart phone for Verizon to sell early next year. AT&T which is now the only carrier of the iPhoe added 4 cents. Acloa which kicks off 3Q earnings afer the close today added 23 cents as materials stocks rose. GE is charted under Good News saying it was buyings energy infrastructure products maker, Dresser Inc. for $3 bil.

Fin Times p26 "Rally falters afer unexpected fall in employment" by Hannah Kuchler says the US stock rally faltered after data showed that the number of people in work fell unexpectedly in Sept.

NYT pB12 "Market finds little reason to r ally after big rise on Tues" by Christine Hauser says stocks were mixed on Wed after a private sector jobs report renewe concerns about he pace of the economic recovery, particularly in the labor market.

Wednesday's Dow Jones Industrial Average closing numerator was 1,449.14 up 3.2 from Tuesday's closing numerator of 1,446.12. 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 for today by the divisor (0.132129493) you get the increase 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 $48.30 up 0.10 from Tuesday's Dow Jones Industrial Average average closing price of $48.205. The median closing price of Wednesday's Dow Jones Industrial Average was $39.38 (HPQ/AXP) down $0.17 from Tuesday's median closing price of $39.55. The lowest volume was Travelers TRV $52.82- 0.05 0.09% 2,484,008 NYSE and the highest volume again was Bank of America BAC $13.39 -0.17 1.25% 150,480,596 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 made $302 ($144,914 - $144,612).

MarketWatch 10/6/10 Wednesday 5:01 pm by Kate Gibson says U.S. stocks mostly fell Wednesday, with only the Dow industrials managing a modest gain, after downgrades hit the technology sector and disappointing jobs Stocks had surged to five-month highs in the prior session. The Dow Jones Industrial Average (DJIA 10,968, +22.93, +0.21%) closed up 22.93 points, or 0.2%, to 10,967.65 after bouncing between small gains and losses for most of the session. Nineteen of the Dow’s 30 components closed higher, led by a 2.4% gain in shares of General Electric Co. (GE 16.92, +0.02, +0.12%) The Nasdaq Composite Index /(COMP 2,381, -19.17, -0.80%) fell 19.17 points, or 0.8%, to 2,380.66. Software stocks and those that service companies’ data-storage needs dropped sharply after Equinix Inc. (EQIX 70.33, -0.01, -0.01%) warned on its revenue outlook, prompting analysts at Oppenheimer, Citigroup and Wells Fargo to cut ratings on the provider of data-center hosting services. Read more on sell-off in data-center stocks.
Equinix shares fell 33%. On the S&P 500, the six worst decliners were tech stocks, led by a 14% drop in Citrix Systems Inc. (CTXS 60.24, +0.09, +0.15%) shares, a 7.9% drop in Salesforce.com (CRM 104.40, -0.55, -0.52%) and a 7.7% tumble in RedHat Inc. shares. The S&P 500 Index (SPX 1,160, -0.78, -0.07%) closed down 0.8 point, or 0.1%, to 1,159.97, with telecommunications and technology the hardest hit among its 10 industry sectors. “The ADP jobs survey came up short of expectations and reinforced the bull run on Treasurys, while undermining confidence on stocks, compounded by a downgrade in the semiconductor sector,” said analysts at Action Economics. The iPhone is finally coming to the Verizon wireless network as Apple gears up to produce a CDMA version of its popular smartphone that will be available in the first quarter of next year.
Ahead of Wall Street’s start, stock futures turned lower after payrolls processor ADP reported private employers trimmed 39,000 jobs in September, the first decline in seven months. The decline, which ran counter to expectations for an increase, was offset in part by ADP’s upward revision to its August count for private-sector payrolls. Treasury prices gained as yields fell to their lowest level after the ADP report. Morgan Stanley downgraded recommendations on Xilinx Inc. (XLNX 25.55, -0.16, -0.63%) and Altera Corp. (ALTR 29.22, -0.08, -0.27%) shares, saying a recent trip to Asia had led to expect decelerating chip orders from this market. Read more in tech stocks. Among Dow stocks, GE announced a $3 billion deal to buy engine manufacturer Dresser Inc. and said it would purchase $1.6 billion in retail credit assets from Citigroup Inc. (C 4.11, +0.01, +0.24%) GE also said Britain’s Wellstream Holdings PLC (UK:WSM 764.00, -16.00, -2.05%) had spurned a $1.2 billion takeout offer. Also supporting the Dow’s rise, Alcoa Inc. /(AA 12.39, +0.02, +0.16%) rose 1.9% ahead of the aluminum maker reporting quarterly results on Thursday in the unofficial start of the earnings season. For every four stocks on the rise roughly five were falling on the New York Stock Exchange, where 981 million shares traded hands. The Japanese yen hit a 15-year high versus the dollar, with the greenback’s weakness a factor (DXY 77.43, -0.32, -0.42%) as crude-oil futures finished above $83 a barrel, and gold ended at a record high, nearing $1,350 an ounce. While feeding bearish sentiment, the ADP report also bolstered the notion that the Federal Reserve might be moved to take additional steps to stoke the embattled U.S. recovery. The Fed, which already has U.S. interest rates near zero, might announce further purchases of government bonds when it concludes a policy-setting meeting early next month. The ADP report comes two days before the Labor Department’s monthly payrolls report. On Thursday, dozens of retailers report September sales figures, with upscale retailers Saks Inc. (SKS 8.63, -0.07, -0.80%) and Nordstrom Inc. (JWN 37.54, -0.23, -0.61%) among those analysts expect to report rises in same-store sales of as much as 5%. Further out, the National Retail Federation expects retail sales in the upcoming holiday shopping season to climb 2.3% this year, with the increase tepid compared to the 10-year average of 2.5%, but far better than last year’s 0.4% increase and the 3.9% decline tallied in 2008.

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


AT&T T $28.62 -0.74 2.52% 49,003,113 NYSE: WSJ pA1 "Apple readies Verizon iPHone" by Yukari Kane says AT&T is about to lose its lock on the iPHone as Apple is making a version of its iPhone that Verizon Wireless will sell early next year which will end an exclusive deal with AT&T and sharpen the commpetition with Google based phones.

WSJ pC5 "Dow inches higher, buoyed by GE" by Jonathan Cheng says blue chip stocks clumg to their gains while sending reasury yields to a 20 month low as investors awaied furthe signals on the labor market that could force the Fed Res to launch another round of Treasury buying. GE jumped 39 cents as it said it may not ncrease its $1.2 bil bid for the UK's Wellstream Holdings after it turned down the offer. Verizon and Apple saw their shares jump after reports that the maker of the iPHone would begin mass producing the smart phone for Verizon to sell early next year. AT&T which is now the only carrier of the iPhoe added 4 cents. Acloa which kicks off 3Q earnings afer the close today added 23 cents as materials stocks rose. GE is charted under Good News saying it was buyings energy infrastructure products maker, Dresser Inc. for $3 bil.

Alcoa AA $12.37 +0.23 1.89% 28,038,654 NYSE: WSJ pC5 "Dow inches higher, buoyed by GE" by Jonathan Cheng says blue chip stocks clumg to their gains while sending reasury yields to a 20 month low as investors awaied furthe signals on the labor market that could force the Fed Res to launch another round of Treasury buying. GE jumped 39 cents as it said it may not ncrease its $1.2 bil bid for the UK's Wellstream Holdings after it turned down the offer. Verizon and Apple saw their shares jump after reports that the maker of the iPHone would begin mass producing the smart phone for Verizon to sell early next year. AT&T which is now the only carrier of the iPhoe added 4 cents. Acloa which kicks off 3Q earnings afer the close today added 23 cents as materials stocks rose. GE is charted under Good News saying it was buyings energy infrastructure products maker, Dresser Inc. for $3 bil.

Amex AXP $38.02 -0.26 0.68% 21,029,629 NYSE: No mentions found.

Bank of Am BAC $13.39 -0.17 1.25% 150,480,596 NYSE: No mentions found.

Boeing BA $68.58 -0.02 0.03% 4,718,353 NYSE: WSJ pB3 "Carriers oppose plane subsidies" by Daniel Michaels, USA Today p1B "irlines protest loan guarantees" say 25 airlines from the US & Europe have joined to oppose billions of dollars in gov loan guarantees to their competitors for airplanes bought from Airbus and Boeing. This lobbying alliance is the first time the carries fromt he home countries of Boeing and Airbus have joined forces to attack export credit financing.

WSJ pB3 "FAA lifts curbs on jets" by Andy Pasztor says a week afer issuing interim rules to protet aircraft fromt he wake turbulence generated by Boeing's new 787 Dreamliner and the larger 747-8, fed regulators reversed course and said the restrictions were premature.

Caterpillar CAT $79.08 -0.32 0.4% 6,252,098 NYSE: No mentions found.

Chevron CVX $83.89 +0.50 0.6% 8,649,974 NYSE: No mentions found.

CSCO $22.3 +0.315 1.43% 52,752,416 NASDAQ-GS: WSJ pB9 "Cisco, Logitech introduce gear for videocalls via TV" by Cari Tuna says Cisco and Logitech in separate moves, continued the computer industry's offensive to conquer the living room and push aside the telephone by unveiling a widely expected video conference system for consumers, allowing videochats through high def TVs that include a camera, set top box remote control that connect HDTVs to the user's broadband Internet connection. Dubbed UMI, the system will cost $599 plus a $25 monthly fee.

Coke KO $59.8 +0.14 0.23% 7,061,611 NYSE: No mentions found.

DIS $33.72 -0.11 0.33% 11,339,817 NYSE: No mentions found.

DuPont DD $45.87 +0.10 0.22% 5,418,704 NYSE: No mentions found.

Exxon XOM $63.94 +0.68 1.07% 21,640,198 NYSE: No mentions found.

GE $16.9 +0.39 2.36% 73,911,675 NYSE: WSJ pB1 "GE goes on binge for deals" by Paul Glader, Fin Times p18 "GE buys engine group Dresser for #3 bi" by Jeremy Lemer, USA Today p1B "GE to buy Dresser in $3 bil deal", say GE said it would complete several deals highlighted by the $3 bil purchase of oil an gas equipment maker Dresser Inc. It will also buy $1.6 bil in sales finance assets from Citigroup.

NYT pB2 "GE's ivnestments draw applause" says GE's shareholders are happy to see it back in shopping mode. Its buying binge is a shift from years on the defensive, selling assets.

WSJ pC5 "Dow inches higher, buoyed by GE" by Jonathan Cheng says blue chip stocks clumg to their gains while sending reasury yields to a 20 month low as investors awaied furthe signals on the labor market that could force the Fed Res to launch another round of Treasury buying. GE jumped 39 cents as it said it may not ncrease its $1.2 bil bid for the UK's Wellstream Holdings after it turned down the offer. Verizon and Apple saw their shares jump after reports that the maker of the iPHone would begin mass producing the smart phone for Verizon to sell early next year. AT&T which is now the only carrier of the iPhoe added 4 cents. Acloa which kicks off 3Q earnings afer the close today added 23 cents as materials stocks rose. GE is charted under Good News saying it was buyings energy infrastructure products maker, Dresser Inc. for $3 bil.

Hewlett Pac HPQ $40.74 -0.07 0.17% 25,877,591 NYSE: No mentions found.

Home Dep HD $31.74 unch unch 9,957,249 NYSE: WSJ pB1 "China's car economy revs up" by Laurie Burkitt says drive-throughs are helping firms such as McDonald's which has 105 drive throughs in China and will build 300 more in the next 3 years. Also the willingness to drive is helping big box firms like Carrefour and Home Depot which operate mainly outside city centers where large plots of land are more affordable.

Intel INTC $19.31 +0.16 0.84% 54,923,975 NASDAQ-GS: No mentions found.

IBM $137.84 +0.18 0.13% 4,782,806 NYSE: No mentions found.

JPMorgan JPM $39.9 +0.26 0.66% 31,532,700 NYSE: WSJ pC2 "Bondholders assent to WaMu settlement" by Dan Fitzpatrick says bondholders agreed tot he ettlement of the WaMu bankruptcy case for $335 mil. WaMu's collapse was the biggest bank failure in US history and JPMorgans purchase in '08 of its banking assets gave it a coast to coast presence.

JNJ $63.21 +0.41 0.65% 11,296,557 NYSE: WSJ pB2 "J&J, Crucell reach accord ond eal" by Maarten Van Tartwijk says Johnson & Johnson has reached agreement with Crucell NV on its offer to buy the Dutch biotech firm for $2.42 bil.

KFT $31.3 +0.025 0.08% 6,644,164 NYSE: No mentions found.

McDonalds MCD $75.56 -0.26 0.34% 4,732,698 NYSE: WSJ pB1 "China's car economy revs up" by Laurie Burkitt says drive-throughs are helping firms such as McDonald's which has 105 drive throughs in China and will build 300 more in the next 3 years. Also the willingness to drive is helping big box firms like Carrefour and Home Depot which operate mainly outside city centers where large plots of land are more affordable.

USA Today p3B "McDoanld's marketers seek E-I-E-I dough" by Bruce Horovitz says MCD is doing a 24 hour tie in with the Farmville social media game and will sponosr the simulation game's first branded farm.

USA Today p3B "30 companies get exemption on health care coverage" by Drew Armtrong says McDoanld's and other fast food firms won't be requireed to raise the inimum annual benefit included in low cost health plans.

MRK $37.01 -0.01 0.03% 7,541,290 NYSE: No mentions found.

MSFT $24.43 +0.08 0.33% 50,408,755 NASDAQ-GS: WSJ pC5 "Traders are betting Microsoft stays put" by Brendan Conway says options traders bet that Microsoft's stock will shrug off the good and the bad in coming weeks, a period that includes a smartphone unveiling and the firm's earnings reports. They are doing short straddles expecting the stock to stay in a range.

Pfizer PFE $17.26 +0.029 0.17% 35,688,267 NYSE: WSJ pB10 Pfizer considers selling capsugel busienss" says Pfizer may sell this unit that makes capsules and other drug deklivery systems as Pfizer streamlines its business.

Procter & Gam PG $60.87 +0.05 0.08% 7,229,708 NYSE: WSJ pC16 "Food awakening to margin squeeze" by Renee schultes says consumer goods firms are being squeezed by soaring commodity prices. Unilever's margins lag those of rival Procter & Gamble but if Unilever limits scope to cut costs, this culd eat into its advertising budgets which could damage brands.

3M MMM $89.89 +1.03 1.16% 4,137,312 NYSE: No mentions found.

Travelers TRV $52.82- 0.05 0.09% 2,484,008 NYSE: No mentions found.

United Tech UTX $72.87 +0.36 0.5% 3,951,774 NYSE: No mentions found.

Verizon VZ $33.36 -0.21 0.63% 39,113,282 DualListed: WSJ pB9 "Verizon readies 4G launch" by roger Cheng says Verizon's Pres. Lowell McAdam laid out its launch plans for its 4G wireless networks, which will expand its markets to 38 by using a technology called Long Term Evolution increasing its markets from 30.

WSJ pA1 "Apple readies Verizon iPHone" by Yukari Kane says AT&T is about to lose its lock on the iPHone as Apple is making a version of its iPhone that Verizon Wireless will sell early next year which will end an exclusive deal with AT&T and sharpen the commpetition with Google based phones.

WSJ pC5 "Dow inches higher, buoyed by GE" by Jonathan Cheng says blue chip stocks clumg to their gains while sending reasury yields to a 20 month low as investors awaied furthe signals on the labor market that could force the Fed Res to launch another round of Treasury buying. GE jumped 39 cents as it said it may not ncrease its $1.2 bil bid for the UK's Wellstream Holdings after it turned down the offer. Verizon and Apple saw their shares jump after reports that the maker of the iPHone would begin mass producing the smart phone for Verizon to sell early next year. AT&T which is now the only carrier of the iPhoe added 4 cents. Acloa which kicks off 3Q earnings afer the close today added 23 cents as materials stocks rose. GE is charted under Good News saying it was buyings energy infrastructure products maker, Dresser Inc. for $3 bil.

Walmart WMT $54.56 +0.56 1.04% 10,396,059 NYSE: Fin Times p20 "Walmart launches same day pick up" by Jonathan Birchall says Walamrt is launchinga same day pick up service for online sales of electronic goods at its stores in Phoenix, Salt Lake City and Miami in a move aimed at strengthening its hand in the forthcoming holiday sales battle with Amazon & Best Buy.

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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 9/12/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $311.5 [5]
2. Microsoft MSFT 209 [9]
3. WalMart WMT 189 [3.5]
4. Procter & Gamble PG 171 [3]
5. GE 171 [10.5]
6. Johnson & Johnson JNJ 165 [3]
7. AT&T T 164.5 [6]
8. IBM 161.5 [1]
9. Chevron CVX 158.5 [2]
10. JPMorgan Chase JPM 157.5 [4]
11. Pfizer PFE 136.5 [8]
12. Bank of America BAC 136 [10]
13. Coke KO 135 [2.5]
14. Cisco CSCO 118 [6]
15. Merck MRK 112.5 [3]
16. Intel INTC 100 [5.5]
17. Verizon VZ 91.5 [3]
18. Hewlett-Packard HPQ 89 [2.5]
19. McDonald's MCD 80 [1]
20. Disney DIS 66 [2]
21. United Technologies UTX 64 [1]
22. 3M MMM 60 [.5]
23. Kraft KFT 53.5 [2]
24. Home Depot 49.5 [1.5]
25.American Express AXP 48 [1]
26. Boeing BA 47 [1]
27. Caterpillar CAT 45 [.5]
28. DuPont DD 38 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11.5 [1]

Here are the latest SEC filings as of 9/12/10 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: 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
8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.

Alcoa AA: 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
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller

American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10

Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress

Boeing BA: 8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems
7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.

Caterpiller CAT: 8/26/10 10Q/A amends prior 10Q
8/19/10 8K re: July dealer statistics
7/30/10 10Q 1Q 6/30/10
7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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.

Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
7/12/10 8K re: updated on 2Q results
6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.

Cisco CSCO 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
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders

Coke KO 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: 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
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.

Hewlett-Packard HPQ: 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
6/8/10 8K re: 10Q
6/1/10 10Q
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.

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
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.

Intel INTC: 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.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.

IBM: 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
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.

JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.

Johnson & Johnson JNJ : 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: 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: 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
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting

Merck MRK: 9/7/10 8K re: arbitration re: Meck'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.
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.

Microsoft MSFT: 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: 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: 8/27/10 Proxy Stmt re: Annual Sahreholder 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.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.

3M MMM: 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: 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
4/23/10 10Q

United Technologies UTX: 8/31/10 8K re: dedemption of 6.35% Notes due '11
8/19/10 8K re: deaprture 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: 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: 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.
6/14/10 10Q.