5/20/11 Fri. am Goldman Sachs Lowers Intel's Rating to Sell

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Post No. 1,027 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, and a ranking of the Dow 30 components by market capitalization as of April 24, 2011 and Dow 30 components' SEC filings as of April 24, 2011.

A read of the print editions of Friday's Wall Street Journal, Financial Times, Investors' Business Daily, New York Times, USA Times, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) 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 12,650.18 up 80.6 or 0.65% from Wednesday's close of 12,560.18. For the year the Dow is up 8.88%. Of the 30 Dow components 19 gained and 11 declined. The biggest gainers dollar-wise were Chevron CVX $103.87 +1.01 0.98% 7,455,002 and McDonald's MCD $82.51 +1.01 1.24% 5,911,850 NYSE and percentage-wise was American Express AXP $51.82 +0.76 1.49% 6,947,862 NYSE. The biggest decliner dollar-wise was Hewlett-Packard HPQ $36.13 -0.36 0.99% 31,162,102 NYSE and percentage-wise was Intel INTC $23.54 -0.34 1.42% 98,356,453 NASDAQ-GS.

WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

Fin Times p22 "Mixed jobs & manufacturing data offset LinkedIn debut surge" by Michael Stothard says shares in LinkedIn more than doubled on their first day of trading following the firm's ipo, while the wider markets edged a little higher after a mixed set of data on US employment & manufacturing.

Investor's Business Daily pA1 "Stocks post small gains in slow trade" by Paul Whitfield says stocks spent another quiet session strolling to small gain. Thursday's action was up in slower trade while the current outlook is the market is in a correction.

NYT pB10 "Investors get a lift from LinkedIn debut" by AP says the biggest Internet stock offering since Google combined with a drop in oil prices to send the braod stock market higher.

USA Today p4B "Jobless claims fall, stocks rise on uptick in investor optimism" by Bloomberg says stocks advanced Thurs sending the S&P 500 index higher for a 2nd straight day.

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. Thursday's trailing P/E is 14.36 up from Thursday's trailing P/E of 14.31 (year ago it was 14.64); the P/E estimate is 12.74 unchanged from Thursday's P/E estimate of 12.74 (year ago it was 13.10), and the dividend yield is 2.36 down from Thursday's dividend yield of 2.37 (last year it was 2.7462). 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 1,665.54 up 5.97 from Wednesday's closing numerator of 1,659.57. 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 $55.52 up 0.30 from Wednesday's average closing price of $55.32. The median closing price of Thursday's Dow Jones Industrial Average was $47.70 (AXP/JPM) up 0.15 from Wednesday's median closing price of $47.55. The lowest volume was Travelers TRV $62.81 -0.19 0.3% 2,034,742 NYSE and the highest volume was again Bank of America BAC $11.69 -0.10 0.85% 121,097,815 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 $597 ($166,553 - $165,957).

MarketWatch Thursday 5/19/11 4:19 pm by Rex Crum says US stocks indexes closed with gains Thursday on a day highlighted by the initial public offering of LinkedIn Corp. which more-than-doubled to close at $94.25 a share. The Nasdaq Composite Index COMP +0.30% rose 8.3 points to 2,823, while the Dow Jones Industrial Average climbed by 45 points to close at 12,605. The S&P 500 Index SPX +0.22% rose almost 3 points to end the day at 1,343.

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

AT&T T $31.4 +0.20 0.64% 14,726,519 NYSE: No mentions found.

Alcoa AA $16.67 -0.02 0.12% 19,908,444 NYSE: No mentions found.

American Express AXP $51.82 +0.76 1.49% 6,947,862 NYSE: WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

Bank of America BAC $11.69 -0.10 0.85% 121,097,815 NYSE: NYT pB2 "Bank of America to sell BlackRock stake" by Susanne Craig, USA Today p1B "BlackRock to buy BoF'a stakefor $2.5 bil, say BofA is selling its investment in BlackRock, the world's largest asset manager for $187.65 or $2.55 bil for its 7% stake.

Boeing BA $78.02 +0.88 1.14% 3,346,199 NYSE: AJC pA12 "Boeing announces orders for large aircraft" says Boeing will sell 5 777s to Lufthansa and 5 767s to LAN Airlines.

Caterpillar CAT $105.3 +0.05 0.05% 8,617,470 NYSE: No mentions found.

Chevron CVX $103.87 +1.01 0.98% 7,455,002 NYSE: No mentions found.

CSCO $16.66 +0.01 0.06% 68,246,964 NASDAQ-GS: No mentions found.

Coke KO $68.46 +0.16 0.23% 6,485,813 NYSE: WSJ pB2 "Bottles shrink, prices rise in China" by Alex Frangos says Coke and other products have rolled out smaller sizes while keeping prices the same as a way to pass along increased costs to consumers.

DIS $41.38 -0.04 0.1% 10,068,654 NYSE: No mentions found.

DuPont DD $53.43 +0.14 0.26% 3,823,062 NYSE: No mentions found.

Exxon XOM $82.33 +0.59 0.72% 15,247,267 NYSE: No mentions found.

GE $19.96 +0.20 1.01% 43,105,270 NYSE: No mentions found.

Hewlett-Packard HPQ $36.13 -0.36 0.99% 31,162,102 NYSE: WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

Home Depot HD $37.39 -0.07 0.19% 7,095,142 NYSE: WSJ pB4 "Sears posts loss as sales drop" by Andria Cehng says Sears is facing competition from Home Depot and Walmart especially in large appliances.

WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

Intel INTC $23.54 -0.34 1.42% 98,356,453 NASDAQ-GS: WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

IBM $170.59 +0.15 0.09% 3,590,005 NYSE: No mentions found.

JPMorgan JPM $44 -0.08 0.18% 19,538,869 NYSE: No mentions found.

JNJ $66.39 -0.11 0.17% 9,694,203 NYSE: No mentions found.

KFT $34.99 +0.11 0.32% 8,688,385 NYSE: No mentions found.

McDonald's MCD $82.51 +1.01 1.24% 5,911,850 NYSE: WSJ pB1 "No pink slip for Ronald McDonald" by Julie Jargon, WSJ p14 "McDonald's defends Ronald as ambassador for good" by Alan Rappeport, USA Today p3B "McDonald's leader ahs Roanld's back" by Christina Rexrode say although the 43 year old mascot is under fire for marketing unhealthy food to kids, McDonald's is standing by its clown.

WSJ pC5 "Two in a row for Dow as AmEx leads way" by Brendan Conway says major stock indexes staged their 2nd straight gain as a doubling in LinkdIn's share price spurred hopes that ipo's can lure more investors into risk assets. The Dow was led by American Express which added 76 cents & McDonald's which gain 1.01. Intel dropped 34 cents after Goldman Sachs stock analysts downgraded it to Sell and lowered ratings on other chip equipment stocks, citing potential excess supply. Hewlett-Packard fell 36 cents.

MRK $37.38 -0.20 0.53% 11,414,259 NYSE: No mentions found.

MSFT $24.715 +0.025 0.1% 41,781,590 NASDAQ-GS: No mentions found.

Pfizer PFE $21.03 -0.15 0.71% 50,621,116 NYSE: No mentions found.

Procter & Gam PG $67.46 +0.08 0.12% 7,444,225 NYSE: No mentions found.

3M MMM $94.71 +0.77 0.82% 2,386,828 NYSE: AJC pA12 "3M CEO plans to sell stock worth $33 mil" says 3M CEO George Buckley will sell 350,000 3M shares.

Travelers TRV $62.81 -0.19 0.3% 2,034,742 NYSE: No mentions found.

United Technologies UTX $88.1 +0.95 1.09% 3,773,223 NYSE: No mentions found.

Verizon VZ $37.32 +0.23 0.62% 9,704,141 DualListed: Inv. Bus. Daily pA2 "Verizon to nix unlimited data" says Verizon will replace smartphone plans that allow unlimited Web access for a flat rate with a tiered pricing scheme where heavy data users will pay more.

Walmart WMT $55.48 +0.30 0.54% 7,701,149 NYSE: WSJ pB4 "Sears posts loss as sales drop" by Andria Cehng says Sears is facing competition from Home Depot and Walmart especially in large appliances.

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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 4/24/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $428 [5]
2. Procter & Gamble PG 253.5 [4]
3. Chevron CVX 217.5 [2]
4. Microsoft MSFT 214.5 [8.5]
5. GE 212 [10.5]
6. IBM 205 [1]
7. WalMart WMT 187 [3.5]
8. AT&T T 181.5 [6]
9. JPMorgan Chase JPM 178 [4]
10. Johnson & Johnson JNJ 175.5 [3]
11. Pfizer PFE 158 [8]
12. Coke KO 156 [2.5]
13. Bank of America BAC 125 [10]
14. Intel INTC 118 [5.5]
15. Merck MRK 105 [3]
16. Verizon VZ 104 [3]
17. Cisco CSCO 93.5 [5.5]
18. Hewlett-Packard HPQ 88.5 [2]
19. Disney DIS 80 [2]
20. McDonald's MCD 80 [1]
21. United Technologies UTX 80 [1]
22. Caterpillar CAT 70 [.5]
23. 3M MMM 67 [.5]
24. Home Depot HD 61.5 [1.5]
25. Kraft KFT 58.5 [2]
26. American Express AXP 56.5 [1]
27. Boeing BA 55.5 [1]
28. DuPont DD 52 [1]
29. Travelers TRV 26 [.5]
30. Alcoa AA 18 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 4/24/11:

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

AT&T T: 4/20/11 2 8Ks re: first quarter results
4/13/11 Prospectus & 4/1/aa S-4 re: offer to exchange $3.5 bil of 5.35% Global Notes due '40
3/31/11 & 3/21/11 2 8Ks re: purchase of T-Mobile USA, Inc. from Deutsche Telekom for $20 bil
3/29/11 8KA re: replacement of Richard Lindner as CFO with John J. Stephens
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: 4/21/11 10Q & 4/12/11 8K re: first quarter results ending 3/31/11
4/14/11 8K transcript re: 1Q earnings conference call
4/13/11 8K & Prospectus re: issuance of $1.2 bil of 5.4% Notes due '21 & tnender offer for 5.3% Notes due '13
3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA

American Express AXP: 4/20/11 8K re: 1Q results ending 3/31/11
4/18/11 8K re: delinquency & write-off statistics for 1Q ended 3/31/11
3/28/11 8K re new digital payments platform "Serve"
3/24/11 & 3/23 & 3/22 Proxy materials re: 2011 Annual Meeting of Shareholders at 5/2/11 at AXP Headquarters in NYC
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

Bank of Am BAC: 4/15/11 8K re: shuffling of execs, C. Noski, E. O'Keefe & B. Thompson
4/15/11 re results of 1Q ending 3/31/11
3/3011 Proxy re: Annual Meeting of Stockholders on 5/11/11 at BAC Headquarters in Charlotte, N.C.
3/23/11 8K re: submission to Fed Res. Baord of comprehensive capital plan
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

Boeing BA: 3/21/11 Annual Report to Sahreholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 4/15/11 Proxy re: Annual Meeting of Stockholders on 6/8/11 at Little Rock, Ark.
3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics

Chevron CVX: 4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11at Chevron headquarters in San Ramon, CA.
4/11/11 8K re: first quarter interim update
4/4/11 8K re: increase of exec comp.

Cisco CSCO 3/28/11 8K re: pre-arranged stock trading plan for certain execs
3/22/11 8K-A re: election of Gary B. Moore as COO
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

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 3/25/11 8K re: adoption of exec stock option plan
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

DuPont DD: 4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11in Wilmington, DE
3/31/11 S-3 shelf registration for debt securities and common stock
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

ExxonMobil XOM: 4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/25/11 in Dallas, TX
3/31/11 8K re: result of operations for 2010
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

GE: 4/21/11 8K re: first quarter results
4/18/11 proxy re: answers to shareholder's question re: CEO's stock options
4/15/11 Annual Report to Shareholders
4/711 & 3/30/11 Proxy materials re: proposal on exec comp proposal at annual meeting of shareholders on 4/27/11
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

Hewlett-Packard HPQ: 3/28/11 8K re amendment of by-laws to decrease number of directors from 17 to 13
3/22/11 8K re: info re: status of Hewlett-Packard employees as a result of Japanese earthquake
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

Home Depot HD: 4/18/11 Annual Report to Shareholders
4/15/11 proxy re: annual meeting of shareholders on 6/2/11 in Atlanta
3/31/11 8K re: underwriting agreement re: $3 bil of Senior Notes due 2021 & 2041
3/2/11 8K re: approval of Stock Option Plan

Intel INTC: 4/20/11 & 4/19/11 8Ks re: financial info & CFO commentary re: results for quarter ended 4/2/11
4/13/11 8K re: fin'l info re: recently closed acquisition of Infineon Wireless & McAfee
4/7/11, 4/5/11 & 4/4/11 Proxy materials re: annual meeting of shareholders on 5/19/11 at Intel's headquarters in Santa Clara, CA
3/21/11 8K re: fin'l info re: its McAfeesubsidiary
2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10

IBM: 4/20/11 & 4/19/11 8Ks re: CFO comments re: 1Qtr fin'l results ended 3/31/11
3/25/11 Proxy re: voting at annual meeting of stockholders on 4/26
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.

JPMorganChase JPM: 4/20/11 Proxy brochure entitled "Overview"
4/14/11 8K re: entering into consent orders with Fed. Reserve re: residential mortgage servicing activities
4/13/11 2 8Ks re: first quarter results
4/7/11 3 proxy filings re: annual meeting of shareholders on 5/17/11 in Columbus, Ohio
3/24/11 8K re: offering of $500 mil Floating Rate Notes due 2016
3/24/11 & 3/23/11 8Ks re: offering of Global Medium Term Notes

Johnson & Johnson JNJ : 4/19/11 Proxy re: annual meeting of shareholders on 4/28 in New Brunswick, NJ
4/19/11 8K re: first quarter results
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/8/11 8K re: payment of $70,0006,316 fine for violating Foreign Corrupt Practices Act
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 Pennsylvania

Kraft KFT: 4/8/11 8K & 3/14/11 8K re: departure of CFO Timothy R. McLevish to be replaced by David A. Brearton
4/5/11 8K re: entering into revolving credit agreement for $4.5 bil
3/31/11 8K & Proxy re: nomination of Dr. Peter Henry for Board of Dir at 5/24/11 annual meeting of shareholders in Skokie, Ill

McDonald's MCD: 4/21/11 8K re: first quarter results
4/15/11 Proxy re: taking points
4/13/11 Annual Report to Shareholders
4/18/11 3 Proxy filings re: annual meeting of shareholders on 5/19/11 at McDonald's Headquarters in Oak Brook, Ill & proposal to amend cert. of incorp.
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.

Merck MRK: 4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/24/11 at North Branch, NJ
4/5/11 Schedule to tender offer to shareholders of Inspire Pharmaceuticals
3/24/11 8K re: termination of agreement between Merck & Sanofi-Aventis re: Sanofi's right to buy Merck's Merial animal health subsidiary

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: 4/14/11 & 4/11/11 Proxy & 3/22/11 2 Proxy filings re: 4/28/11 annual meeting of shareholders in Dallas, TX
4/4/11 8K re: selling Capsugel subsidiary to KKR
3/24/11 Annual report to shareholders
2/28/11 10K re: fiscal year ended 12/31/10

Procter & Gamble PG: 4/11/11 8K re: declaration of 9% quarterly dividend increase
4/5/11 8K re: sale of Pringles to Diamond
3/24/11 8K re: P&G & Teva Pharmaceutical Industries partnership for OTC medicines
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: 4/7/11 8K re: results of first quarter 2011
4/6/11 8K re: executive changes re: chief accounting officer
3/29/11 Proxy material to correct errors re: prior filing re: stock ownership of directors & officers
3/24/11 annual report to shareholders
3/23/11 2 proxy filings re: 5/10/11 annual meeting of stockholders in St. Paul, Minnesota
3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline

Travelers TRV:4/21/11 10Q & 8K for quarter ended 3/31/11
4/12/11 anual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 4/20/11 8K re: first quarter results
4/19/11 8K re proposal to amend long term incentive plan
2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ

Verizon Communications Inc. VZ: 4/21/11 8K re: first quarter results
4/11/11 8K re: Verizon completion of Terremark acquisition
4/8/11 Schedule to tender offer re: Terremark acquisition
4/4/11 Proxy re; compensation proposal
3/25/11 Prospectus re: $6.25 bil notes
3/21/11 Proxy re: 5/5/11 annual meeting of shareholders in Indianapolis, Indiana
3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)

WalMart WMT: 4/19/11 annual report to shareholders
4/18/11 2 Proxy filings re: annual meeting o shareholders on 6/3/11 at U. of Ark in Fayetteville, Ark.
4/15/11 8K & 4/13/11 Prospectus re: issuance of $5 bil of notes
3/30/11 10K for fiscal year ended 1/31/11