7/19/11 Tues am IBM's Earnings Up 8%; Cisco Cuts 6,500 Employees

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Post No. 1,119 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 and Dow 30 components' SEC filings in each case as of July 7, 2011.

A read of the print editions of Tuesday's Wall St. Journal, Financial Times,New York Times, USA Today, 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 Monday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Monday at 12,385.16 down 94.57 or 0.76% from Friday's close of 12,479.73. For the year the Dow is up 6.98%. Of the 30 Dow components 1 gained and 29 declined. The only and biggest gainer dollar-wise and percentage-wise was Chevron CVX $106.23 +0.04 0.04% 6,946,775 NYSE. The biggest decliner dollar-wise was Boeing BA $69.55 -1.73 2.43% 7,278,089 NYSE and percentage-wise was Bank of America BAC $9.72 -0.28 2.8% 226,540,854 NYSE.

WSJ pC7 "Dow industrials sink as default jitters rise" by Brendan Conway says stocks fell to their lowest close this month as jitters over European sovereign debt & the lack of progress in US debt ceiling negotiations sparked a flight from risky assets. IBM lost 26 cents in the regular session but gained 2% after hours as it beat Wall St's 2Q earnings expectations & raised its full year earnings guidance. Bank of America was the Dow's worst performer as it shed 28 cents ahead of its 2Q Tues earnings report. Boeing was weak falling $1.73.

Fin Times p22 "Bank of America, Goldman Sachs and Wells Fargo suffer declines" by Andres Schipani says Wall St stocks closed lower despite largely solid earnings as investors remained focused on a heavy week for 2Q results led by downtrodden banks. 106 S&P 500 firms will release earnings with 26 fin'ls reporting, led by Bank of America, Goldman Sachs & Wells Fargo due on Tues.

NYT pB8 "Markets stumble on debt & deficit worries" by Matthew Saltmarsh says investors remained nervous about stress tests on European banks as well as the debt ceiling talks in Washington, leading to a sell off in stocks.

USA Today p4B "Worries about debt deal or its lack weigh stocks down' by Bloomberg says stocks fell extending last week's loss for the S&P 500 amid concern US lawmakers will fail to reach a deal on the nation's debt limit 2 weeks before a deadline. Dank of America fell the most among the Dow amid a broad bank sell off after 8 European lenders failed stress tests last week.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.05 down from Monday's trailing P/E ratio of 14.16 (year ago it was 14.43); today's P/E estimate is 12.60 unchanged from yesterday's P/E estimate of 12.60 (year ago it was 12.49), and today's dividend yield is 2.44 up from Monday's dividend yield of 2.42 (last year it was 2.74). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,636.44 down 12.5 from Friday's closing numerator of 1,648.94. 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 Monday's Dow Jones Industrial Average was $54.55 down 0.59 from Friday's average closing price of $54.96. The median closing price of Monday's Dow Jones Industrial Average was $45.58 (AXP/JPM) down 0.32 from Friday's median closing price of $45.90. The lowest volume was 3M MMM $94.6 -0.87 0.91% 2,907,358 NYSE and the highest volume again was Bank of America BAC $9.72 -0.28 2.8% 226,540,854 NYSE.

If Monday 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 $1,236 ($164,880 - $163,644).

MarketWatch Monday 7/18/11 5:03 pm by Kate Gibson says U.S. stocks fell Monday as investors worried about Europe’s debt crisis and the debate over lifting the U.S. debt ceiling ahead of a big week for corporate results. The Dow Jones Industrial Average fell 94.57 points, or 0.8%, to 12,385.16, with 29 of 30 components ending lower. The Dow last week lost 177.44 points, or 1.4%, capping its worst week in more than a month. Uncertainty surrounding high government debt levels in Europe and the U.S., and growing wariness about lawmakers’ ability to deal with them, has been pressuring stocks. “Politicians on both sides of the Atlantic are not explaining realities to the voters, and this lack of leadership, as much as anything, remains a barrier to improvements in both market and economic prospects,” said David Kelly, chief market strategist at J.P. Morgan Funds. “The reality is that any solution to U.S. debt problems will require a disciplined plan to both cut entitlement spending and raise taxes over a number of years. Any solution to the European debt problem will eventually require the richer nations in Europe to subsidize the budgets or at least the borrowing costs of their more troubled brethren,” Kelly added. Bank of America Corp. led blue-chip losses with a drop of 2.8% after Bloomberg reported the bank may need to build its capital reserves by $50 billion and break its chief executive officer’s vow to hike the firm’s dividend due to mortgage losses. Bank of America reports earnings on Tuesday, and is one of more than 100 companies in the S&P 500 slated to report quarterly results this week. “Despite an economy which appears to have grown by just 2% annualized in the first half of 2011, corporate profits have continued to surge,” noted Kelly at J.P. Morgan Funds. The Standard & Poor’s 500 Index declined 10.7 points, or 0.8%, to 1,305.44, with financial firms leading losses that swept up all of the index’s 10 industry groups. The Nasdaq Composite Index was off 24.69 points, or 0.9%, at 2,765.11. For every stock gaining, five fell on the New York Stock Exchange, where volume topped 874 million. Investors’ concerns included Europe’s debt crisis and debt-ceiling talks in Washington, where lawmakers face an Aug. 2 deadline for raising the debt limit. In Europe, European Union leaders plan a summit on Thursday as they attempt to prevent the region’s troubles from spreading. “Concerns about debt in Greece, Portugal, Ireland and Spain have now spread to Italy,” said Kelly at J.P. Morgan Funds. In Washington, House Republicans have set a vote for Tuesday on what could prove to be a symbolic gesture, as Democratic leaders say the GOP’s plan cannot pass the Senate. “While the vast majority of lawmakers recognize that not raising the debt ceiling would lead to economic and financial disaster, the negotiating parties appear willing to tussle all the way down to the wire,” said Kelly. There may be some similarities between the companies, and even CEOs Mason and Pincus, but, writes John Shinal, it's wise to be apprised of distinctions. On the New York Mercantile Exchange, oil futures fell to just under $96 a barrel, and gold futures closed at a record $1,602.40 an ounce. Stocks continued their slide after a measure of builder confidence showed a bit of improvement in July, with the National Association of Home Builders sentiment index rising two points to 15 in July. “The number is well below the break even level of 50 that separates growth from contraction. The poor state of the industry is at the same time no news to anyone,” said Peter Boockvar, equity strategist at Miller Tabak. Financial stocks were particularly hard hit Monday, weighed by concerns that recent European bank stress tests under-represented banks’ sensitivity to a sovereign-debt default and a selloff in insurer stocks.
Genworth Financial Inc., leading decliners on the S&P 500, after fellow mortgage insurer MGIC Investment Corp. reported a loss as loan defaults rose. Allstate Corp. shares slid 5% on uncertainty over a management shake-up. Read more on movers and shakers. Also among the S&P 500’s biggest movers, shares of News Corp. fell 4.3%. The media company, which is publisher of this report, contended with a phone-hacking scandal at its recently shuttered News of the World paper in Britain.

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

AT&T T $30.12 -0.19 0.63% 21,933,717 NYSE: No mentions found.

Alcoa AA $15.17 -0.31 2% 22,636,721 NYSE: No mentions found.

American Express AXP $51.33 -0.48 0.93% 5,076,988 NYSE: No mentions found.

Bank of America BAC $9.72 -0.28 2.8% 226,540,854 NYSE: WSJ pC7 "Dow industrials sink as default jitters rise" by Brendan Conway says stocks fell to their lowest close this month as jitters over European sovereign debt & the lack of progress in US debt ceiling negotiations sparked a flight from risky assets. IBM lost 26 cents in the regular session but gained 2% after hours as it beat Wall St's 2Q earnings expectations & raised its full year earnings guidance. Bank of America was the Dow's worst performer as it shed 28 cents ahead of its 2Q Tues earnings report. Boeing was weak falling $1.73.

USA Today p4B "Worries about debt deal or its lack weigh stocks down' by Bloomberg says stocks fell extending last week's loss for the S&P 500 amid concern US lawmakers will fail to reach a deal on the nation's debt limit 2 weeks before a deadline. Dank of America fell the most among the Dow amid a broad bank sell off after 8 European lenders failed stress tests last week.

Fin Times p22 "Bank of America, Goldman Sachs and Wells Fargo suffer declines" by Andres Schipani says Wall St stocks closed lower despite largely solid earnings as investors remained focused on a heavy week for 2Q results led by downtrodden banks. 106 S&P 500 firms will release earnings with 26 fin'ls reporting, led by Bank of America, Goldman Sachs & Wells Fargo due on Tues.

Boeing BA $69.55 -1.73 2.43% 7,278,089 NYSE: Fin Times p14 "Suppliers braced for aircraft orders boom" by Jeremy Lemer & "Boeing's 787 ready for take off after 3 year delay" by Hal Weitzman & "Lessons from past mistakes shape United Tech's supply policies" says aircraft manufacturers' supply chain is showing signs of stress as they are unable to meet demand. Airbus & Boeing are increasing production rates of existing single aisle aircraft. United Technologies during the last up cycle between ;03 & '08 admitted they struggled to meet aircraft engine delivery schedules amid shortages of critical parts such as castings & bearings. Boeing's first 787 dreamliner, is new fuel efficient wide bodied jet should final be delivered to Nippon Airways its launch customers within the next 2 months.

WSJ pC7 "Dow industrials sink as default jitters rise" by Brendan Conway says stocks fell to their lowest close this month as jitters over European sovereign debt & the lack of progress in US debt ceiling negotiations sparked a flight from risky assets. IBM lost 26 cents in the regular session but gained 2% after hours as it beat Wall St's 2Q earnings expectations & raised its full year earnings guidance. Bank of America was the Dow's worst performer as it shed 28 cents ahead of its 2Q Tues earnings report. Boeing was weak falling $1.73.

Caterpillar CAT $107.8 -1.56 1.43% 6,867,412 NYSE: No mentions found.

Chevron CVX $106.23 +0.04 0.04% 6,946,775 NYSE: No mentions found.

Cisco CSCO $15.435 -0.155 0.99% 45,154,047 NASDAQ-GS: WSJ pB3, "Cisco to slice 6,500 employees" by Don Clark, USA Today p1B "Cisco to cut 6,500 jobs after ambitious expansion plans" by Jon Swartz, NYT pB7 "Cisco cutting 6,500 workers to lower costs" by AP, AJC pA8 "Cisco cuts costs by cutting 6,500 employees" say Cisco is cutting 6,500 employees, 9% of its workforce, to cut costs and include 2,100 who chose early retirement. It will cut 15% of its employees at and below the vp level and offer severance pay.

Coke KO $67.12 -0.41 0.61% 7,386,613 NYSE: Fin Times p16 "Pepsi takes aim at Coke's ad icons" by Alan Rappeport says the battle of the cola brands are escalating as Pepsi has launched tv ads in the US casting Sana Claus & polar bears, class Coke mascots, as converts to Pepsi.

Disney DIS $38.75 -0.52 1.32% 11,283,722 NYSE: No mentions found.

DuPont DD $53.47 -0.62 1.15% 4,259,133 NYSE: No mentions found.

Exxon XOM $82.65 -0.35 0.42% 17,332,439 NYSE: No mentions found.

GE $18.29 -0.12 0.65% 39,210,686 NYSE: Fin Times p13 "HNA vies for GE's container leasing unit" by Jeremy Lemer says HNA group of China, is the leading bidder for GE SeaCo, the container leasing bushiness put on the block by Ge and its jv partners which could bring up to $3 bil including debt.

Hewlett-Packard HPQ $35.02 -0.07 0.2% 15,320,764 NYSE: No mentions found.

Home Depot HD $35.69 -0.22 0.61% 6,889,056 NYSE: No mentions found.

Intel INTC $22.28 -0.09 0.4% 45,156,507 NASDAQ-GS: No mentions found.

IBM $175.28 -0.26 0.15% 8,837,604 NYSE: WSJ pB3 "For IBM, picture looks bright" by Shara Tibken, NYT pB3 "IBM helped by sales of new mainframes bets analysts' 2Q forecasts" by Steve Lohr, AJC pA8 ""3 categories boost IBM earnings by 8%" say IBM raised its income guidance for the year as earnings in the latest quarter increased 8% due to gorwth in all 3 of its major product categories as it links its mainframes and hardware with its newer businesses, software & services. Net income was $3.66 bil in 2Q vs $3.39 bil a year ago. Rev increased 12% to $26.7 bil, ahead of $25.4 bil analyst estimate.

WSJ pC7 "Dow industrials sink as default jitters rise" by Brendan Conway says stocks fell to their lowest close this month as jitters over European sovereign debt & the lack of progress in US debt ceiling negotiations sparked a flight from risky assets. IBM lost 26 cents in the regular session but gained 2% after hours as it beat Wall St's 2Q earnings expectations & raised its full year earnings guidance. Bank of America was the Dow's worst performer as it shed 28 cents ahead of its 2Q Tues earnings report. Boeing was weak falling $1.73.

JPMorgan JPM $39.83 -0.15 0.38% 47,570,195 NYSE: No mentions found.

Johnson & Johnson JNJ $67.09 -0.36 0.53% 10,353,603 NYSE: WSJ pB8 "J&J board creates panel in response to lawsuits" by Peter Loftus says Johnson & Johnson's board created a regulatory and compliance committee but decided not to sue certain copany officials in connection with recent manufacturing & legal challenges. Certain shareholders have brought derivative lawsuits against CEO William Weldon and other officers and directors. Separately, a fed judge dismissed a lawsuit by consumers who bought otc medicines including Tylenol.

Kraft KFT $35.18 -0.19 0.54% 8,479,344 NYSE: No mentions found.

McDonald's MCD $85.4 -0.08 0.09% 5,402,218 NYSE: No mentions found.

Merck MRK $35.49 -0.44 1.22% 10,607,554 NYSE: No mentions found.

Microsoft MSFT $26.59 -0.19 0.71% 44,453,986 NASDAQ-GS: No mentions found.

Pfizer PFE $19.64 -0.11 0.56% 34,721,233 NYSE: No mentions found.

Procter & Gamble PG $64.55 -0.28 0.43% 13,324,198 NYSE: No mentions found.

3M MMM $94.6 -0.87 0.91% 2,907,358 NYSE: No mentions found.

Travelers TRV $56.52 -1.38 2.38% 4,230,113 NYSE: No mentions found.

United Technologies UTX $87.62 -0.70 0.79% 3,510,847 NYSE: Fin Times p14 "Suppliers braced for aircraft orders boom" by Jeremy Lemer & "Boeing's 787 ready for take off after 3 year delay" by Hal Weitzman & "Lessons from past mistakes shape United Tech's supply policies" says aircraft manufacturers' supply chain is showing signs of stress as they are unable to meet demand. Airbus & Boeing are increasing production rates of existing single aisle aircraft. United Technologies during the last up cycle between ;03 & '08 admitted they struggled to meet aircraft engine delivery schedules amid shortages of critical parts such as castings & bearings. Boeing's first 787 dreamliner, is new fuel efficient wide bodied jet should final be delivered to Nippon Airways its launch customers within the next 2 months.

Verizon VZ $36.71 -0.11 0.3% 10,789,605 DualListed: No mentions found.

Walmart WMT $53.32 -0.31 0.58% 8,216,828 NYSE: No mentions found.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (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 7/7/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $404 [5]
2. Procter & Gamble PG 260 [4]
3. Microsoft MSFT 224.5 [8.5]
4. Chevron CVX 214 [2]
5. IBM 214 [1]
6. GE 204.5 [10.5]
7. WalMart WMT 190.5 [3.5]
8. Johnson & Johnson JNJ 185.6 [3]
9. AT&T T 185 [6]
10. JPMorgan Chase JPM 165 [4]
11. Pfizer PFE 161 [8]
12. Coke KO 157.5 [2.5]
13. Intel INTC 123 [5.5]
14. Verizon VZ 110.5 [3]
15. Merck MRK 110 [3]
16. Bank of America BAC 110 [10]
17. McDonald's MCD 89 [1]
18. Cisco CSCO 87 [5.5]
19. United Technologies UTX 83 [1]
20. Hewlett-Packard HPQ 75.5 [2]
21. Disney DIS 75.5 [2]
22. Caterpillar CAT 72 [.5]
23. 3M MMM 69 [.5]
24. American Express AXP 64.5 [1]
25. Kraft KFT 63 [2]
25. Home Depot HD 59 [1.5]
27. Boeing BA 55.5 [1]
28. DuPont DD 52 [1]
29. Travelers TRV 25 [.5]
30. Alcoa AA 17.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 7/7/11:

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

AT&T T: 6/27/11 8K re: minor amendments to Bylaws
5/6/11 10Q for quarter ended 3/31/11
5/5/11 8K re: voting results of 4/29 Annual Meeting of Stockholders
4/29/11 8K re: sale of $3 bil of Global Notes due '16 & '21
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

Alcoa AA: 6/2/11 8K re: Regulation FD disclosure re: Internal Relations Presentation of "Nomura Aluminum Seminar"
5/31/11 8K re: redemption of notes due '13
5/18/11 8K re: Chris Ayers elected Pres. of AA Blobal Primary Products
5/11/11 8K re: retirement of Joe Gorman from Bd. of Dires
5/6/11 8K re: Issuance of Sustainability Highlights Report
4/29/11 8K re: tender offer for 6% '13 Notes
4/29/11 8K re: grants under Stock Incentive Plan
4/27/11 Proxy materials re: exec comp
4/21/11 10Q & 4/21/11 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: 6/15/11 8K re: U.S. Card Services delinquency & write-off statistics for 3 months ended 5/31/11
5/16/11 re: delinquency & write-off stats for period ended 4/30/11
5/5/11 8KA & 8K re: appointment & compensation of David Cornish as Acting Comptroller
5/4/11 10Q quarter ended 3/31/11
4/26/11 8K re: departure of Comptroller & also Deputy Comptroller
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: 7/6/11 8KA re: settlement of Countrywide mortgage claims
6/29 8K re: election of Bruce R. Thompson as CFO
5/11/11 8K re: Voting results of Stockholders Annual Meeting held 5/16
5/5 10Q for quarter ended 3/31/11
5/2/11 8K re: update of legal opinion re: Medium-Term Notes
4/28/11 Proxy re: voting at 5/11 Stockholder Meeting and info re: independence of nominee for Board
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: 6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Comerce & amendment of By-Laws to decrease number of directors from 12 to 11
5/3/11 8K re: amending bylaws decreasing Board from 13 to 12
4/27 10Q & 4/27/11 8K re: quarter ended 3/31/11
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: 6/20/11 8K re: 3 months dealer statistics ended 5/31/11
6/9/11 8K re: voting results of 6/8 Annual Stockholders Meeting
6/8/11 two 8Ks re: press release and declaration of 0.46 cents per share dividend payable 8/20 for record holders on 7/20
5/26/11 8K re: underwriting agreement re: floting rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendingations at upcoming annual meeting of stockholders
5/23/11 Proxy re: voting reminder re: 6/8 Meeting of Stockholders
5/23/11 8K re: revisions to 10K fin'l statements
5/19/11 8K re: dealer stats
5/9/11 10Q for quarter ended 3/31/11
4/29/11 8K re: info re: sales to dealers
4/29/11 8K re fin'l results quarter ended 3/31/11
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

Chevron CVX: 6/1/11 8K re: results of votes at 5/25 Annual Stockholder Meeting
5/31/11 8K re: receipt of imminent danger order under Fed. Mine Safety Act re: Kemmerer Mine, Lincoln, WY and the vacating of the order on 5/26
5/5/11 10Q & 4/29/11 8K re quarter ended 3/31/11
4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11 at Chevron headquarters in San Ramon, CA.

Cisco CSCO 6/22/11 8K re: executives' pre-arranged stock trading plans
5/25/11 10Q re: Qtr ended 4/30/11
5/11/11 8K re: results of quarter ended 4/30/11
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

Coke KO 5/2/11 10Q & 4/26/11 8K for quarter ended 4/1/11
4/29/11 8K re: voting results of Annual Meeting of Shareholders held on 4/27
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.

Disney DIS 5/20/11 8K re: sales of $500 mil 3.75% Global Notes Due '21
5/10 8K & 5/10/11 10Q re: quarter ended 4/2/11
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.

DuPont DD: 5/24/11 8K re: completion of acquisition of 92.2% of shares of Danisco SA
5/5/11 8K re: tender offer for Danisco
5/3/11 8K re: voting results of 4/27 Annual Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11 in 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: 5/31/11 8K re: results of voting of 5/25 Annual Shareholders Meeting
5/6/11 Proxy re: add'l material re: advisory vote on exec comp
5/5/11 10Q & 4/28/11 for quarter ended 3/31/11
4/29/11 8K re: amendment of bylaws making Treasurer also CFO
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

GE: 5/6/11 10Q for quarter ended 3/31/11
5/2/11 8K re: voting results of 4/27 Annual Meeting of Shareholders
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

Hewlett-Packard HPQ: 6/16/11 8K re: election of Ann Livermore to Board of Directors, her resignation as Exec. VP & amendment to By-Laws to increase number of directors from 13 to 14
6/8/11 10Q re: Quarter ended 4/30/11
6/1/11 8K re: underwriting agreement re: Flaoting Rate Glboal Notes due '14 through '21
5/7/11 8k re: fin'l results for quarter ended 4/30/11
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.

Home Depot HD: 6/7/11 8K re: amnding by-laws re voting by consent for shareholders
6/8/11 10Q re: Quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 5/1/11
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

Intel INTC: 5/24/11 8K re: Voting results of 5/19/11 Annual Meeting of Stockhodlers
5/17/11 8K re: FD disclosures re: investor Meeting
5/11/11 8K re: increase in 3rd Quarter dividend
5/9/11 8K & 5/9/11 10Q for quarter ended 4/2/11
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

IBM: 5/11/11 8K re: issuance of $1 bil of debt
4/28/11 8K re: voting results of 4/26/11 Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
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: 6/29/11 8K re: closing of $2.5 bil issue of 3.15% Notes due 2016
6/21/11 8K re: closing of $400 mil flotating rate senior med-term notes dues '14
5/24/11 8K re: legal opinion re: $500 mil Floating Senior Medium Term Notes due '16
5/23/11 8K Voting results of Shareholder Meeting held 5/17/11
5/10/11 8K re: legal opinion re: $2 bil of 4.6% Notes due '21
5/6/11 10Q for quarter ended 3/31/11
4/29/11 8K re: legal opinion for $2 bil Floating Senior Medium Term Notes
4/29/11 8K re: registering Global Notes
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 : 5/20/11 8K re: sale of over $4 bil of Notes due '13 - '41
5/2/11 8K re: merger agreement with Synthes
4/29/11 8K re: voting results of 4/28 Meeting of Shareholders
4/27/11 8K re: offer to buy Synthes for $21.3 bil
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: 7/1/11 8K re: departure of CFO timothy R. McLevish (change to termination agreement)
5/31/11 8K re: results of 5/24 Annual Shareholder Meeting
5/6/11 10Q & 5/5/11 8K for quarter ended 3/31/11
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: 7/1/11 Prospectus re: issuance of 3,430,000 shares of commons tock in Direct Stock Purchase Plan
6/10/11 8K re: press release re: global sales rising 3.1% in May
5/23/11 8K re: voting results of 5/19 Shareholder Meeting
5/20/11 8K re: issuance of $400 mil Medium-Term Notes
5/16/11 proxy material re: stock options
5/9/11 8K re: Invetor Release re: April sales
5/6/11 10Q for quarter ended 3/31/11
5/3/11 proxy materials re: reminder how to vote
4/21/11 8K re: first quarter results
4/15/11 Proxy re: talking 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: 5/27/11 8K re: Voting results of 5/24 Annual Meeting of Shareholders
5/9/11 10Q & 4/29/11 8K re: quarter ended 3/31/11
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: 5/10/11 8K re: purchase of Skype for $8.5 bil in cash
4/28/11 10Q & 4/28/11 8K for quarter ended 3/31/11
2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016

Pfizer PFE: 5/12/11 10Q & 5/3/11 8K for quarter ended 4/3/11
5/3/11 8K re: voting results of shareholder Meeting held on 4/28
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

Procter & Gamble PG: 7/1/11 Prelim Proxy re: Annual Shareholder Meeting 10/11/11 in Cincinnati
5/12/11 8KA re: election of Margaret Whitman to Board
5/4/11 8K re: retirement of Ed Shirley as Vice Chair, Beauty & Grooming
4/29/11 10Q & 4/28/11 8K for quarter ended 3/31/11
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: 5/26/11 8K re: restatement of Form 10K re: produ8ct moves between busienss segments
5/18/11 2 8Ks re: pre-arranged stock trading plans for General Counsel & CEO respectively
5/16/11 8K re: election of Inge Thulin as EVP & COO
5/11/11 8K re: voting results from 5/10/11 Annual Meeting of Stockholders
5/5/11 10Q & 4/26/11 for quarter ended 3/31/11
4/26/11 Porxy material re: how to vote at 5/10 Annual Meeting of Stockholders
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: 6/10/11 8K re: fin'l info re: annual investor conference
6/1/11 re: Voting results of 5/26 annual shareholders meeting
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: 6/9/11 8K/A re: amendment of 4/13 8K re: frequency of intent to take shareholder advisory votes
4/25/11 10Q for quarter ended 3/31/11
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: 6/24/11 8K re: Gurantee of debentures of 10 domestic telephone subsidiaries
5/10/11 8K re: voting results from 5/5/11 Annual Meeting of Shareholders
4/28/11 10Q for quarter ended 3/31/11
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: 6/9/11 8K re: voting results of 6/3 annual shareholders meeting
6/3/11 10Q re: quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 4/30/11
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