Monday, December 6, 2010

12/6/10 Mon. am Pfizer CEO Jeffrey Kindler Quits

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Post No. 762 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 and recent Dow 30 component's SEC filings.

A read of Monday's Barron's, Wall St. Journal, Financial Times, New York Times, 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 Friday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Friday at 11,382.09 up 19.68 points or 0.17% from Thursday's close of 11,362.41. For the week the Dow is up 290.09 or 2.61% from last Friday's close of 11,092. For the year the Dow is up 9.15%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was Caterpillar CAT $89.38 +0.76 0.86% 4,999,657 NYSE and percentage-wise was Bank of America BAC $11.86 +0.18 1.54% 164,553,852 NYSE. The biggest decliner dollar-wise was Coke KO $64.5 -0.40 0.62% 10,342,821 NYSE and percentage-wise was Cisco CSCO $19.07 -0.15 0.78% 89,384,437 NASDAQ-GS NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.51 up from Friday's P/E of 14.49 (year ago it was 18.02); the P/E estimate is 13.33 up from Friday's 12.95 (year ago it was 16.05) and the dividend yield is 2.51 down from Friday's dividend yield of 2.52 (last year it was 2.67). 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 1,503.91 up 2.60 from Thursday's closing numerator of 1501.31. 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 Friday's Dow Jones Industrial Average was $50.13 up $0.09 from Thursday's Dow Jones Industrial Average average closing price of $50.04. The median closing price of Friday's Dow Jones Industrial Average was $43.95 (HPQ/AXP) up 0.87 from Thursday's closing median price of $43.07. The lowest volume was 3M MMM $86.94 +0.43 0.5% 2,911,358 NYSE and the highest volume was again Bank of America BAC $11.86 +0.18 1.54% 164,553,852 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 made $271 ($150,391 - $150,120)

MarketWatch Friday 12/3/10 5:51 pm by Kate Gibson says U.S. stocks on Friday climbed for a third day to end the week higher as Wall Street offered a subdued reaction to disappointing November jobs data that had some expressing doubt and forecasting an upward revision. “The jobs number was surprising, and I’m wondering if next month we get a revision. I mean retail losses in November? You have to take it with a grain of salt,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the Labor Department’s report. The report showed payrolls growth of 39,000 last month, far fewer than the 155,000 gain predicted by analysts surveyed by MarketWatch. Meanwhile, the unemployment rate rises to 9.8%, the highest since April, underlining continued weakness in the labor market. The major indexes ended higher for the week, with the Nasdaq Composite Index nearing a three-year high, thanks largely to rallies on Wednesday and Thursday. On Friday, the indexes meandered mostly lower most of the session before turning higher late in the day.
After two days of triple-digit gains, the Dow Jones Industrial Average (DJIA 11,382, +19.68, +0.17%) rose 19.68 points, or 0.2%, to 11,382.09, leaving it up 2.6% for the week. Of its 30 components, 17 finished higher. Up 3% for the week, the S&P 500 Index (SPX 1,225, +3.18, +0.26%) gained 3.18 points, or 0.3%, to 1,224.71 on Friday, with natural resources up the most among its 10 sectors. The Nasdaq Composite (COMP 2,591, +12.11, +0.47%) gained 12.11 points, or 0.5%, to 2,591.46, with the technology-laden index gaining 2.2% on the week. “There are definitely things that don’t smell right about it,” said Pado of the payrolls data, pointing to the government’s finding that jobs were lost in retail, a sector that has been reporting robust sales, starting with back-to-school buying and continuing into the holidays. Read a range of reactions to the jobs report.
As a wild year comes to a close, it’s time to spruce up your portfolio with 2010's finishing touches. Retailers have been saying things were looking up for the holidays, “so it seems they would be hiring and not firing,” Pado said. The report also renewed chatter over whether weak data would push the Federal Reserve to expand its quantitative easing program to stimulate the economy. Stocks strengthened after CBS, shortly after 3:30 p.m., said Federal Chairman Ben Bernanke doesn’t rule out expanding the Fed’s $600 billion bond-purchase program in his “60 Minutes” interview, which airs Sunday. Separate reports had a gauge of the services industry showing a slight expansion in November and the government reported a 0.9% decline in factory orders for October. For every two stocks that fell, more than three rose on the New York Stock Exchange, where volume topped 908 million. Treasurys were mixed, with 10-year note (UST10Y 3.01, +0.01, +0.30%) yields, often used in determining consumer loans, back above 3%. Gold and crude-oil futures climbed on the New York Mercantile Exchange, with gold above $1,400 an ounce and oil topping $89 a barrel. Wall Street’s mild reaction to the jobs report could be an indication that people are “not believing the report so much,” said Jeffrey Kleintop, chief market strategist at LPL Financial. “It doesn’t really change the view of the economy, which is muddling along,” Kleintop added. Cantor Fitzgerald’s Pado argued that the uptick in the unemployment rate is actually positive in that it signals Americans who had given up were re-entering the labor pool in anticipation that the climate was improving.“Workers see the prospect for jobs coming down the pike here,” Pado said.

Friday's Closing Dow Numbers and Monday's News:

AT&T T $28.49 -0.06 0.21% 22,958,795 NYSE: WSJ pB3 "Internet giant to buy video software firm" by Scott Morrison says Google will buy video software maker Widevine Technologies whose customers include AT&T.

WSJ pC8 "Buybacks from P&G are worth the gamble" by John Jannarone says P&G shares ahve risen just 0.3% this year while the S&P 500 has gained 9.8% & P&G is now able to borrow at lower rates than its stock's dividend yeild so P&G has a strong case to borrow to keep buying back shares. P&G is no anomaly as mature firms in other sectors cold take advantage of the bond market rally. AT&T has a dividend yield of 6% but its 5 year bonds yield 2.4%. Microsoft has $33 bil in cash even after selling $4.75 bil in bonds.

Alcoa AA $14.23 +0.14 0.99% 25,078,193 NYSE: No mentions found.

American Express AXP $44.88 -0.10 0.22% 9,135,676 NYSE: No mentions found.

Bank of America BAC $11.86 +0.18 1.54% 164,553,852 NYSE: WSJ pC1 "Banks pin rev hopes on prepaid cards" by Robin Sidel says big banks including Bank of Amer are exploring prepaid cards as a way to make up rev that will be lost from red restrictions on debit cards.

Boeing BA $66.54 -0.05 0.08% 3,357,522 NYSE: WSJ pB3 "Boeing supplier to shift some 787 aircraft workers" by AP says Spirit AeroSystems, a key supplier for the 787 will shift workers to other planes, in another sign that delays to the 787 are likely.

Daily Report p6 "Delta eyes Airbus A320 for mostly Boeing fleet" by Bloomberg says Delta may add the A320 to its fleet, historically dominated by Boeing jets due to the A320 fuel efficiency.

Caterpillar CAT $89.38 +0.76 0.86% 4,999,657 NYSE: Barron's p19 "Cleaning up around the world"by Andrew Bary says at a time when Wall St is excited about global players such as Caterpillar and Cummins Wirlpool is getting little credit for its strong positions in countries like India and Brazil. It controls 15% of the $120 bil global appliance market, followed by Electrolux with 9%, GE and LG Korea each with 7%.

Chevron CVX $84.89 +0.39 0.46% 6,726,434 NYSE: No mentions found.

Cisco CSCO $19.07 -0.15 0.78% 89,384,437 NASDAQ-GS: No mentions found.

Coke KO $64.5 -0.40 0.62% 10,342,821 NYSE: WSJ pB4 "Flurry of attention for Coke's snowglobe" by Suzanne Vranica says Coke's Snow globe comercial is a big hit.

Barron's pP23 "Private banking's bold new era" by Hilary Johnson says JPMorgan is the nation's top private bank with $400 bil in client assets, 74 offices and 1,596 private bankers. Scott Clemons at Brown Brothers Harrimon likes Waste Management and Coca-Cola

Disney DIS $37.59 +0.25 0.67% 6,906,375 NYSE: WSJ pB5 "Rapunzel climbs above Harry in sales" says Disney's Tangled has sold $96.5 mil in tickets in the US since its release.

DuPont DD $49.24 +0.61 1.25% 13,229,975 NYSE: No mentions found.

Exxon XOM $71.19 -0.29 0.41% 19,459,166 NYSE: No mentions found.

GE $16.78 +0.10 0.6% 50,259,319 NYSE: WSJ pB3 "GE awaits verdict on Hudson cleanup" by Paul Glader says the EPA will issue its verdict 12/13 ont he next stage of the Hudson River cleanup, as GE & NY state officials continue to scuffle over how GE should remove toxic chemicals it dumped for decades.

WSJ pB2 "GE capital is focus of Tues webcast" by Paul Glader says GE's top execs will be on a GE Capital webcast Tues aimed to convince investors that GE Capital is back on firm footing.

NYT pB3 "GE & JPMorgan got lots of Fed help in '08" by Sewell Chan says this occurred even though their CEOs served on the NY Fed's Board.

Barron's p19 "Cleaning up around the world"by Andrew Bary says at a time when Wall St is excited about global players such as Caterpillar and Cummins Wirlpool is getting little credit for its strong positions in countries like India and Brazil. It controls 15% of the $120 bil global appliance market, followed by Electrolux with 9%, GE and LG Korea each with 7%.

Hewlett-Packard HPQ $43.03 -0.08 0.19% 17,660,370 NYSE: No mentions found.

Home Depot HD $33.48 +0.12 0.36% 16,351,506 NYSE: No mentions found.

Intel INTC $21.69 -0.01 0.05% 43,907,374 NASDAQ-GS: No mentions found.

IBM $145.38 +0.20 0.14% 3,710,884 NYSE: WSJ pB8 "Offering advice free of charge" by Spencer Ante says IBM is sending execs to provide free consulting services in Asia, Latin Amer, E. Europe, Africa & the Mid East to get to know more decision makers in tose markets which IBM sees as important to its future.

JPMorgan JPM $39.61 +0.30 0.76% 30,070,142 NYSE: WSJ pC3 "Madoff trustee goes after HSBC" by Chad Bray says Trustee Picard recently also went after JPMorgan and UBS.

NYT pB3 "GE & JPMorgan got lots of Fed help in '08" by Sewell Chan says this occurred even though their CEOs served on the NY Fed's Board.

Barron's pP23 "Private banking's bold new era" by Hilary Johnson says JPMorgan is the nation's top private bank with $400 bil in client assets, 74 offices and 1,596 private bankers. Scott Clemons at Brown Brothers Harrimon likes Waste Management and Coca-Cola

Johnson & Johnson JNJ $62.56 -0.04 0.06% 9,881,924 NYSE: WSJ pB1 "Abbott hried barred doctor" by Alicia Mundy says Abbott hired a cardiologist as a sales consultant after he was barred from practicing at a Baltimore hospital for allegedly putting heart stents in patients who didn't need them. Abbott, Johnson & Johnson Boston Scientific and Medtronic are keen competitors in the market for stents, which can cost more than $1,000 each.

Kraft KFT $30.32 -0.11 0.36% 7,376,558 NYSE: No mentions found.

McDonald's MCD $79.76 +0.38 0.48% 3,613,665 NYSE: WSJ pB2 "Happening this week" says on Wed McDonald's reports same store sales.

Merck MRK $35.3 +0.08 0.23% 10,840,270 NYSE: Barron's "Week preview" says on Tues 12/7 3M hoolds an investor meeting and the FDA's pediatric advisorypanel reviews the safety of Merck's Gardasil; on Thurs. 12/9 United Technologies holds a meeting with analysts.

Microsoft MSFT $27.02 +0.13 0.48% 52,621,910 NASDAQ-GS: WSJ pB1 "Netflix rattles rivals as it expands on web" by Nick Wingfield" says media firms have talked to Microsoft and Sony, both of which povide access to Netflix's streaming service through their videogame consoles, about licensing tv shows directly to the 2 companies for offering through subscriptions.

WSJ pC8 "Buybacks from P&G are worth the gamble" by John Jannarone says P&G shares ahve risen just 0.3% this year while the S&P 500 has gained 9.8% & P&G is now able to borrow at lower rates than its stock's dividend yeild so P&G has a strong case to borrow to keep buying back shares. P&G is no anomaly as mature firms in other sectors cold take advantage of the bond market rally. AT&T has a dividend yield of 6% but its 5 year bonds yield 2.4%. Microsoft has $33 bil in cash even after selling $4.75 bil in bonds.

Barron's p30 "Talking with Wally Weitz" by James Anderson says Portfolio Manger Weitz has 23% of his fund in tech shares including Microsoft.

Pfizer PFE $16.72 +0.03 0.18% 41,544,756 NYSE: WSJ pB1 "Citing fatigue, Pfizer CEO quits" by Jonathan Rockoff says Pfizer Chairman & CEO Jeffrey Kindler retired after 4 1/2 years leading the world's largest drug maker by sales, saying the demands of the oob have worn him out. Ian Read, a Pfizer vet who headed sales & markets of the pharma business took the CEO post and was named a director.

Procter & Gamble PG $62.33 -0.03 0.05% 8,973,265 NYSE: WSJ pC8 "Buybacks from P&G are worth the gamble" by John Jannarone says P&G shares ahve risen just 0.3% this year while the S&P 500 has gained 9.8% & P&G is now able to borrow at lower rates than its stock's dividend yeild so P&G has a strong case to borrow to keep buying back shares. P&G is no anomaly as mature firms in other sectors cold take advantage of the bond market rally. AT&T has a dividend yield of 6% but its 5 year bonds yield 2.4%. Microsoft has $33 bil in cash even after selling $4.75 bil in bonds.

3M MMM $86.94 +0.43 0.5% 2,911,358 NYSE: Barron's "Week preview" says on Tues 12/7 3M hoolds an investor meeting and the FDA's pediatric advisorypanel reviews the safety of Merck's Gardasil; on Thurs. 12/9 United Technologies holds a meeting with analysts.

Travelers TRV $54.86 -0.25 0.45% 3,215,056 NYSE: No mentions found.

United Technologies UTX $78.74 +0.04 0.05% 3,229,203 NYSE: WSJ pB3 United Technologies machinists ratify contract; 2 plants to shut down" by AP says machinists ratified a new contract Wun with jet engine maker Pratt & Whitney that allows it to shut 2 Ct. plants.

Barron's "Week preview" says on Tues 12/7 3M hoolds an investor meeting and the FDA's pediatric advisorypanel reviews the safety of Merck's Gardasil; on Thurs. 12/9 United Technologies holds a meeting with analysts.

Verizon VZ $32.9 +0.16 0.49% 12,591,086 Dual Listed: No mentions found.

Walmart WMT $54.62 -0.13 0.24% 10,099,005 NYSE: Barron's p27 "Tech Trader" by Teirnan Ray says the traditional Black Fri lost some of its luster as stores including Walmart stayed open on Thanksgiving.

*********************
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 Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (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 results5/27/10 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.

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.

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.