12/13/11 Tues am Intel Lowers Rev Expectations; Pfizer Ups Dividends & Buyback

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Post No. 1,368 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 December 1, 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 12,021.39 down 162.87 or 1.34% from Friday's close of 12,184.26. For the year the Dow is up 3.83%. Of the 30 Dow components only Disney and McDonald's gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $98.48 +0.45 0.46% 5,707,378 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.24 -2.73 2.84% 6,268,704 NYSE and percentage-wise was Bank of America BAC $5.45 -0.27 4.72% 186,459,098 NYSE.

WSJ pC4 "Bullishness fades; Dow does, too" by Brendan Conway says sharp criticisms of last week's European sovereign debt summit by credit rating firms sent US stocks stumbling, underscoring investor worries that Europe's crisis will last well into next year and could still trigger a global recession. Fin'l stocks had the biggest declines as Bank of America lost 27 cents. A profit warning at Intel was another factor weighing on major indexes. Diamond Foods is charted under Bad News as it will miss a filing deadline which throws a wrench into plans to buy Pringles from Procter & Gamble.

Fin Times p24 "Semiconductors in sharp sell off after Intel lowers revenue outlook" by Ajay Makan says semiconductor manufacturers sold off sharply after Intel lowered 4Q rev guidance by $1bil to $13.7 bil. Diamond Foods' prospective takeover of Pringles from Procter & Gamble appeared to be on ice again as diamond failed to publish its quarterly earnings report on schedule as its auditor investigates allegations of inappropriate payments to walnut growers.

NYT pB1 "Rating agency warnings bring down the markets" by Liz Alderman says the market euphoria over last week's deal by European leaders to shore up the euo union succumbed to a darker mood Mon. Shares of Intel lost 4%.

USA Today p4B "Stocks retreat after investors question results of EU summit" by Bloomberg says stocks fell Mon after a 2 week rally as investors feared last week's summit did little to ease pressure on Europe's struggling governments and Intel cuts its rev forecast.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C6 of today's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 13.00 down from yesterday's trailing P/E ratio of 13.18 (year ago it was 14.57); today's P/E estimate is 12.33 unchanged from Monday's P/E estimate of 12.33 (year ago it was 13.34), and today's dividend yield is 2.63 up from yesterday's dividend yield of 2.59 (last year it was 2.52). 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 1,588.38 down 21.51 from Friday's closing numerator of 1,609.89. 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 $52.95 down 0.71 from Friday's average closing price of $53.66. The median closing price of Monday's Dow Jones Industrial Average was $41.98 (DD/HD) down $0.71 from Friday's median closing price of $42.69. The lowest volume was Travelers TRV $55.83 -0.19 0.34% 4,339,776 NYSE and the highest volume again was Bank of America BAC $5.45 -0.27 4.72% 186,459,098 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 $2,151 ($160,989 - $158,838).

MarketWatch Monday 12/12/11 4:10 pm by Laura Mandaro says US stocks closed broadly lower Monday as ratings agencies and investors cast doubts on the effectiveness of a European Union agreement that was met with some fanfare by markets Friday. The Dow Jones Industrial Average DJIA -1.34% fell 162.87 points, or 1.3%, to 12,021.39. More than 4% drops in Bank of America Corp. BAC -4.72% and Intel Corp. INTC +0.13% shares led declines for all but two of the index's 30 components. Intel tumbled after the chipmaker issued a sales warning. The S&P 500 SPX -1.49% dropped 18.72 points, or 1.5%, to 1,236.47, led by pullbacks in financials and natural-resource sectors. The Nasdaq Composite COMP -1.31% lost 34.59 points, or 1.3%, to 2,612.26.

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

AT&T T
$29.01 -0.02 0.07% 25,274,813 NYSE: Fin Times p18 "AT&T and D Telekom to review deal" by Paul Taylor, WSJ pB3 "Revisions weighed for AT&T deal" by Anton Troianovski, USA Today p1B "AT&T's antitrust trial put on hold" by Tom Schoenberg, NYT pB4 "Antitrust suit in AT&T bid for T-Mobile is delayed" by Ed Wyatt, AJC pA17 "Jutice Dept cancels AT&T trial" by Nedra Pickler, AP say AT&T and Deutsche Telekon edged closer to abandoning AT&T's $39 bil acquisition of T-Mobile in its current form, putting a court fight with the Justice Dept on hold as they focus on coming up with alternatives to the deal.

Alcoa AA
$9.35 -0.29 3.01% 21,227,622 NYSE: No mentions found.

American Express AXP
$47.89 -0.91 1.86% 4,970,130 NYSE: No mentions found.

Bank of America BAC
$5.45 -0.27 4.72% 186,459,098 NYSE: WSJ pC4 "Bullishness fades; Dow does, too" by Brendan Conway says sharp criticisms of last week's European sovereign debt summit by credit rating firms sent US stocks stumbling, underscoring investor worries that Europe's crisis will last well into next year and could still trigger a global recession. Fin'l stocks had the biggest declines as Bank of America lost 27 cents. A profit warning at Intel was another factor weighing on major indexes. Diamond Foods is charted under Bad News as it will miss a filing deadline which throws a wrench into plans to buy Pringles from Procter & Gamble.

Boeing BA
$70.9 -1.03 1.43% 5,433,431 NYSE: WSJ pB5 "Boing's 737 Max gets neary 800 commitments" by David Kesmodel says Boeing has these orders from a dozen customers.

Fin Times p18 "Jet fighers in battle to supply Japan" by Carola Hoyos says Japn will decide soon which new fighter jets to buy in a miserable year for military aircraft producers. Bidding are Boeing with its F/A-18 Super Hornert, EADS' Eurofighter & Lockheed Martin consortium's F35.

Caterpillar CAT
$93.24 -2.73 2.84% 6,268,704 NYSE: No mentions found.

Chevron CVX
$103.07 -1.18 1.13% 7,429,418 NYSE: No mentions found.

CSCO
$18.53 -0.35 1.85% 43,683,484 NASDAQ-GS: No mentions found.

Coke KO
$66.87 -0.70 1.04% 5,824,568 NYSE: No mentions found.

Disney DIS
$36.65 +0.09 0.25% 9,990,237 NYSE: No mentions found.

DuPont DD
$43.91 -1.13 2.51% 8,323,549 NYSE: No mentions found.

Exxon XOM
$80.05 --1.29 1.59% 17,503,256 NYSE: No mentions found.

GE
$16.46 -0.38 2.26% 60,466,019 NYSE: No mentions found.

Hewlett-Packard HPQ
$27.34 -0.56 2.01% 19,278,901 NYSE: WSJ pB5 "Hewlett-Packard Gen'l Counsel departs in latest high profile exit" says Micahel M. Holston, is leaving the latest in a string of high profile departures.

WSJ pC10 "Seeking Intel on chips" by rolfe Winkler Intel said on Mon that rev and gross margins will be lower than expected partly due to flooding in Thailand where hard drive manufacturing is concentrated. Intel is threatened by chips based on the technology of rival ARM Holdings as Microsoft is making its Windows operating system compatible with ARM chips that will be cheaper than Intel's. Hewlett-Packard plans to push new ARM-based PCs.

Home Depot HD
$40.05 -0.18 0.45% 10,836,441 NYSE: No mentions found.

Intel INTC
$24 -1.01 4.04% 94,061,384 NASDAQ-GS: Fin Times p15 "Intel warns on revenues after floods in Thailand" by Chris Nuttall, WSJ pB4 "Intel cuts its outlook" by Shara Tirken, WSJ pC10 "Seeking Intel on chips" by Rolfe Winkler, NYT p1 "Intel sees opportunity in shortage of drives" by Quentin Hardy say Intel said on Mon that rev and gross margins will be lower than expected partly due to flooding in Thailand where hard drive manufacturing is concentrated. Intel is threatened by chips based on the technology of rival ARM Holdings as Microsoft is making its Windows operating system compatible with ARM chips that will be cheaper than Intel's. Hewlett-Packard plans to push new ARM-based PCs.

WSJ pC4 "Bullishness fades; Dow does, too" by Brendan Conway says sharp criticisms of last week's European sovereign debt summit by credit rating firms sent US stocks stumbling, underscoring investor worries that Europe's crisis will last well into next year and could still trigger a global recession. Fin'l stocks had the biggest declines as Bank of America lost 27 cents. A profit warning at Intel was another factor weighing on major indexes. Diamond Foods is charted under Bad News as it will miss a filing deadline which throws a wrench into plans to buy Pringles from Procter & Gamble.

Fin Times p24 "Semiconductors in sharp sell off after Intel lowers revenue outlook" by Ajay Makan says semiconductor manufacturers sold off sharply afer Intel lowered 4Q rev guidance by $1bil to $13.7 bil.

USA Today p4B "Stocks retreat after investors question results of EU summit" by Bloomberg says stocks fell Mon after a 2 week rally as investors feared last week's summit did little to ease pressure on Europe's struggling governments and Intel cuts its rev forecast.

IBM
$192.18 -2.38 1.22% 3,741,710 NYSE: No mentions found.

JPMorgan JPM
$32.09 -1.09 3.29% 33,343,551 NYSE: WSJ pC3 "Appetite fro Corzine bonds" by Geg Zuckerman says JPMorgan, Georgge Soro and other large hedge funds bought Italian bonds hat were recently owned by MF Global Holdings. They were sold after MF Global's Oct. 31 bankruptcy fuiling.

Johnson & Johnson JNJ
$63.51 -1.02 1.58% 10,614,529 NYSE: No mentions found.

Kraft KFT
$36.42 -0.28 0.76% 5,660,212 NYSE: No mentions found.

McDonald's MCD
$98.48 +0.45 0.46% 5,707,378 NYSE: WSJ pB1 "Asia delivers for McDonald's" by Julie Jargon, WSJ pB2 "How McDonald's hit the spot" by Julie Jargon say McDonald's as well as KFC rely on delivery services to reach customers in China as real estate is too high to justify drive throughs. McDonald's is focusing on emerging markets, customer convenience and range of pricing its successful strategy since '03.

Merck MRK
$35.41 -0.27 0.76% 12,396,173 NYSE: No mentions found.

MSFT
$25.51 -0.19 0.74% 38,187,957 NASDAQ-GS: WSJ pC10 "Seeking Intel on chips" by rolfe Winkler Intel said on Mon that rev and gross margins will be lower than expected partly due to flooding in Thailand where hard drive manufacturing is concentrated. Intel is threatened by chips based on the technology of rival ARM Holdings as Microsoft is making its Windows operating system compatible with ARM chips that will be cheaper than Intel's. Hewlett-Packard plans to push new ARM-based PCs.

Pfizer PFE
$20.39 -0.17 0.83% 39,795,626 NYSE:WSJ pB5 "Pfizer lifts payout, buyback" by Peter Loftus says Pfizer raised its dividend by 10% & expanded its share repurchase plans by up to $10 bil.

AJC pA16 "Pfizer CEO named chairman of the board" says Pfizer's CEO Ian Read was elected to this position.

Procter & Gamble PG
$64.31 -0.66 1.02% 8,414,198 NYSE: WSJ pB3 "Probe delays Diamond Food's report" by Hannah Karp, WSJ pC4 "Bullishness fades; Dow does, too" by Brendan Conway. Fin Times p18 "Diamond Foods accounting probe delays fiing of earnings" by Barney Jopson say sharp criticisms of last week's European sovereign debt summit by credit rating firms sent US stocks stumbling, underscoring investor worries that Europe's crisis will last well into next year and could still trigger a global recession. Fin'l stocks had the biggest declines as Bank of America lost 27 cents. A profit warning at Intel was another factor weighing on major indexes. Diamond Foods is charted under Bad News as it will miss a filing deadline which throws a wrench into plans to buy Pringles from Procter & Gamble.

Fin Times p24 "Semiconductors in sharp sell off after Intel lowers revenue outlook" by Ajay Makan says semiconductor manufacturers sold off sharply after Intel lowered 4Q rev guidance by $1bil to $13.7 bil. Diamond Foods' prospective takeover of Pringles from Procter & Gamble appeared to be on ice again as diamond failed to publish its quarterly earnings report on schedule as its auditor investigates allegations of inappropriate payments to walnut growers.

MMM
$80.59 -1.61 1.96% 3,303,201 NYSE: No mentions found.

Travelers TRV
$55.83 -0.19 0.34% 4,339,776 NYSE: No mentions found.

United Technologies UTX
$74.48 -1.83 2.4% 4,809,631 NYSE: No mentions found.

Verizon VZ
$38.35 -0.08 0.21% 12,102,869 DualListed: No mentions found.

Walmart WMT
$58.1 -0.22 0.38% 9,042,613 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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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)

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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:

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

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices

Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8

Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil

Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement

Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes

Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11

Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes

Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference

Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales

Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors

3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11