8/19/11 Fri am Hewlett-Packard May Sell PC Division & Will Drop Mobiles

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Post No. 1,172 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 August 2, 2011.

A read of the print editions of Friday'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 Thursday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 10,990.58 down 419.63 or 3.68% from Wednesday's close of 11,410.24. For the year the Dow is down 5.07%. Of the 30 Dow components only Walmart gained and 29 declined. The only and biggest gainer dollar-wise and percentage-wise was Walmart WMT $51.79 +0.24 0.47% 24,269,086 NYSE. The biggest decliner dollar-wise was IBM $163.83 -7.65 4.46% 14,873,261 NYSE and percentage-wise was Alcoa AA $11.51 -0.75 6.12% 34,935,667 NYSE.

WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng, WSJ pA1 "Economy sinks markets" by Nick Timirasos say stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Fin times p20 "Low level for Philly Fed survey takes toll on materials & techs" by Ajay Makan says Wall St ahd its worst day in a week as investors reacted to higher than expected inflation & the lowest level for the Philly Fed's business survey since March '09.

NYT pA1 "Stocks fall anew on debt worries and the economy" by Graham Bowley says after just a few days of calm, stock markets heaved again on Thurs, sending major US indexes down as much as 5% on persistent worries about he economy & Europe's debt problems.

USA Today pB "Dow has another 400 point swing day - this time, down" by Bloomberg says stocks tumbled anew sending the Dow to a loss of more than 400 points for the 4th time this month in a day that could have been worse.

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. Today's trailing P/E ratio is 12.28 down from Thursday's trailing P/E ratio of 12.75 (year ago it was 13.83); Friday's P/E estimate is 11.39 unchanged from Thursday's P/E estimate of 11.39 (year ago it was 12.49), and Friday's dividend yield is 2.78 up from Thursday's dividend yield of 2.68 (last year it was 2.73). 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 1,452.18 down 55.45 from Wednesday's closing numerator of 1,507.63. 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 Thursday's Dow Jones Industrial Average was $48.41 down $1.84 from Wednesday's average closing price of $50.25. The median closing price of Thursday's Dow Jones Industrial Average was $39.74 (AXP/JPM) down $1.43 from Wednesday's median closing price of $41.17. The lowest volume was Travelers TRV $49.79 -2.41 4.62% 5,870,526 NYSE and the highest volume again was Bank of America BAC $7.01 -0.45 6.03% 331,488,702 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 lost $5,533 ($150,763 - $145,230).

MarketWatch Thurday 8/18/11 4:29 pm by Kate Gibson Mandaro says U.S. stocks sank Thursday — an unwelcome echo of last week’s extreme moves — on worries about the global economy and the health of European banks.
“Some days investors are only willing to see the glass half empty, and that certainly seems to be the case today,” said Bill Stone, chief investment strategist at PNC Asset Management Group. After falling as much as 528.61 points, the Dow Jones Industrial Average closed at 10,990.58, down 419.63 points, or 3.7%, with all but one of its 30 components shedding value. Hewlett-Packard Co. shares fell 6%, leading decliners, after the computer maker cut its full-year sales forecast in an early release of its earnings, originally expected for after the bell. It also said it was “in discussions” with British software firm Autonomy Corp. PLC for a possible offer and is exploring alternatives for its PC business. Bank of America Corp. was off 6%. The Standard & Poor’s 500 Index declined 53.24 points, or 4.5%, to 1,140.65, with energy slammed the hardest among its 10 industry groups, all of which were losing ground. The Nasdaq Composite Index dropped 131.05 points, or 5.2%, to 2,380.43. “We were ready for some kind of pullback, but it’s surprising as to how big it is today, it speaks to the general volatility,” said Ken Tower, a senior analyst at Quantitative Analysis Service. Morgan Stanley reduced its forecast for global growth, calling Europe’s policy answer to its sovereign-debt crisis insufficient. Also, U.S. regulators have intensified scrutiny of the U.S. divisions of European banks, according to The Wall Street Journal, citing people familiar with the matter. Read full story about U.S. pressing European banks. PNC’s Stone said word that the Fed is checking up on U.S. branches of European banks is not in and of itself alarming. “People seem to be thinking they’re checking because something is up, I think it’s more that’s what you do; it’s all how you look at it,” he said. U.S. economic reports were mixed. The number of Americans filing new claims for jobless benefits rose by 9,000 last week, but the four-week average, viewed as a more reliable gauge, fell to 402,500. The Conference Board reported its index of leading economic indictors grew 0.5% in July, better than the 0.4% rise expected by analysts polled by MarketWatch. The Federal Reserve Bank of Philadelphia reported factory activity in the region fell sharply in August, to negative 30.7 from 3.2 in July. The better-than-expected leading indicators report and drop in four-week average in jobless claims were “overshadowed by Europe and the Philly Fed was shockingly negative,” said Stone. “If you put a lot of stock in confidence and sentiment numbers you’d probably be pretty nervous right now, but consumers are still out there spending despite saying they have no confidence,” said Stone, who believes such measures should be taken with a grain of salt.
“The Philly Fed was ugly, but it’s a sentiment indicator, and could you possibly expect something good there with all the stuff going on?” he asked. “The data so far that we’re seeing does not indicate either we’re in a recession or headed into it. The market is concerned that all the turmoil is pushing us in that direction, but at the moment, we don’t see it,” said Stone. Tower at Quantitative Analysis concurred. “It’s just a question of growth going foward. People are worried about what would happen if the European financial system collapses, but if you look at the U.S. we’re actually in pretty good shape.”

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

AT&T T $28.46 -0.71 2.43% 45,465,300 NYSE: WSJ pB4 "AT&T drops texting plan" by Greg Bensinger says AT&T will eliminate its $10 monthly text messaging plan for new customers in favor of a $20 unlimited option.

Alcoa AA $11.51 -0.75 6.12% 34,935,667 NYSE: WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

American Express AXP $44.28 -1.58 3.45% 14,579,649 NYSE: No mentions found.

Bank of America BAC $7.01 -0.45 6.03% 331,488,702 NYSE: WSJ pC1 "Bank of America set to slice work force" by Dan Fitzpatrick says Bank of America is cutting 3,500 jobs in the current quarter or 3.5% of its work force, and is working on a broader restructuring that could eliminate thousands of additional positions. The 3,500 positions are spread across BofA and are expected to be completed by the end of Sept.

WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Boeing BA $58.93 -3.25 5.23% 8,012,693 NYSE: No mentions found.

Caterpillar CAT $83.33 -4.31 4.92% 16,691,788 NYSE:WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Chevron CVX $93.24 -4.44 4.55% 14,735,202 NYSE:WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

CSCO $15.01 -0.84 5.3% 103,520,770 NASDAQ-GS: No mentions found.

Coke KO $67.76 -1.52 2.19% 19,607,554 NYSE: WSJ pB1 "Coke to pur more into China" by James Areddy" & Bottle recylcing plan is left at the curb" by Mike Esterl, AJC pA13 "Coke strategies to grow brand in Cinga" by Jeremiah McWillians, USA Today "Coca-Cola to invest $4B in China" say Coke and its Chinese bottling partners plan to invest an additional $4 bil in China over the next 3 years.

Disney DIS $32.55 -0.82 2.46% 23,537,990 NYSE: No mentions found.

DuPont DD $44.4 -2.33 4.99% 13,328,162 NYSE: No mentions found.

Exxon XOM $70.94 -3.22 4.34% 34,702,217 NYSE: WSJ pB1 "Exxon's billion barrel secret" by Angel Gonzalez, AJC PA14 "Exxon, US gov Fighting over discovery" say a $1 bil oil field 250 south of New Orleans in the Gulf of Mexico is being claimed by Exxon even though US gov says the leases expired due to Exxon's failure to renew.

WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

GE $15.34 -0.89 5.48% 116,872,502 NYSE: No mentions found.

Hewlett-Packard HPQ $29.51 -1.88 5.99% 93,105,830 NYSE: WSJ pC10 "Hewlett sends PC business packing" by Rolfe Winkler, AJC pA14 "HP dropping its mobile product line" by Jordan Robertson, AP, Fin Times p1 "HP looks to spin off PC unit and buy Autonomy" USA Today p1B "HP considers shift from PC business" by Jon Swartz, NYT pB1 "HP weights spinning off its PC unit" by Verne Kopytoff, USA Today p2b "HP kills iPad rival TouchPad" by Scott Martin say in a dramatic reshuffling, Hewlett-Packard said Thurs that it will continue its tablet computer & smartphone products and may sell or spin off its pc division, bowing out of the consumer business in one of the most extreme makeovers in its 72 year history as CEO Leo Apotheker tries to make HP look more like IBM which makes most of its money from software & services. It will be the end of HP's TouchPad tablet, a sales dud, & its smartphones but will still sell printers.

WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Home Depot HD $32.16 -1.25 3.74% 18,347,614 NYSE: Daily Report p1 "Product claims survive in Home Depot suit" by David Gialanella says a judge in N.J. rejected argument that Home Depot as a mere lessor, is immune from claims under the Products Liability Act and that the plaintiff spoliated evidenced re: a customer renting a stump grinder in Morganville, N.J.

Intel INTC $19.77 -0.90 4.35% 91,072,924 NASDAQ-GS: No mentions found.

IBM $163.83 -7.65 4.46% 14,873,261 NYSE: No mentions found.

JPMorgan JPM $35.19 -1.38 3.77% 56,207,745 NYSE:WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Johnson & Johnson JNJ $63.16 -1.10 1.71% 23,165,804 NYSE: No mentions found.

Kraft KFT $33.81 -0.72 2.09% 15,720,709 NYSE: No mentions found.

McDonald's MCD $85.61 -1.89 2.16% 11,275,410 NYSE: USA Today p3B "Burger King freshens fast food image" by Bruce Horovitz says Burger King is tryng to compete with McDonald's by getting rid of the creepy King character and focus on fresh and healthy food.

Merck MRK $31.06 -1.14 3.54% 22,847,076 NYSE: No mentions found.

MSFT $24.67 -0.575 2.28% 104,371,128 NASDAQ-GS: No mentions found.

Pfizer PFE $17.71 -0.78 4.22% 73,280,439 NYSE: No mentions found.

Procter & Gamble PG $60.86 -0.81 1.31% 17,580,459 NYSE: No mentions found.

MMM $77.42 -3.51 4.34% 8,413,815 NYSE: No mentions found.

Travelers TRV $49.79 -2.41 4.62% 5,870,526 NYSE: No mentions found.

United Technologies UTX $68.12 -3.93 5.45% 9,506,777 NYSE: No mentions found.

Verizon VZ $35.07 -0.54 1.52% 27,979,200 DualListed: NYT pB1 "Customers feel ripples of the Verizon strike" by Steve Greenhouse says there have been disruption in Verizon's services since the strike began on Aug. 7.

WSJ pC5 "Banks and H-P take it on chin" by Jonathan Cheng says stocks tumbled amid growing fears of a global recession, as investors confronted a grim mix of US economic data and fresh concerns about Europe's banks. Among Dow firms, United Technologies fell $3.93, Alcoa lost 75 cents and Caterpillar lost $4.31. Chevron lost $4.44 and Exxon was of $3.22. Banks were under pressure as Bank of America was the biggest decliner and is charted under Bad News as it fell 45 cents and JPMorgan lost $1.38. Hewlett-Packard reversed its morning slump after it said it would spin off its PC business and is close to a $10 bil deal to acquire UK software firm Autonomy, it took the unusual step of reporting quarterly earnings during trading hours and fell $1.88 despite earnings & rev coming in line with analyst expectations.

Walmart WMT $51.79 +0.24 0.47% 24,269,086 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 Lowell McAdam (NY, NY) Lowell C. McAdam
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 8/2/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $386.5 [5]
2. Procter & Gamble PG 244 [4]
3. Microsoft MSFT 228 [8.5]
4. IBM 214 [1]
5. Chevron CVX 210 [2]
6. GE 183.5 [10.5]
7. WalMart WMT 181.5 [3.5]
8. Johnson & Johnson JNJ 175 [3]
9. AT&T T 174 [6]
10. JPMorgan Chase JPM 159 [4]
11. Coke KO 154 [2.5]
12. Pfizer PFE 145.5 [8]
13. Intel INTC 116 [5.5]
14. Verizon VZ 110.5 [3]
15. Merck MRK 106 [3]
16. Bank of America BAC 97.5 [10]
17. McDonald's MCD 89 [1]
18. Cisco CSCO 85.5 [5.5]
19. United Technologies UTX 72.5 [1]
20. Hewlett-Packard HPQ 72 [2]
21. Disney DIS 71.5 [2]
22. Caterpillar CAT 63.5 [.5]
23. 3M MMM 61 [.5]
24. Kraft KFT 60 [2]
25. American Express AXP 59 [1]
26. Home Depot HD 53 [1.5]
27. Boeing BA 51 [1]
28. DuPont DD 47 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 15.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 8/2/11:

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

AT&T T: 8/1/11 8K re: tendering of all its shares of Telefonos de Mexcio
7/21/11 8K re: 2Q results
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: 7/28/11 8K re: 5 year revolving crdit agreement with Citibank
7/21/11 10Q for Qtr ended 6/30/11
7/14/11 8K re: 2Q earnings call transcript
7/12/11 8K re: 2Q results
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: 7/20/11 8K re: 2Q results
7/15/11 8K re: delinq. & write-off stats qtr. ended 6/30/11
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: 7/19/11 8K re: 2Q results
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.

Boeing BA: 7/27/11 10Q for Qtr ended 6/30/11
7/27/11 8K re: 2Q results
6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Commerce & 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 Shareholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 7/22/11 8K re: 3 mos. dealer stats
7/22/11 8K re: 2Q results ended 6/30/11
7/12/11 8K re: segment operating results 3/31/11
7/8/11 8K re: closing of Bucyrus acquisition
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: floating rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendations 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.

Chevron CVX: 7/29/11 8K re: 2Q results
7/11/11 8K re: 2Q interim update
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 7/18/11 8K re: cutting of 6,500 jobs
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 8/1/11 10Q 2 results ended 7/1/11
7/19/11 8K re: 2Q results
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

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: 7/28/11 8K re: 2Q results
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

ExxonMobil XOM: 7/28/11 8K re: 2Q results
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: 7/29/11 10Q 2Q results ended 6/30/11
7/29/11 13F-HR Inst't'l holdings
7/22/11 8K re: 2Q results
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: 7/22/11 8KA re: frequency of advisory votes on exec comp.
7/21/11 8K re: plan to repurchase $10 bil of its shares
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: Floating Rate Global 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: amending 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

Intel INTC: 7/27/11 8K re: election of Andy D. Bryant to Board of Dirs.
7/21 & 7/20/11 8Ks re: 3Q results ended 7/2/11
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: 7/26/11 10Q & 7/19/11 & 7/18/11 8Ks re: results for quarter ended 6/30/11
7/21/11 8K re: underwriting agreement re: issuance of $2 bil of debt
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: 7/27/11 & 7/21/11 8Ks re: legal opinions re: debt issues
7/14/11 8K re: investor presentation re: 2Q results
7/14/11 8K re: 2Q results
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

Johnson & Johnson JNJ : 7/19/11 8K re: selling of Ortho Dermatologics Div.
7/19/11 8K re: 2Q results 7/3/11
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: 7/14/11 8K re: change of exec vp.
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: 7/26/11 8K re: amendment to Bylaws
7/22/11 8K re: 2Q results ended 6/30/11
7/1/11 Prospectus re: issuance of 3,430,000 shares of commons stock 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: Investor 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: 7/29/11 8K re: 2Q results
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: 7/28/11 10K year ended 6/20/11
7/21/11 8K re: 4Q & year end results
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:8/2/11 8K re: 2Q results
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: 7/12/11 8K re: quarterly dividend of 0.525 cents payable 8/15 to recorder holders on 7/22
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

3M MMM: 7/26/11 8K re: 2Q results
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 Proxy 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

Travelers TRV: 7/21/11 & 7/21/11 8K re: Qtr. ended 6/30/11
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 annual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 7/25/11 10Q & 7/2011 8K re quarter ended 6/30/11
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: 7/28/11 10Q & 7/25/11 8K re: quarter ended 6/30/11
7/22/11 8K re: replacement of Ivan Seidenberg as CEO with Lowell C. McAdam effective 8/1/11
6/24/11 8K re: Guarantee 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 of 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