2/16/11 Wed am Market Yawns at Chevron's Losing Ecuador Case: United Grounds 757 Fleet

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Post No. 876 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 Wednesday'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 Tuesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 12,226.64 down 41.55 points or 0.34% from Monday's close of 12,268.19. For the year the Dow is up 5.61%. Of the 30 Dow Jones component companies 8 gained, Pfizer was unchanged and 21 declined. The biggest gainer dollar-wise and percentage-wise was Verizon VZ $36.46 +0.56 1.56% 20,022,132 NYSE. The biggest decliner dollar-wise and percentage-wise was ExxonMobil XOM $82.97 -1.94 2.28% 25,655,120 NYSE.

WSJ pC5 "Inflation jitters send the DJIA down 41.55" by Donna Yesalavich says stocks fell after the latest round of economic daa added to investors' inflation worries.

Fin Times p22 "Bout of profit taking pushes energy groups into sharp retreat" by Michael Stothard says NYSE Euronext lost ground after unveiling formal plans to merge with Deutsche Borse, the main German exchange, while the wider markets fell away from 30 month highs on disappointing economic data. Energy stocks saw the sharpest losses as oil prices softened. Exxon was 2.3% lower. Also, an Ecuadorian court ordered Chevron to pay up to $8.6 Bil in damages for environmental damage dating back 40 years but the markets seemed largely unruffled by the news. Chevron was on 0.6% lower.

NYT pB11 "Shares retreat as retail sales increase less than expected" by Bloomberg & USA Today p4B "Retail, Exxon reports pull stocks down" by Bloomberg say stocks retreated Tues pulling the S&P 500 down from a 32 month high, after a report showed retail sales increased less than forecast & ExxonMobil led a decline in energy producers.

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 14.97 down from Tuesday's 15.02 (year ago it was 16.19); the P/E estimate is 12.81 unchanged from Tuesday's 12.81 (year ago it was 12.85), and the dividend yield is 2.37 up from Tuesday's 2.35 (last year it was 2.65). 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,615.50 down 5.49 from Monday's closing numerator of 1,620.99. 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 Tuesday's Dow Jones Industrial Average was $53.85 down $0.18 from Monday's Dow Jones Industrial Average average closing price of $54.03. The median closing price of Tuesday's Dow Jones Industrial Average was $47.41 (HPQ/JPM) down 0.02 from Monday's median closing price of $47.43. The lowest volume was United Technologies UTX $84.93 -0.28 0.33% 2,817,432 NYSE and the highest volume was again Bank of America BAC $14.77 -0.12 0.81% 108,631,641 NYSE.

If Tuesday 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 $549 ($162,099 - $161,550)

MarketWatch Tuesday 2/15/11 4:56 by Kate Gibson says U.S. stocks declined modestly Tuesday after economic reports showed retail sales climbing less than expected in January and the cost of imported goods rising. “Today there’s a bit of a pullback, but we’re coming off a multimonth high,” said Stuart Freeman, chief equity analyst at A.G. Edwards. “We’ve been inching forward pretty consistently, and any little corrections seemed to be closed again by the end of the day,” added Freeman in dismissing the significance of a half-percentage drop in the major stock indexes, given their near-relentless rise in recent days and weeks. The Dow Jones Industrial Average (DJIA 12,227, -41.55, -0.34%) fell 41.55, or 0.34% to end at 12,226.64. Twenty-one components in the index fell, while 8 rose and one was unchanged. Shares of Exxon Mobil Corp. (XOM 82.90, -0.07, -0.08%) led the blue-chip retreat, down 2.3%. The S&P 500 Index (SPX 1,328, -4.31, -0.32%) fell 4.31 points, or 0.32%, to 1,328.01. Among its 10 industry groups, energy was off the most and utilities fared the best. The Nasdaq Composite Index (COMP 2,804, -12.83, -0.46%) declined 12.83 points, or 0.46%, at 2,804.35. Decliners led advancers 18 to 11 on the New York Stock Exchange, where volume topped 929 million. The market’s steady rise can in part be chalked up to the Federal Reserve’s quantitative-easing program of buying Treasury debt to help foster the recovery, according to Freeman. “Sixty billion of Treasurys being bought a month does have an impact on the stock market,” he said. With all that liquidity “coming into the economy, some of it is showing up in stocks, some of it is showing up in commodities and it takes a little longer to turn up in loans and jobs.” “It seems like any kind of weakness is being bought, with investors sidelined with money coming in, so the downside is limited,” said Phillip Streible, senior market strategist at Lind-Waldock, of the recent trend that has stock declines quickly luring buyers into the market. “The only shot they have of taking down the market is between the hours of 11 a.m. and 2 p.m. [Central time], when there is less coming in and actively buying. That is just the way people stack their orders,” he added. Regarding Tuesday’s flood of economic reports, Streible said the data were “kind of flat to slightly weaker.”
The Commerce Department reported a 0.3% rise in retail sales for last month, the weakest increase since last summer. The government also revised December’s sales data to a 0.5% gain from the previously estimated 0.6% increase. U.S. import prices rose 1.5% in January, as costs climbed for energy, food and industrial supplies. The Commerce Department also reported a 0.8% bump in U.S. business inventories for December. Also, the National Association of Home Builders/Wells Fargo housing-market index, released Tuesday, showed confidence among builders remaining at relative lows. The Federal Reserve Bank of New York’s Empire State Manufacturing Survey showed continued expansion in February.
The U.S. reports followed data from China, which showed consumer prices gaining 4.9% in January from a year ago. Deutsche Boerse AG (DBOEY 8.09, -0.17, -2.06%) and NYSE Euronext Inc. (NYX 38.12, -1.33, -3.37%) said Tuesday that they would merge, creating a cross-border exchange giant.

Tuesday's Closing Dow Numbers and Wednesday's News:

AT&T T $28.24 -0.22 0.77% 23,631,322 NYSE: WSJ pA15 "The phone wrs aren't over" by Holman Jenkins says Nokia is trying to rescue itself with its smart phone tie up with Microsoft but chances are good that Apple & Google, today's dominant players, will also miss a beat in some point, in Apple's case perhaps through control freakery & in Google's because of creepiness with epsonal data. The competitive neediness of Verizon and other AT&T rivals, creaed the opportunity for Google's Android, which in turn revived Motorola and lifted Samsung and HTC into global handset brands to rival Nokia.

Alcoa AA $17.4 -0.19 1.08% 19,992,512 NYSE: No mentions found.

Amex AXP $46.19 -0.33 0.71% 5,457,271 NYSE: No mentions found.

Bank of Am BAC $14.77 -0.12 0.81% 108,631,641 NYSE: AJC pA14 "Bank of America adding annual fee to some cards" says BofA is assessing a new $59 annual fee on selected credit card holders.

Boeing BA $71.4 -0.86 1.19% 4,382,335 NYSE: WSJ pB2 "Unied Air temporarily grounds its 757 fleet" by Susan Carey says United s doing these to its 96 planes so it can perform checks on earlier modifications it did to air data computers on those planes.

CAT $103 -0.26 0.25% 4,419,811 NYSE: No mentions found. No mentions found.

Chevron CVX $96.34 -0.61 0.63% 7,622,089 NYSE: Daily Report p6 "Chevron's Ecudaor fine deemed "unenforceable" by Bloomberg, Fin Times p22 "Bout of profit taking pushes energy groups into sharp retreat" by Michael Stothard, Fin times p12 "Chevron in Ecuador" say NYSE Euronext lost ground after unveiling formal plans to merge with Deutsche Borse, the main German exchange, while the wider markets fell away from 30 month highs on disappointing economic data. Energy stocks saw the sharpest losses as oil prices softened. Exxon was 2.3% lower. Also, an Ecuadorian court ordered Chevron to pay up to $8.6 Bil in damages for environmental damage dating back 40 years but the markets seemed largely unruffled by the news. Chevron was only 0.6% lower.

CSCO $18.67 -0.14 0.74% 90,231,663 NASDAQ-GS: No mentions found.

Coke KO $63.19 +0.05 0.08% 8,141,929 NYSE: AJC pA13 "Coca-Cola approves Teamsters agreement" by Jeremiah McWilliams says Coke has signed a settlement agreement with the NLRB in connection with conentious Teamsters union election at 3 Atlanta facilities.

DIS $43.09 -0.15 0.35% 12,063,331 NYSE: No mentions found.

duPont DD $54.11 -0.41 0.75% 6,959,887 NYSE: No mentions found.

ExxonMobil XOM $82.97 -1.94 2.28% 25,655,120 NYSE: WSJ pA1 "Exxon struggles to find new oil" by Russell Gold says Exxon in its annual fin'l report rleased Tue said for every 100 barrels it has pumped out of the earth over the past decade, it has replaced on 95 so it is struggling to find more oil. It is stocking up on natural gas, mostly through its acquisition of XTO Energy Inc. last year.

Fin Times p22 "Bout of profit taking pushes energy groups into sharp retreat" by Michael Stothard says NYSE Euronext lost ground after unveiling formal plans to merge with Deutsche Borse, the main German exchange, while the wider markets fell away from 30 month highs on disappointing economic data. Energy stocks saw the sharpest losses as oil prices softened. Exxon was 2.3% lower. Also, an Ecuadorian court ordered Chevron to pay up to $8.6 Bil in damages for environmental damage dating back 40 years but the markets seemed largely unruffled by the news. Chevron was on 0.6% lower.

USA Today p4B "Retail, Exxon reports pull stocks down" by Bloomberg says stocks retreated Tues pulling the S&P 500 down from a 32 month high, after a report showed retail sales increased less than forecast & ExxonMobil led a decline in energy producers.

GE $21.46 -0.04 0.19% 39,588,437 NYSE: No mentions found.

Hewlett-Packard HPQ $47.99 -0.32 0.66% 12,561,500 NYSE: WSJ pB1 "Business sales help Dell, for a change" by Ben Worthen say Dell's quarterly profit nearly tripled on strong sales to businesses and lower component costs. Drive by corporate sales, Dell's shipments outstripped the growth of the overall PC market. In contrast, its rivals Hewlett-Packard and Acer, which rely heavily on sales to consumers, each experienced slight declines in PC sales growth.

Home Depot HD $37.69 +0.11 0.29% 6,528,950 NYSE: WSJ pB4 "Home Depot, Lowe's boost seasonal hiring" by Maxwell Murphy, USA Today p1B say Home Depot plans to hire more than 60,000 seasonal workers to help with spring, its busiest season of the year.

Intel INTC $21.45 -0.12 0.56% 50,627,704 NASDAQ-GS: No mentions found.

IBM $162.84 -0.38 0.23% 3,767,503 NYSE: No mentions found.

JPMorgan JPM $46.82 +0.28 0.6% 35,739,930 NYSE: Fin Times p17 "JPMorgan apology on military foreclosure" by Francesco Guerrera, USA Today p1B "JPMorgan programs aid military" say Jamie Dimon on Tues apologized for wrongly foreclosing homes owned by US soldiers and said it would overhaul the way it dealt with military personnel in an effort to quash political criticism of its practices.

WSJ pC2 "Low rates will hurt profit, JPMorgan says" David Benoit says the current regs on capial are strong enough per CEO Dimon and that if regulators force banks to hold too much of a capital cushion it could lead to some banks doing stupid things.

Johnson & Johnson JNJ $60.62 -0.08 0.13% 8,569,277 NYSE: WSJ pB2 "JNJ recalls 70,000 Invega syringes" says this is due to cracks in the syringes which could lead to infections or reduced efficacy. Invega is an antipsychotic drug.

KFT $30.67 +0.18 0.59% 7,830,350 NYSE: No mentions found.

MCD $76.15 0.09 0.12% 3,820,883 NYSE: No mentions found.

Merck MRK $32.79 -0.03 0.09% 16,945,245 NYSE: WSJ pB1 "Generic drug makes line up behind proposal for FDA fees" by Alicia Mundy says generic drug leaders are lining up behind a proposal to pay user fees to the gov as a way to speed up approval of drugs & plant inspections. There is a list of drugs set to face generic competition soon and includes Pfizer's Lipitor with $5.3 bil in US '10 sales set to expire in Nov '11 and Merck's Singulair with $3.2 bil in '10 US sales to expire in Aug '12.

Microsoft MSFT $26.96 -0.11 0.41% 44,096,714 NASDAQ-GS: WSJ pA15 "The phone wrs aren't over" by Holman Jenkins says Nokia is trying to rescue itself with its smart phone tie up with Microsoft but chances are good that Apple & Google, today's dominant players, will also miss a beat in some point, in Apple's case perhaps through control freakery & in Google's because of creepiness with epsonal data. The competitive neediness of Verizon and other AT&T rivals, creaed the opportunity for Google's Android, which in turn revived Motorola and lifted Samsung and HTC into global handset brands to rival Nokia.

Pfizer PFE $19.05 unch unch 37,263,455 NYSE: WSJ pB1 "Generic drug makes line up behind proposal for FDA fees" by Alicia Mundy says generic drug leaders are lining up behind a proposal to pay user fees to the gov as a way to speed up approval of drugs & plant inspections. There is a list of drugs set to face generic competition soon and includes Pfizer's Lipitor with $5.3 bil in US '10 sales set to expire in Nov '11 and Merck's Singulair with $3.2 bil in '10 US sales to expire in Aug '12.

Procter & GamblePG $63.92 -0.62 0.96% 11,779,630 NYSE: No mentions found.

MMM $92 +0.10 0.11% 2,971,359 NYSE: No mentions found.

Travelers TRV $59.35 +0.51 0.87% 3,424,209 NYSE:

United Technologies UTX $84.93 -0.28 0.33% 2,817,432 NYSE: No mentions found.

Verizon VZ $36.46 +0.56 1.56% 20,022,132 Dual Listed: WSJ pA15 "The phone wrs aren't over" by Holman Jenkins says Nokia is trying to rescue itself with its smart phone tie up with Microsoft but chances are good that Apple & Google, today's dominant players, will also miss a beat in some point, in Apple's case perhaps through control freakery & in Google's because of creepiness with epsonal data. The competitive neediness of Verizon and other AT&T rivals, creaed the opportunity for Google's Android, which in turn revived Motorola and lifted Samsung and HTC into global handset brands to rival Nokia.

Walmart WMT $54.95 +0.15 0.27% 11,325,398 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 (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
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