2/15/11 Tues am Chevron Loses Ecudador Suit; GE Looks to Sell GE SeaCo Unit for $2.5 bil & will buy John Wood Group for $2.8 bil

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Post No. 874 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 February 14, 2011.

A read of the print editions of Tuesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) (carries Bloomberg) 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 Monday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at 12,268.19 down 5.07 points or 0.04% from Friday's close of 12,273.26. For the year the Dow is up 6.19%. Of the 30 Dow Jones component companies 12 gained, Johnson & Johnson was unchanged and 17 declined. The biggest gainer dollar-wise and percentage-wise was ExxonMobil XOM $84.91 +2.09 2.52% 32,856,175 NYSE. The biggest decliner dollar-wise and percentage-wise was Walmart WMT $54.8 -0.89 1.6% 16,127,159 NYSE.

WSJ pC5 "brent's rise rallies Chevron, Exxon" by Kristina Peterson says on an otherwise quiet day in the stock market, energy stocks strengthened as Brent crude oil futures touched a 2 and 1/2 year high. Exxon rose $2.09 while Chevron gains 1.22 after ICE Brent crude for April delivery rose $2.14 a barrel or $103.08, its highest since 9/26/08. Walmart fell 89 cents after JPMorgan cut its rating. Verizon also was weak falling 49 cents.

Fin Times p24 "Energy sector gains from GE deal to buy UK well support biz" by Michael Stothard says GE's announcement that it was making an energy acquisition worth $2.8 bil by buying John Wood Group, the UK oil services firm, lifted oil services stocks and helped the wider markets rise to new 30 month high.

NYT pB9 "Shares gain after decline in China's trade surplus" by Bloombergy says stocks were mostly higher on Mon, sending the S&P 500 to an almost 32 month high, helped by optimism about Egypt's democratic transition plan & a decline in China's trade surplus. Walmart was cut to neutral from overweight at JPMorgan, which cited a lack of positive catalysts to move the stock higher and loss of market share in a number of consumer goods categories at the retailer, which reports earnings next week.

USA Today p4B "Walmart outlook drags Dow down" by David Randall, AP says Walmart pulled down the Dow after JPMorgan lowered its outlook for the firm.

As of the open of the market Tuesday, 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 15.02 down from Monday's 15.03 (year ago it was 16.36); the P/E estimate is 12.81 unchanged from Monday's 12.81 (year ago it was 12.85), and the dividend yield is 2.36 up from Monday's 2.35 (last year it was 2.70). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,620.99 down 1.67 from Friday's closing numerator of 1,621.66. 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 Monday's Dow Jones Industrial Average was $54.03 down $0.03 from Friday's Dow Jones Industrial Average average closing price of $54.06. The median closing price of Monday's Dow Jones Industrial Average was $47.43 (HPQ/JPM) down 0.27 from Friday's median closing price of $47.70. The lowest volume was United Technologies UTX $85.21 +0.01 0.01% 2,767,822 NYSE and the highest volume was again Bank of America BAC $14.89 +0.12 0.81% 110,827,187 NYSE.

If Monday 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 $67 ($162,166 - $162,099)

MarketWatch Monday 2/14/11 4:26 by Kristina Peterson says on an otherwise quiet day in the U.S. stock market, energy stocks strengthened as Brent crude-oil futures touched a two-year high. The Dow Jones Industrial Average closed down 5.07 points, or 0.04%, at 12268.19. Weighing on the measure, Wal-Mart Stores fell 1.6% after J.P. Morgan Chase cut the retailer's stock-investment rating to neutral from overweight, predicting that same-store sales deterioration could last for years, not quarters. Verizon Communications was also weak, down 1.3%. Keeping the Dow's losses in check, energy companies strengthened as concerns over whether political turmoil could spread in the Middle East sent Brent oil futures to a two-year high. Exxon Mobil rose 2.5%, while Chevron gained 1.3%. General Electric rose 0.8% after agreeing to buy the well-support division of U.K. firm John Wood Group for $2.8 billion in cash to bolster its oil and gas services business in areas like extracting natural gas from shale. The Nasdaq Composite added 7.74, or 0.28%, to 2817.18, its highest close since Nov. 6, 2007. The Standard & Poor's 500-stock index gained 3.17, or 0.24% to 1332.32, closing at its highest level since June 19, 2008. The S&P 500's gains were led by its energy and materials sectors. A bigger-than-expected surge of imports and exports in China last month lifted hopes that demand could rise for materials stocks. Mining company Cliffs Natural Resources rose 5.9%, while aluminum giant Alcoa gained 1.3%. In the aftermath of the regime change in Egypt and with no major economic data on the calendar Monday, strategists said there was little pushing the market in either direction. "Nothing is motivating investors to make radical shifts in their portfolios," said John Chisholm, chief investment officer at Acadian Asset Management.
Meanwhile, the euro dropped to a three-week low against the dollar as concerns over the health of German bank WestLB brought the fragility of the region's financial sector again to the forefront. Euro-zone leaders on Monday also failed to nail down any specifics about increasing the size or scope of Europe's bailout fund for debt-stressed states, helping to send the euro to $1.3482, down from $1.3547 late Friday in New York. Investors worried about the region's ability to regain its footing. "Problems which originate from debt take a long time to solve, as we are learning in our economy," said Lawrence Creatura, portfolio manager at Federated Investors. "Europe will be wrestling with similar headwinds for some time to come, as will we." Still, the Stoxx 600 Europe index closed up 0.4%. In Asia, the Nikkei Stock Average and Shanghai Composite reached new 2011 closing highs, boosted by the Chinese trade data. Among stocks in focus, Netflix rose 7.1% after the company became the only paid video service to be a top-10 video service on the Web by total number of streams and unique visitors, according to Nielsen. MGM Resorts International fell 3% after its fourth-quarter loss narrowed significantly from a year earlier, but the company's casino revenue declined and revenue per available room fell on the Las Vegas Strip. Motorola Mobility Holdings slid 5.5% after agreeing to buy a small company developing software to boost the security of mobile devices powered by the Android operating system and spur wider use by businesses, The Wall Street Journal reported, citing a person familiar with the matter. U.S.-listed shares of Nokia dropped 5.6%, extending its decline on Friday's announcement of a partnership with Microsoft. J.P. Morgan Cazenove downgraded Nokia to underweight from overweight, saying that "the degree to which the [Microsoft] deal is beneficial to Nokia is still unclear." On Monday, Nokia Chief Executive Stephen Elop said the company hopes to launch its first smartphone based on Microsoft's Windows Phone platform this year. Seahawk Drilling tumbled 41% after the company said late Friday it would file for bankruptcy protection and sell its assets to Hercules Offshore, whose shares rose 18%. Demand for U.S. Treasurys was mixed, with the two-year note slightly down and the 10-year note up, sending its yield down to 3.62%. Gold futures settled slightly higher.

Monday's Closing Dow Numbers & Tuesday's News:


AT&T T $28.46 -0.01 0.04% 22,358,088 NYSE: No mentions found.

Alcoa AA $17.59 +0.22 1.27% 23,040,003 NYSE: No mentions found.

Amex AXP $46.52 -0.23 0.49% 5,222,489 NYSE: No mentions found.

BofA BAC $14.89 +0.12 0.81% 110,827,187 NYSE: No mentions found.

Boeing BA $72.27 +0.13 0.18% 3,966,755 NYSE: No mentions found.

CAT $103.26 -0.28 0.27% 3,994,403 NYSE: No mentions found.

Chevron CVX $96.95 +0.50 0.52% 6,872,464 NYSE: WSJ pA1 "Chevron hit with record judgment" by Ben Casselman, USA Today p1B "Ecuador judge fines Chevron $8 bil" say the fine was for oil contamination in the northern jungle and Chevron will appeal.

CSCO $18.81 +0.11 0.59% 108,677,452 NASDAQ-GS: No mentions found.

Coke KO $63.14 -0.43 0.68% 5,999,755 NYSE: No mentions found.

DIS $43.24 -0.17 0.39% 7,434,609 NYSE: No mentions found.

DuPont DD $54.52 -0.06 0.11% 5,253,137 NYSE: No mentions found.

ExxonMobil XOM $84.91 +2.09 2.52% 32,856,175 NYSE: No mentions found.

GE $21.5 +0.17 0.8% 40,935,694 NYSE: Fin Times p13 "GE looks to offload container biz" by Jeremy Lemer says GE & a JV partner (SeaCo) are looking to sell GE SEACo container leasing biz for $2.5 bil as GE tries to reshuffle its portfolio & the pair try to capitalize on the ot market in the sector. GE SeaCo is 50% owned by GE's finance arm appointed Deutsche Bank to review its options in Oct and this year it took the first steps toward a sale process with a series of presentations to interested buyers.

Fin Times p18 "GE to pay $2.8 bn cashf or John Wood div" by Ed Crooks, Fin Times p24 "Energy sector gains from GE deal to buy UK well support biz" by Michael Stothard say GE's announcement that it was making an energy acquisition worth $2.8 bil by buying John Wood Group, the UK oil services firm, lifted oil services stocks and helped the wider markets rise to new 30 month high.

Hewlett-Packard HPQ $48.31 -0.33 0.68% 11,837,947 NYSE: No mentions found.

Home Dep HD $37.58 +0.10 0.27% 8,964,414 NYSE: No mentions found.

Intel INTC $21.57 -0.19 0.87% 44,862,951 NASDAQ-GS: No mentions found.

IBM $163.22 -0.63 0.38% 4,075,496 NYSE: No mentions found.

JPMorgan JPM $46.54 -0.03 0.06% 28,419,075 NYSE: WSJ pC10 "For ubble 2.0, security analysis 1.0" by Rolfe Winkler says JPMorgan is establishing its own fund to invest in hot Internet stocks but says if investors ignore old fashioned security analysis these stocks could blow up in their faces.

NYT pB9 "Shaes gain after decline in China's trade surplus" by Bloombergy says stocks were mostly higher on Mon, sending the S&P 500 to an almost 32 month high, helped by optimism about Egypt's democratic transition plan & a decline in China's trade surplus. Walmart was cut to neutral from overweight at JPMorgan, which cited a lack of positive catalysts to move the stock higher and loss of market share in a number of consumer goods categories at the retailer, which reports earnings next week.

USA Today p4B "Walmart outlook drags Dow down" by David Randall, AP says Walmart pulled down the Dow after JPMorgan lowered its outlook for the firm.

JNJ $60.7 unch unch 8,003,598 NYSE: No mentions found.

KFT $30.49 -0.17 0.55% 10,659,056 NYSE: No mentions found.

MCD $76.24 +0.10 0.13% 4,460,277 NYSE: No mentions found.

MRK $32.82 -0.25 0.76% 12,352,541 NYSE:

Microsoft MSFT $27.23 -0.02 0.07% 56,281,004 NASDAQ-GS: Fin Times p13 "Microsoft alliance puts 6,000 jobs at Nokia under threat, warns union" by Andrew Ward says Finland could lose 6,000 jobs as the world's biggest mobile phone maker tries to convince investors it has adapted the right strategy to catch up with Apple & Google in the smartphone market.

WSJ pB6 "Apple haunts rivals at Barcelona event", AJC pA9 "Microsoft to connect mobile phones, Xbox" by AP say Microsoft also plans other improvements that include a faster Web browser & quicker switching between phone apps.

Pfizer PFE $19.05 +0.2225 1.18% 35,554,030 NYSE: Fin Times p12 "The iagra a generation" says Pfizer blazed the trial 13 years ago for Viagra, Cialis and Levitra with its little blue pill (I assume that's Viagra" acheiving the fastest initial sales growth of any drug in history. Today the three drugs do over a $1 bil in annual sales.

Procter & Gamble PG $64.54 -0.19 0.29% 6,621,092 NYSE: No mentions found.

MMM $91.9 +0.10 0.11% 3,405,797 NYSE: No mentions found.

TRV $58.84 -0.15 0.25% 4,020,072 NYSE: No mentions found.

United Technologies UTX $85.21 +0.01 0.01% 2,767,822 NYSE: No mentions found.

Verizon VZ $35.9 -0.49 1.35% 17,611,469 DualListed: No mentions found.

Walmart WMT $54.8 -0.89 1.6% 16,127,159 NYSE: NYT pB9 "Shaes gain after decline in China's trade surplus" by Bloombergy says stocks were mostly higher on Mon, sending the S&P 500 to an almost 32 month high, helped by optimism about Egypt's democratic transition plan & a decline in China's trade surplus. Walmart was cut to neutral from overweight at JPMorgan, which cited a lack of positive catalysts to move the stock higher and loss of market share in a number of consumer goods categories at the retailer, which reports earnings next week.

USA Today p4B "Walmart outlook drags Dow down" by David Randall, AP says Walmart pulled down the Dow after JPMorgan lowered its outlook for the firm.

WSJ pB2 "Walmart's Massmart deal backed by S. Africa panel" by Devon Maylie says the S. African competition commission recommended approval of WMT's proposed $2.4 bil offer to buy controlling stake in Massmart even as labor unions plan to protest the deal in a final hearing.

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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 (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 2/14/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $428 [5]
2. Procter & Gamble PG 258.5 [4]
3. GE 229 [10.5]
4. Microsoft MSFT 233 [8.5]
5. IBM 203 [1]
6. WalMart WMT 195 [3.5]
7. Chevron CVX 195 [2]
8. JPMorgan Chase JPM 182 [4]
9. AT&T T 169 [6]
10. Johnson & Johnson JNJ 166.5 [3]
11. Pfizer PFE 152.5 [8]
12. Bank of America BAC 150 [10]
13. Coke KO 146.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Verizon VZ 106.5 [3]
16. Hewlett-Packard HPQ 105 [2]
17. Cisco CSCO 104 [5.5]
18. Merck MRK 101 [3]
19. Disney DIS 82 [2]
20. McDonald's MCD 80.5 [1]
21. United Technologies UTX 78.5 [1]
22. 3M MMM 65.5 [.5]
23. Caterpillar CAT 65.5 [.5]
24. Home Depot 61.5 [1.5]
25. American Express AXP 56 [1]
26. Kraft KFT 53 [2]
27. Boeing BA 53 [1]
28. DuPont DD 50 [1]
29. Travelers TRV 27 [.5]
30. Alcoa AA 18 [1]

Here are the latest 8K, 10Q & 10K & Proxy SEC filings as of 2/14/11:

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

AT&T T: 1/27/11 2 8Ks re: 4Q results
1/13/11 8K re: change of accounting for pension
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

Alcoa AA: 2/11/11 8K re: resignation of Carlos Ghosen, CEO of Nissan, from Board of Directors
2/3/11 8K re: FD disclosaure re: flat rolled growth opport'ties in Europe
1/25/11 & 1/21/11 8Ks re: contributions to pension plan
1/13/11 8K re: transcript of 4Q earnings call
1/11/11 8K re: 4Q results
12/8 8K Olivier Jarrault named Pres. Alcoa Engineered Products
11/30/11 8K re: pesonnel changes in management

American Express AXP: 1/18/11 8K re: comp to CEO Chanault
1/24/11 & 1/19/11 8K re 4Q results
1/18/11 8K re: write-off statistics for quarter ending 12/31/10
12/16/11 8K re acquisition of Loyalty Partner

Bank of Am BAC: 1/31/11 8K re: compensation of officers
1/21/11 8K re: 4Q & FY 2010 results
1/3/11 8K re: Agreement with Freddie Mac & Fannie Mae to repurchase $3 bil of loan to settle Countrywide dispute

Boeing BA: 2/9/11 10K & 1/26/11 8K re: 12/31/10 results & FY 2011 guidance
1/11/11 8K re: resignation of William M. Daley from Board to be Chief of Staff to Pres. Obama
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: 1/27/11 8K re 12/10 deale statistics
1/27/11 8K re: results for 4Q and FY ended 2010
1/21/11 8K re: stocholders approval of acquisition of Bu8cyrus Int'l Inc.
1/20/11 8K re: Justice Dept. request for Hart-Scott-Rodino iinfo re: Bucyrus purchase
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

Chevron CVX: 2/1 8K re: compensation to officers including CEO John Watson
1/28/11 & 1/11/11 8K re 4Q results

Cisco CSCO 2/9/11 8K 2Q results
1/31/11 8K re: agreement re: issuance of $3 bil of commercial paper
12/17/10 8K re: pre-arranged exec stock trading plan

Coke KO 2/9/11 8K re: results for 4Q and FY 2010
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

Disney DIS 2/8/11 10Q & 2/8/11 8K re: 1Q results
1/28/11 Proxy statement for annual sahreholder meeting to be held 3/23/11 at Salt Lake City, Utah
12/14/10 8K re: issuance of $5 bil of Notes
11/24/10 10K for year ending 10/2/10

DuPont DD: 2/8/11 10K re FY 12/31/10
1/27/11 8K re: compensation for CEO Ellen Kullman
1/25/11 8K re: results for quarter ended 12/31/10
1/12/11 8K re: acquisition of Danish firm, Danisco
12/10 8K re: retirement of Jeffrey L. Keefer as EVP

ExxonMobil XOM: 1/31/11 8K re: 4Q and FY 2010 results
11/30/10 8K re: revisions to officers' compensation plan

GE: 2/14/11 8K re: amendments to bylaws re: calling of special meetings of shareholders
1/31/11 8K re: closing of Comcast deal giving it control of NBC Universal
1/21/11 8K re: 4Q and FY '10 results
12/16/10 8K re: departure of Director Sir William M. Castell

Hewlett-Packard HPQ: 2/1/11 Proxy statement re: 3/23/11 shareholders meeting
1/20/11 8K re: election of 5 new members to Board of Directors
12/15/11 10K re: FY 10/31/10
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: 1/12/11 8K re: promotion of Aaron Carmack as Pres. of Home Depot Canada
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: 1/31/11 8K re: 4Q results & 2011 guidance
1/26/11 8K re: amendment to stock option plan
1/24/11 8K re: dividend and shre repurchase program (increase)
1/14/11 & 1/13/11 8Ks re: results of quarter ended 12/25/11 & 2011 guidance
1/10/11 8K re: patent agreement with NVIDIA Corp.
11/12/10 8K re: 15% increase of quarterly cash dividend

IBM: 1/28/11 8K re: compensation to officers including CEO Sam Palmisano
1/27/11 8K re: bylaw amendment re: holding of stockholder meetings
1/19/11 & 1/18/11 8K re: 4Q results and 12/31/10 FY
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

JPMorganChase JPM: 1/14/11 2 8Ks re: 4Q results
12/29/10 8K re: results of tender offer for 5.8% securities
12/22/11 8K re: purchase of 25 Bank St in Canary Wharf as London Investment banking headquarters
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

Johnson & Johnson JNJ : 1/25/11 8K re: 4Q results ending 1/2/11

Kraft KFT: 2/10/11 8K re: 4Q & FY 2010 results
1/31/11 8K re: status of lawsuit with Starbucks
1/24/11 8K re: amendment to articles of incorproation to eliminate Class B common Stock and amendment to bylaws re: shareholder meetings
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

McDonalds MCD: 2/8/11 8K re: Jan 2011 global sales
2.7/11 8K re: election to the Board of Donald Thompson, Pres. & CEO
1/24/11 8K re: 4Q & FY 2010 results
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

Merck MRK: 2/3/11 8K re: 4Q results
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

Microsoft MSFT: 2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016
1/27/11 10 & 1/27/11 8K for quarter ended 12/31/10
11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 2/1/11 8K re: 4Q results & reduction of research & development facilities
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: 2/11/11 8K re: election of Meg Whitman to Baord of Directors
2/1/11 8K re: retirement of Blboal Health Vice-Chair Robert A. Steele
1/28/11 10Q & 1/27/11 8K re: 2Q results
1/11/11 8K re: quarterly dividend of $0.4818 per share
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

3M MMM: 1/25/11 8K re: 4Q results & FY 2011 guidance
12/7/10 8K 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: 1/28/11 8K re: departure of Blythe McGarvie from Board
1/25/11 8K results of 4Q
11/10/10 8K re: completion of tender offer for 6.25% debentures
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

United Technologies UTX: 2/10/11 10K for FY 12/31/10
1/26/11 8K re: 4Q results & FY 2011 guidance
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

Verizon Communications Inc. VZ: 2/3/11 8K re: increase to stock repurchase program
1/27/11 Proxy statement & 8K re: proposed purchase of Terremark to boost cloud capacity
1/27/11 8K re: 2011 guidance
1/25/11 4Q & FY 2010 results
1/21/11 8K re: change of accounting for pension
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

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