2/4/11 Fri am Merck has 4Q Loss; Trustee: JPMorgan Abetted Madoff

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Post No. 857 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization and Dow 30 component's SEC filings as of January 10, 2011.

A read of the print editions of Friday'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 Thursday's stock prices and related data.

Dow Jones Industrial Average: 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. For the year the Dow is up 4.19% 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.

WSJ pC5 "Retailers give stocks modest bump" by Kristina Peterson and Brendan Conway says stocks advanced modestly as encouraging readings on retail sales outweighed worries over Egypt one session before Fri's monthly jobs report. The Dow's advance was kept in check by Merck which led decliners after swing to a 4Q loss. Earnings and rev topped Wall St expectations, but its forecasat for full year adjusted earnings fell below analysts' predictions.

USA Today p4B "Economic reports help push stocks up" by Bloomberg says stocks rose Thurs, erasing an earlier decline, as reail stocks rose afer sales beat projections and jobless claims decreased by more than forecast. Merck, the 2nd largest drugmaker, fell after forecasting '11 earnings that missed estimates. Merck posted a 4Q loss of $531 mil after taking a $1.7 bil charge to write down its experimental blood thinner.

Fin Times p22 "Worries over Egypt dent sentiment but economic optimism limits losses" by Michael Stothard says stocks made modest gains after promising economic data & strong Jan sales figures from retailers, but mixed earnings reports and worries about Egypt and other countries limited gains.

NYT pB9 "Strong reail sales drive a late day rally on Wall St" by Reuters says stocks ended enar the session's highs on Thurs, with investors favoring shares of retailers after encouraging chain store sales raised confidence.

As of the open of the market Friday, 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 14.67 up from Thursday's 14.65 (year ago it was 16.24); the P/E estimate is 12.63 unchanged from Thursday'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 2.72). 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 and Friday's News:

AT&T T $27.99 +0.32 1.16% 20,997,832 NYSE: Daily Report p6 "Apple iPhone users finally have a choice" by Rich Jaroslovsky says the iPhone is now available on Verizon and is is providing a better experience for users troubled by AT&T.

WSJ pB1 "Verizon curbs highest data users" by Roger Cheng says Verizon will slow down the daa connection of is most active users when its network is stressed under a new policy that comes as VZ prepares to add Apple's iPhone 4 to its network. AT&T offers 2 tiers of data plans with monthly usage limits and doesn't offer unlimited data options to new customers.

WSJ pB11 "AT&T to push Arix 4G" by Shayndi Raice says AT&T said the coming Motorola Arix 4G will be AT&T's leading device in its portfolio in he wake of losing its exclusive hold on the iPhone.

Fin Times p17 "Verizon planning $3.6 bil share buy back" by Paul Taylor says Verizon Communications, the 2nd largest US telecoms group by rev will buy back 100 mil of its shares. Verizon Wireless began taking orders for the iPhone which goes on sale on Feb 10 ending a 3 year exclusive network agreement between AT&T and Apple in the US.

Alcoa AA $17.21 unch unch 24,547,740 NYSE: No mentions found.

Amex AXP $43.53 -0.19 0.43% 5,178,037 NYSE: No mentions found.

BofA BAC $14.43 -0.19 1.33% 143,920,485 NYSE: No mentions found.

Boeing BA $70.98 +0.02 0.03% 4,078,494 NYSE: No mentions found.

CAT $98.93 -0.16 0.16% 5,029,110 NYSE: No mentions found.

Chevron CVX $97.31 +0.83 0.86% 8,029,025 NYSE: No mentions found.

Cisco CSCO $21.91 +0.29 1.34% 53,828,083 NASDAQ-GS: No mentions found.

Coke KO $62.57 -0.29 0.46% 6,454,989 NYSE: USA Today p1B "Handing off to multimedia" by Bruce Horovitz lists the firms that are advertising on the Super Bowl and includes Dow components: Coke and Disney.

Disney DIS $40.5 +0.01 0.02% 9,326,186 NYSE: USA Today p1B "Handing off to multimedia" by Bruce Horovitz lists the firms that are advertising on the Super Bowl and includes Dow components: Coke and Disney.

DuPont DD $51.93 +0.08 0.15% 4,653,930 NYSE: No mentions found.

Exxon XOM $83.44 +0.03 0.04% 19,107,774 NYSE: No mentions found.

GE $20.75 +0.04 0.19% 41,053,122 NYSE: No mentions found.

HP HPQ $47.32 +0.43 0.92% 15,572,907 NYSE: No mentions found.

Home Depot HD $36.7 +0.14 0.38% 5,646,561 NYSE: AJC pA17 "Home Depot says it will close 4 stores" by Arielle Kass says it will close 4 under performing stores i in Holland, Mcih, Gentilly, La, Rocky Mount & Greenville, NC.

Intel INTC $21.57 +0.1912 0.89% 39,771,027 NASDAQ-GS: No mentions found.

IBM $163.53 +0.23 0.14% 4,677,560 NYSE: No mentions found.

JPMorgan JPM $45.46 +0.01 0.02% 23,114,062 NYSE: WSJ pA1 "Trustee: JPMorgan abetted Madoff" by Michael Rothfeld, USA Today p1B "Picard: JPMorgan ignored Madoff warnings", Fin Times p1 "JPMorgan was given early warning about Madoff, says court filing" by Brooke Masters, Fin times p14 "JPMorgan under fire over Madoff role" by Megan Murphy say the bankruptcy trustee in the Madoff case sued JPMorgan for $6.4 bil saying it ignored warning signs about the Madoff fraud as it earned hundreds of millions of dollars from Madoff's firm.

Johnson & Johnson JNJ $60.8 +0.18 0.3% 9,008,194 NYSE: Daily Report p11 "Patent damages awad against J&J appears to be within recent Fed Circuit guidelines" by Sheri Qualers says a doctor's recent $482 mil jury award vs JNJ for infringing a drug eluting cardiac stent patent appears to sidestep some recent criticisms about damages from the US Ct of Appeals for the Fed Circuit. At issue is the rule of tumb 25% royalty rate that was repudiated in Jan in Uniloc USA v. Microsoft.

Kraft KFT $30.74 +0.185 0.61% 4,916,642 NYSE: WSJ pC8 "Pricey cocoa won't br Hershey profit" by John Jannarone says Hershey's '11 consensus earnings estimaes have risen 15% over the past year while Kraft's estimates have been flat and ConAgra's have declined 8%.

MCD $73.83 +0.19 0.26% 7,361,854 NYSE: No mentions found.

Merck MRK $32.9 -0.92 2.72% 39,273,277 NYSE: NYT pB3 "Merck loses $531 mil afer charges" by AP, Fin Times p17 "Merck cuts long term earnings view" by Jeremy Lemer USA Today p4B "Economic reports help push stocks up" by Bloomberg says stocks rose Thurs, erasing an earlier decline, as reail stocks rose afer sales beat projections and jobless claims decreased by more than forecast. Merck, the 2nd largest drugmaker, fell after forecasting '11 earnings that missed estimates. Merck posted a 4Q loss of $531 mil after taking a $1.7 bil charge to write down its experimental blood thinner. For the 4Q Merck lost $500 mil or 17 cents per share copared with a profit of $6.5 bil or 2.35 a share in '09. Rev grew 20% to $12.1 bil. Merck to a $1.7 bil charge related to lower expectations for Vroapaxar which it got when its bought Schering-Plough for $41 bil in '09.

WSJ pC5 "Retailers give stocks modest bump" by Kristina Peterson and Brendan Conway says stocks advanced modestly as encouraging readings on retail sales outweighed worries over Egypt one session before Fri's monthly jobs report. The Dow's advance was kept in check by Merck which led decliners after swing to a 4Q loss. Earnings and rev topped Wall St expectations, but its forecasat for full year adjusted earnings fell below analysts' predictions.

WSJ pB4 "Merck, Pfizer diverge on R&D" by Jonathan Rockoff says the new CEO's of both firms took 2 divergent strategies for reviving their businesses this week. Merck's ken Frazier says the firm won't make the cuts necessary to meet long term forecasts but will focus on investing in drug development after spending $8.1 bil on R&D last year. By contrast, Pfizer's Ian Read said he would slash the firm's spending on R&D by a third and spend $5 bil to buy back stock.

Microsoft MSFT $27.65 -0.29 1.04% 60,171,151 NASDAQ-GS: Daily Report p11 "Patent damages awad against J&J appears to be within recent Fed Circuit guidelines" by Sheri Qualers says a doctor's recent $482 mil jury award vs JNJ for infringing a drug eluting cardiac stent patent appears to sidestep some recent criticisms about damages from the US Ct of Appeals for the Fed Circuit. At issue is the rule of tumb 25% royalty rate that was repudiated in Jan in Uniloc USA v. Microsoft.

Pfizer PFE $19.17 +0.21 1.11% 64,990,683 NYSE: WSJ pB4 "Merck, Pfizer diverge on R&D" by Jonathan Rockoff says the new CEO's of both firms took 2 divergent strategies for reviving their businesses this week. Merck's ken Frazier says the firm won't make the cuts necessary to meet long term forecasts but will focus on investing in drug development after spending $8.1 bil on R&D last year. By contrast, Pfizer's Ian Read said he would slash the firm's spending on R&D by a third and spend $5 bil to buy back stock.

Procter PG $62.9 +0.11 0.18% 8,429,033 NYSE: No mentions found.

3M MMM $87.95 +0.20 0.23% 1,975,632 NYSE: No mentions found.

TRV $57.25 +0.54 0.95% 4,595,045 NYSE: No mentions found.

United Technologies UTX $82.22 +0.06 0.07% 2,249,931 NYSE: WSJ pA6 "China eyes US defense contracts" by Jeremy Page says China's AVIC is offering the AC-313 as the next generation of Marine One. AC-313 is China's largest domestically produced helicopter and is powered by 3 engines made by Pratt & Whitney, a unit of Untied Technologies and can seat up to 27 passengers & 2 crew members.

Verizon VZ $36.38 +0.22 0.61% 18,100,006 DualListed: Daily Report p6 "Apple iPhone users finally have a choice" by Rich Jaroslovsky says the iPhone is now available on Verizon and is is providing a better experience for users troubled by AT&T.

WSJ pB1 "Verizon curbs highest data users" by Roger Cheng, USA Today p1B "Verizon could slow data service for some", say Verizon will slow down the data connection of is most active users when its network is stressed under a new policy that comes as VZ prepares to add Apple's iPhone 4 to its network. AT&T offers 2 tiers of data plans with monthly usage limits and doesn't offer unlimited data options to new customers.

Fin Times p17 "Verizon planning $3.6 bil share buy back" by Paul Taylor says Verizon Communications, the 2nd largest US telecoms group by rev will buy back 100 mil of its shares. Verizon Wireless began taking orders for the iPhone which goes on sale on Feb 10 ending a 3 year exclusive network agreement between AT&T and Apple in the US.

WMT $55.92 +0.06 0.11% 11,242,636 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 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