1/22/11 Sat OBama Taps GE's Immelt to head New Advisory Council; GE Profit up 51%; BofA Has Qtr Loss

www.DowJonesMonitor.com

The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.

Post No. 839 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 Monday's Barron's, Saturday/Sunday's combined Wall St. Journal & Financial Times and Sat's 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 Friday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 11,871.84 up 49.04 points or 0.41% from Thursday's close of 11,825.29. For the week the Dow was up 84.48 or 0.72% from last Friday's close of 11,787.38. For the year the Dow is up 2.54%. Of the 30 Dow Jones component companies 18 gained and 12 declined. The biggest gainer dollar-wise and percentage-wise was GE $19.74 +1.31 7.11% 228,156,869 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $92.75 -0.86 0.92% 6,167,864 NYSE and percentage-wise was Bank of America BAC $14.25 -0.29 1.99% 291,101,037 NYSE.

WSJ pB5 "GE, industrials lift the Dow" by Brendan Conway say USs blue chip stocks ended higher as encouraging earnings from GE boosted induustrial stocks, overshadowing a handful of disappointing corporate reports. GE is charated as its shares hit a 52 week high after quarterly jumped 51% which outweighed a loss from Bank of America, the latest bank with disappointing results which is also charted. GE led the Dow on Fri as the stock's gains added nearly $14 bil to its market cap. GE's rev also beat Wall St's estimates with a pickup in orders for big ticket equipment and services. Bank of America fell 2% after a surprise 4Q loss, weighted upon by charges from preannounced settlements and writedowns related to mortgage problems.

Sat NYT pB7 "A session, like the week, ends mixed on Wall St." by Reuters says the Dow and athe S&P 500 rose Fri, lifted bys trong earnings from GE and ending a 2 day losing skid for the indexes.

Fin Times p16 "GE results send a positive spark through industrials" by Michael Stothrad says strong results from GE lifted sentiment on Wall St, providing a boost at the end of an uneven week. GE is charted and is described as the largest US industrial group.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B6 of Saturday's Wall St. Journal is 0.132129493. The trailing P/E is 14.82 down from Friday's 14.84 (year ago it was 16.92); the P/E estimate is 12.59 down from Friday's 12.35 (year ago it was 13.30), and the dividend yield is 2.42 down from Friday's 2.43 (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.

Friday's Dow Jones Industrial Average closing numerator was 1,568.19 up 6.05 from Thursday's closing numerator of 1,562.14. 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 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $52.29 up $0.22 from Thursday's Dow Jones Industrial Average average closing price of $52.07. The median closing price of Friday's Dow Jones Industrial Average was $46.61 (HPQ/AXP) up $0.58 from Thursday's median closing price of $46.03. The lowest volume was 3M MMM $89.29 +1.25 1.42% 3,906,556 NYSE and the highest volume was again Bank of America BAC $14.25 -0.29 1.99% 291,101,037 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 $648 ($156,862 - $156,214).

MarketWatch Friday 1/21/11 4:56 by Kristina Peterson says US blue chip stocks climbed Friday as encouraging earnings from General Electric boosted industrial stocks, overshadowing disappointing corporate reports from Bank of America Corp. and some others. The Dow Jones Industrial Average (DJIA 11,872, +48.96, +0.41%) rose 49 points, or 0.4%, to 11,872. GE (GE 19.73, -0.01, -0.05%) led the measure, soaring 7.1% for its best day since March 2009, after the conglomerate’s fourth-quarter profit jumped 51% and revenue also beat Wall Street’s estimates with a pickup in orders for big-ticket equipment and services. The Nasdaq Composite (COMP 2,690, -14.75, -0.55%) fell 14.75, or 0.6% to 2,689.54. The Standard & Poor’s 500-stock index (SPX 1,283, +3.09, +0.24%) rose 3.09, or 0.24%, to 1,283.35, led by the industrial sector. For the week, the Dow ended up 0.7%, its eighth straight week of gains. The S&P 500 lost 0.8%, breaking a seven-week win streak. The Nasdaq Composite dropped 2.4%, its first down week in three. A round of largely encouraging earnings reports late Thursday and early Friday boosted market sentiment. “GE’s earnings were phenomenal,” said Dick Del Bello, senior partner at Conifer Group, especially given the breadth of the company’s business, which showed improvement across the board, he noted. “The industrials are where we have a chance for jobs and manufacturing in the U.S.,” he said, so “GE earnings in particular have a very positive effect not only on the market, but also on people’s outlook for the economy.” Even a small group of earnings disappointments were not enough to undermine the market’s earnings-induced giddiness. Bank of America shares (BAC 14.26, +0.01, +0.07%) fell 2% after a surprise fourth-quarter loss, weighed upon by charges from pre-announced settlements and write-downs related to mortgage problems. Hewlett-Packard Co. announced Thursday that four members of its board are stepping down and the company named five new directors. But other banks’ shares rose. “Nobody who’s paying attention would expect the old Countrywide portion of Bank of America to have any positive information to present, and that’s where the problems really are,” Jamie Cox, managing partner of Harris Financial Group, said.
Regional banks led the S&P 500’s financial stocks higher. SunTrust Banks Inc. (STI 29.55, +0.05, +0.15%) surged 5.9% after the company swung to a fourth-quarter profit, thanks to sharply lower loan-loss provisions, and earnings and revenue beat analysts’ forecasts. Shares of BB&T Corp. (BBT 28.31, -0.08, -0.28%) , focused on the Mid-Atlantic and Southeast, climbed 4.8% after its fourth-quarter earnings rose 12%, topping analysts’ estimates, as the company set aside less to cover credit losses. Technology stocks were weaker, led lower by Advanced Micro Devices Inc. (AMD 7.53, -0.01, -0.13%) , whose shares fell 6% after the semiconductor company reported flat revenue for the fourth quarter and declined to update its search for a new chief executive. Meanwhile, concerns over the euro zone’s health eased as German business sentiment soared to an all-time high, sending the euro to a two-month peak against the dollar. The dollar weakened against both the euro and the yen. The euro (EURUSD 1.3617, +0.0004, +0.0294%) was trading recently at $1.3613, up from $1.3475 late Thursday in New York. Demand for Treasurys rose, pushing yield on the 10-year note (UST10Y 3.41, -0.05, -1.36%) down to 3.41%. Crude-oil prices rose, as did gold futures. Among stocks in focus, Google Inc.’s (GOOG 611.85, +0.02, +0.00%) fourth-quarter earnings jumped 29% and beat estimates, but shares fell 2.4% following a surprise management reshuffle. The company said co-founder Larry Page would succeed Eric Schmidt as chief executive, with Schmidt assuming the role of chairman. Hewlett-Packard Co.(HPQ 47.54, +0.31, +0.65%) shares rose 1% after the company said late Thursday it was replacing four board members and adding a fifth, part of sweeping changes that come less than six months after the exit of former Chief Executive Mark Hurd. Among the new appointees was Meg Whitman, former CEO of eBay. Shares in Warner Music Group (WMG 6.01, +1.29, +27.33%) shares jumped 27% after The Wall Street Journal reported the company has enlisted Goldman Sachs to seek buyers for part or all of its business, citing people familiar with the matter. Hospira (HSP 55.39, +0.13, +0.24%), the sole maker of a drug that death-penalty states use to carry out executions, said it has decided to permanently halt production. Its shares fell 0.7%.

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

AT&T T $28.33 +0.10 0.35% 37,964,217 NYSE: Barron's p42 "Our gadget of the week" is is the Surround 7 smartphone made by HTC ($200 with a 2 year contract with AT&T) which runs on Microsoft's latest mobile operating system, features Dolby speakers that slide out for playing music without earbuds. Microsoft has created a distinct user interface, with large, bright icons, called "tiles".

Barron's p50 "Letter to editor entitled "Vierzon's Allure" is from Peter Thonis, Verizon's Chief Communications Officer is says unlike AT&T, Verizon has already launched a next generation wireless network, and has made investments to blanket the nation with long term evolution wireless broadband coverage over the next 2 years and, unlike AT&t, has limited exposure in traditional copper based wireline businesses.

Barron's p16 "Why MetroPCS can go still higher" by Christopher C. Williams says MetroPCS trades at an attractive valuation compared with slower growing peers such as sprint and AT&T although MetroPCS's penetration of the data market could be stymied by the richer Verizon Communications.

Fin times p12 "Verizon to report $600 m charge" by Paul Taylor says Verizon Comm will report a $600 mil charge when the US telecom group reports its '10 full year results next week, reflecting a change in the way it accounts for pension benefits and the charge follows a similar move by AT&T.

Alcoa AA $15.79 -0.19 1.19% 27,918,133 NYSE:

American Express AXP $46 +0.73 1.61% 8,728,813 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

WSJ pB7 "Surprise" banks ease card fees" by jessic Silver-Greenberg says over the past year, Bank of America and other banks have stopped penalty interest rates on borrowers who are late with their credit card payments. In the past 2 months American Express and Citigroup said they are killing foreign transaction fees on some of their cards.

Bank of America BAC $14.25 -0.29 1.99% 291,101,037 NYSE: Barron's p14 "Last week review" says Bank of America's 4Q loss widened from a year earlier. GE posted stronger than expected profit growth, as did IBM. Pres. Obama named Jeffrey Imelt, CEO of Ge, to head his outside panel of economic advisers, replacing Paul Vocker and gE got clearance to sell its NBC Universal stake to Comcast. Hewlett-Packard responding to criticism of its handling of ex-ECO mark Hurd's departure shook up its board and named former eBay chief Meg Whitman among others and plans to look into Hurd's departure.

Barron's p19 "Beware the buyback craze" by Lawrence C. Strauss says many firms have ramped up purchases of their own stock, a move widely applauded by investors. But not all firms, and not all investors, will come out ahead as firms often announce buybacks in bullish periods, when they are flush with cash. A chart is listed that has 6 firms, all but one Dow components, buying back shares but the stock prices did not rise: Microsoft, GE, Merck, Bank of America and IBM.

WSJ pB1 "Tough '10 puts BofA at rear of bank pack" by Dan Fitzpatrick, Fin times p11 "BofA cleans up issues from crisis" by Justin Baer, Sat. NYT pB3 "Mortgage woes at core of Bank of America's $2.2 Bil loss for '10" by Nelson D. Schwartz, WSJ p18 "BofA tones down mortgage fight" by David Reilly say BofA lost $2.24 bil for the year or 37 cents a share, as gradual improvements in its core banking biz were offset by charges linked to its disastrous '08 buyout of Countrywide Financial. The bank set aside $4.1 bil in the last quarter to settle claims by investors who hold soured mortgage securities, $3 bil of which was for claims by Fannie Mae & Frieddie Mac. Total sales and trading rev for BofA dropped to $2.6 bil in 4Q from $4.5 bil in 3Q. BofA's report Fri capped a series of earnings announcements by the nation's biggest bank but it stands in sharp contrast to the profits recorded by Citigroup, JPMorgan and Wells Fargo.

WSJ pB5 "GE, industrials lift the Dow" by Brendan Conway say USs blue chip stocks ended higher as encouraging earnings from GE boosted induustrial stocks, overshadowing a handful of disappointing corporate reports. GE is charated as its shares hit a 52 week high after quarterly jumped 51% which outweighed a loss from Bank of America, the latest bank with disappointing results which is also charted. GE led the Dow on Fri as the stock's gains added nearly $14 bil to its market cap. GE's rev also beat Wall St's estimates with a pickup in orders for big ticket equipment and services. Bank of America fell 2% after a surprise 4Q loss, weighted upon by charges from preannounced settlements and writedowns related to mortgage problems.

Boeing BA $71.68 +0.56 0.79% 4,435,899 NYSE:

Caterpillar CAT $92.75 -0.86 0.92% 6,167,864 NYSE: Barron's p44 "This Cat's still purring" by Bob O'Brien says Caterpllar was the Dow's top performer in 2010 going from 58 to 94. Caterpillar has defied conventional widow in early '11, its unchanged, just a little below the Dow's 2% rise. Some analysts are projecting a 15% rise for the year.

Chevron CVX $93.78 +1.07 1.15% 7,403,276 NYSE:

CSCO $20.725 -0.045 0.22% 39,983,652 NASDAQ-GS:

Coke KO $62.77 -0.16 0.25% 8,331,017 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

Disney DIS $39.74 +0.57 1.46% 10,909,392 NYSE:

DuPont DD $48.35 +0.23 0.48% 6,137,158 NYSE:

Exxon XOM $78.98 +1.23 1.58% 25,049,833 NYSE:

GE $19.74 +1.31 7.11% 228,156,869 NYSE: Barron's p14 "Last week review" says Bank of America's 4Q loss widened from a year earlier. GE posted stronger than expected profit growth, as did IBM. Pres. Obama named Jeffrey Imelt, CEO of Ge, to head his outside panel of economic advisers, replacing Paul Vocker and gE got clearance to sell its NBC Universal stake to Comcast. Hewlett-Packard responding to criticism of its handling of ex-ECO mark Hurd's departure shook up its board and named former eBay chief Meg Whitman among others and plans to look into Hurd's departure.

Barron's p19 "Beware the buyback craze" by Lawrence C. Strauss says many firms have ramped up purchases of their own stock, a move widely applauded by investors. But not all firms, and not all investors, will come out ahead as firms often announce buybacks in bullish periods, when they are flush with cash. A chart is listed that has 6 firms, all but one Dow components, buying back shares but the stock prices did not rise: Microsoft, GE, Merck, Bank of America and IBM.

Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

Barron's pM2 charts GE saying its 4Q earnings jumped 51% and its CEO said profit gains should continue in '11 and '12.

Fin Times p18 "Ge", WSJ pB3 "GE profit rises as sales gains return" by Bob Sechler, Fin times p12 "GE cites improving economy as profits rise", Sat NYT pB3 GE profit rises 51%, topping forecasts" by Christine Hauser say 4Q income rose 51% TO $4.5 Bbil OR 42 cents a share, from $3 Bil or 28 cents a share a year earlier. Earnings from continuing operations were $3.9 BIL OR 36 cents a sahre, compared with $3 bil in the quarter a year ago. The results topped analysts' forecasts of 32 cents a sahre. Net income for the year was $11 bi, comapred with $11 bil in '09. Rev rose 1% to $41.4 bil in 4Q, exceeding analysts' estimate rev of $38.9 bil. For the year, rev was $150.2 bil, compared with $155.3 bil in '09.

Fin Times 1 "Obama gvies GE chief key jobs role" by Richard McGregor, Fin Times p4 "Interview with Jeff Immelt" by Ed Crooks Sat NYT pA1 "Obama names GE Chairman to fiscal panel" by Sheryl Stolberg say Pres. Obama, sending another strong signal that he intends to make the White House more business friendly, named GE's CEO Jeffrey Immelt as his chief outside economic adviser, continuing his efforts to show more focus on job creation and reclaim the political center.

WSJ pB5 "GE, industrials lift the Dow" by Brendan Conway say USs blue chip stocks ended higher as encouraging earnings from GE boosted induustrial stocks, overshadowing a handful of disappointing corporate reports. GE is charated as its shares hit a 52 week high after quarterly jumped 51% which outweighed a loss from Bank of America, the latest bank with disappointing results which is also charted. GE led the Dow on Fri as the stock's gains added nearly $14 bil to its market cap. GE's rev also beat Wall St's estimates with a pickup in orders for big ticket equipment and services. Bank of America fell 2% after a surprise 4Q loss, weighted upon by charges from preannounced settlements and writedowns related to mortgage problems.

Hewlett-Packard HPQ $47.23 +0.45 0.96% 29,559,609 NYSE: Barron's p14 "Last week review" says Bank of America's 4Q loss widened from a year earlier. GE posted stronger than expected profit growth, as did IBM. Pres. Obama named Jeffrey Imelt, CEO of Ge, to head his outside panel of economic advisers, replacing Paul Vocker and gE got clearance to sell its NBC Universal stake to Comcast. Hewlett-Packard responding to criticism of its handling of ex-ECO mark Hurd's departure shook up its board and named former eBay chief Meg Whitman among others and plans to look into Hurd's departure.

Fin Times p11 "Triple reshuffle at the heart of Silicon Valley" by Richard Waters, WSJ pB5 "Today's markets" by Brendan Conway say Hewlett-Packard rose1% after it said it was replacing 4 board members and adding a fifth.

Home Depot HD $36.51 +0.02 0.05% 11,865,781 NYSE:

Intel INTC $20.82 -0.13 0.62% 63,407,121 NASDAQ-GS: Barron's pM7 "Ignore the ARM waving" by Jonathan Buck says ARM has been upgraded by analysts since Microsoft earlier this month said the next release of its Windows operating system will be compatible with ARM's processors. Rival Intel isn't standing still. In '11, its is spending $9 bil on upgrading its manufacturing capacity in the US, including a new factory that will build chips for mobile devices, a clear challenge to ARM's position.

IBM $155.5 -0.30 0.19% 7,002,200 NYSE: Barron's p19 "Beware the buyback craze" by Lawrence C. Strauss says many firms have ramped up purchases of their own stock, a move widely applauded by investors. But not all firms, and not all investors, will come out ahead as firms often announce buybacks in bullish periods, when they are flush with cash. A chart is listed that has 6 firms, all but one Dow components, buying back shares but the stock prices did not rise: Microsoft, GE, Merck, Bank of America and IBM.

JPMorgan JPM $45.29 +0.54 1.21% 44,503,510 NYSE: Sat. NYT pB3 "Mortgage woes at core of Bank of America's $2.2 Bil loss for '10" by Nelson D. Schwartz says BofA lost $2.24 bil for the year or 37 cents a share, as gradual improvements in its core banking biz were offset by charges linked to its disastrous '08 buyout of Countrywide Financial. The bank set aside $4.1 bil in the last quarter to settle claims by investors who hold soured mortgage securities, $3 bil of which was for claims by Fannie Mae & Frieddie Mac. Total sales and trading rev for BofA dropped to $2.6 bil in 4Q from $4.5 bil in 3Q. BofA's report Fri capped a series of earnings announcements by the nation's biggest bank but it stands in sharp contrast to the profits recorded by Citigroup, JPMorgan and Wells Fargo.

Johnson & Johnson JNJ $62.66 -0.20 0.32% 12,684,168 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

Kraft KFT $31.35 +0.12 0.38% 10,541,466 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

McDonald's MCD $75.01 -0.15 0.2% 9,791,364 NYSE: Barron's p15 "Week preview" says on Monday 1/24, McDonald's reports results before the market opens.

Merck MRK $33.9 -0.15 0.44% 20,725,867 NYSE: Barron's p19 "Beware the buyback craze" by Lawrence C. Strauss says many firms have ramped up purchases of their own stock, a move widely applauded by investors. But not all firms, and not all investors, will come out ahead as firms often announce buybacks in bullish periods, when they are flush with cash. A chart is listed that has 6 firms, all but one Dow components, buying back shares but the stock prices did not rise: Microsoft, GE, Merck, Bank of America and IBM.

Microsoft MSFT $28.02 -0.3325 1.17% 57,950,722 NASDAQ-GS: Barron's p42 "Our gadget of the week" is is the Surround 7 smartphone made by HTC ($200 with a 2 year contract with AT&T) which runs on Microsoft's latest mobile operating system, features Dolby speakers that slide out for playing music without earbuds. Microsoft has created a distinct user interface, with large, birght icons, called "tiles".

Barron's p19 "Beware the buyback craze" by Lawrence C. Strauss says many firms have ramped up purchases of their own stock, a move widely applauded by investors. But not all firms, and not all investors, will come out ahead as firms often announce buybacks in bullish periods, when they are flush with cash. A chart is listed that has 6 firms, all but one Dow components, buying back shares but the stock prices did not rise: Microsoft, GE, Merck, Bank of America and IBM.

Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

Pfizer PFE $18.359 +0.119 0.65% 39,524,188 NYSE:

Procter & Gamble PG $65.91 +0.11 0.17% 9,535,791 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.

3M MMM $89.29 +1.25 1.42% 3,906,556 NYSE:

Travelers TRV $55 +0.12 0.22% 5,436,206 NYSE:

United Technologies UTX $80.2 +0.65 0.82% 4,606,072 NYSE:

Verizon VZ $34.95 +0.34 0.98% 23,989,216 Dual Listed: Barron's p50 "Letter to editor entitled "Vierzon's Allure" is from Peter Thonis, Verizon's Chief Communications Officer is says unlike AT&T, Verizon has already launched a next generation wireless network, and has made investments to blanket the nation with long term evolution wireless broadband coverage over the next 2 years and, unlike AT&t, has limited exposure in traditional copper based wireline businesses.

Barron's p16 "Why MetroPCS can go still higher" by Christopher C. Williams says MetroPCS trades at an attractive valuation compared with slower growing peers such as sprint and AT&T although MetroPCS's penetration of the data market could be stymied by the richer Verizon Communications.

Fin times p12 "Verizon to report $600 m charge" by Paul Taylor says Verizon Comm will report a $600 mil charge when the US telecom group reports its '10 full year results next week, reflecting a change in the way it accounts for pension benefits and the charge follows a similar move by AT&T.

Walmart WMT $55.73 -0.26 0.46% 12,932,690 NYSE: Barron's p27 "Mr. Moneybags" by Andew Bary says with cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year - maybe even pay a dividend. there is a list of Berkshire's top 8 equity holdings, 8 are Dow components: Coke, American Express, Procter & Gamble, Kraft, Johnson & Johnson and Walmart. Also owned is GE.
****************************
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
.