1/14/11 Fri am Merck Stops Study; Intel's Results Strong

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Post No. 826 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 Dow 30 component's SEC filings as of January 10, 2011.

A read of the print editions of Friday's Wall St. Journal, Financial Times, Investor's Business Daily, 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 Thursday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,731.9 down 23.54 points or 0.2% from Wednesday's close of 11,755.44. For the year the Dow is up 1.33%. Of the 30 Dow Jones component companies 14 gained and 16 declined. The biggest gainer dollar-wise was Caterpillar CAT $94.14 +0.65 0.7% 4,538,229 NYSE and percentage-wise was Home Depot HD $35.27 +0.44 1.26% 10,699,773 NYSE. The biggest decliner dollar-wise was 3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE and percentage-wise was Merck MRK $34.69 -2.46 6.62% 74,285,133 NYSE.

WSJ pC6 "Merck declines 6.6%, dragging down DJIA" by Kristina Peterson says stocks fell for the 1st time in 3 days as materials shares sagged in the wake of disappointing economic data. Merck was the Dow's worst performer, accounting for 19 points of the Decline as it halted one of 2 major studies of its anticlotting drug vorapaxar and made significant changes to the other, throwing into doubt the future of one of the most important medicines in its product pipeline. Merck is charted under Bad News. Investors were waiting to see the results of Intel's 4Q earnings.

Fin Times p22 "marathon Oil burns brihtly afer announcing plans to demerge" by Michael Stothard says Marthon Oils demerger failed to lift the wider markets because of an unexpected rise in new jobless claims. The most significant loser on the S&P was Merck, after it discontinued one of its clinical studies. NOTE: This article refers to Merck as the German company but they are wrong.

Inv. Bus Daily pA1 "Stocks keep losses small, hold most of recent gains" by Paul Whitfield says stocks shrugged off disappointing news on jobless claims early Thurs and held on for a nearly flat session. The action was slightly down in mixed trade as the market is still in a confirmed uptrend.

USA Today p4B "Climbing jobless claims ding stock" and NYT pB9 "Jobless claims rise, bringing shares down" by Bloomberg say stock indexes were lower for the first time in 3 days as jobless claims climbed more than economists estimated & concern about a slowdown in Chinese demand dragged down commodity producers. Alcoa lost 49 cents following a decline in commodities prices after the World Bank said China may raise interest rates.

As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of Tuesday's Wall St. Journal was 0.132129493. The trailing P/E is 14.88 down from yesterday's 14.91 (year ago it was 18.28); the P/E estimate is 13.55 unchanged from yesterday's 13.55 (year ago it was 13.75), and the dividend yield is 2.45 up from yesterday's 2.44 (last year it was 2.55). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Thursday's Dow Jones Industrial Average closing numerator was 1,550.13 down 1.89 from Wednesday's closing numerator of 1,553.24. 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 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $51.67 down $0.10 from Wednesday's Dow Jones Industrial Average average closing price of $51.77. The median closing price of Thursday's Dow Jones Industrial Average was $45.36 (HPQ/AXP) up $0.04 from Wednesday's median closing price of $45.32. The lowest volume was 3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE and the highest volume was again Bank of America BAC $14.77 -0.22 1.47% 158,728,140 NYSE.

If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $311 ($155,324 - $155,013).

MarketWatch Thursday 1/13/11 5:11 by Kristina Peterson says U.S. stocks declined on Thursday, as materials shares lagged in the wake of disappointing economic data, but successful bond auctions in Spain and Italy helped shore up sentiment. The Dow Jones Industrial Average (DJIA 11,732, -23.54, -0.20%) closed down 11731.90 points, or 0.20%, at 11731.90. Merck (MRK 34.69, -2.46, -6.62%) was the measure’s worst performer, taking 19 points off the Dow. The drug maker sank 6.6% after its researchers halted one of two major studies of its experimental anticlotting drug vorapaxar and made significant changes to the other, throwing into doubt the future of one of the most important medicines in its product pipeline. A just-released WSJ survey of leading economists indicates they've turned more optimistic about the outlook for the recovery, despite the dismal housing market. The Nasdaq Composite (COMP 2,735, -2.04, -0.08%) edged down 2.04, or 0.07%, to 2735.29. The Standard & Poor’s 500-stock index (SPX 1,284, -2.20, -0.17%) fell 2.20, or 0.17%, to 1283.76.
Materials lagged as metals prices weakened following U.S. economic data that largely missed investors’ expectations. Alcoa (AA 15.75, -0.49, -3.02%) shed 3% and Newmont Mining (NEM 56.81, -0.98, -1.70%) fell 1.7%. Freeport-McMoRan Copper & Gold dropped 3.1% after unionized workers at copper mining company Sociedad Minera Cerro Verde SAA, which is controlled by Freeport-McMoRan (FCX 118.07, -3.77, -3.09%) , prepared to begin striking Friday. In U.S. economic data, the Labor Department reported that the number of workers filing for initial jobless claims unexpectedly increased by 35,000 to 445,000 in the week ended Jan. 8. Economists polled by MarketWatch had expected them to fall to a seasonally adjusted 405,000.
However, investors noted that this week’s data could have been impacted by the recent snowstorms. “Claims are going in the right direction, they just aren’t going fast enough,” said Jerry Harris, president of asset management at Sterne Agee.
Separately, U.S. producer prices jumped in December, rising a seasonally adjusted 1.1% in December from November. However, stripping out volatile food and energy items, producer prices increased 0.2%. Economists polled by Dow Jones Newswires were expecting a 0.8% increase in the overall figure. The core index of producer prices came in line with forecasts. The U.S. trade deficit unexpectedly narrowed for the third straight month in November, though the gap with China rebounded.
After the bell, Intel (INTC 21.80, +0.51, +2.40%) reported a 48% jump in fourth-quarter profit on demand for server processors. Successful auctions of euro-zone debt continued to calm some of investors’ worries over the precarious state of the region’s fiscal stability. The Spanish government sold 3 billion euros ($3.9 billion) in five-year bonds at yields below those in the secondary market, though its borrowing costs rose compared to a November auction. Italy also successfully conducted a bond sale. Both the Bank of England and the European Central Bank left benchmark interest rates unchanged. ECB president Jean-Claude Trichet said that the inflationary pressures in the euro area appeared to be short term. The dollar weakened against both the euro and the yen. The euro (USDEUR 0.7707, -0.0013, -0.1684%) hit a one-week high against the dollar, trading recently at $1.3354, up from $1.3133 late Wednesday in New York. The U.S. Dollar Index (DXY 79.18, -0.85, -1.07%) , which represents the currency against a basket of others, sank 1.1%.
Demand for Treasurys rose, pushing yield on the 10-year note down to 3.30%. Crude-oil prices (CLG11 91.01, -0.39, -0.43%) settled below $92 a barrel, while gold futures (GCG11 1,373, -14.40, -1.04%) declined. Among stocks in focus, Marathon Oil (MR 25.67, -1.01, -3.79%) rallied 6% after the company’s board approved advancing plans to spin off the company’s refining and sales operations. The split will see the creation of Marathon Petroleum Corp., expected to be the fifth largest U.S. refiner. Printed circuit board maker TTM Technologies (TTMI 17.75, +0.01, +0.06%) gained 21% after raising its fourth-quarter forecast, saying an increase in demand for its high technology products boosted its prospects.
Whole Foods Market (WFMI 52.25, -0.06, -0.12%) rose 4.6% after Jefferies reiterated a buy rating for the upscale grocer and boosted its price target to $60 from $47. Jefferies said its post-holiday checks were “quite strong.”

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

AT&T T $28.08 +0.04 0.14% 35,897,649 NYSE: WSJ pB3 "AT&T will record $2.7 bil charge" by Roger Cheng, WSJ pC8 "Share gains don't cure pension pain" by David Reilly, Fin Times p14 "AT&T to take non-cash charge" by Paul Taylor say AT&T's pension accounting changes will mean a $2.7 bil pretax charge to 4Q '10 results and adjust results for prior 2 years, lowering retained earnings by $17 bil. It will now book retirement benefit gains and losses in the year they occur, rather than smooth them over years.

Daily Report p6 "Verizon may not make great gains with iPhone" by Peter Svensson, AP says AT&T's 3 year head start, coupled with Apple's reluctanceto announce 4G pans, makes AT&T reasonably well-prepared for Verizon's iPhone onslaught.

Alcoa AA $15.75 -0.49 3.02% 69,049,561 NYSE: USA Today p4B "Climbing jobless claims ding stock" and NYT pB9 "Jobless claims rise, bringing shares down" by Bloomberg say stock indexes were lower for the first time in 3 days as jobless claims climbed more than economists estimated & concern about a slowdown in Chinese demand dragged down commodity producers. Alcoa lost 49 cents following a decline in commodities prices after the World Bank said China may raise interest rates.

Amex AXP $45.06 +0.06 0.13% 6,360,337 NYSE: No mentions found.

Bank of America BAC $14.77 -0.22 1.47% 158,728,140 NYSE: WSJ pC2 "BofA settles pension fund suit" by Chad Bray says Bank of America's Merrill Lynch and 2 former execs will pay $4.25 mil to settle a NY State pension fund suit over Merrill's role int he subprime mortgage crisis.

NYT Times pA1 "Banks are poised to pay dividends after 3 year gap" by Nelson Schwartz, Fin Times p13 "Big banks to reveal improved quarterly earnings" by Justin Baer say band dividends at JPMorgan are expected to increase from 20 cents per share per quarter to 63 cents and at Bank of America from 4 cents to 14 cents.

Boeing BA $69.83 -0.32 0.46% 4,028,557 NYSE: No mentions found.

Caterpillar CAT $94.14 +0.65 0.7% 4,538,229 NYSE: No mentions found.

Chevron CVX $92.18 -0.27 0.29% 5,720,356 NYSE: No mentions found.

CSCO $21.08 -0.04 0.19% 34,989,932 NASDAQ-GS: No mentions found.

Coke KO $63.4 +0.36 0.57% 8,970,439 NYSE: No mentions found.

Disney DIS $39.26 +0.09 0.23% 7,076,959 NYSE: WSJ pB4 "Hand wringing in Comcast NBC deal" by Amy Schatz says media firms are raising concerns tat gov conditions on Comcast's deal to get control of NBC Universal from GE could hurt them in future negotiations to shape the online video market due to a condition that would require Comcast to offer NBC programming to any online video service that has reached a similar deal for content from at least one of NBC's competitors, such as Disney or News Corp.

DuPont DD $49.39 +0.29 0.59% 5,405,313 NYSE: No mentions found.

Exxon XOM $76.71 +0.13 0.17% 20,435,845 NYSE: No mentions found.

GE $18.6 -0.07 0.37% 44,786,504 NYSE: WSJ pB4 "Hand wringing in Comcast NBC deal" by Amy Schatz says media firms are raising concerns tat gov conditions on Comcast's deal to get control of NBC Universal from GE could hurt them in future negotiations to shape the online video market due to a condition that would require Comcast to offer NBC programming to any online video service that has reached a similar deal for content from at least one of NBC's competitors, such as Disney or News Corp.

Inv. Bus. Daily pA2 GE bids $520 mil for Lineage" says the deal would let GE tap the power market for data centers and telecom gear as Lineage Powers makes gear that converts elec power back and forth from AC to DC.

Hewlett-Packard HPQ $45.65 +0.01 0.02% 13,114,095 NYSE: No mentions found.

Home Depot HD $35.27 +0.44 1.26% 10,699,773 NYSE: No mentions found.

Intel INTC $21.29 -0.0125 0.06% 103,502,728 NASDAQ-GS: WSJ pB1 Business sales fuel Intel gains" by Don Clark, Inv Bus Daily pA1 "Inel's server chips power Q4 results, as EPS jumps 48%" by Patrick Seitz, NYT pB5 "Inel reports record profit and exudes confidence" by Laurie Flynn say Intel had its best quarterly and yearly results ever, despite evidence that demand for Apple's Ipad and similar devices is undercutting sales for PCs that use Intel chips. It had profits of $3.39 bil or 59 cents a share on rev of $11.46 bil.

WSJ pC6 "Merck declines 6.6%, dragging down DJIA" by Kristina Peterson says stocks fell for the 1st time in 3 days as materials shares sagged in the wake of disappointing economic data. Merck was the Dow's worst performer, accounting for 19 points of the Decline as it halted one of 2 major studies of its anticlotting drug vorapaxar and made significant changes to the other, throwing into doubt the future of one of the most important medicines in its product pipeline. Merck is charted under Bad News. Investors were waiting to see the results of Intel's 4Q earnings.

IBM $148.82 -0.28 0.19% 3,442,914 NYSE: Inv. Bus. Daily pA4 IBM machine no buzz kill on Jeopardy" by AP says IBM has made a computer named Watson that is in practice rounds to play Jeopardy!, the tv game show.

JPMorgan JPM $44.45 -0.26 0.58% 42,063,250 NYSE: WSJ pC1 "From JPMorgan, small steps will do" by David Reilly says JPMorgan releases 4Q results today which are expected to show a 34% rise in eps to 99 cents.

Fin Times p13 "Big banks to reveal improved quarterly earnings" by Justin Baer says band dividends at JPMorgan are expected to increase from 20 cents per share per quarter to 63 cents and at Bank of America from 4 cents to 14 cents.

Johnson & Johnson JNJ $62.91 +0.41 0.66% 9,466,072 NYSE: WSJ pB4 FDA restricts use of Acetaminophen" says the FDA is restricting the amount of acetaminophen in prescription painkillers such as Vicodin & Percocet due to concerns that of liver damage. Acetaminophen is used in JNJ's Extra Strength Tylenol and also NyQuil.

KFT $31.44 -0.06 0.19% 6,646,924 NYSE: No mentions found.

McDonald's MCD $72.67 -0.93 1.26% 14,505,854 NYSE: WSJ pB8 "Starbucks brews coffee plan for India" by Paul Beckett says McDonald's has 208 restaurants in India and will open 40 more this year.

Merck MRK $34.69 -2.46 6.62% 74,285,133 NYSE: WSJ pB3 "merck halts trial of key heart drug" by Ron Winslow, WSJ pC6 "Merck declines 6.6%, dragging down DJIA" by Kristina Peterson, Inv Bus Daily "merck halts heart drug study" say stocks fell for the 1st time in 3 days as materials shares sagged in the wake of disappointing economic data. Merck was the Dow's worst performer, accounting for 19 points of the Decline as it halted one of 2 major studies of its anticlotting drug vorapaxar and made significant changes to the other, throwing into doubt the future of one of the most important medicines in its product pipeline. Merck is charted under Bad News.

Fin Times p22 "Marathon Oil burns brihtly afer announcing plans to demerge" by Michael Stothard says Marthon Oils demerger failed to lift the wider markets because of an unexpected rise in new jobless claims. The most significant loser on the S&P was Merck, after it discontinued one of its clinical studies. NOTE: This article refers to Merck as the German company but they are wrong.

Microsoft MSFT $28.19 -0.36 1.26% 66,971,924 NASDAQ-GS: WSJ pB5 "Digits Insights" by Jennifer Valentino-DeVries says Microsoft late last year said it would revive a privacy feature in Internet Explorer similar to one it dropped from an earlier version of the browser because of concerns about alienating advertisers.

Pfizer PFE $18.22 -0.15 0.82% 45,896,316 NYSE: No mentions found.

Procter & Gam PG $65.48 +0.51 0.78% 9,890,810 NYSE: No mentions found.

3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE: No mentions found.

TRV $54.67 +0.08 0.15% 3,332,756 NYSE: No mentions found.

United Tech UTX $79.5 +0.07 0.09% 2,692,921 NYSE: No mentions found.

Verizon VZ $35.8 +0.33 0.93% 23,885,186 DualListed:
Daily Report p6 "Verizon may not make great gains with iPhone" by Peter Svensson, AP says AT&T's 3 year head start, coupled with Apple's reluctanceto announce 4G pans, makes AT&T reasonably well-prepared for Verizon's iPhone onslaught.

Fin Times p17 "Vodafone's disposal strategy pays off" by Andrew Parker says Vodafone's CEO Vittorio Colaois doing a better job and has been holding talks with Verizon Communications that controls the jv that is Verizon Wireless with Vodafone.

Walmart WMT $54.79 -0.06 0.11% 12,863,056 NYSE: WSJ pB1 "Target is going abroad to Canada" by Ann Zimmerman says Target is a latecomer to Canada as rivals, Walmart and Sears have been there for years.

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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 1/10/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $378.5 [5]
2. Microsoft MSFT 241 [8.5]
3. GE 198 [10.5]
4. WalMart WMT 191.5 [3.5]
5. IBM 183.5 [1]
6. Procter & Gamble PG 182.5 [3]
7. Chevron CVX 182 [2]
8. Johnson & Johnson JNJ 171 [3]
9. JPMorgan Chase JPM 169.5 [4]
10. AT&T T 167.5 [6]
11. Coke KO 146 [2.5]
12. Pfizer PFE 146 [8]
13. Bank of America BAC 145 [10]
14. Intel INTC 115.5 [5.5]
15. Cisco CSCO 115.5 [5.5]
16. Merck MRK 115 [3]
17. Verizon VZ 107 [3]
18. Hewlett-Packard HPQ 98 [2]
19. McDonald's MCD 78 [1]
20. Disney DIS 74.5 [2]
21. United Technologies UTX 72.5 [1]
22. 3M MMM 62 [.5]
23. Caterpillar CAT 59.5 [.5]
24. Home Depot 56.5 [1.5]
25. Kraft KFT 54.5 [2]
26. American Express AXP 53.5 [1]
27. Boeing BA 51 [1]
28. DuPont DD 44.5 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 17 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 1/10/11:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 12/21/11 8K re: borrowing up to $8 bil
12/20/11 8K re: purchase of spectrum licenses from Walcomm
12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

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

American Express AXP: 12/16/11 8K re acquisition of Loyalty Partner, a marketing firm active in Germany, Poland & India
12/15/11 8K re; delinquency & write-off statistics through 10/31/10
11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 1/3/11 8K re: Agreement with Freddie Mac & Fannie Mae to repurchase $3 bil of loan to settle Countrywide dispute
11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/16/10 8K re: Nov. dealer statistics
12/14/10 8K re: changes to By-laws re: holding of Board meetings
12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 12/17/10 8K re: pre-arranged exec stock trading plan
11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/15/10 8K re: expiration of tender offer for notes
12/15 & 12/9/10 8Ks re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 12/14/10 8K re: issuance of $5 bil of Noes
11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 12/16/10 8K re: departure of Director Sir William M. Castell
11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/15/10 10K
12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Apotheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 1/4/11 8K re: amendment of By-laws to decrease directors to 12
12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignation of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 12/13/10 8K re: termination of Replacement capital Covenants
10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT: 12/28/10 8K re: expiration & results of tender offer for notes
12/22/10 8K re: adoption of long term exec comp. program
212/13/10 28Ks re: status of tender offerfor notes
12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/20/10 8K re: departure and settlement re: Denis Hennequin as Pres. of MCD Europe
12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notes due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staying as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/17/10 8K re: proposed settlement of shareholder derivative lawsuit in US Dist. Ct. SDNY
12/16/10 8K re: election of George A. Lorch as non-Exec Chair
12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 12/14/10 8K re: election of Susan Desmond-Hellmann, 53, Chancellor of U of Cal. SF to Board
11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/29/10 8K re: updated fin'l info re: divestiture of properties as a result of acquisition of Alltel Corp. in Jan '09
12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05