9/3/11 Sat am Bank of America and JPMorgan sued for Bad Mortgages by Feds

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Post No. 1,197 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 29, 2011.

A read of the print editions of Monday's 9/5/11 Barron's, each of Saturday's & Sunday's San Francisco Chronicle, the combined Sat/Sun issues of the Wall St. Journal, Financial Times, and Saturday's issue of New York Times, yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 11,240.26 down 253.31 or 2.2% from Thursday's close of 11,493.57. For the week the Dow was down 44.26 or 0.04% from last Friday's close of 11,284.54. For the year the Dow is down 2.9%. Of the 30 Dow components 0 gained and all 30 declined. The biggest decliner dollar-wise was IBM $166.98 -3.35 1.97% 4,979,011 NYSE and percentage-wise was Bank of America BAC $7.25 -0.66 8.34% 305,988,590 NYSE.

WSJ pB1 "Ominous opening for Sept" by Jonathan Cheng says stocks tumbled on Fri marking the approach of fall with the worst start to Sept sincce '74. Investors sent stocks & Treasury yields sharply lower as a dismal jobs report reignited concerns about a slip back into recession.

Fin Times p13 "Mortgage mis-selling cloud hangs heavy over banks" by Ajay Makan says weak employment data & reports that a gov regulator would bring mortgage related lawsuits vs. US based banks reversed what had been a week of strong gains on Wall St.

Sat NYT pB6 "Wall St. tumbles after bleak jobs report" by Christine Hauser says a grim report on the job market & news that major banks are facing fed lawsuits hit Wall St. on Fri,sending the broader market lower as crucial fin'l & ind'l stocks spiraled down by more than 3%.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132129493. Friday's closing trailing P/E ratio is 12.54 down from Friday's trailing P/E ratio of 12.82 (year ago it was 14.10); Fri's closing P/E estimate is 11.52 up from Thursday's P/E estimate of 11.23 (year ago it was 12.50), and Friday's closing dividend yield is 2.73 up from Thursday's dividend yield of 2.65 (last year it was 2.81). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,485.17 down 33.46 from Thursday's closing numerator of 1,518.63. 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 Friday's Dow Jones Industrial Average was $49.51 down $0.71 from Thursday's average closing price of $50.62. The median closing price of Friday's Dow Jones Industrial Average was $41.57 (AXP/JPM) down $1.23 from Thursday's median closing price of $42.90. The lowest volume was 3M MMM $79.35 -2.26 2.77% 4,391,281 NYSE and the highest volume again was Bank of America BAC $7.25 -0.66 8.34% 305,988,590 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $3,346 ($151,863 - $148,517).

MarketWatch Friday 9/2/11 5:05 pm by Kate Gibson says U.S. stocks on Friday dropped for a second day, with payrolls at a standstill in August, prompting investors to worry whether the country can overcome partisan gridlock on Capitol Hill to deal with its economic challenges. “Today’s data puts the ball in the House’s hand. What can they say in response to the president’s plan for job growth? ‘No, we don’t want jobs, we want deficit cuts?’” wrote Elliot Spar, market strategist at Stifel, Nicolaus & Co., in emailed commentary. While there is much disagreement about whether the Federal Reserve should do more, Brad Sorensen, director of market and sector analysis at Charles Schwab & Co., said his firm would prefer that the central bank stay on the sidelines. “There is already plenty of liquidity in the economy, and the earnings season was good, companies certainly haven’t overhired or overextended themselves, so the corporate side is looking pretty good,” he added. The Dow Jones Industrial Average finished the session down 253.31 points, or 2.2%, at 11,240.26, logging a 0.4% weekly slide. All 30 Dow components fell, with Bank of America Corp. off 8.3% and J.P. Morgan Chase & Co. down 4.4%, after the New York Times reported the lenders to be among the big financial institutions that could be sued by the Federal Housing Finance Agency for misrepresenting the quality of mortgage securities sold at the peak of the housing bubble. The S&P 500 Index declined 30.45 points, or 2.5%, at 1,173.97, with the financial sector slammed the hardest among the benchmark’s 10 industry groups. Netflix Inc.’s shares fell 8.6% after Starz LLC cable network halted contract-renewal negotiations with the online movie-rental firm. Read commentary on how Wall Street was moved by Starz. The Nasdaq Composite Index dropped 65.71 points, or 2.6%, at 2,480.33. It managed to cling to a minor gain of 0.02% for the week. Losers outpaced winners nearly six to one on the New York Stock Exchange, where 975 million shares traded as of 4 p.m. Eastern. Composite volume topped 3.8 billion. The Labor Department reported payrolls were unchanged on the month, while the jobless rate held at 9.1%, as the first downgrade of the country’s credit, political bickering over the U.S. budget and worries about European debt had companies and consumers alike curbing expenditures. The nation's unemployment rate didn’t change in August. In addition, virtually zero jobs were added to the economy. “The story it’s telling is August was pretty weak. The debt debate in Washington hurt business confidence, and they cut back on their hiring,” said Sorensen at Charles Schwab. While the jobs report did not help the case for equities on Friday, U.S. stock futures were already lower on European-related concerns, with negotiations between Greece and its lenders grinding to a halt.
“No one was expecting a great jobs report,” according to Sorensen, who believes events overseas are an even larger concern for investors than domestic issues. “In the U.S., we’re worried about slowing growth, but we’re not worried about a financial-system collapse. There is no confidence that they know at all what they are doing over there.” Of the 493 S&P 500 companies that have so far reported results for the second quarter, with 71% tallying earnings that exceeded expectations, 10% reporting in-line earnings and 19% posting earnings below expectations, according to research compiled by Thomson Reuters. In the holiday-shortened week ahead, three S&P 500 companies are slated to report quarterly results. Altera Corp. is expected to report on its second quarter on Tuesday, National Semiconductor Corp. is scheduled for Thursday and grocer Kroger Co. is on Friday’s calendar. The market will be closed on Monday for the U.S. Labor Day holiday.

Friday's Closing Dow Numbers:

AT&T T $28.05 -0.22 0.78% 26,462,863 NYSE: Barron's p8 "Week review" says the Justice Dept sued to block AT&T's planned $39 bil purchase of T-Mobile USA, saying that merging the 2 big cellphone firms would hurt competition and likely raise prices. Also, U.S. regulators have pressed Bank of America to detail measures it would take if conditions worsen. Also, the FDIC objected to BofA's proposed $8.5 bil mortgage bound settlement & the bank agreed to sell $8 bil of stock in China Construction Bank. Also, Exxon won a major Arctic exploration deal with Russia's Rosneft, which will let Exxon invest $2.2 bil to explore major oil fields.

Barron's p3 "AT&T deal: It's still alive" by Mark Veverka, Sat NYT pB1 "AT&T plans to woo US & fight it" by Edward Wyatt say AT&T will fight the Justice Dept's lawsuit trying to block its acquisition of T-Mobile and the deal will proceed.

Fin Times p11 "DoJ lawsuit leaves AT&T's T-Mobile USA deal on hold" by Paul Taylor, WSJ pB3 "Antitrust suit hems AT&T" by Spencer Ange say the Justice Dept's lawsuit vs. AT&T's proposed $39 bil takeover of T-Mobile USA leaves AT&T little room to negotiate a settlement and an uphill struggle to win its case in court.

WSJ pB16 "Sprint remains in wireless race" by Martin Peers says this past week's gov court challenge o the AT&T T-Mobile deal was a huge victory for Sprint Next. Sprint shares at selling at a multiple of 3.2 times this year's expected Ebitda compared to 5.3 for AT&T and 4.1 for Verizon.

Alcoa AA $12.04 -0.45 3.6% 17,958,934 NYSE:

American Express AXP $48.51 -0.99 2% 8,755,573 NYSE:

Bank of America BAC $7.25 -0.66 8.34% 305,988,590 NYSE: Fin Times p1 "Regulator sues global banks over $200 bil of mortgage securities deals" by Tom Braithwaite, WSJ pA1 "US sues big banks over home mortgages" by Nick Timiraos, Sat NYT pB1 "US sues 17 mortgage institutions" by Nelson Schwartz say the Fed Housing Finance agency filled suit in NY on Friday accusing 17 int'l financial groups, including Bank of America and JPMorgan of making "Materially false" statements about thee quality of mortgages that were bundled into securities and sold, before plunging in value in the fin'l crisis.

Barron's p8 "Week review" says the Justice Dept sued to block AT&T's planned $39 bil purchase of T-Mobile USA, saying that merging the 2 big cellphone firms would hurt competition and likely raise prices. Also, U.S. regulators have pressed Bank of America to detail measures it would take if conditions worsen. Also, the FDIC objected to BofA's proposed $8.5 bil mortgage bound settlement & the bank agreed to sell $8 bil of stock in China Construction Bank. Also, Exxon won a major Arctic exploration deal with Russia's Rosneft, which will let Exxon invest $2.2 bil to explore major oil fields.

Barron's pM2 charts Bank of America saying the Fed has asked it to provide plans on how would cope with various stresses & BofA faces more mortgage suits.

Boeing BA $64.03 -2.02 3.06% 4,735,530 NYSE:

Caterpillar CAT $85.38 -3.17 3.58% 11,952,119 NYSE:

Chevron CVX $96.41 -2.11 2.14% 8,978,196 NYSE:

Cisco CSCO $15.41 -0.41 2.59% 55,198,790 NASDAQ-GS: Barron's p17 "Wake up and smell the profits" says that there are 22 S&P stocks including Cisco, Intel, JPMorgan, and Microsoft that haven't made headway over the past 10 years, even though their earnings have doubled or tripled and more in the span. Another group of firms narrowly miss being on the list because heir stock are up just slightly in the pas 10 years, despite more than doubling their earnings and this group includes Walmart.

Disney DIS $32.46 -0.92 2.76% 9,129,599 NYSE:

DuPont DD $46.76 -1.06 2.22% 6,986,574 NYSE:

Exxon XOM $72.14 -1.35 1.84% 21,071,830 NYSE: Barron's p8 "Week review" says the Justice Dept sued to block AT&T's planned $39 bil purchase of T-Mobile USA, saying that merging the 2 big cellphone firms would hurt competition and likely raise prices. Also, U.S. regulators have pressed Bank of America to detail measures it would take if conditions worsen. Also, the FDIC objected to BofA's proposed $8.5 bil mortgage bound settlement & the bank agreed to sell $8 bil of stock in China Construction Bank. Also, Exxon won a majo Arctic exploration deal with Russia's Rosneft, which will let Exxon invest $2.2 bil to expolore major oil fields.

GE $15.76 -0.44 2.72% 61,747,944 NYSE: WSJ pB2 "AIG aaircraft unit revs IPO engine" by Doug Cameron says AIG has plans for the ipo of its Int'l Lease Finance Crop unit which is the world's 2nd largest aircraft lessor. A host of new start-ups have merged to challenge ILFC and Gecas, the market leader owned by GE.

Hewlett-Packard HPQ $24.34 -1.33 5.18% 18,738,765 NYSE:

Home Depot HD $32.18 -0.75 2.28% 12,278,195 NYSE:

Intel INTC $19.64 -0.35 1.75% 42,493,737 NASDAQ-GS: Barron's p17 "Wake up and smell the profits" says that there are 22 S&P stocks including Cisco, Intel, JPMorgan, and Microsoft that haven't made headway over the past 10 years, even though their earnings have doubled or tripled and more in the span. Another group of firms narrowly miss being on the list because heir stock are up just slightly in the pas 10 years, despite more than doubling their earnings and this group includes Walmart.

IBM $166.98 -3.35 1.97% 4,979,011 NYSE:

JPMorgan JPM $34.63 -1.67 4.6% 41,675,549 NYSE: Fin Times p1 "Regulator sues global banks over $200 bil of mortgage securities deals" by Tom Braithwaite, WSJ pA1 "US sues big banks over home mortgages" by Nick Timiraos, NYT pB1 "US sues 17 mortgage institutions" by Nelson Schwartz say the Fed Housing Finance agency filled suit in NY on Friday accusing 17 int'l financial groups, including Bank of America and JPMorgan of making "Materially false" statements about thee quality of mortgages that were bundled into securities and sold, before plunging in value in the fin'l crisis.

Barron's p17 "Wake up and smell the profits" says that there are 22 S&P stocks including Cisco, Intel, JPMorgan, and Microsoft that haven't made headway over the past 10 years, even though their earnings have doubled or tripled and more in the span. Another group of firms narrowly miss being on the list because heir stock are up just slightly in the pas 10 years, despite more than doubling their earnings and this group includes Walmart.

Johnson & Johnson JNJ $64.07 -1.26 1.93% 13,713,587 NYSE: Barron's p9 "Week preview" says on Thurs. 9/8 an FDA panel considers Johnson & Johnson's stroke prevention drug.

Kraft KFT $34.27 -0.54 1.55% 8,571,787 NYSE:

McDonald's MCD $89.09 -0.98 1.09% 5,250,780 NYSE:

Merck MRK $32.37 -0.53 1.61% 13,373,610 NYSE:

Microsoft MSFT $25.8 -0.41 1.56% 43,489,408 NASDAQ-GS:
Barron's p36 "What to do with all that cash" by Tiernan Ray says Microsoft hold its annual meeting with Wall Street's analysts on Sept 14 and investors' obsession with higher dividends for tech firms will be on full display. Microsof may increase its dividend but nothing dramatic as the payout was increased by 23% last year & 18% the year before.

Barron's p17 "Wake up and smell the profits" says that there are 22 S&P stocks including Cisco, Intel, JPMorgan, and Microsoft that haven't made headway over the past 10 years, even though their earnings have doubled or tripled and more in the span. Another group of firms narrowly miss being on the list because heir stock are up just slightly in the pas 10 years, despite more than doubling their earnings and this group includes Walmart.

Pfizer PFE $18.46 0-.45 2.38% 35,057,181 NYSE:

Procter & Gamble PG $62.55 -0.71 1.12% 8,817,358 NYSE:

3M MMM $79.35 -2.26 2.77% 4,391,281 NYSE:

Travelers TRV $48.87 -1.34 2.67% 4,410,018 NYSE:

United Technologies UTX $71.04 -2.01 2.75% 4,838,630 NYSE:

Verizon VZ $35.56 -0.32 0.89% 13,663,063 DualListed: WSJ pB16 "Sprint remains in wireless race" by Martin Peers says this past week's gov court challenge o the AT&T T-Mobile deal was a huge victory for Sprint Next. Sprint shares at selling at a multiple of 3.2 times this year's expected Ebitda compared to 5.3 for AT&T and 4.1 for Verizon.

Walmart WMT $52.03 -0.62 1.18% 10,809,445 NYSE: Barron's p17 "Wake up and smell the profits" says that there are 22 S&P stocks including Cisco, Intel, JPMorgan, and Microsoft that haven't made headway over the past 10 years, even though their earnings have doubled or tripled and more in the span. Another group of firms narrowly miss being on the list because heir stock are up just slightly in the pas 10 years, despite more than doubling their earnings and this group includes Walmart.




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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 8/29/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $359 [5]
2. Microsoft MSFT 217 [8.5]
3. IBM 205.5 [1]
4. Chevron CVX 196.5 [2]
5. WalMart WMT 186 [3.5]
6. Johnson & Johnson JNJ 177.5 [3]
7. Procter & Gamble PG 173.5 [3]
8. AT&T T 173.5 [6]
9. GE 169 [10.5]
10. Coke KO 158.5 [2.5]
11. Pfizer PFE 146.5 [8]
12. JPMorgan Chase JPM 144.5 [4]
13. Verizon VZ 107 [3]
14. Intel INTC 106 [5.5]
15. Merck MRK 99.5 [3]
16. McDonald's MCD 93 [1]
17. Cisco CSCO 86 [5.5]
18. Bank of America BAC 82 [10]
19. United Technologies UTX 66.5 [1]
20. Disney DIS 61 [2]
21. Kraft KFT 61 [2]
22. American Express AXP 58.5 [1]
23. 3M MMM 58 [.5]
24. Caterpillar CAT 57 [.5]
25. Home Depot HD 54.5 [1.5]
26. Hewlett-Packard HPQ 53 [2]
27. Boeing BA 47.5 [1]
28. DuPont DD 44 [1]
29. Travelers TRV 21 [.5]
30. Alcoa AA 13 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 8/29/11:

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

AT&T T: 8/2/11 8K re: sale of global notes
8/5/11 10Q for quarter ended 6/30/11
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: 8/15/11 8K re: delinq. & write-off stats for months of May, June, and July 2011
8/3/11 10Q for quarter ended 6/30/11
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: 8/25/11 8K re: sale of securities to Berkshire Hathaway, Inc.
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: 8/18/11 8K re: 3 mos. dealer stats
8/12/11 8K re: clairifcation of order backlog
8/4/11 10Q for quarter ended 6/30/11
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: 8/4/11 10Q for quarter ended 6/30/11
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 8/24/11 8K re: pre-arranged stock trading plan for CEO John Chambers
8/10/11 8K re: 4Qtr results
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 8/24 & 8/8 8Ks re: issuance of securities as an off-alance sheet arrangement re: Coca-Cola Refreshments USA, Inc.
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 8/19/11 8K re: sale of $750 mil of Global Notes
8/19 10Q & 8/9 8K re: esults of quarter ended 7/2/11
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: 8/8/11 10Q for quarter ended 6/30/11
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: 8/4/11 10Q for quarter ended 6/30/11
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: 8/19/11 8K re: offer to purchase Autonomy Corp plc
8/18/11 8K re: 3rd Quarter results ended 7/31/11
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: 8/16/11 8K re: results of quarter ended 7/31/11
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: 8/8/11 10Q for quarter ended 7/2/11
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: 8/24/11 8K re: Master Agency Agreement re: Notes offering from time to time
8/10/11 8K re: closing of sale of $1.25 bil of 4.35% notes due 2021
8/5/11 8K re: 10Q for quarter ended 6/30/11
8/5/11 8K re: closing of sale of notes due 2016
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 : 8/9/11 10Q for equarter ended 7/3/11
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: 8/5/11 10Q for quarter ended 6/30/11
8/14/11 8K re: amendment of severance agreement with ex-CFO Tim McLevish
8/4/11 8K re: Board of Dirs. intent to spin off global snack business & a N. Amer. grocery business
8/4/11 8K re: 2nd quarter results for quarter ended 6/30/11
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: 8/19/11 8Ka re: plans to hold annual advisory vote on exec compensation
8/8/11 8K re: investors release
8/5/11 10Q for quarter ended 6/30/11
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: 8/8/11 10Q for quarter ended 6/30/11
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: 8/11 10Q for quarter ended 7/3/11
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: 8/26/11 Def. 14A Proxy Statement for Notice of Annual Meeting of Shareholder on 10/11/11
8/15/11 8K re: closing of public offering of $1 bil 1.4% Notes due '16
8/10/11 10K for year ended 6/30/11
8/5/11 8K re: results for quarter ended 6/30/11
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: 8/10/11 8K re: $1.5 bil 5 year revolving credit agreement with J.P.Morgan Chase
8/4/11 10Q for quarter ended 6/30/11
8/2/11 2 8Ks re: adopotion of executive pre-arranged stock trading plans
8/2/11 8K re: results of 2nd quarter
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: 8/8/11 8K re: restatement of articles of incorporation to cancel Series B Conv. Pref. Stock
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: 8/16/11 8K re: results for 3 and 6 months ended 7/31/11
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