1/25/12 Wed pm Dow Closes at 12,758.85 up 83.1 or 0.66%

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Post No. 1,440 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 January 1, 2012.

The Dow Jones Industrial Average closed Wednesday at 12,758.85 up 83.1 or 0.66% from Tuesday's close of 12,675.75. Of the 30 Dow components 24 gained and 6 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $108.97 +2.68 2.52% 10,241,753 NYSE. The biggest decliner dollar-wise and percentage-wise was Hewlett-Packard HPQ $28.32 -0.20 0.7% 12,572,535 NYSE.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 13.68 down from Tuesday's trailing P/E ratio of 13.72 (year ago it was 14.89); Wednesday's P/E estimate is 12.05 unchanged from yesterday's P/E estimate of 12.05 (year ago it was 12.59), and today's dividend yield is 2.53 up from yesterday's dividend yield of 2.52 (last year it was 2.40). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,685.82 up 10.98 from Tuesday's closing numerator of 1,674.84. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.19 up $0.36 from Tuesday's average closing price of $55.83. The median closing price of Wednesday's Dow Jones Industrial Average was $47.73 (AXP/HD) up $0.56 from Monday's median closing price of $47.17. The lowest volume was 3M MMM $85.48 +0.55 0.64% 4,358,652 NYSE and the highest volume again was Bank of America BAC $7. NYSE.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,098 ($1668,582 - $167,484).

MarketWatch Wednesday 1/25/12 4:12 pm by Laura Mandaro says U.S. stocks closed sharply higher Wednesday, reversing after the Federal Reserve surprised many with a pledge to keep interest rates near zero percent until at least late 2014. Also, surging earnings from Apple Inc. AAPL +0.02%, the largest market-cap stock in the world, drove the Nasdaq Composite higher. The Dow Jones Industrial Average DJIA +0.66% rose 83.10 points, or 0.7%, to 12,758.85. The S&P 500 SPX +0.87% gained 11.41 points, or 0.9%, to 1,326.06; out of 16 trading sessions this year, it's risen for 13. The Nasdaq Composite COMP +1.14% jumped 31.67 points, or 1.1%, to 2,818.31.

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.2 +0.11 0.37% 26,573,805 NYSE

Alcoa AA
$10.479 +0.209 2.04% 29,479,841 NYSE

American Express AXP
$50.19 +0.96 1.95% 6,084,989 NYSE

Bank of America BAC
$7.35 +0.06 0.82% 246,349,769 NYSE

Boeing BA
$75.8 +0.44 0.58% 13,774,276 NYSE

Caterpillar CAT
$108.97 +2.68 2.52% 10,241,753 NYSE

Chevron CVX
$107.73 +1.01 0.95% 7,430,365 NYSE

CSCO
$19.83 +0.015 0.08% 36,729,410 NASDAQ-GS

Coke KO
$68.3901 +0.4901 0.72% 5,949,770 NYSE

Disney DIS
$39.54 +0.29 0.74% 9,469,836 NYSE

DuPont DD
$50.58 +1.17 2.37% 7,678,747 NYSE

Exxon XOM
$87.22 +0.04 0.05% 17,890,242 NYSE

GE
$19.13 +0.29 1.54% 50,426,601 NYSE

Hewlett-Packard HPQ
$28.32 -0.20 0.7% 12,572,535 NYSE

Home Depot HD
$45.26 +0.30 0.67% 9,678,085 NYSE

Intel INTC
$26.9 +0.005 0.02% 54,344,023 NASDAQ-GS

IBM
$191.75 -0.18 0.09% 3,905,786 NYSE

JPMorgan JPM
$37.59 -0.07 0.19% 28,408,899 NYSE

Johnson & Johnson JNJ
$65.21 +0.21 0.32% 9,808,305 NYSE

Kraft KFT
$38.36 +0.06 0.16% 9,824,438 NYSE

McDonald's MCD
$99.23 +0.48 0.49% 7,430,257 NYSE

Merck MRK
$38.68 -0.10 0.26% 14,314,154 NYSE

Microsoft MSFT
$29.56 +0.22 0.75% 58,541,320 NASDAQ-GS

Pfizer PFE
$21.72 +0.06 0.28% 34,367,034 NYSE

Procter & Gamble PG
$64.98 +0.48 0.74% 10,532,445 NYSE

MMM
$86.48 +0.55 0.64% 4,358,652 NYSE

Travelers TRV
$59.15 +1.15 1.98% 5,963,895 NYSE

United Technologies UTX
$77.65 -0.13 0.17% 7,121,476 NYSE

Verizon VZ
$37.69 -0.10 0.26% 18,667,038 DualListed

Walmart WMT
$61.47 +0.08 0.13% 5,785,453 NYSE



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The following are excerpts from Wed. morning's Blog.

A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily, 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 Tuesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,675.75 down 33.07 or 0.26% from Monday's close of 12,708.82. For the year the Dow is up 3.75%. Of the 30 Dow components 11 gained, 2 (Disney and Johnson & Johnson) were unchanged and 17 declined. The biggest gainer dollar-wise was IBM $191.91 +1.93 1.02% 4,833,312 NYSE and percentage-wise was United Technologies UTX $77.78 +0.92 1.2% 5,592,539 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $58 -2.29 3.8% 6,635,918 NYSE.

WSJ pC4 "Greek standoff sinks DJIA" by Chris Dieterich says the S&P closed in the red for the first time in 6 sessions as Greece's debt reduction talks edged toward a standoff and a raft of blue chips delivered mixed results. McDonald's earnings rose 11% as it beat expectations with new product offerings driving same store sales. Travelers lost $2.29 after it reported 4Q earnings that missed forecasts although rev was above expectations. Verizon lost 61 cents after its 4Q earnings came up shy of estimates. Johnson & Johnson rose 0.1% after it reported 4Q earnings & rev that exceeded expectations but provided a '12 earnings outlook below current estimates.

Inv. Bus. Daily pA1 Stocks end little changed, lifting off session's lows" by Vic Reklaitis says stocks closed narrowly mixed for a 2nd straight session Tues. Tuesday's action was narrowly mixed in mixed volume as the current outlook is the market is in a confirmed uptrend.

NYT pB7 "Impasse over Greece sends S&P down" and shorter version at USA Today p4B "European worries creep back, sending markets down again" by Bloomberg says stocks retreated Tues ending a 5 day advance in the S&P & a stalemate between European finance ministers and Greek bondholders on how to resolve the nation's debt crisis. McDonald's declined $2.20 as it said profit may be trimmed as the Europe and debt crisis sinks the region's currency. Mcdonald's gets 60% of its rev outside the US.

Fin Times p24 "Zions Bancorp suffers sharp slide as CDO exposure underlines risks" by Ajay Makan says an earnngs miss by Zions Bancorporation highlighted the risk to US banks from souring loan securities. McDonald's reported strong 4Q earnings with net income rising 11% from a year ago, but the shares sold off 2.2%. Verizon Comm fell 1.6% after reporting a net loss of $2.02 bil, hampered by pension costs & lower margins on smartphone sales.

Tuesday's Dow Jones Industrial Average closing numerator was 1,674.84 down 4.37 from Monday's closing numerator of 1,679.21. 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 Tuesday's Dow Jones Industrial Average was $55.83 down $0.14 from Monday's average closing price of $55.97. The median closing price of Tuesday's Dow Jones Industrial Average was $47.17 (DD/HD) up $0.05 from Monday's median closing price of $47.127. The lowest volume was 3M MMM $85.3 +0.32 0.37% 3,883,183 NYSE and the highest volume again was Bank of America BAC $7.29 +0.04 0.55% 222,608,194 NYSE.

If Tuesday 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 $437 ($167,921 - $167,484).

MarketWatch Tuesday 1/24/12 4:10 pm by Laura Mandaro says U.S. stocks closed with losses for two of three benchmark indexes Tuesday, deflated by the situation in Europe, where euro-zone policymakers and Greek bondholders appeared at an impasse over the country's debt restructuring. The Nasdaq Composite, however, gained ahead of three big tech company reports, including Apple Inc. APPL +19.38% after the close. The Dow Jones Industrial Average DJIA -0.26% lost 33.07 points, or 0.3%, to 12,675.75. The S&P 500 SPX -0.10% fell 1.4 points, or 0.1%, to 1,314.65. The Nasdaq Composite COMP +0.09% added 2.47 points, or 0.1%, to 2,786.64.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T $30.09 +0.31 1.02% 24,295,228 NYSE: No mentions found.

Alcoa AA $10.265 -0.015 0.15% 20,037,814 NYSE: No mentions found.

American Express AXP $49.23 -0.21 0.42% 5,426,447 NYSE: No mentions found.

Bank of America BAC $7.29 +0.04 0.55% 222,608,194 NYSE: WSJ pC6 "More Merrill at Blackstone" says Blackstone Group is closing a deal with Bofa to pay it $700 mil for properties around the globe. The assets were held by Merrill until BofA bought it in '08.

Boeing BA $75.405 -0.105 0.14% 4,597,569 NYSE: No mentions found.

Caterpillar CAT $106.29 -0.08 0.08% 5,536,734 NYSE: No mentions found.

Chevron CVX $106.72 -0.29 0.27% 4,897,954 NYSE: No mentions found.

CSCO $19.815 -0.015 0.08% 30,610,612 NASDAQ-GS: No mentions found.

Coke KO $67.9 -0.63 0.92% 7,288,476 NYSE: No mentions found.

Disney DIS $39.25 unch unch 9,378,689 NYSE: No mentions found.

DuPont DD $49.395 +0.045 0.09% 4,921,569 NYSE: WSJ pB6 "DuPont's profit declines slightly" by Doug Cameron, Fin times p17 "DuPont suffers slump in Asia" by Hal Weitzman, Inv. Bus. Daily pA1 "DuPont profit up orders lag" says DuPont's Q4 EPS fell 30% to 35 cents, beating forecasts by 2 cents. Sales climbed 14% to $8.43 bil. There was a pullback in orders for consumer electronics and construction.

Exxon XOM $87.15 -0.32 0.37% 11,116,995 NYSE: No mentions found.

GE $18.84 -0.10 0.53% 39,341,652 NYSE: No mentions found.

Hewlett-Packard HPQ $28.52 -0.16 0.56% 14,740,012 NYSE: No mentions found.

Home Depot HD $44.955 +0.075 0.17% 10,506,035 NYSE: No mentions found.

Intel INTC $26.895 +0.185 0.69% 55,872,389 NASDAQ-GS: No mentions found.

IBM $191.91 +1.93 1.02% 4,833,312 NYSE: Inv. Bus. Daily pA6 "JPMorgan Fund bets big on tech" by Paul Katzeff profiles JPMorgan Large Cap Growth Fund and says it is targeting the tech sector with IBM, Google, and Apple making up the fund's largest positions.

JPMorgan JPM $37.665 +0.005 0.01% 24,139,264 NYSE: Inv. Bus. Daily pA6 "JPMorgan Fund bets big on tech" by Paul Katzeff profiles JPMorgan Large Cap Growth Fund and says it is targeting the tech sector with IBM, Google, and Apple making up the fund's largest positions.

Johnson & Johnson JNJ $65 unch unch 11,668,110 NYSE: WSJ pB6 "J&J net slumps on charges" by Peter Loftus, WSJ pC4 "Greek standoff sinks DJIA" by Chris Dieterich, Fin times p16 "Product recall fees dent J&J earnngs" by Alan Rappeport, Inv. Bus. Daily pA1 "J&J tops, guides down for year", NYT pB9 "Johnson takes $3 bil hit on hip recall" by Reuters say the S&P closed in the red for the first time in 6 sessions as Greece's debt reduction talks edged toward a standoff and a raft of blue chips delivered mixed results. McDonald's earnings rose 11% as it beat expectations with new product offerings driving same store sales. Travelers lost $2.29 after it reported 4Q earnings that missed forecasts although rev was above expectations. Verizon lost 61 cents after its 4Q earnings came up shy of estimates. Johnson & Johnson rose 0.1% after it reported 4Q earnings & rev that exceeded expectations but provided a '12 earnings outlook below current estimates.

Kraft KFT $38.3 -0.17 0.44% 7,288,030 NYSE: No mentions found.

McDonald's MCD $98.75 -2.20 2.18% 11,606,314 NYSE: WSJ pB1 "late night sales on a roll for US fast food outlets" by Julie Jargon, AJC pA14 "McDonald's: low prices help boost net income", Fin times p17 "McDonald's sales beefed up by breakfasts" by Alan Rappeport, Inv. Bus. Daily pA1 "Dollar fears hut McDonald's", NYT pB10 "McDonald's profit rises 11%, but investors fret over '12" say McDonald's net income rose 11% in 4Q due to more budget-conscious customers. Net income was $1.38 bil or $1.33 per share better than the $1.29 expected. Rev was up 10% to $6.82 bil.

Fin Times p1 "McDonald's Twitter ad campaign backfires as customers vent anger" by Tim Bradshaw says critics of MCD turned its campaign on Twitter against it, unleashing a torrent of abusive tweets so it pulled the program within hours.

WSJ pC4 "Greek standoff sinks DJIA" by Chris Dieterich says the S&P closed in the red for the first time in 6 sessions as Greece's debt reduction talks edged toward a standoff and a raft of blue chips delivered mixed results. McDonald's earnings rose 11% as it beat expectations with new product offerings driving same store sales. Travelers lost $2.29 after it reported 4Q earnings that missed forecasts although rev was above expectations. Verizon lost 61 cents after its 4Q earnings came up shy of estimates. Johnson & Johnson rose 0.1% after it reported 4Q earnings & rev that exceeded expectations but provided a '12 earnings outlook below current estimates.

USA Today p4B "European worries creep back, sending markets down again" by Bloomberg says stocks retreated Tues ending a 5 day advance in the S&P & a stalemate between European finance ministers and Greek bondholders on how to resolve the nation's debt crisis. McDonald's declined $2.20 as it said profit may be trimmed as the Europe and debt crisis sinks the region's currency. Mcdonald's gets 60% of its rev outside the US.

Fin Times p24 "Zions Bancorp suffers sharp slide as CDO exposure underlines risks" by Ajay Makan says an earnngs miss by Zions Bancorporation highlighted the risk to US banks from souring loan securities. McDonald's reported strong 4Q earnings with net income rising 11% from a year ago, but the shares sold off 2.2%. Verizon Comm fell 1.6% after reporting a net loss of $2.02 bil, hampered by pension costs & lower margins on smartphone sales.

Merck MRK $38.78 +0.01 0.03% 12,964,717 NYSE: No mentions found.

MSFT $29.34 -0.39 1.31% 51,206,156 NASDAQ-GS: No mentions found.

Pfizer PFE $21.66 -0.05 0.23% 25,224,039 NYSE: No mentions found.

Procter & Gamble PG $64.5 -0.50 0.77% 9,615,947 NYSE: No mentions found.

3M MMM $85.93 +0.32 0.37% 3,883,183 NYSE: No mentions found.

Travelers TRV $58 -2.29 3.8% 6,635,918 NYSE: WSJ pC3 "Travelers touts improving profits" by Erik Holm says Travelers 4Q results fell short of expectations. It was among the first to say it was boosting the price of insurance a year ago. Travelers' business insurance unit earned 2.1 cents for every dollar it collected in premiums in '11, down from 4.4 cents in '10 and 6.2 cents in '09. Net income declined 31% to $618 mil wile operating income of $1.48 a share missed by 5 cents the average estimate of analysts. Net investment income fell 16% to $541 mil.

WSJ pC4 "Greek standoff sinks DJIA" by Chris Dieterich says the S&P closed in the red for the first time in 6 sessions as Greece's debt reduction talks edged toward a standoff and a raft of blue chips delivered mixed results. McDonald's earnings rose 11% as it beat expectations with new product offerings driving same store sales. Travelers lost $2.29 after it reported 4Q earnings that missed forecasts although rev was above expectations. Verizon lost 61 cents after its 4Q earnings came up shy of estimates. Johnson & Johnson rose 0.1% after it reported 4Q earnings & rev that exceeded expectations but provided a '12 earnings outlook below current estimates.

United Technologies UTX $77.78 +0.92 1.2% 5,592,539 NYSE: No mentions found.

Verizon VZ $37.79 -0.61 1.59% 29,415,463 DualListed: WSJ pB4 "IPhone powers and pinches Verizon" by Greg Bensinger, NYT pB2 "smartphone sales are strong, but Verizon has a loss" by Brian X. Chen, AJC pA13 "Pension charge hits Verizon profit" byBrian Chen, NYTimes, Inv. Bus. Daily pA1 "Verizon misses Q4 profit call" say Verizon Communications had a net loss of $2 bil in 4Q '11 despite rising iPhone sales and rev growth in its wireless business, compared with net income of $2.64 bil in same quarter year ago. Loss was due to noncash pension charges. Rev climbed 7.7% to $28.4 bil from $26.4 bil same quarter year ago.

WSJ pC4 "Greek standoff sinks DJIA" by Chris Dieterich says the S&P closed in the red for the first time in 6 sessions as Greece's debt reduction talks edged toward a standoff and a raft of blue chips delivered mixed results. McDonald's earnings rose 11% as it beat expectations with new product offerings driving same store sales. Travelers lost $2.29 after it reported 4Q earnings that missed forecasts although rev was above expectations. Verizon lost 61 cents after its 4Q earnings came up shy of estimates. Johnson & Johnson rose 0.1% after it reported 4Q earnings & rev that exceeded expectations but provided a '12 earnings outlook below current estimates.

Fin Times p24 "Zions Bancorp suffers sharp slide as CDO exposure underlines risks" by Ajay Makan says an earnngs miss by Zions Bancorporation highlighted the risk to US banks from souring loan securities. McDonald's reported strong 4Q earnings with net income rising 11% from a year ago, but the shares sold off 2.2%. Verizon Comm fell 1.6% after reporting a net loss of $2.02 bil, hampered by pension costs & lower margins on smartphone sales.

Walmart WMT $61.39 +0.48 0.79% 7,278,224 NYSE: USA Today p2B "Puppy boots hope to stroll onto shelves in Walmart product contest" by Sarah Meehan says Walmart has a contest "Get on the Shelf" which is a competition for small businesses. This article looks at some of the products competing.

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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]

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

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

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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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

Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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

Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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

Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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

Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results

Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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

Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.

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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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

Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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

Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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

3M MMM: 12/6/11 8K re eps guidance
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

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

Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan