4/3/11 Sun/Sat NYT: MSFT's Smartphones to be #2; Barron's Slams Hewlett-Packard & Plugs GE

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Post No. 949 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 March 21, 2011.

A read of Monday's Barron's, the combined Saturday/Sunday issues of each of the Wall Street Journal & Financial Times, and Sunday's & Saturday's 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 12,376.72 up 56.99 points or 0.46% from Thursday's close of 12,319.73. For the year the Dow is up 6.90%. Of the 30 Dow components 23 gained and 7 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $113.12 +1.77 1.59% 6,055,360 NYSE. The biggest decliner dollar-wise and percentage-wise was Intel INTC $19.72 -0.46 2.28% 82,141,734 NASDAQ-GS.

WSJ pB5 "DJIA opens the quarter with a win" by Brendan Conway says the Dow kicked off 2Q by touching the highest point since summer of '08, as investors were heartened by signs of stronger job creation in the US & the lowest jobless rate in 2 years. The Dow was led by Caterpillar which rose $1.77 and GE which leapt 29 cents.

Fin Times p14 "NYSE Euronext leaps amid broad gains on upbeat data" by Michael Stothard says 2Q of the year kicked off on a high note after better than expected non farm payrolls data, while elsewhere on Wall St shares in NYSE Euronext were in focus after news of a second bid for the exchange.

Sat. NYT pB6 "Shares rise on report of jobs growth" by Christine Hauser says stocks rose Fri after the gov's monthly report ont he labor market showed job growth was picking up, helping the major indexes gain mroe than 1% for the week.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132129493. The trailing P/E is 15.04 up from Friday's trailing P/E of 14.97 (year ago it was 17.04); the P/E estimate is 12.75 up from Friday's P/E estimate of 12.63 (year ago it was 13.85), and the dividend yield is 2.36 down from Friday's dividend yield of 2.37 (last year it was 2.50). 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 1,635.33 up 7.53 from Thursday's closing numerator of 1,627.80. 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 $54.51 up 0.25 cents from Thursday's average closing price of 54.26. The median closing price of Thursday's Dow Jones Industrial Average was $45.75 (JPM/AXP) down 0.43 from Wednesday's median closing price of $46.18. The lowest volume was 3M MMM $93.5 +1.03 1.11% 3,190,283 NYSE and the highest volume was again Bank of America BAC $13.33 -0.12 0.89% 85,599,925 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 $753 ($163,533 - $162,780).

MarketWatch Friday 4/1/11 4:28 by Brendan Conway says the Dow Jones Industrial Average kicked off a new quarter by touching the highest level since the summer of 2008, as investors were heartened by signs of stronger job creation in the U.S. and the lowest unemployment rate in two years. The DJIA rose for the second straight week and finished Friday with an advance of 56.99 points, or 0.46%, at 12376.72, after hitting a high since June 6, 2008, during the session. The measure was led by Caterpillar, which gained 1.6%, and General Electric, which rose 1.5%. The Standard & Poor's 500-stock index added 0.50% to 1332.41, led by industrial and financial stocks. The Nasdaq Composite Index added 0.31% to 2789.60. Those indexes also gained for the second straight week. A better-than-expected report on U.S. nonfarm payrolls, a reduction in the U.S. unemployment rate to 8.8% from 8.9%, and Institute for Supply Management data showing manufacturing in expansion mode put investors on the offensive on Friday. "The unemployment rate and payroll numbers were key barometers to assess the recovery," said Wasif Latif, vice president of equity investments at USAA Investment Management Co. "It's another key data point that confirms that the economic recovery is underway," he added. Federal Reserve policy got more attention Friday after Philadelphia Fed President Charles Plosser said the central bank may have to tighten soon, and aggressively, although New York Fed President William Dudley, one of the main advocates of easy monetary policy to support the economy, warned against premature tightening. "Fed policy is top of mind right now," said Liz Ann Sonders, chief investment strategist at Charles Schwab. "I have felt the Fed would need to, and ought to, normalize policy sooner than the market was expecting," she said, adding that "seeing some hints [of that] would be a good thing." In deal news, Nasdaq OMX Group and IntercontinentalExchange offered to buy NYSE Euronext for about $11.3 billion, a widely anticipated move that offers a 19% premium to a previous bid by Deutsche Boerse. NYSE Euronext jumped 13%. Nasdaq OMX rose 9.3% and Deutsche Boerse shed 1.7%. Office Depot slid 9% after the company said it will restate its 2010 financial results after the Internal Revenue Service denied a tax claim, which the company said will reduce full-year tax benefits by about $80 million. Krispy Kreme Doughnuts fell 21% after the company swung to a fiscal fourth-quarter loss on a charge related to a credit refinancing and weaker margins. Bill Ackman's Pershing Square Capital Management bought an 8.6% stake in transportation and real-estate company Alexander & Baldwin for $148 million, according to a Thursday filing. Shares surged 19%. Logitech International plunged 19% after the digital device maker trimmed its fiscal-2011 sales and operating income targets, primarily due to weakness in Europe, Middle East and Africa. Wynn Resorts gained 4.6% and Las Vegas Sands advanced 3.4% after Chinese government data showed Macau's gambling revenue set a new monthly record in March. Both companies are seen as benefiting from the growth.

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

AT&T T $30.62 +0.01 0.03% 38,814,822 NYSE: Sun AJC pD2 "Competition improving at airport" says AT&T's move to buy T-Mobile USA for $39 bil lifted the Dow backa bove 12,000 despite unrest in the Mid E.

Alcoa AA $17.47 -0.19 1.08% 24,798,449 NYSE: Barron's p21 "Making shares count" says Alcoa kicks off the earnings season next Monday with its report.

American Express AXP $45.36 +0.16 0.35% 4,758,501 NYSE: No mentions found.

Bank of America BAC $13.37 +0.04 0.3% 92,177,020 NYSE: No mentions found.

Boeing BA $73.98 +0.05 0.07% 3,546,626 NYSE: Barron's Cover Story & p27 "Hope, at last" by Lawrence C. Strauss says afer a decade of disappointment, GE is ready to revivie. The sotck market has scorned GE for much of the past decade and the Japan disaster isn't a plus. But after years of underperforming, GE is positioned for a strong comeback as Immelt has reshaped GE for strong growth. GE ahs trailed its arch rivals, United Technologies & Siemens. Ge has been increasing its r&D with the largest chunk on developing jet engines. GE's orders for its industrial businesses have been rebounding since the recession. Since '01, when Immelt became CEO, GE got 35% of its rev from outside the US and now it is 50% and will hit 60% soon. Loan loss provisions at GE Capital has decreased as its credit quality on its portfolio is on the mend and GE Capital's percentage of GE's net income has gone down from 50% to between 30 - 40%. GE will increases its business of supplying jet engines to Boeing.

Caterpillar CAT $113.12 +1.77 1.59% 6,055,360 NYSE: WSJ pB5 "DJIA opens the quarter with a win" by Brendan Conway says the Dow kicked off 2Q by touching the highest point since summer of '08, as investors were heartened by signs of stronger job creation in the US & the lowest jobless rate in 2 years. The Dow was led by Caterpillar which rose $1.77 and GE which leapt 29 cents.

Chevron CVX $108.32 +0.83 0.77% 6,382,812 NYSE: No mentions found.

Cisco CSCO $17.04 -0.11 0.64% 61,471,513 NASDAQ-GS: No mentions found.

Coke KO $67.22 +0.88 1.33% 9,231,413 NYSE: No mentions found.

Disney DIS $42.85 -0.24 0.56% 8,365,522 NYSE: No mentions found.

DuPont DD $55.15 +0.18 0.33% 3,545,025 NYSE: No mentions found.

ExxonMobil XOM $84.65 +0.52 0.62% 14,239,027 NYSE: No mentions found.

GE $20.34 +0.29 1.45% 48,044,479 NYSE: Barron's Cover Story & p27 "Hope, at last" by Lawrence C. Strauss says afer a decade of disappointment, GE is ready to revivie. The sotck market has scorned GE for much of the past decade and the Japan disaster isn't a plus. But after years of underperforming, GE is positioned for a strong comeback as Immelt has reshaped GE for strong growth. GE ahs trailed its arch rivals, United Technologies & Siemens. Ge has been increasing its r&D with the largest chunk on developing jet engines. GE's orders for its industrial businesses have been rebounding since the recession. Since '01, when Immelt became CEO, GE got 35% of its rev from outside the US and now it is 50% and will hit 60% soon. Loan loss provisions at GE Capital has decreased as its credit quality on its portfolio is on the mend and GE Capital's percentage of GE's net income has gone down from 50% to between 30 - 40%. GE will increases its business of supplying jet engines to Boeing.

Fin Times p2 "Obama's recovery strategy undermined by GE's tax escape" by Stephanie Kirchgaessne says on the day Obama said GE CEO Jeff Immelt would chair a new White House advisory committee on jobs & competitiveness, Obama said GE and its CEO had something to gteach business all across US about competing in the global economy. But then it turns out GE's aggressive tax strategies allowed it not to pay a cent of tax in '10 on $14.2 bil of profits.

WSJ pB5 "DJIA opens the quarter with a win" by Brendan Conway says the Dow kicked off 2Q by touching the highest point since summer of '08, as investors were heartened by signs of stronger job creation in the US & the lowest jobless rate in 2 years. The Dow was led by Caterpillar which rose $1.77 and GE which leapt 29 cents.

Hewlett-Packard HPQ $40.98 +0.01 0.02% 18,849,622 NYSE: Barron's p37 "Poor judgment at HP?" by Mark Veverka says HP made a mistake in its acquisition of Vertica software due to potential conflict of interest with a board member.

Home Depot HD $37.56 +0.50 1.35% 9,203,082 NYSE: Barron's p20 "Week Review" says Home Depot plans a $1 bil buyback of its shares.

Intel INTC $19.72 -0.46 2.28% 82,141,734 NASDAQ-GS: No mentions found.

IBM $164.27 +1.20 0.74% 4,358,190 NYSE: No mentions found.

JPMorgan JPM $46.35 +0.25 0.54% 24,225,674 NYSE: Barron's Week Review" quotes JPMorgan's Chase CEO on a US debt defaults as saying "If anybody wants to push that button, which would be catastrophic and unpredictable, I think they are crazy." [Which your Blogger has no idea what he means.]

Johnson & Johnson JNJ $59.49 +0.24 0.41% 9,852,176 NYSE: Barron's p19 "Abbott labs: unloved & undervalued" by Michael Santolli says concern about a key drug has held down Abbott's shares but it is actually undervalued. Abbott's p/e ratio is only 1 1/2 multiple points above both Merck and Pfizer's and about 1 1/2 points lower than similarly balanced Johnson & Johnson.

Kraft KFT $31.61 +0.25 0.8% 6,214,686 NYSE: No mentions found.

McDonald's MCD $75.99 -0.10 0.13% 3,849,430 NYSE: No mentions found.

Merck MRK $33.07 +0.06 0.18% 11,361,524 NYSE: Barron's p19 "Abbott labs: unloved & undervalued" by Michael Santolli says concern about a key drug has held down Abbott's shares but it is actually undervalued. Abbott's p/e ratio is only 1 1/2 multiple points above both Merck and Pfizer's and about 1 1/2 points lower than similarly balanced Johnson & Johnson.

Microsoft MSFT $25.48 +0.09 0.35% 62,592,196 NASDAQ-GS: Sun NYT pBus 3 "Microsoft + Nokia = a challenge for Apple" by Randall Stross says despite Microsoft's multiple failures with mobile phones since '02, many software developers expect Microsoft to become the second largest smartphone player worldwide. Nokia has formed an alliance with Microsoft & will switch from Symbian to Windows Phone software on its smartphones resulting i Windows Phone 7 occupying 2nd place at 20.9% of the market ahead of Apple's iOS, which will stay near 15% & BlackBerry would stay at No. 4. Android will stay No. 1.

Barron's p38 "New, turbocharged browsers" by Mike Hogan says Mozilla, Google & Microsoft have all recently rolled out more powerful browsers

Barron's p16 "Berkshrie guessing game: Gates?" by Andrew Bary says Bill Gates, Microsoft's co-founder could be tapped to run Berkshire Hathaway on an interim basis.

WSJ pA14 "Microsoft's antitrust switcheroo" says it is ironic that Microsoft who has suffered more than any at the hands of Brussels' antitrust cops, is now complaining to them about Google.

Pfizer PFE $20.38 +0.07 0.34% 27,581,403 NYSE: Barron's p19 "Abbott labs: unloved & undervalued" by Michael Santolli says concern about a key drug has held down Abbott's shares but it is actually undervalued. Abbott's p/e ratio is only 1 1/2 multiple points above both Merck and Pfizer's and about 1 1/2 points lower than similarly balanced Johnson & Johnson.

Procter & Gamble PG $62.08 +0.48 0.78% 8,099,332 NYSE: No mentions found.

3M MMM $93.13 -0.37 0.4% 3,541,225 NYSE: No mentions found.

Travelers TRV $59.71 +0.23 0.39% 3,115,018 NYSE: No mentions found.

United Technologies UTX $85.32 +0.67 0.79% 3,192,465 NYSE: Barron's Cover Story & p27 "Hope, at last" by Lawrence C. Strauss says afer a decade of disappointment, GE is ready to revivie. The sotck market has scorned GE for much of the past decade and the Japan disaster isn't a plus. But after years of underperforming, GE is positioned for a strong comeback as Immelt has reshaped GE for strong growth. GE ahs trailed its arch rivals, United Technologies & Siemens. Ge has been increasing its r&D with the largest chunk on developing jet engines. GE's orders for its industrial businesses have been rebounding since the recession. Since '01, when Immelt became CEO, GE got 35% of its rev from outside the US and now it is 50% and will hit 60% soon. Loan loss provisions at GE Capital has decreased as its credit quality on its portfolio is on the mend and GE Capital's percentage of GE's net income has gone down from 50% to between 30 - 40%. GE will increases its business of supplying jet engines to Boeing.

Verizon VZ $38.47 -0.07 0.18% 14,629,139 Dual Listed: No mentions found.

Walmart WMT $52.13 +0.08 0.15% 7,902,823 NYSE: Barron's "Week Review" says the Sup. Ct. suggested a sex bias class action suit against Walmart should not move forward.

Barron's p45 "Playing into a cyclical recovery" by Lawrence Strauss says this is the year China goes from exporting deflation to exporting inflation. Walmart for example gets 1/3 of its products from China.

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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. (Chicago, 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 as of 3/21/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $401 [5]
2. Procter & Gamble PG 243 [4]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 207 [2]
5. GE 204 [10.5]
6. IBM 190 [1]
7. WalMart WMT 184 [3.5]
8. JPMorgan Chase JPM 182 [4]
9. AT&T T 165 [6]
10. Pfizer PFE 161 [8]
11. Johnson & Johnson JNJ 160 [3]
12. Coke KO 144 [2.5]
13. Bank of America BAC 142 [10]
14. Intel INTC 111 [5.5]
15. Verizon VZ 101 [3]
16. Merck MRK 98 [3]
17. Cisco CSCO 95 [5.5]
18. Hewlett-Packard HPQ 89 [2]
19. Disney DIS 78 [2]
20. McDonald's MCD 76 [1]
21. United Technologies UTX 74 [1]
22. Caterpillar CAT 67 [.5]
23. 3M MMM 63 [.5]
24. Home Depot HD 59 [1.5]
25. Kraft KFT 54 [2]
26. American Express AXP 53 [1]
27. Boeing BA 51 [1]
28. DuPont DD 49 [1]
29. Travelers TRV 25 [.5]
30. Alcoa AA 17 [1]

Here are the latest 8K, 10Q & 10K & Proxy SEC filings as of 3/21/11:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark
3/7/11 8K re; departure of Richard G. Lindner as CFO to be replaced by John T. Stephens
3/1/11 10K re: Fiscal year ended 12/31/10

Alcoa AA: 3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA
2/17/11 10K re: Fiscal year ended 12/31/10
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

American Express AXP: 3/18/11 8K re: Reg. FD disclosures re: its Comprehensive Capital Plan re: share repurchases & dividends
3/15/11 8K re: delinquency & write-off statistics for 3 months ended 2/28/11
3/4/11 Prelim Proxy Statement re: Shareholder Meeting to be held 5/2/11 in NYC
2/2811 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: delinquency & write0off statistics for 3 months ended 1/31/11
1/18/11 8K re: comp to CEO Chanault

Bank of Am BAC: 3/17/11 8K re: issuance of $1.5 bil of 3.625% of Senior Notes due 2016
3/16/11 8K re: election of Mukesh D. Ambani to Board of Directors & Compensation & Benefit Committee & Audit Committee
1/31/11 8K re: compensation of officers
1/21/11 8K re: 4Q & FY 2010 results

Boeing BA: 3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago
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

Caterpiller CAT: 3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics
2/22/11 10K re: Fiscal year ended 12/31/10
2/18/11 8K re: dealer statistics for January

Chevron CVX:
2/24/11 10K re: Fiscal year ended 12/31/10
2/1/11 8K re: compensation to officers including CEO John Watson

Cisco CSCO 3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20
3/16 & 3/15 8Ks re: issuance of debt securities
3/9/11 8K re: recasting of fin'l stmts due to combining Asia Pacific & Japan operations
2/23/11 8K re: election of Gary B. Moore as COO
2/23/11 10Q re: Quarter ended 1/29/11

Coke KO 3/10/11 Proxy Statement re: Annual Meeting of Shareholders to be held 4/27/11 in Atlanta
2/28/11 10K re: Fiscal year ended 12/31/10
2/17/11 8K re: election of Evan G. Greenberg to Board of Directors & Audit Comm.
2/17/11 8K re: Amendment of Stock Option Plan

Disney DIS 3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.
3/2/11 Proxy Materials re: shareholder proposal re: exec compensation
2/25/11 8K re: $2.25 bil 4 year Credit Agreement
2/8/11 10Q & 2/8/11 8K re: 1Q results
1/28/11 Proxy statement for annual shareholder meeting to be held 3/23/11 at Salt Lake City, Utah

DuPont DD: 3/18/11 Proxy re: Annual Stockholders Meeting to be held on 4/27/11 in Wilmington, DE
3/8/11 8K re: retirement of Samuel W. Bodman & John T. Dillon from Board of Directors due to reaching age 72
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: 3/15/11 8K re: results of operations presentation at analyst meeting
2/28 10K/A & 2/25 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: FD Disclosure re: worldwide proved oil and gas reserve

GE: 3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah
2/25/11 10K re: Fiscal year ended 12/31/10
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

Hewlett-Packard HPQ: 3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.
3/11/11 & *k 2/22/11 re: Quarter ended 1/31/11
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

Home Depot HD: 3/2/11 8K re: approval of Stock Option Plan
2/22/11 8K re: fin'l results of fiscal year & quarter ended 1/30/11
1/12/11 8K re: promotion of Aaron Carmack as Pres. of Home Depot Canada

Intel INTC: 2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10

IBM: 3/18/11 8K re: settlement with SEC of bribery charges in Asia for $10 mil
3/8/11 8K re: FD disclosure re: presentation at investor briefing
3/7/11 Proxy rel Annual Stockholders Meeting on 4/26 in St. Louis, Mo.
2/22/11 10K re: Fiscal year ended 12/31/10

JPMorganChase JPM: 2/28/11 10K re: fiscal year ended 12/31/10
2/24/11 8K re: clsoing of public offering of $3 bil of 3.45% Notes due 2016

Johnson & Johnson JNJ : 3/16/11 Proxy re: Annual Shareholders Meeting on 4/28 in New Brunswick, NJ
3/10/11 8K re: Entering into a consent decree with the FDA regarding its oversight of JNJ's McNeil Unit plants in Puerto Rico and Pennslyvania
2/25/11 10 K e: fiscal year ended 1/2/11

Kraft KFT: 3/14/11 8K re: departure of CFO timothy R. McLevish to be replaced by David A. Brearton
2/28/11 10K re: Fiscal year ended 12/31/10
2/22/11 8K re: FD disclosure re: presentation at Consumer Analyst Group of NY

McDonalds MCD: 3/9/11 8K re: FD disclosure re: comparable sales rising 3.9% in Feb.
3/3/11 Proxy re: Annual Meeting of Shareholders on 5/19/11 at Oak Brook, Ill.
2/25/11 10K re: fiscal year ended 12/31/10
2/8/11 8K re: Jan 2011 global sales

Merck MRK: 2/28/11 10K re: Fiscal year ended 12/31/10

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

Pfizer PFE: 2/28/11 10K re: fiscal year ended 12/31/10

Procter & Gamble PG: 3/1/11 8K re: resignation of Rajat KJ. Gupta from Board of Directors
2/11/11 8K re: election of Meg Whitman to Board of Directors

3M MMM: 3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline
2/16/11 10K re: Fiscal year ended 12/31/10
2/16/11 & 2/15/11 four 8Ks re: adoption by four executives of pre-arranged trading programs

Travelers TRV: 2/17/11 10K re: Fiscal year ended 12/31/10
1/28/11 8K re: departure of Blythe McGarvie from Board
1/25/11 8K results of 4Q

United Technologies UTX: 2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ
2/10/11 10K for FY 12/31/10

Verizon Communications Inc. VZ: 3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)
2/28/11 10K re: fiscal year ended 12/31/10
2/3/11 8K re: increase to stock repurchase program

WalMart WMT: 2/22/11 8K re: revising fin'l info for prior operating results