11/23/10 Sat. am Caterpillar to Buy MWM for $810 Mil; Verizon's Profits Down

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Post No. 697 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.

A read of Monday's 10/25/10 Barron's, Saturday's Wall St. Journal (Sat/Sun 10/23 -24), Financial Times (Sat/Sun), 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 Thursday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Friday at 11,132.56 down 14.01 or 0.13% from Thursday's close of 11,146.57. For the year the Dow is up 6.76%. For the week the Dow was up 70.56 or 0.64% from last Friday's close of 11,062. Of the 30 Dow Jones component companies 12 gained, 2 (JPMorgan and Merck) were unchanged and 16 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $42.87 +0.47 1.11% 10,301,405 NYSE. The biggest decliner dollar-wise and percentage-wise was American Express AXP $39.03 -1.24 3.08% 17,284,785 NYSE.

WSJ pB5 "Dow rises for 3rd week in a row" by Kristina Peterson & Donna Kardos Yesalavich says worry about the outlook for 2 corp heavyweights & a weekend meeting of global finance officials kept pressure on the Dow but major stock indexes still gained on the week. Results from American Express & Verizon Comm. raised questions about future profit. Both reported better than expected earnings but AmEx fell $1.24 on concerns that it is seeing weak demand for new loans and Verizon dropped 43 cents on on investor disappointment over slowing wireless subscriber growth.

NYT pB6 "Currency concerns hold shares in limbo' by Christine Hauser says stocks on Wall St. ended mixed Fri as investors looked for guidance about the economy from a range of company results, and from the meeting of the finance officials for the Group of 20 nations in S. Korea.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.07 down from Friday's P/E ratio of 14.09 (year ago it was 16.38) the P/E estimate is 13.25 unchanged from Friday's P/E estimate of 13.25 (year ago it was 16.03) and the current dividend yield is 2.54 unchanged from yesterday's yield of 2.54 (it was 2.80 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.

Friday's Dow Jones Industrial Average closing numerator was 1,470.94 down 1.85 from Thursday's closing numerator of 1,472.79. 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 Friay's Dow Jones Industrial Average was $49.03 down 0.06 from Thursday's Dow Jones Industrial Average average closing price of $49.09. The median closing price of Friday's Dow Jones Industrial Average was $40.95 down 0.39 (HPQ/AXP) from Thursday's median price of $41.34. The lowest volume was 3M MMM $90.44 -0.11 0.12% 2,310,222 NYSE and the highest volume was again Bank of America BAC $11.44 +0.08 0.7% 172,755,796 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 $189 ($147,279 $147,090).

MarketWatch 10/22/10 Friday 4:54 by Donna Yesalavich & Kristina Peterson says worry about corporate profit growth and a weekend meeting of global finance officials put pressure on the Dow Jones Industrial Average on Friday, but the major indexes still managed their third straight week of gains. The blue-chip measure closed down 14.01 points, or 0.13%, to 11132.56. The Standard & Poor’s 500-stock index (SPX 1,183, +2.82, +0.24%) edged up 2.82, or 0.24%, to 1183.08. The Nasdaq Composite (COMP 2,479, +19.72, +0.80%) rose 19.72 points, 0.8%, to 2,479.39. The Dow (DJIA 11,133, -14.01, -0.13%) and the S&P 500 closed up for the third-consecutive week, with both gaining 0.6%. The Nasdaq added 0.4% this week. Hewlett-Packard released Friday a touchscreen tablet computer that runs Windows, becoming the latest computer maker to jump into the fray following Apple Inc.'s debut of the iPad earlier this year. Traders hesitated Friday as a meeting of finance ministers and central bankers from the Group of 20 big industrial and emerging economies got under way in Gyeongju, South Korea. The market is watching whether officials, in preparation for a G-20 summit in Seoul next month, can agree on managing exchange rates to cool what’s been called a “currency war.” “We need some sense of direction over what’s going to happen in currencies,” said Michael Farr, president of the portfolio-management firm Farr, Miller & Washington. The U.S. Dollar Index (DXY 77.37, -0.04, -0.06%), tracking the U.S. currency against a basket of six others, edged up less than 0.1%. Get more currencies data. In the meantime, traders focused on the latest earnings reports. Nearly three-quarters of the S&P 500 companies that have reported third-quarter results so far this earnings season have topped analysts’ estimates, but traders remain concerned about currencies and the weak economic backdrop. “The profit news is constructive, but not enough to lead to a new leg higher,” said Nick Kalivas, vice president of MF Global. The Dow’s decline Friday was led by American Express Co. (AXP 39.03, -1.24, -3.08%) and Verizon Communications (VZ 32.08, -0.01, -0.03%) . Both reported better-than-expected profits, but AmEx fell 3.1% on concerns that it is seeing weak demand for new loans, and Verizon dropped 1.3% on disappointment over slowing wireless subscriber growth. Read more on American Express. Schlumberger's optimism grows about the Gulf of Mexico.Technology stocks were boosted by encouraging earnings. Riverbed Technology (RVBD 54.26, -0.01, -0.02%), which makes products that reduce the load on networks, surged 18% after its third-quarter revenue beat expectations and its board approved a 2-for-1 stock split. Compuware (CPWR 9.94, +0.02, +0.20%) , CA Inc. /(CA 22.87, +1.11, +5.10%) and Amazon.com (AMZN 169.14, +0.01, +0.01%) also reported earnings that beat Wall Street estimates. Compuware jumped 12%, while CA added 5.1%, and Amazon climbed 2.5%. The energy sector got a boost from Schlumberger Ltd. (SLB 67.77, +3.46, +5.38%) shares, which climbed 5.4% after the oilfield-services company’s third-quarter earnings more than doubled, topping analysts’ expectations. But utilities were weighed down by a drop in Exelon Corp. (EXC 42.24, +0.24, +0.57%) , which fell 3.5%. The owner of nuclear power plants posted a 12% increase in third-quarter profit, but investors were disappointed to see operating margin narrowed as costs rose. Chipotle Mexican Grill (CMG 206.01, +0.24, +0.12%) jumped 15%. The restaurant chain’s third-quarter profit rose 40% as same-store sales and traffic improved. The company also boosted its same-store sales target for the year. Wilmington Trust (WL 8.76, +0.69, +8.55%) shares added 8.6%. Trading in the bank was halted two times Friday afternoon when its jump set off a single-stock circuit breaker twice on reports Wilmington is in talks with Canadian banks. Treasurys declined, pushing the 10-year note yield’s (UST10Y 2.56, +0.02, +0.79%) up to 2.56%. Crude-oil futures crept higher, while gold futures also advanced.

Friday's Closing Dow Numbers Are:

At&T T $28.29 -0.05 0.18% 18,070,449 NYSE: WSJ pB3 "Verizon lags in wireless" by Roger Cheng says Verizon Communications struggled to add enough new wireless cutomers to keep pace with rival AT&T in 3Q despite heavy promotion of its Droid smartphones. In 3Q, Verizon Wireless signed up 584,000 net new subscribers while AT&T added 745,000 customers. Verizon had a 3Q profit of $881 mil or 31 cents a share, down from $1.18 mil or 41 cents a share a year earlier. Rev fell 2.9% to $26.5 bil, reflecting in part the divesture of some of its landline assets. Wwireless rev rose 6% to $16.3 bi.

Alcoa AA $12.72 -0.06 0.47% 18,726,381 NYSE:

American Express AXP $39.03 -1.24 3.08% 17,284,785 NYSE: Barron's pM3 "The Trader" by Kopin Tan says so far 3 out of every 4 firms from American Express to Verizon have beaten analysts' estimates, but they've risen on average just 1.2% after their good reports. Strong earnings from McDonald's whose shares are at an all time high, helped prop up the Dow.

WSJ pB5 "Dow rises for 3rd week in a row" by Kristina Peterson & Donna Kardos Yesalavich says worry about the outlook for 2 corp heavyweights & a weekend meeting of global finance officials kept pressure on the Dow but major stock indexes still gained on the week. Results from American Express & Verizon Comm. raised questions about future profit. Both reported better than expected earnings but AmEx fell $1.24 on concerns that it is seeing weak demand for new loans and Verizon dropped 43 cents on on investor disappointment over slowing wireless subscriber growth.

Bank of America BAC $11.44 +0.08 0.7% 172,755,796 NYSE: Barron's "p12 "Last Week Review" says the Fed Res Bank of nY joined a group of bondholders including Pimco seeking to force Bank of America to buy back some bad loans created by BofA's Countrywide Fin'l that had been packaged into $47 bil of securities.

Barron's p37 "Could BofA shares fall to $2.50" by Steven Sears says Bank of America is the market's whipping boy and is the poster child for the foreclosure mess. Its stock has declined 22% compared with a 9% decline for JPMorgan.

NYT pB1 "Big problem for banks: due process" by Joe Nocera says earlier this week, Bank of Ameica, the nation's largest consumer bank reported good 3Q earnings. It was the 3rd consecutive quarter than Bank of America had earned more than $3 bil. But there is a big cloud hanging over BofA regarding more legal action regarding their foreclosure process in 23 states.

Boeing BA $71.26 -0.24 0.34% 3,055,507 NYSE: WSJ pB1 "Companies pump up pension plans" by Steven Jones says employers such as Honeywell Int'l, Lockheed Martin, Boeing, and Parker Hannifin are plowing funds into their pension plans to head off troubles in the future and to cut their taxes at a time of ultra low investment returns elsewhere.

Caterpillar CAT $78.33 -0.56 0.71% 6,434,084 NYSE: WSJ pB3 "Catepillar to buy generator maker MWM for $810 mil" by James Hagerty says seeker to bolster one of its more profitable business areas, Caterpillar agreed to acquire MWM holding GmbH, a German maker of pwer generation equipment, from 3i Group PLC and related investment funds for $810 mil. MWM, a 135 year old firm whose name derives from Motoren-Were Mannheim, makes generator sets, used as a backup source of electrical power at office buildings, hospitals and data centers.

Chevron CVX $84.55 +0.30 0.36% 5,539,215 NYSE:

CSCO $23.48 +0.22 0.95% 23,648,167 NASDAQ-GS: Barron's p31 "A private party" says firms are jumping into cloud computing faste than anyone predicted and this could hurt the big tech supplies because many data-processing services will be outsourced. Amazon.com is the leading computer-service provider followed by Google and Microsoft. There are many firms tha provide software as a service from the cloud such as Intuit. Those with the most to lose in the coming transition are Hewlett-Packard, Dell, Oracle, Cisco & IBM.

Coke KO $61.61 +0.14 0.23% 4,766,748 NYSE: Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

DIS $34.97 +0.29 0.84% 9,586,913 NYSE:

DuPont DD $46.83 -0.30 0.64% 4,139,130 NYSE: Barron's p13 "Week Preview" says earnings reports next week are as follows with consensus estimate per share followed by year ago: Tues: DuPont 3Q .34/.45; Wed: Procter & Gamble 1Q 1.00/1.06; Thurs: 3M 3Q 1.51/1.37, Exxon Mobil Q 1.39 .98 & Microsoft 1Q .55/.40 & Fri: Merck 3Q .82/.90.

Exxon XOM $66.34 +0.02 0.03% 13,294,552 NYSE: Barron's p13 "Week Preview" says earnings reports next week are as follows with consensus estimate per share followed by year ago: Tues: DuPont 3Q .34/.45; Wed: Procter & Gamble 1Q 1.00/1.06; Thurs: 3M 3Q 1.51/1.37, Exxon Mobil Q 1.39 .98 & Microsoft 1Q .55/.40 & Fri: Merck 3Q .82/.90.

GE $16.055 -0.045 0.28% 31,279,093 NYSE: Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

Hewlett-Packard HPQ $42.87 +0.47 1.11% 10,301,405 NYSE: Barron's p31 "A private party" says firms are jumping into cloud computing faste than anyone predicted and this could hurt the big tech supplies because many data-processing services will be outsourced. Amazon.com is the leading computer-service provider followed by Google and Microsoft. There are many firms tha provide software as a service from the cloud such as Intuit. Those with the most to lose in the coming transition are Hewlett-Packard, Dell, Oracle, Cisco & IBM.

Home Depot HD $31.48 -0.33 1.04% 9,101,910 NYSE:

Intel INTC $19.835 +0.075 0.38% 50,089,403 NASDAQ-GS:

IBM $139.67 -0.16 0.11% 4,104,612 NYSE: Barron's pM11 "Market Watch"says When IBM and Apple two of the hottest stocks around, reported decent earnings the market fell but it should have risen.

Barron's p31 "A private party" says firms are jumping into cloud computing faste than anyone predicted and this could hurt the big tech supplies because many data-processing services will be outsourced. Amazon.com is the leading computer-service provider followed by Google and Microsoft. There are many firms tha provide software as a service from the cloud such as Intuit. Those with the most to lose in the coming transition are Hewlett-Packard, Dell, Oracle, Cisco & IBM.

JPMorgan JPM $37.7 unch unch 24,850,149 NYSE: Barron's p37 "Could BofA shares fall to $2.50" by Steven Sears says Bank of America is the market's whipping boy and is the poster child for the foreclosure mess. Its stock has declined 22% compared with a 9% decline for JPMorgan.

JNJ $63.81 -0.18 0.28% 6,741,639 NYSE: Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

KFT $31.9 +0.08 0.25% 6,142,578 NYSE: Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

MCD $78.55 +0.11 0.14% 4,220,757 NYSE: Barron's pM3 "The Trader" by Kopin Tan says so far 3 out of every 4 firms from American Express to Verizon have beaten analysts' estimates, but they've risen on average just 1.2% after their good reports. Strong earnings from McDonald's whose shares are at an all time high, helped prop up the Dow.

MRK $37.1 unch unch 6,330,138 NYSE: Barron's p13 "Week Preview" says earnings reports next week are as follows with consensus estimate per share followed by year ago: Tues: DuPont 3Q .34/.45; Wed: Procter & Gamble 1Q 1.00/1.06; Thurs: 3M 3Q 1.51/1.37, Exxon Mobil Q 1.39 .98 & Microsoft 1Q .55/.40 & Fri: Merck 3Q .82/.90.

MSFT $25.3775 -0.0425 0.17% 25,801,677 NASDAQ-GS: Barron's p13 "Week Preview" says earnings reports next week are as follows with consensus estimate per share followed by year ago: Tues: DuPont 3Q .34/.45; Wed: Procter & Gamble 1Q 1.00/1.06; Thurs: 3M 3Q 1.51/1.37, Exxon Mobil Q 1.39 .98 & Microsoft 1Q .55/.40 & Fri: Merck 3Q .82/.90.

Barron's p31 "A private party" says firms are jumping into cloud computing faste than anyone predicted and this could hurt the big tech supplies because many data-processing services will be outsourced. Amazon.com is the leading computer-service provider followed by Google and Microsoft. There are many firms tha provide software as a service from the cloud such as Intuit. Those with the most to lose in the coming transition are Hewlett-Packard, Dell, Oracle, Cisco & IBM.

Pfizer PFE $17.5 -0.13 0.74% 81,769,720 NYSE:

Procter & Gamble PG $63.40 -0.11 0.17% 5,933,316 NYSE: Barron's p13 "Week Preview" says earnings reports next week are as follows with consensus estimate per share followed by year ago: Tues: DuPont 3Q .34/.45; Wed: Procter & Gamble 1Q 1.00/1.06; Thurs: 3M 3Q 1.51/1.37, Exxon Mobil Q 1.39 .98 & Microsoft 1Q .55/.40 & Fri: Merck 3Q .82/.90.

Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

3M MMM $90.44 -0.11 0.12% 2,310,222 NYSE:

Travelers TRV $55.1 +0.12 0.22% 3,255,876 NYSE:

United Tech UTX $74.94 -0.03 0.04% 3,164,189 NYSE:

Verizon VZ $32.09 -0.43 1.32% 23,977,772 Dual Listed: Barron's pM3 "The Trader" by Kopin Tan says so far 3 out of every 4 firms from American Express to Verizon have beaten analysts' estimates, but they've risen on average just 1.2% after their good reports. Strong earnings from McDonald's whose shares are at an all time high, helped prop up the Dow.

WSJ pB3 "Verizon lags in wireless" by Roger Cheng, NYT pB3 "Verizon profit falls as customer growth slows" by Jenna Wortham say Verizon Communications struggled to add enough new wireless cutomers to keep pace with rival AT&T in 3Q despite heavy promotion of its Droid smartphones. In 3Q, Verizon Wireless signed up 584,000 net new subscribers while AT&T added 745,000 customers. Verizon had a 3Q profit of $881 mil or 31 cents a share, down from $1.18 mil or 41 cents a share a year earlier. Rev fell 2.9% to $26.5 bil, reflecting in part the divesture of some of its landline assets. Wwireless rev rose 6% to $16.3 bi.

WSJ pB5 "Dow rises for 3rd week in a row" by Kristina Peterson & Donna Kardos Yesalavich says worry about the outlook for 2 corp heavyweights & a weekend meeting of global finance officials kept pressure on the Dow but major stock indexes still gained on the week. Results from American Express & Verizon Comm. raised questions about future profit. Both reported better than expected earnings but AmEx fell $1.24 on concerns that it is seeing weak demand for new loans and Verizon dropped 43 cents on on investor disappointment over slowing wireless subscriber growth.

WMT $54.06 +0.03 0.06% 5,795,037 NYSE: Barron's p26 "Blue Chip specials from the Buffett Menu" by Andrew Bary says among Berkshire Hathaway's largest equity holdings are the following Dow firms: Coca-Cola, Johnson & Johnson, Krfat, Procter & Gamble & Walmart. He also owns GE's preferred stock with a 10% yield.

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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.
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