2/7/11 Mon am Cisco Buys Inlet; Disney to Report Earnings Tues, Coke Wed & Kraft on Thurs.

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Post No. 861 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 Monday's Barron'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 Friday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 12,092.15 up 29.89 points or 0.25% from Thursday's close of 12,062.26. For the week the Dow was up 2.3%. For the year the Dow is up 4.45%. Of the 30 Dow Jones component companies 20 gained and 10 declined. The biggest gainer dollar-wise was Procter & Gamble PG $63.61 +0.71 1.13% 9,822,100 NYSE and percentage-wise was Kraft KFT $31.19 +0.45 1.46% 6,593,504 NYSE. The biggest decliner dollar-wise and percentage-wise was JPMorgan JPM $44.59 -0.87 1.91% 37,835,910 NYSE.

USA Today p1B "How long will bull last?" by Adam Shell says the average duration of bull markets since '32 is 3.8 years.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 15.06 up from Friday's 14.67 (year ago it was 16.26); the P/E estimate is 12.64 up from Friday's 12.63 (year ago it was 12.67), and the dividend yield is 2.38 down from Friday'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.

Friday's Dow Jones Industrial Average closing numerator was 1,597.73 up 3.95 from Thursday's closing numerator of 1,593.78. 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 Friday's Dow Jones Industrial Average was $53.26 up $0.13 from Thursday's Dow Jones Industrial Average average closing price of $53.13. The median closing price of Friday's Dow Jones Industrial Average was $46.01(HPQ/JPM) down 0.38 from Thursday's median closing price of $46.39. The lowest volume was 3M MMM $88.29 +0.34 0.39% 1,971,082 NYSE and the highest volume was again Bank of America Bank of America BAC $14.29 -0.14 0.97% 136,111,276 NYSE.

If Friday 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 $395 ($159,773 - $159,378).

MarketWatch Friday 2/4/11 4:48 by Kate Gibson says U.S. stocks closed higher Friday, giving an extra lift to weekly gains, as investors focused on strong corporate results and the upshot of a largely disappointing monthly jobs report. The Dow Jones Industrial Average (DJIA 12,092, +29.51, +0.25%) closed up 29.89 points, or 0.3%, to 12,092.15. A 1.5% rise in the shares of Kraft Foods Inc. (KFT 31.19, +0.45, +1.46%) led gains for 20 of its 30 components. The Dow has now closed higher for the past five straight trading days, and is trading near its highest levels since mid-2008. The S&P 500 Index (SPX 1,311, +3.77, +0.29%) ended up 3.77 points, or 0.3%, at 1,310.87, with technology companies faring the best and utilities the worst among its 10 industry groups. The Nasdaq Composite Index (COMP 2,769, +15.42, +0.56%) rose 15.42 points, or 0.6%, to 2,769.3. The major indexes spent much of the day notching small gains or losses after the U.S. government reported the economy created only 36,000 jobs in January, missing forecasts of a 140,000 gain. While disconcerting, the “inclement weather played some role in suppressing the overall payroll count,” said Bart van Ark, chief economist at the Conference Board. The U.S. government also said the jobless rate dipped to 9% in January, its lowest level since April 2009. Read more on jobs report. Analysts said the much-anticipated jobs report also bolsters the case for the Federal Reserve to keep markets flush with liquidity, which has been a boon for stocks for the past two years. ”The market is holding up on a weaker jobs report because it points to continued quantitative easing,” said Robert Pavlik, chief market strategist at Banyan Partners, referring to the central bank’s policy of increasing money supply to support the recovery. The indexes rebounded for the week, which was colored by shifting sentiment about whether Egyptian protests would lead to more instability in the region, as well as U.S. data showing strength in manufacturing. The Dow ended the week up 2.3%, the S&P 500 gained 2.7% and the Nasdaq Composite advanced 3.1%. For the session, big gainers included JDSU (JDSU 22.85, +0.09, +0.41%) , whose shares jumped 27% after the maker of optical-networking gear swung to a profit, beating Wall Street’s expectations. The stock was the best performer on the S&P 500. Aetna Inc. (AET 37.21, -0.21, -0.56%) shares rose 12% after the health insurer forecast fiscal 2011 profits that topped Wall Street’s expectations. Other movers included Tyson Foods Inc. (TSN 18.56, +1.00, +5.69%) Its shares rallied 5.7% after the meat producer reported an 86% jump in profit, helped by higher prices. Read more on Tyson. Of the 308 companies in the S&P 500 that have reported fourth-quarter results, 72% have topped analysts’ expectations, according to Thomson Reuters. “We’re seeing a sixth consecutive quarter of strong earnings and revenue reports,” said Phil Orlando, chief equity strategist at Federated Investors. Decliners just edged past advancers on the New York Stock Exchange, where volume topped 920 million shares.

Friday's Closing Dow Numbers and Monday's News:


AT&T T $27.97 -0.02 0.07% 18,317,021 NYSE: Barron's p38 "Plugged in" by Mark Veverka says the Dallas Cowboy's stadium is technologically advanced and uses AT&T's Wi-Fi network and 100 Hewlett-Packard servers.

Alcoa AA $17.14 -0.07 0.41% 18,264,313 NYSE: USA Today p3B "5 questions for Klaus Kleinfeld" by Paul Davidson is an inerview with Alcoa's CEO who says there is more demand for aluminium.

American Express AXP $43.82 +0.29 0.67% 6,038,930 NYSE: Barron's p21 "Week preview" says American Express holds a semi-annual meeting with financial analysts on Wed.

Bank of America BAC $14.29 -0.14 0.97% 136,111,276 NYSE: USA Today p1B "Bank of America settles suit for $410 mil says BoA paid this to settle a fed lawsuit alleging it charged excessive overdraft fees.

Boeing BA $71.38 +0.40 0.56% 4,075,128 NYSE: No mentions found.

Caterpillar CAT $99.59 +0.66 0.67% 6,019,862 NYSE: No mentions found.

Chevron CVX $97.11 -0.20 0.21% 10,459,122 NYSE: WSJ pC8 "Exxon's machine isn't a spent force" by Liam Denning says Exxon has bought back $174.4 bil of its common stock, more than Chevron, BP and Royal Dutch Shell combined. 61% of its operating cash flow went to shareholders as buybacks or dividends, compared with its rivals' average of 41%.

Barron's p18 "A gusher in the making" by Dimitri DeFotis says Petroleo Braileiro, the Brazilian oil giant, saw its shares shoot up 7% last week, and at 11.5 times this year's estimated earnings its valuation is richer than Chevron's at 9.1 times expected earnings and below Exxon's price/earnings ratio of 11.8 times '11 estimates.

Cisco CSCO $22.05 +0.14 0.64% 60,080,037 NASDAQ-GS: WSJ pB3 "Cisco to acquire Inlet in video deal" says Cisco will pay $95 mil for Inlet Tech, a streaming video firm. Cisco has faced copetition from Hewlett-Packard to become one stop info tech shops.

Coke KO $62.56 -0.01 0.02% 4,675,084 NYSE: USA Today p6B "Ad meter" by Bruce Horowvitz ranks how the Sper Bowl ads ranked with views and includes the ads of these Dow compnents: Coke (low) Disney (low) Verizon (low).

Fin Times "Corporate Diary" says Disney reports earnings for Q1 on Tues and McDonalds will give trading and sales updates then; Coke Reports Q4 earnings on Wed, & Thurs Kraft

Disney DIS $40.71 +0.21 0.52% 11,114,124 NYSE: Fin Times "Corporate Diary" says Disney reports earnings for Q1 on Tues and McDonalds will give trading and sales updates then; Coke Reports Q4 earnings on Wed, & Thurs Kraft.

USA Today p6B "Ad meter" by Bruce Horowvitz ranks how the Sper Bowl ads ranked with views and includes the ads of these Dow compnents: Coke (low) Disney (low) Verizon (low).

DuPont DD $52.53 +0.60 1.16% 5,414,199 NYSE: Barron's p25 "DuPont: a feast for investors" by Erin Arvedlund says last week DuPont bid $6.3 bil for Denmark's Danisco, one of the largest producers of food ingredients. DuPont soon will derive more than a third of its $30 bil in annual rev from seeds, agricultural products and nutritional additives. Danisco makes probiotics for yogurt and locust bean gum for ice cream, cream cheese and infant formula. DuPont gets about a third of its rev from developing markets, and now is zeroing in China's surging demand for food. DuPont's stock hat a 52 week high Fri but still trades at an attractive 12.6 times analysts' '12 consensus earnings estimates.

Exxon XOM $83.28 -0.16 0.19% 16,524,012 NYSE: WSJ pC8 "Exxon's machine isn't a spent force" by Liam Denning says Exxon has bought back $174.4 bil of its common stock, more than Chevron, BP and Royal Dutch Shell combined. 61% of its operating cash flow went to shareholders as buybacks or dividends, compared with its rivals' average of 41%.

Barron's p18 "A gusher in the making" by Dimitri DeFotis says Petroleo Braileiro, the Brazilian oil giant, saw its shares shoot up 7% last week, and at 11.5 times this year's estimated earnings its valuation is richer than Chevron's at 9.1 times expected earnings and below Exxon's price/earnings ratio of 11.8 times '11 estimates.

Barron's pM12 "Research Reports" edited by Anita Peltonen says Raymond James issued a report on Exxon on 2/1 that says although Exxon has appealing qualities due to its aggressive share buyback policy and its status as the ultimate energy blue chip stock, there's a lack of visible catalysts and the report's author does not dexpect frontier exploration programs in Philippines, Black Sea & Greenland to move the needle anytime soon.

GE $20.56 -0.19 0.92% 43,019,306 NYSE: No mentions found.

Hewlett-Packard HPQ $47.43 +0.11 0.23% 11,201,751 NYSE: WSJ p8 "Overheard" says IBM's Sam Palmisano accused Hewlett-Packard's CEO Mark Hurd of cutting research and development to the bone and now Lenovo is joining the criticism against HP.

Barron's p27 "That's better now" by Michael Shari says some of the best performing stocks will be consumer tec plays such as Apple, Hewlett-Packard and Intel because their products are increasingly in demand among the emerging middle class of Africa, Asia & Latin America.

Barron's p38 "Plugged in" by Mark Veverka says the Dalls Cowboy's stadium is technologically advanced and uses AT&T's Wi-Fi network and 100 Hewlett-Packard servers.

WSJ pB3 "Cisco to acquire Inlet in video deal" says Cisco will pay $95 mil for Inlet Tech, a streaming video firm. Cisco has faced copetition from Hewlett-Packard to become one stop info tech shops.

NYT pB10 "Intel chip flaw causes delays" by Verne Kopytoff says Dell and Hewlett-Packard have stopped making some PCs as they await a modified version of a flawed Intel chipset.

Home Depot HD $36.8 +0.10 0.27% 7,556,982 NYSE: No mentions found.

Intel INTC $21.68 +0.11 0.51% 38,515,069 NASDAQ-GS: NYT pB10 "Intel chip flaw causes delays" by Verne Kopytoff says Dell and Hewlett-Packard have stopped making some PCs as they await a modified version of a flawed Intel chipset.

Barron's p27 "That's better now" by Michael Shari says some of the best performing stocks will be consumer tech plays such as Apple, Hewlett-Packard and Intel because their products are increasingly in demand among the emerging middle class of Africa, Asia & Latin America.

IBM $164 +0.47 0.29% 3,751,496 NYSE: WSJ p8 "Overheard" says IBM's Sam Palmisano accused Hewlett-Packard's CEO Mark Hurd of cutting research and development to the bone and now Lenovo is joining the criticism against HP.

JPMorgan JPM $44.59 -0.87 1.91% 37,835,910 NYSE: Fin Times p19 "Highbridge to launch new standalone credit fund" by Sam Jones says Highbridge Capital, the $27 bil hedge fund of JPMorgan has hired Serge Adam to head its Principal Strategies unit and to start a new credit fund.

Barron's p20 "Week review" says JPMorgan was charged for being at the very center of the Madoff fraud by the Madoff trustee.

Johnson & Johnson JNJ $60.84 +0.04 0.07% 9,709,112 NYSE: No mentions found.

Kraft KFT $31.19 +0.45 1.46% 6,593,504 NYSE: Fin Times "Corporate Diary" says Disney reports earnings for Q1 on Tues and McDonalds will give trading and sales updates then; Coke Reports Q4 earnings on Wed, & Thurs Kraft.

McDonald's MCD $74.05 +0.22 0.3% 9,696,633 NYSE: Fin Times "Corporate Diary" says Disney reports earnings for Q1 on Tues and McDonalds will give trading and sales updates then; Coke Reports Q4 earnings on Wed, & Thurs Kraft.

Merck MRK $32.89 -0.01 0.03% 25,245,291 NYSE: No mentions found.

Microsoft MSFT $27.77 +0.12 0.43% 40,402,526 NASDAQ-GS: Barron's p5 "Up & down Wall St" by Alan Abelson says T2 Partners, a hedge fund, like Mocrosoft because although it has ben outshone by Apple and Googe, its rev rose 15%, operating income rose 20% and eps 29%. It has more than $31.5 bil or 3.68 a share and Mircosoft has been buying back its share.

NYT pB10 "oogle's gotcha with Microsoft" by Claire Miller says Goolge is accusing Microsoft of coping its search results by using Internet Explorer 8 and the Bing toolbar to watch hope people use Google.

Pfizer PFE $19.3 +0.13 0.68% 43,394,729 NYSE: No mentions found.

Procter & Gamble PG$63.61 +0.71 1.13% 9,822,100 NYSE: No mentions found.

3M MMM $88.29 +0.34 0.39% 1,971,082 NYSE: No mentions found.

Travelers TRV $57.41 +0.16 0.28% 3,191,672 NYSE: No mentions found.

United Technologies UTX $82.52 +0.30 0.36% 2,833,935 NYSE: No mentions found.

Verizon VZ $36.31 -0.07 0.19% 12,088,680 Dual Listed: USA Today p1B "Verizon temporarily halts iPhoneorders" says Verizon Wireless stopped taking orders until Wed after online orders for the iPhone produced record sales.

USA Today p6B "Ad meter" by Bruce Horowvitz ranks how the Sper Bowl ads ranked with views and includes the ads of these Dow compnents: Coke (low) Disney (low) Verizon (low).

Barron's p37 "Can Apple rethnk the iDiot box" by Tiernan Ray says Verizon Comm on Fri sold out of its supply of Apple's iPhone 4 when it was put online for sale to Verizon customers early Thurs.

Walmart WMT $56.03 +0.11 0.2% 7,100,710 NYSE: Fin Times p16 "Walmart rises in digital battle" says Walmart is aggressively discounting the cost of digital fils as it competes with Apple in a battle over the future of the future of the entertainment industry. Walmart bought Vudu last March which is a US online film service.

Daily Report p6 "Prepaid debit cards come under scrutiny" by Carter Dougherty, Bloomberg says new rules under Dodd-Frank could squeeze the $1.4 bil in fee rev firms such as Walmart and others will collect by '14.

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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