3/6/11 Sun/Sat Barron's Plugs McDonald's & IBM Shares due to Dividend Growth

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Post No. 906 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 components' SEC filings as of February 14, 2011.

A read of the print editions of Monday's 3/7 issue of Barron's, the Sat/Sun combined issues of Wall St. Journal & Financial Times, and the separate Sun. & Sat. issues of each of New York Times & Atlanta Journal Constitution 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 12,169.88 down 88.32 points or 0.72% from Thursday's close of 12,066.8. For the year the Dow is up 5.12%. For the week the Dow was up 103.08 points or 0.84% from last Friday's close of 12,130.45. Of the 30 Dow Jones component companies 4 gained and 26 declined. The biggest gainer dollar-wise and percentage wise was Travelers TRV $59.18 +0.13 0.22% 4,252,906 NYSE. The biggest decliner dollar-wise was IBM $161.84 -1.64 1% 4,223,212 and percentage-wise was GE $20.41 -0.34 1.64% 48,945,983 NYSE.

WSJ pB1 "Blue chips fall 88.32 with oil over $104" by Jonathan Cheng says a volatile week for the US stock market ended with another jolt. Throughout the week, intermittent worries about Mid. East tensions & surging oil prices sent the Dow swinging between triple-digit gains & losses.

Fin Times p14 "Fin'ls shaken by Citi & Goldman downgrades" by Michael Stothard says the fin'l sector lost ground after the investment ratings on Citigroup & Goldman Sachs were unexpectedly downgraded by one of their rivals in the wider market, equities slid after monthly employment data failed to live up to expectations. Bank of America Merrill Lynch downgraded its recommendation on the 2 banks to neutral from buy, citing expected weakness in their first quarter results.

Sat NYT pB6 "Rising oil prices overshadow drop in the jobless rate" by AP says stocks fell on Fri after another spike in oil prices overshadowed a report that the unemploymnet rate fell to its lowest level in nearly 2 years.

As of the close 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 14.79 up from Friday's 14.65 (year ago it was 16.47); the P/E estimate is 12.79 up from Friday's 12.67 (year ago it was 13.21), and the dividend yield is 2.39 up from Friday's 2.47 (last year it was 2.57). 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. GE fell 38 cents, Hewlett-Packard lost 5 9cents, American Express declined 58 cents.

Friday's Dow Jones Industrial Average closing numerator was 1,608 down 11.67 from Thursday's closing numerator of 1,619.67. 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 Friday's Dow Jones Industrial Average was $53.60 down $0.39 from Thursday's Dow Jones Industrial Average average closing price of $53.99. The median closing price of Wednesday's Dow Jones Industrial Average was $45.16 (JPM/AXP) down 0.93 from Thursday's median closing price of $45.16. The lowest volume was 3M MMM $92.19 -0.62 0.67% 2,718,519 NYSE and the highest volume was again Bank of America BAC $14.07 -0.20 1.4% 129,549,226 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 lost $1,167 ($161,967 - $160,800).

MarketWatch Friday 3/4/11 4:27 by Brendan Conway Gibson says U.S. stocks closed Friday's session with steep losses, hemmed in by a jump in oil prices, though a partial recovery late in the session lifted the indexes to slight weekly gains. The Dow Jones Industrial Average (DJIA 12,170, -88.32, -0.72%) ended down 88.32 points, or 0.7%, at 12,169.88, led by a 1.8% drop in General Electric Co. (GE 20.38, +0.01, +0.05%) shares. The S&P 500 (SPX 1,321, -9.82, -0.74%) fell 9.82 points, or 0.7%, to 1,321.15, with financials and industrials falling the most. The Nasdaq Composite (COMP 2,785, -14.07, -0.50%) ended down 14.07 points, or 0.5%, to 2,784.67. For the week, the Dow ended up 0.3%, the S&P 500 gained 0.1% and the Nasdaq Composite also edged 0.1% higher.

Friday's Closing Dow Numbers and Saturday's & Sunday's News:

AT&T T $27.885 -0.245 0.87% 23,342,684 NYSE: WSJ pB16 "AmEx teams up with Foursquare" by Shayndi Raice, Robin Sidel says American Express has struck a deal to offer discounts to shoppers via Foursquare Labs Inc., the 2 year old start-up that lets users win prizes & meet people by using their mobile phones to check in at their favorite bars, restaurants & stores. Foursquare now has a heavyweight partner as Google and AT&T and others jump into the mobile commerce games.

Alcoa AA $16.57 -0.06 0.36% 17,784,989 NYSE: No mentions found.

American Express AXP $43.67 -0.63 1.42% 5,511,862 NYSE: WSJ pB16 "AmEx teams up with Foursquare" by Shayndi Raice, Robin Sidel says American Express has struck a deal to offer discounts to shoppers via Foursquare Labs Inc., the 2 year old start-up that lets users win prizes & meet people by using their mobile phones to check in at their favorite bars, restaurants & stores. Foursquare now has a heavyweight partner as Google and AT&T and others jump into the mobile commerce games.

Bank of America BAC $14.07 -0.20 1.4% 129,549,226 NYSE: Barron's p15 "Week preview" says on Tues Bank of America hosts a rare investor conference. Also Jack Willoughby on same page says HCA will go public with a $3.5 bil IPO which will earn Merrill Lynch Bank of America $318 mil excluding fees.

WSJ pB1 "Mortgage practices overhaul proposed" by Nick Timraos, Ruth Simon says fed and state officials are pushing to more tightly regulate the way banks and other mortgage servicers treat struggling homeowners in a bid to stem foreclosures. Wells Fargo, Bank of America & Citigroup received a 27 page proposal from state attorneys general a& fed agencies to force a shakeup in banks' mortgage servicing policies.

WSJ pB8 "CD rates start ticking up" by Jane Kim says Banks including Bank of America, Citigroup, are bumping up rates on longer term CDs.

Fin Times p14 "Fin'ls shaken by Citi & Goldman downgrades" by Michael Stothard says the fin'l sector lost ground after the investment ratings on Citigroup & Goldman Sachs were unexpectedly downgraded by one of their rivals in the wider market, equities slid after monthly employment data failed to live up to expectations. Bank of America Merrill Lynch downgraded its recommendation on the 2 banks to neutral from buy, citing expected weakness in their first quarter results.

Boeing BA $71.789 +0.079 0.11% 5,243,478 NYSE: WSJ pB4 "EADS won't contest US tanker decision" by Nathan Hodge, Sat NYT pB3 "EADS won't protest decision on military tanker contract" by Christopher Drew, Fin Times p9 "EADS accepts deal loss to rival Boeing" by Jeremy Lemer, John O'Doherty say EADS conceded to archrival Boeing Fri after a decade long multi billion dollar contest to build refueling planes for the US Air Force. EADS said Boeing won with a low ball bid. This marks the close of a highly politicized fight to replace the Air Force's fleet of Eisenhower era refueling planes. Boeing bid $20.6 bil while EADS bid $22.6 bil.

Caterpillar CAT $103.04 -1.21 1.16% 5,352,885 NYSE: No mentions found.

Chevron CVX $103.54 -0.65 0.62% 8,535,729 NYSE: Barron's pM10 "Striking price options" by Steven Sears says many investors are buying bullish options of oil stocks such as Exxon Mobil & Chevron.

Cisco CSCO $18.4 -0.13 0.7% 51,038,788 NASDAQ-GS: Barron's p21 "Move over, Watson" by Vito Racanellis says Business Intelligence Advisor's computer generated conference call reports analyzes conference calls & gives Cisco's CEO John Chambers bullish comments during its July quarter conference call as an example.

Coke KO $65.14 -0.43 0.66% 7,031,630 NYSE: No mentions found.

Disney DIS $43.53 -0.54 1.23% 9,849,752 NYSE: No mentions found.

DuPont DD $53.85 -0.70 1.28% 5,528,710 NYSE: No mentions found.

Exxon XOM $84.99 -0.83 0.97% 16,430,909 NYSE: Barron's pM10 "Striking price options" by Steven Sears says many investors are buying bullish options of oil stocks such as Exxon Mobil & Chevron.

GE $20.41 -0.34 1.64% 48,945,983 NYSE: Barron's p13 "Buffett's Berkshire could have a boffo year" by Jay Palmer says Berkshire will get $9 bil from Goldman & GE who repay lucrative preferred stock investments made by Berkshire during the fin'l crisis.

Hewlett-Packard HPQ $42.58 -0.62 1.44% 26,123,752 NYSE: As of the close 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 14.89 up from Thursday's 14.65 (year ago it was 16.28); the P/E estimate is 12.67 unchanged from Friday's 12.67 (year ago it was 13.21), and the dividend yield is 2.37 down from Friday's 2.47 (last year it was 2.60). 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. GE fell 38 cents, Hewlett-Packard lost 5 9cents, American Express declined 58 cents.

Home Depot HD $37.23 -0.32 0.85% 8,507,617 NYSE: No mentions found.

Intel INTC $21.56 -0.23 1.06% 64,086,064 NASDAQ-GS: No mentions found.

IBM $161.84 -1.64 1% 4,223,212 NYSE: Barron's p26 "The dividends of dividend investing" by Grace Williams is an interview with Tom Cameron, the manager of the Dividend Growth Trust Rising Div Gr I Fund who like McDonald's because they have 32,000 restaurants worldwide; 65% of their sales are overseas, & their 10 year dividend growth rate has been over 28% per year. It has increased the dividend 34 years in a row. He also likes IBM which has 15 years of dividend growth and a 17.8% average the past 10 years.

JPMorgan JPM $45.5 -0.58 1.26% 24,990,279 NYSE: WSJ pB1 "The man with the thankless job" by Michael Rothfeld profiles Madoff Trustee Irving Picard who accuses JPMorgan Chase of being "thoroughly complicit in the fraud."

Johnson & Johnson JNJ $61 0.05 +0.08% 10,231,857 NYSE: Sat NYT pB2 "Johnson & Johnson implant unit exec resigns" says the worldwide pres of JNJ's DePuy Ortopaedics div, a maker of artificial hips & knees that has struggled with product recalls and lawsuits over faulty implants, is resigning. the exec is David Floyd.

Kraft KFT $31.52 0-.29 0.91% 8,008,404 NYSE: No mentions found.

McDonald's MCD $76 -0.24 0.31% 4,803,114 NYSE: Barron's p26 "The dividends of dividend investing" by Grace Williams is an interview with Tom Cameron, the manager of the Dividend Growth Trust Rising Div Gr I Fund who like McDonald's because they have 32,000 restaurants worldwide; 65% of their sales are overseas, & their 10 year dividend growth rate has been over 28% per year. It has increased the dividend 34 years in a row. He also likes IBM which has 15 years of dividend growth and a 17.8% average the past 10 years.

Sat AJC pA11 "McDonald's CEO's salary up but his other pay fell" says CEO Jim Skinner received $9.7 mil last year down 45% from the prior year.

MRK $33.04 -0.06 0.18% 13,422,479 NYSE: No mentions found.

MSFT $25.9525 -0.2475 0.94% 69,966,251 NASDAQ-GS: No mentions found.

Pfizer PFE $19.64 -0.13 0.66% 48,072,224 NYSE: No mentions found.

Procter & Gamble PG $62.03 -0.52 0.83% 11,701,296 NYSE: No mentions found.

3M MMM $92.19 -0.62 0.67% 2,718,519 NYSE: No mentions found.

Travelers TRV $59.18 +0.13 0.22% 4,252,906 NYSE: No mentions found.

United Technologies UTX $82.86 -0.99 1.18% 3,885,025 NYSE: No mentions found.

Verizon VZ $36.08 -0.28 0.77% 13,278,214 Dual Listed: No mentions found.

Walmart WMT $52.07 +0.06 0.12% 15,627,924 NYSE: Barron's p35 "Speaking of dividends" by Shirley Lazo says the world's No. 1 retailer, Walmart has hiked its annual dividend 21% on Thurs to $1.46 a share from 1.21. That's an additional $890 mil annually and $5.2 bil overall for the year. It will be paid in quarterly installments of 36.5 cents a share. Yield: 2.8%. Walmart has enhanced payouts every year since the first one '74.

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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