Thursday, February 3, 2011

2/3/11 Thurs pm Dow Closes at 12,062.26 up 20.29 or 0.17%

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. 856 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.

The Dow Jones Industrial Average closed Thursday at 12,062.26 up 20.29 points or 0.17% from Wednesday's close of 12,041.97. Of the 30 Dow Jones component companies 23 gained, Alcoa was unchanged and 6 declined. The biggest gainer dollar-wise was Chevron CVX $97.31 +0.83 0.86% 8,029,025 NYSE and percentage-wise was Cisco CSCO $21.91 +0.29 1.34% 53,828,083 NASDAQ-GS. The biggest decliner dollar-wise and percentage-wise was Merck MRK $32.9 -0.92 2.72% 39,273,277 NYSE.

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 14.65 down from Wednesday's 14.68 (year ago it was 16.69); the P/E estimate is 12.63 unchanged from Wednesday's 12.63 (year ago it was 12.99), and the dividend yield is 2.39 unchanged from yesterday's 2.39 (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.

Thursday's Dow Jones Industrial Average closing numerator was 1,593.78 up 2.68 from Wednesday's closing numerator of 1,591.10. 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 Thursday's Dow Jones Industrial Average was $53.13 up $0.09 from Wednesday's Dow Jones Industrial Average average closing price of $53.04. The median closing price of Thursday's Dow Jones Industrial Average was $46.39 (HPQ/JPM) up 0.22 from Wednesday's median closing price of $46.17. The lowest volume was 3M MMM $87.95 +0.20 0.23% 1,975,632 NYSE
and the highest volume was again Bank of America Bank of America BAC $14.43 -0.19 1.33% 143,920,485 NYSE.

If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $268 ($159,378 - $159,110 - $).

MarketWatch Thursday 2/3/11 4:11 by Laura Mandaro says U.S. stocks ended higher Thursday, shaking off weakness that dogged the indexes for much of the session, as retailer stocks rallied on strong January sales and investors took heart from the day's data on jobs and services activity. The Dow Jones Industrial Average (DJIA 12,062, +20.29, +0.17%) ended up 20.29 points, or 0.2%, to 12,062.26, led by more than 1% gains in the shares of Cisco Systems, Inc. (CSCO 21.98, +0.07, +0.32%) , Bank of America Corp. (BAC 14.42, -0.01, -0.07%) , and AT&T Corp. (T 27.99, +0.32, +1.16%) . The S&P 500 SPX 1,307, +3.07, +0.24%) added 3.07 points, or 0.2%, to 1,307.10, led by Estee Lauder Cos. (EL 91.92, +11.36, +14.10%) and Harman International Industries Inc. (HAR 48.91, +0.13, +0.27%) shares. The Nasdaq Composite (COMP 2,754, +4.32, +0.16%) ended up 4.32 points, or 0.2%, to 2,753.88.

Thursday's Closing Dow Numbers:

AT&T T $27.99 +0.32 1.16% 20,997,832 NYSE
Alcoa AA $17.21 unch unch 24,547,740 NYSE
Amex AXP $43.53 -0.19 0.43% 5,178,037 NYSE
BofA BAC $14.43 -0.19 1.33% 143,920,485 NYSE
Boeing BA $70.98 +0.02 0.03% 4,078,494 NYSE
CAT $98.93 -0.16 0.16% 5,029,110 NYSE
Chevron CVX $97.31 +0.83 0.86% 8,029,025 NYSE
Cisco CSCO $21.91 +0.29 1.34% 53,828,083 NASDAQ-GS
Coke KO $62.57 -0.29 0.46% 6,454,989 NYSE
DIS $40.5 +0.01 0.02% 9,326,186 NYSE
DuPont DD $51.93 +0.08 0.15% 4,653,930 NYSE
Exxon XOM $83.44 +0.03 0.04% 19,107,774 NYSE
GE $20.75 +0.04 0.19% 41,053,122 NYSE
HP HPQ $47.32 +0.43 0.92% 15,572,907 NYSE
Home Depot HD $36.7 +0.14 0.38% 5,646,561 NYSE
Intel INTC $21.57 +0.1912 0.89% 39,771,027 NASDAQ-GS
IBM $163.53 +0.23 0.14% 4,677,560 NYSE
JPM $45.46 +0.01 0.02% 23,114,062 NYSE
JNJ $60.8 +0.18 0.3% 9,008,194 NYSE
KFT $30.74 +0.185 0.61% 4,916,642 NYSE
MCD $73.83 +0.19 0.26% 7,361,854 NYSE
Merck MRK $32.9 -0.92 2.72% 39,273,277 NYSE
MSFT $27.65 -0.29 1.04% 60,171,151 NASDAQ-GS
Pfizer PFE $19.17 +0.21 1.11% 64,990,683 NYSE
Procter PG $62.9 +0.11 0.18% 8,429,033 NYSE
3M MMM $87.95 +0.20 0.23% 1,975,632 NYSE
TRV $57.25 +0.54 0.95% 4,595,045 NYSE
United Tech UTX $82.22 +0.06 0.07% 2,249,931 NYSE
Verizon VZ $36.38 +0.22 0.61% 18,100,006 DualListed
WMT $55.92 +0.06 0.11% 11,242,636 NYSE




******************
The following are excerpts from Thursday morning's Blog.

A read of the print editions of Thursday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Wednesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 12,041.97 up 1.81 points or 0.02% from Tuesday's close of 12,040.16. For the year the Dow is up 4.01%. Of the 30 Dow Jones component companies 11 gained and 19 declined. The biggest gainer dollar-wise was Caterpillar CAT $99.09 +1.08 1.1% 6,522,106 NYSE and percentage-wise was Disney DIS $40.49 +0.61 1.53% 15,334,559 NYSE. The biggest decliner dollar-wise was Exxon XOM $83.41 -0.50 0.6% 18,147,132 NYSE and percentage-wise was Pfizer PFE $18.96 -0.26 1.35% 72,984,747 NYSE.

WSJ pC5 "Stocks creep up as investors turn cautious" by Jonathan Cheng says the Dow inched up in choppy trading to claim the 5th rise in 6 sessions, as investors paused following a strong run up and fresh uncertainty in Egypt. Leading the Dow were Disney, Caterpillar and Boeing, each up 1% or more. Exxon was the biggest decliner.

Fin Times p26 "Indices slip on mixed earnings but stay close to previous session highs" by Michael Stothard says Wall St slipped slightly after a mixed batch of earnings reports, but indices stayed close to the 29 month highs reached in the previous session.

NYT pB12 "Weak earnings and unrest in Egypt push down shares" by Bloomberg and USA T Today p6B "Dow stays above 12,000 on a down day" by Bloomberg say most stocks fell on Wed as earnings reports from firms including Broadcom and Aflac disappointed investors and as antigov protests in Egypt worsened.

Wednesday's Dow Jones Industrial Average closing numerator was 1,591.10 up 0.24 from Tuesday's closing numerator of 1,590.86. 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 Wednesday's Dow Jones Industrial Average was $53.04 up $0.01 from Tuesday's Dow Jones Industrial Average average closing price of $53.03. The median closing price of Wednesday's Dow Jones Industrial Average was $46.17 (HPQ/JPM) down 0.03 from Tuesday's median closing price of $46.20. The lowest volume was United Technologies UTX $82.16 +0.33 0.4% 2,745,789 NYSE and the highest volume was again Bank of America Bank of America BAC $14.24 -0.07 0.49% 138,648,341 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 made $24 ($159,110 - $159,086).

MarketWatch Wednesday 2/2/11 4:25 by Jonathan Cheng says the Dow Jones Industrial Average inched up in choppy trading to claim its fifth gain in six sessions, as investors paused following a strong run-up and new uncertainty in Egypt. The blue-chip Dow edged up 1.81 points, or 0.02%, to finish at 12041.97, a 30-month high, as investors kept an eye on violent clashes erupting on the streets of Cairo. Leading the advancers among the Dow components were Walt Disney, Caterpillar and Boeing, each up 1% or more. The market's ability to hold its ground after Tuesday's strong gains -- the Dow's biggest one-day gain in two months -- reflected continued optimism and inflows into the domestic equity market, investors said. But it also raised questions about how sustainable the recent gains have been. "I wouldn't be surprised to see some sort of a pullback sooner than what people are predicting," said Dorsey Farr, partner at Atlanta investment advisory French Wolf & Farr. "It doesn't look like northern Africa is going to be that trigger, though it may be too early to say that. But when markets are higher, they're more suspectible to some far-off event." Crude oil edged up to just short of $91 a barrel, while the Market Vectors Egypt Index, an exchange-traded fund of Egypt-related stocks, fell 68 cents, or 3.7%, to $17.84 on heavier-than-usual volume. The Nasdaq Composite Index finished a touch lower, off 0.04% at 2750.16, while the Standard & Poor's 500-stock index slipped 3.56 points, or 0.27%, at 1304.03. The S&P 500's decline was shallow but broad-based, with all but one of its 10 sectors trading lower. Genworth Financial was the biggest decliner among S&P 500 companies, tumbling 1.18, or 8.5%, to 12.76 after reporting a surprise fourth-quarter loss and saying the insurer wouldn't split in two until results improve. Electronic Arts rose 2.47, or 16%, to 18.09 after the videogame publisher said late Tuesday that its fiscal third-quarter loss widened as sales fell, but it announced a better-than-expected forecast for the current quarter and a plan to spend $600 million buying back its stock. Mattel rose 22 cents, or 0.9%, to 24.37 after the toy maker reported improved sales across its major divisions and increased its dividend 11%, raising the quarterly payout to 23 cents a share. Hershey was up 1.47, or 3.1%, to 48.61 after fourth-quarter earnings rose 6.9% as the candy maker posted sharply lower restructuring charges, while sales and margins both improved. Media company Time Warner rose 2.79, or 8.6%, to 35.10 after fourth-quarter profit rose 22% and adjusted results topped expectations amid strength at its networks businesses. Whirlpool fell 1.82, or 2.1%, to 83.60. Its fourth-quarter earnings rose a smaller-than-expected 80%, though revenue topped estimates as cost-cutting and higher unit volume offset higher materials costs. The company projected earnings for the year well ahead of the Street forecast. Investors were awaiting earnings from Visa and News Corp., which owns the publisher of The Wall Street Journal and this newswire, after the market close. The market also digested the increase of 187,000 private-sector jobs in January, the 12th consecutive month of private-sector employment growth, though the initial December estimate was lowered. The encouraging private-sector jobs number comes ahead of initial jobless claims data on Thursday and the closely-watched official monthly jobs number on Friday. "The concern for Friday is that the market has really moved up in anticipation of the economic data," Mr. Glazer said. "If you look at prices, clearly they've priced in a recovery in the jobs market." In Europe, the Stoxx Europe 600 edged up 0.1%. In Asia, Tokyo's Nikkei Stock Average and Hong Kong's Hang Seng Index both rose 1.8%. The yield on the benchmark 10-year Treasury rose to above 3.5% in intraday trading, finishing at 3.491%, from 3.435% late Tuesday. The dollar strengthened slightly against its major rivals, pushing the euro down to $1.3805, from $1.3831 late Tuesday.

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

AT&T T $27.67 -0.20 0.72% 23,287,549 NYSE: NYT pB1 "For iPhone, almost heaven" by David Pogue, WSJ pD1 "Verizon beats AT&T in voice calls for iPhones" by Walter Mossberg say starting 2/10 Apple's smart phone will be available on Verizon instead of just on AT&T. Verizon has enjoyed a reputation for reliable voice service while AT&T has had many complaints about dropped voice calls or calls that can't be initiated.

NYT pB2 "AT&T fights back" by Jenna Wortham says on NYT website there is a story about AT&T announcing new features for its smartphone, cheaper tethering and mobile hot spot functions in response to Verizon selling the iPhone.

Alcoa AA $17.21 -0.11 0.64% 26,355,726 NYSE: No mentions found.

Amex AXP $43.72 +0.12 0.28% 6,758,425 NYSE: No mentions found.

BofA BAC $14.24 -0.07 0.49% 138,648,341 NYSE: No mentions found.

Boeing BA $71 +0.71 1.01% 4,155,209 NYSE: WSJ pC7 "Boeing, EADS eady final air force tanker bids" by Nathan Hodge says the two firms are readying their final offers for a potential $35 bil US Air Force tanker contract.

Caterpillar CAT $99.09 +1.08 1.1% 6,522,106 NYSE: WSJ pB1 "Steel price rises pressure supply chain" by Robert Matthews says Catepillar, the world's biggest maker of construction and mining equipment, expects higher sales volumes and price increases on its products to offset higher steel costs. It also buys materials in advance when it expects prices to rise.

Chevron CVX $96.48 +0.26 0.27% 6,573,032 NYSE: No mentions found.

CSCO $21.62 +0.15 0.7% 41,158,855 NASDAQ-GS: No mentions found.

Coke KO $62.86 -0.19 0.3% 7,766,464 NYSE: AJC pA17 "Coca-Cola faces anti-flu shot complaint over Vitaminwater ads" by Jeremiah McWilliams says Coke has been accused of running dangerously misleading ads by saying its Vitaminwater can replace flu shots or prevent illness. The National Consumers League is upset.

Disney DIS $40.49 +0.61 1.53% 15,334,559 NYSE: No mentions found.

DuPont DD $51.85 +0.19 0.37% 5,039,263 NYSE: No mentions found.

Exxon XOM $83.41 -0.50 0.6% 18,147,132 NYSE: No mentions found.

GE $20.71 -0.09 0.43% 42,139,902 NYSE: No mentions found.

Hewlett-Packard HPQ $46.89 +0.37 0.8% 11,769,905 NYSE: NYT pB10 "Printers adapt to world of the web" by Eric Taub reviews HP's Officejet 6500A printer and says photos can now be sent to many HP printers directly by email.

USAT p1B "Flawed chip in some HP, Dell computers" says Hewlett-Packard and Dell are warning that some of their new computers may be affected by a flaw in an Intel chip.

Home Depot HD $36.56 -0.43 1.16% 7,754,202 NYSE: No mentions found.

Intel INTC $21.56 +0.08 0.37% 46,580,725 NASDAQ-GS: No mentions found.

IBM $163.3 -0.26 0.16% 3,898,430 NYSE: No mentions found.

JPMorgan JPM $45.45 -0.48 1.05% 23,781,707 NYSE: No mentions found.

Johnson & Johnson JNJ $60.62 -0.01 0.02% 9,949,667 NYSE: WSJ pC12 "Big pharma experiments in search for growth formula" by Hester Plumridge says Pfizer responded to threats to drug sales by cutting costs this week. Glaxo and Johnson & Johnson are diversifying into vaccines and consumer health to reduce reliance on pharmaceuticals, since just 21 new drugs were approved in the US last year, the lowest since '07.

KFT $30.555 -0.115 0.37% 5,506,681 NYSE: No mentions found.

McDonalds MCD $73.64 +0.17 0.23% 5,798,574 NYSE: No mentions found.

MRK $33.82 -0.18 0.53% 13,726,291 NYSE: No mentions found.

Microsoft MSFT $27.94 -0.0525 0.19% 45,748,093 NASDAQ-GS: WSJ pB3 "Microsoft insulted by Google's copying claims" by Nick Wingfield, Fin times p17 "Microsoft Bing trails in Google's wake" by Richard Waters say Microsoft execs called allegations by Google that Microsoft copies Google's Internet search results insulting, as the 2 firms amped up their verbal jousing.

Pfizer PFE $18.96 -0.26 1.35% 72,984,747 NYSE: Fin Times p16 "New Pfizer chief's remedy unlikely to cure longer term ills" by Andrew Jack says Pfizer unveiled on Wed that '10 net income was down 4% to $8.3 bil, and reduced guidance on '12 sales by $2 bil. It announced a revamped approach in launching a smaller range of innovative medicines.

Fin Times p10 "Pfizer's bitter pill" says the closure of Pfizer's UK research base is due to changes in the pharma industry's structure as much as to UK's competitiveness in manufacturing.

WSJ pC12 "Big pharma experiments in search for growth formula" by Hester Plumridge says Pfizer responded to threats to drug sales by cutting costs this week. Glaxo and Johnson & Johnson are diversifying into vaccines and consumer health to reduce reliance on pharmaceuticals, since just 21 new drugs were approved in the US last year, the lowest since '07.

Procter & Gamble PG $62.79 -0.13 0.21% 11,599,151 NYSE: No mentions found.

MMM $87.75 -0.04 0.05% 2,889,261 NYSE: No mentions found.

Travelers TRV $56.71 -0.10 0.18% 8,821,908 NYSE: No mentions found.

United Technologies UTX $82.16 +0.33 0.4% 2,745,789 NYSE: No mentions found.

Verizon VZ $36.16 -0.11 0.3% 11,683,565 DualListed: NYT pB1 "For iPhone, almost heaven" by David Pogue, WSJ pD1 "Verizon beats AT&T in voice calls for iPhones" by Walter Mossberg say starting 2/10 Apple's smart phone will be available on Verizon instead of just on AT&T. Verizon has enjoyed a reputation for reliable voice service while AT&T has had many complaints about dropped voice calls or calls that can't be initiated.

NYT pB2 "AT&T fights back" by Jenna Wortham says on NYT website there is a story about AT&T announcing new features for its smartphone, cheaper tethering and mobile hot spot functions in response to Verizon selling the iPhone.

WMT $55.86 -0.47 0.83% 14,019,354 NYSE: No mentions found.

****************************
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 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