2/24/11 Thurs am Johnson & Johnson's $1.8 bil Win from Abbott is Reversed

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Post No. 889 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 Thursday's Wall St. Journal, Financial Times, NY 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 Wednesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 12105.78 down 107.01 points or 0.88% from Tuesday's close of 12,212.79. For the year the Dow is up 4.56%. Of the 30 Dow Jones component companies 5 gained, Microsoft was unchanged and 24 declined. The biggest gainer dollar-wise and percentage wise was Chevron CVX $100.3 +1.58 1.6% 14,368,067 NYSE. The biggest decliner dollar-wise and percentage-wise was Hewlett-Packard HPQ $43.59 -4.64 9.62% 96,523,691 NYSE.

WSJ pC1 "US crude oil touches $10 a barrel" by Liam Pleven says US oil prices shot to $100 a barrel as Libyan fighting spread and oil firms further cut crude production, raising fears of a disruption to supplies. Share prices fell around the world. Charted under Bad news at pC5 is Hewlett-Packard saying it sees 2Q profit coming in below some earlier expectations.

Fin Times p24 "Hewlett-Packard slides after fall in computer sales hits rev" by Michael Stothard says Wall St saw another day of losses as disappointing results from Hewlett-Packard weighed on the tech sector & investors looked uneasily towards the continuing unrest in the Mid East & N. Africa.

NYT pB10 "Shares continue to slide as oil prices keep rising" by Chris Hauser says turmoil in the Mid East & N. Africa continued to send stocks lower & oil prices up as crude operations were disrupted in Libya. Hewlett-Packard declined more than 9% after the markets closed on Tues, HP reported disappointing 1Q rev despite sales that rose 4% to $32.3 bil.

USA Today p4B "Rising oil prices weigh stocks down" by AP says stocks fell a 2nd straight day after clashes in Libya sent oil prices to fresh 2 year highs & tech giant said rev growth was slowing.

As of the open of the market Thursday, 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 14.71 down from Wednesday's 14.96 (year ago it was 16.22); the P/E estimate is 12.87 unchanged from Wednesday's 12.87 (year ago it was 12.36), and the dividend yield is 2.39 up from Wednesday's 2.37 (last year it was 2.63). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Wednesday's Dow Jones Industrial Average closing numerator was 1,599.53 down 14.14 from Tuesday's closing numerator of 1,613.67. 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 Wednesday's Dow Jones Industrial Average was $53.32 down $0.47 from Tuesday's Dow Jones Industrial Average average closing price of $53.79. The median closing price of Tuesday's Dow Jones Industrial Average was $47.06 (HPQ/JPM) down 1.26 from Tuesday's median closing price of $47.06. The lowest volume was United Technologies UTX $83. NYSE and the highest volume was again Bank of America BAC $14.17 -0.01 0.07% 193,352,421 NYSE.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,414($161,367 - $159,953)

MarketWatch Wednesday 2/23/11 5:13 by Kate Gibson says U.S. stocks fell significantly for a second straight day Wednesday, with the Dow industrials suffering triple-digit declines in back-to-back sessions for the first time in eight months as crude oil topped $100 a barrel. A day after its biggest drop since Nov. 16, the Dow Jones Industrial Average (DJIA 12,106, -107.01, -0.88%) tumbled another 107.01 points, or 0.9%, to end at 12,105.78, led lower by Hewlett-Packard Co. (HPQ 43.69, +0.10, +0.23%) H-P shares ended down 9.6% after CEO Leo Apotheker warned late Tuesday that revenue for the current fiscal year would be below earlier expectations. Oil spikes to $100 a barrelOil prices surged, propelled by upheaval in Libya and disruptions to its crude supplies. Nymex futures rose to $100 a barrel, the contract's highest price since 2008.
Stocks took it on the chin as the price of crude-oil futures touched $100 a barrel for the first time since October 2008, as violent conflict in Libya threatened exports, especially if that upheaval extends to other oil producers in the region. Oil (CLJ11 98.97, +3.55, +3.72%) for April delivery ended at $98.10 a barrel, up $2.68, or 2.8%, after hitting a high of $100.01 during the session. On Wednesday, Col. Moammar Gadhafi reportedly maintained control of Libya’s capital, but large chunks of the eastern portion of the country were in the hands of rebels as the effort to end his more than 40 years in power reached additional Libyan cities.
“The strife in Libya carries implications that extend well past its borders and clouds the immediate-term outlook for the investment markets,” noted Kevin Giddis, executive managing director and fixed-income analyst at Morgan Keegan. After a 2.1% drop Tuesday that marked its worst decline since Aug. 11, the Standard & Poor’s 500 Index (SPX 1,307, -8.04, -0.61%) fell 8.04 points, or 0.6%, to end at 1307.40.
Of the S&P’s 10 industry sectors, energy performed best, with Cabot Oil & Gas Corp. (COG 44.78, +4.95, +12.43%) up 12%, Chesapeake Energy Corp. (CHK 34.44, +0.11, +0.32%) rising 7.3% and Range Resources Corp. (RRC 51.89, -0.36, -0.70%) climbing 7.4%. Heavy users of energy were among those hit hardest, with shipper FedEx Corp. (FDX 89.50, +0.25, +0.28%) down 4.3% and off the S&P 500, passenger carrier US Airways Group Inc. (LCC 8.52, +0.03, +0.29%) off 7.4%. The Dow Transports (DJT 4,986, -107.02, -2.10%) fell 2.1%. The Nasdaq Composite Index (COMP 2,723, -33.43, -1.21%) declined 33.43 points to 2,722.99. Decliners outpaced advancers nearly 2-to-1 on the New York Stock Exchange, where volume topped 1.3 billion shares. Composite volume topped 5.9 billion. Stocks got little help from the day’s economic data. Existing-home sales rose to 5.36 million in January from 5.22 million in December. Wall Street’s two-day decline marks its second sizable retrenchment this year; the first came in late January, as investors worried about then-escalating violence in Egypt.

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


At&T T $28.03 -0.17 0.6% 24,619,314 NYSE: No mentions found.

Alcoa AA $16.44 -0.10 0.6% 39,329,285 NYSE: No mentions found.

Amex AXP $43.44 -0.85 1.92% 9,823,870 NYSE: No mentions found.

Bank of Am BAC $14.17 -0.01 0.07% 193,352,421 NYSE: No mentions found.

Boeing BA $70.23 -0.70 0.99% 5,538,183 NYSE: WSJ pD1 "An airier airplane takes off" by Scott McCarney says Boeing is redesigning the interior of its 737, the workhorse of airlines around the world since '67 when the single aisle plane debuted and became the best selling commercial jet of all time.

NYT pB1 "As tanekr decision nears, concerns for Boeing grow" by Chris Drew says as the Air Force tries to end its embarrassing effort to buy new aerial fueling tankers, Boeing's supporters are questioning the fairness of the bidding, while its rival, EADS seems confidence it will win the $35 bil contract.

Caterpillar CAT $100.02 -1.99 1.95% 8,893,800 NYSE: No mentions found.

Chevron CVX $102.27 +1.95 1.94% 17,052,479 NYSE: No mentions found.

CSCO $18.4 -0.19 1.02% 89,005,454 NASDAQ-GS: No mentions found.

Coke KO $63.91 +0.15 0.24% 9,071,887 NYSE: AJC pA14 "Heinz to use Coke's plant based bottles" by Jeremiah McWilliams says Coke's first licensing agreement for its PlantBottle which it launched in ';09 will be with H.J. Heinz for its ketchup bottles.

Disney DIS $42.13 -0.52 1.22% 18,767,427 NYSE: WSJ pB1 "Sequels come fast, furious as studios aim to cut risk" by Michlle King says studios are buckling down to face the challenge of keeping rev up as consumer habits are changing. The number of movie tickets sold in N. Amer fell 7% to 1.3 bil in '10. Disney will sepnd 80% of its production budget this year on franchise films versus 40% in '10.

DuPont DD $53.71 -0.67 1.23% 10,225,183 NYSE: No mentions found.

Exxon XOM $87.07 +1.63 1.91% 38,392,118 NYSE: No mentions found.

GE $20.37 -0.45 2.16% 84,621,029 NYSE: WSJ pB3 "GE, Siemens set challenge to car charger start ups" by Mike Ramsey says GE & Siemens will release their own lines of electric car charging stations, injecting big name competition into a nascent biz now dominated by little known start ups.

Hewlett-Packard HPQ $43.59 -4.64 9.62% 96,523,691 NYSE: WSJ pC12 "Apotheker needs a Hurd antidote" says Hurd led HP into the digital doldrums and now Leoo Apotheker has to fix it. HP's PC business, 32% of its rev, is down due to a slow down in growth in PC sales. HP's high margin software is still just 2% of HP's rev, versus 20% for IBM so some think HP may try a software acquisition.

WSJ pC1 "US crude oil touches $10 a barrel" by Liam Pleven says US oil prices shot to $100 a barrel as Libyan fighting spread and oil firms further cut crude production, raising fears of a disruption to supplies. Share prices fell around the world. Charted under Bad news at pC5 is Hewlett-Packard saying it sees 2Q profit coming in below some earlier expectations.

NYT pB10 "Shares continue to slide as oil prices keep rising" by Chris Hauser says turmoil in the Mid East & N. Africa continued to send stocks lower & oil prices up as crude operations were disrupted in Libya. Hewlett-Packard declined more than 9% after the markets closed on Tues, HP reported disappointing 1Q rev despite sales that rose 4% to $32.3 bil.

Fin Times p24 "Hewlett-Packard slides after fall in computer sales hits rev" by Michael Stothard says Wall St saw another day of losses as disappointing results from Hewlett-Packard weighed on the tech sector & investors looked uneasily towards the continuing unrest in the Mid East & N. Africa.

Fin Times p18 "HP forecast cut prompts shares sell-off" by Richard Wates says shares in HP dropped as much as 12% ine arly trading on Wed following its decision to cut its rev forecast for its current fiscal year by $2 bil late the day before.

USA Today p4B "Rising oil prices weigh stocks down" by AP says stocks fell a 2nd straight day after clashes in Libya sent oil prices to fresh 2 year highs & tech giant said rev growth was slowing.

Home Depot HD $37.3 -0.79 2.07% 15,066,419 NYSE: WSJ pB3 "For Lowe's, landscape begins to shift" by Miguel Bustillo says Lowe's has become the world's 2nd largest home improvement chain with the help of a decade of strategic mistakes by its larger rival, Home Depot which has recently addressed a number of antiquated procedures that hampered its operations for years such as having suppliers send trucks full of merchandise directly to stores instead of the current 19 centralized distribution centers which now free up store workers.

Intel INTC $21.15 -0.66 3.03% 83,080,012 NASDAQ-GS: No mentions found.

IBM $160.18 -1.77 1.09% 5,974,589 NYSE: WSJ pC12 "Apotheker needs a Hurd antidote" says Hurd led HP into the digital doldrums and now Leoo Apotheker has to fix it. HP's PC business, 32% of its rev, is down due to a slow down in growth in PC sales. HP's high margin software is still just 2% of HP's rev, versus 20% for IBM so some think HP may try a software acquisition.

JPMorgan JPM $45.96 -0.05 0.11% 35,883,437 NYSE: WSJ pC2 "Istar Fin'l hires JPMorgan" by A.D. Pruitt says comm'l real estate lender iStar Financial said it hired JPMorgan to help it raise $3 bil in debt financing.

Johnson & Johnson JNJ $60.39 -0.26 0.43% 12,069,803 NYSE: WSJ pB3 "Court reverses Abbott decision" by Jonathan Rockoff says a fed appeals court overturned a jury verdict that would have forced the drug maker to pay $1.8 bil to Johnson & Johnson for violating a patent in developing Humira, a blockbuster treatment for rheumatoid arthritis. A competing drug is Enbrel sold by Amgen & Pfizer.

KFT $31.68 +0.21 0.67% 18,160,846 NYSE: No mentions found.

MCD $75.19 -0.51 0.67% 7,015,181 NYSE: No mentions found.

MRK $32.09 -0.25 0.77% 16,749,962 NYSE: No mentions found.

Microsoft MSFT $26.59 unch unch 52,916,989 NASDAQ-GS: WSJ pB7 "Google tool to move Microsoft files to web" by Amir Efrati says Google taking aim at Microsoft's lucrative office franchise, will release a free tool allowing users to transfer files from its software suite tot he Web so that multiple people can edit them.

Pfizer PFE $18.76 -0.13 0.69% 42,319,454 NYSE: WSJ pB3 "Court reverses Abbott decision" by Jonathan Rockoff says a fed appeals court overturned a jury verdict that would have forced the drug maker to pay $1.8 bil to Johnson & Johnson for violating a patent in developing Humira, a blockbuster treatment for rheumatoid arthritis. A competing drug is Enbrel sold by Amgen & Pfizer.

Procter & Gamble PG $64.15 0.08 0.12% 11,676,138 NYSE: WSJ pC1 "Investors looking for firms to come clean" by Elley Byron says household product makers are at a 2 day investor conference in Boca Raton. Procter & Gamble, the world's biggest consumer products firm by all measures has resisted large scale cost cuts or layoffs but now it may have to follow cuts made by Kimberly-Clark, Colgate Palmolive, Clorox & Energizer.

MMM $90.26 1.74 1.89% 5,347,959 NYSE: No mentions found.

TRV $60.42 0.11 0.18% 5,691,801 NYSE: No mentions found.

UTX $82.79 0.77 0.92% 5,156,743 NYSE: No mentions found.

VZ $35.81 0.19 0.53% 14,984,062 DualListed: No mentions found.

WMT $53.03 0.64 1.19% 20,090,587 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