Wednesday, December 8, 2010

12/8/10 Wed pm Dow Closes at 11,372.48 up 13.32 or 0.12%

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Post No. 767 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 Dec. 7, 2010 and recent Dow 30 component's SEC filings.

The Dow Jones Industrial Average closed Wednesday at 11,372.48 up 13.32 points or 0.12% from Tuesday's close of 11,359.16. Of the 30 Dow Jones component companies 19 gained and 11 declined. The biggest gainer dollar-wise was IBM $144.98 +0.96 0.67% 4,959,315 NYSE and percentage-wise was Pfizer PFE $16.72 -0.05 0.3% 42,838,066 NYSE. The biggest decliner dollar-wise and percentage-wise was McDonald's MCD $78.74 -1.60 1.99% 9,335,596 NYSE.

As of the open of the market Wednesday, 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 14.48 down from Tuesday's P/E of 14.49 (year ago it was 17.84); the P/E estimate is 13.33 unchanged from Tuesday's 13.33 (year ago it was 16.05) and the dividend yield is 2.52 unchanged from Tuesday's dividend yield of 2.52 (last year it was 2.69). 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 1,502.64 up 1.76 from Tuesday's closing numerator of 1500.88. 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 $50.09 up $0.06 from Tuesday's Dow Jones Industrial Average average closing price of $50.03. The median closing price of Monday's Dow Jones Industrial Average was $44.15 (HPQ/AXP) up 0.66 from Tuesday's closing median price of $43.49. The lowest volume was Travelers TRV $55.06 +0.22 0.4% 3,651,808 NYSE and the highest volume was again Bank of America BAC $12 0.43 +3.72% 233,864,264 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 $176 ($150,264 - 150,088)

MarketWatch Wednesday 12/8/10 4:51 pm by Kate Gibson says U.S. stock closed slightly higher Wednesday, as a rally in financial stocks and hopes over the impact of tax cuts offset concerns about the deficit and a sell-off in government bonds.The move higher came in a late turnaround after the market stood close to a standstill for most of the session. “After the big announcement on the supposed tax deal — well, it doesn’t seem like it’s all that done yet — and then you have people coming at both sides with an issue,” said Jay Suskind, senior vice president at Duncan-Williams of the divergent views being expressed in the equities and bond markets. “It adds a little more uncertainty into the mix,” Suskind added. But shortly before the close, financials helped lift the major benchmarks into positive ground. The Dow Jones Industrial Average (DJIA 11,372, +13.32, +0.12%) rose 13.32 points, or 0.1%, to end at 11,372.48, lifted by shares of Bank of America (BAC 12.04, +0.04, +0.33%) , up 3.7%, and JP Morgan Chase (JPM 40.27, +0.01, +0.03%) , up 2.6%.Shares of Home Depot Inc., (HD 33.98, -0.05, -0.14%) rose 1.4% after the home-improvement retailer hiked its earnings outlook for the second time in two months.The S&P 500 Index (SPX 1,228, +4.53, +0.37%) rose 4.53 points, or 0.4%, to 1,228.28. The Nasdaq Composite (COMP 2,609, +10.67, +0.41%) gained 10.67 points, or 0.4%, to 2,609.16.His ability to resurrect the stock, reinvigorate sales, jolt the instant-coffee market, and reorient a wayward business that had become a caricature of its former self made Howard Schultz a finalist for MarketWatch's CEO of the Decade honors.For every two stock rising, nearly three fell on the New York Stock Exchange, where 1.1 billion shares exchanged hands.The dollar’s rise on Wednesday helped dent dollar-denominated assets, including gold futures, which fell 1.8% to end at $1,383.20 an ounce on the New York Mercantile Exchange.Oil futures declined after inventory data, with crude down 41 cents to $88.28 a barrel on Nymex.
Provisions of the tax deal, which must still be worked into specific legislation, would allow immediate write-offs of capital investments and “would be very favorable to industrial-equipment makers and immediately drive economic growth,” Fred Dickson, chief investment strategist at Davidson Companies, wrote in a note.
The compromise on taxes is also expected to add to the budget deficit. That concern helped to push the price of U.S. debt down, bringing 10-year note yields, used in determining consumer borrowing costs, to their highest level since June.
On the corporate front, Fortune Brands Inc. (FO 61.76, +0.61, +1.00%) shares rose 1% after the company said it would separate into three pieces, retaining its liquor business and shedding businesses that make products such as locks and golf balls.

Wednesday's Closing Dow Numbers:

AT&T T $28.63 +0.09 0.32% 17,233,143 NYSE
Alcoa AA $14.14 -0.01 0.07% 27,126,771 NYSE
Amex AXP $45.63 +0.85 1.9% 8,531,400 NYSE
Bank of America BAC $12 0.43 +3.72% 233,864,264 NYSE
Boeing BA $65.18 -1.05 1.59% 5,204,580 NYSE
Caterpillar CAT $89.62 -0.73 0.81% 5,245,654 NYSE
Chevron CVX $86.14 -0.16 0.19% 6,915,810 NYSE
CSCO $19.35 -0.04 0.21% 53,819,070 NASDAQ-GS
Coke KO $64.39 +0.25 0.39% 9,112,590 NYSE
Disney DIS $36.97 -0.36 0.96% 8,542,828 NYSE
DuPont DD $48.88 -0.08 0.16% 5,369,266 NYSE
Exxon XOM $71.85 +0.39 0.55% 22,650,069 NYSE
GE $17.04 +0.01 0.06% 47,435,614 NYSE
Hewlett-Packard HPQ $42.66 +0.47 1.11% 12,231,544 NYSE
Home Depot HD $34.03 +0.48 1.43% 11,406,234 NYSE
Intel INTC $21.82 +0.24 1.11% 68,654,829 NASDAQ-GS
IBM $144.98 +0.96 0.67% 4,959,315 NYSE
JPMorgan JPM $40.26 +1.01 2.57% 37,959,434 NYSE
JNJ $62.45 +0.14 0.22% 7,869,377 NYSE
KFT $31.03 +0.39 1.27% 10,117,740 NYSE
McDonald's MCD $78.74 -1.60 1.99% 9,335,596 NYSE
MRK $35.4 +0.03 0.08% 8,540,359 NYSE
MSFT $27.23 +0.36 1.34% 41,582,240 NASDAQ-GS
Pfizer PFE $16.72 -0.05 0.3% 42,838,066 NYSE
Procter & Gamble PG $62.63 +0.48 0.77% 8,343,226 NYSE
MMM $84.68 +0.49 0.58% 5,143,973 NYSE
Travelers TRV $55.06 +0.22 0.4% 3,651,808 NYSE
United Tech UTX $77.69 -0.85 1.08% 5,378,556 NYSE
Verizon VZ $32.98 +0.03 0.09% 11,749,555 DualListed
Walmart WMT $54.49 -0.60 1.09% 12,470,600 NYSE

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The following are excerpts from Wed morning's Blog.

A read of Wednesday'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 Tuesday's stock prices and related data.

Dow:s on Tuesday finished near neutral as healthy gains that came with a deal to extend tax cuts lost their steam as the dollar gained, hitting equities and other dollar-denominated assets. The greenback's rise came largely against the euro, which fell as Ireland's parliament began voting on a harsh austerity measure. Shedding a rise of more than 70 points, the Dow Jones Industrial Average (DJIA 11,359, -3.03, -0.03%) ended at 11,359.16, down 3.03 points. The S&P 500 (SPX 1,224, +0.63, +0.05%) finished fractionally higher at 1,223.75, while the Nasdaq Composite (COMP 2,598, +3.57, +0.14%) gained 3.57 points to 2,598.49.

Tuesday's Closing Dow Numbers:

At&T T $28.54 +0.24 0.85% 24,716,987 NYSE: No mentions found.

Alcoa AA $14.15 -0.085 0.6% 31,894,390 NYSE: No mentions found.

Amex AXP $44.78 -0.22 0.49% 9,582,759 NYSE: No mentions found.

Bank of Am BAC $11.57 -0.07 0.6% 213,321,222 NYSE: WSJ pC18 "BofA settles muni bid rig probe" by Dan Fitzpatrick, NYT pB10 "BofA settles complaint on muni bonds" by Ed Wyatt, USA Today p2B "BofA to pay $137 mil to settle cases" by Bloomberg say Bank of America agreed to pay $137 mil to fed & state authorities for muni bid rigging practices in the late 90's & 2000s.

Boeing BA $66.23 -0.36 0.54% 4,699,192 NYSE: No mentions found.

Caterpillar CAT $90.35 +1.15 1.29% 11,214,742 NYSE: WSJ pC6 "Dow nears a 2 year high, then stumbles" by Donna Yesalavich says concerns about how Ireland's economy will handle steep austerity measures weighed on US stocks, throwing cold water on the market's enthusiasm over an agreement to extend the Bush era tax cuts. Leading the decline was 3M after it forecast organic sales growth for '11 slightly below its long term goal. But GE climbed 33 cents, Chevron added $1.35 & Caterpillar was up $1.15.

Chevron CVX $86.3 +1.35 1.59% 12,479,509 NYSE: WSJ pC6 "Dow nears a 2 year high, then stumbles" by Donna Yesalavich says concerns about how Ireland's economy will handle steep austerity measures weighed on US stocks, throwing cold water on the market's enthusiasm over an agreement to extend the Bush era tax cuts. Leading the decline was 3M after it forecast organic sales growth for '11 slightly below its long term goal. But GE climbed 33 cents, Chevron added $1.35 & Caterpillar was up $1.15.

CSCO $19.39 -0.0375 0.19% 74,689,433 NASDAQ-GS: No mentions found.

Coke KO $64.14 +0.15 0.23% 9,800,995 NYSE: No mentions found.

Disney DIS $37.33 -0.23 0.61% 7,981,317 NYSE: No mentions found.

DuPont DD $48.96 +0.03 0.06% 8,064,296 NYSE: No mentions found.

Exxon XOM $71.46 +0.15 0.21% 23,540,727 NYSE: No mentions found.

GE $17.03 +0.33 1.98% 95,406,250 NYSE: WSJ pB3 "GE Capital sees resuming payout" by Bob Sechler says GE Capital will resume paying a dividend to its parent in '12.

WSJ pC6 "Dow nears a 2 year high, then stumbles" by Donna Yesalavich says concerns about how Ireland's economy will handle steep austerity measures weighed on US stocks, throwing cold water on the market's enthusiasm over an agreement to extend the Bush era tax cuts. Leading the decline was 3M after it forecast organic sales growth for '11 slightly below its long term goal. But GE climbed 33 cents, Chevron added $1.35 & Caterpillar was up $1.15.

Fin Times p26 "Citigroup climbs after Treasury sells off remaining stake" by Hannah Kuchler says US stocks pared their gains late in the session after ralling for most of the day on the back of the extension of the Bush era tax cuts. GE gained 2% after it said it expects GE Capital to earn at least $3 bil this year and for GE Capital's earnings to grow in '11 and '112 as the loss rate on bad debts declines and that it will resume paying a dividend to its parent in '12.

Hewlett-Packard HPQ $42.19 -0.66 1.54% 21,621,041 NYSE: No mentions found.

Home Depot HD $33.55 +0.21 0.63% 12,391,851 NYSE: WSJ pB6a "Home Depot, Penske test truck leases" by maxwell Murphy says Home Depot and Penske are in the early stages of a pilot program to rent Penske's large moving trucks at 4 Home Depot stores in the Richmond, Va. area.

Intel INTC $21.58 -0.12 0.55% 45,453,684 NASDAQ-GS: No mentions found.

IBM $144.02 -0.97 0.67% 4,799,548 NYSE: No mentions found.

JPMorgan JPM $39.25 -0.655 1.64% 39,680,032 NYSE: Fin Times p25 "Copper propeleld to al time high" by jack Farch says Copper prices surged to an all time high above $9,000 at on. JPMorgan and others are racing to launch physical copper ETFs in the US.

JNJ $62.31 +0.11 0.18% 9,422,579 NYSE: WSJ pC5 is a half page tombstone notice of offer to purchse shares of Crucell N.V. by a subsidiary of Johnson & Johnson.

KFT $30.64 +0.35 1.16% 8,935,604 NYSE: Fin Times p19 "Hershey targets UK & Europe" by Jonathan Birchall says Kraft's $19.6 bil takeover of Cadbury and Mars' $23 bil merger with Wrigleyin '08 las left Hershey increasingly dwarfed by its global competitors so it will start selling Kisses and other candy in the UK & Europe.

MCD $80.34 +0.76 0.96% 7,701,782 NYSE: No mentions found.

MRK $35.37 +0.12 0.34% 18,055,087 NYSE: No mentions found.

MSFT $26.87 +0.03 0.11% 57,243,410 NASDAQ-GS: WSJ pB1 "Microsoft to ramp up browser privacy" by Nick Wingield, NYT pB6 "Microsoft, spurred by privacy concerns, introduces tracking protection to its browser" by Tanzina Vega, USA Today p1B "Microsoft browser offers privacy features" say Microsoft will revive a powerful privacy feature in Internet Explorer like the one it dropped from an earlier version due to concerns about alienating advertisers. The next version of is browser, Internet Explorer 9 will allow users to stop certain websites and tracking firms from gather info on them.

WSJ pB8 "Google targets laptops by AmirEfrati says Google demonstrated the first laptops running on its Chrome operating system a move that challenges Microsoft's lucrative Windows franchise.

Fin Times p17 "Kinect controller helps Xbox sales overtake flagging Wii" by Chris Nuttall says sales of Xbox console are overtaking the flagging Nintendo Wii, boosted by Microsoft's new motion sensing Kinect controller.

Pfizer PFE $16.77 -0.04 0.24% 61,465,070 NYSE: No mentions found.

PG $62.15 +0.09 0.15% 9,795,578 NYSE: No mentions found.

3M MMM $84.19 -2.69 3.1% 10,284,876 NYSE: WSJ pB4 "3M warns on outlook for sales" by james hagerty says #M said it may fall short of its long term sales growth next year but earnings will continue to rise, helped by strong economic growth in Asia & Latin America.

WSJ pC6 "Dow nears a 2 year high, then stumbles" by Donna Yesalavich says concerns about how Ireland's economy will handle steep austerity measures weighed on US stocks, throwing cold water on the market's enthusiasm over an agreement to extend the Bush era tax cuts. Leading the decline was 3M after it forecast organic sales growth for '11 slightly below its long term goal. But GE climbed 33 cents, Chevron added $1.35 & Caterpillar was up $1.15.

Travelers TRV $54.84 -0.18 0.33% 3,498,918 NYSE: No mentions found.

United Tech UTX $78.54 +0.13 0.17% 4,449,959 NYSE: No mentions found.

Verizon VZ $32.95 +0.06 0.18% 20,817,308 DualListed: WSJ pB5 "Verizon CEO sees 4G as cable rival" says CEO Ivan Seidenberg said its next generation wireless network could become a modest substitute for other home entertainment services such as trditional cable or Internet access.

Fin times p21 "Verizon hints at return to dividends" by Paul Taylor says Verizon Wirelss could resume dividend paments to its 2 parents in '12 per Verizon Comm's ceo Ivan Seidenberg.

WMT $55.09 +0.60 1.1% 15,716,720 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 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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [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.