Wednesday, February 22, 2012

2/22/12 Wed am J&J CEO Weldon is Out; Walmart's Profits Down; Kraft's & Home Depot's Up

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Post No. 1,486 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' recent SEC filings.

A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily, Atlanta Journal Constitution, USA Today, 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 12,965.69 up 15.82 or 0.12% from Friday's close of 12,949.87. For the year the Dow is up 6.12%. Of the 30 Dow components 19 gained and 11 declined. The biggest gainer dollar-wise and percentage-wise was Chevron CVX $108.41 +1.75 1.64% 7,131,324 NYSE. The biggest decliner dollar-wise and percentage-wise was Walmart WMT $60.07 -2.41 3.86% 23,769,619 NYSE.

WSJ pC1 "Dow's reach exceeds its grasp" by Jon Cheng says the Dow climbed above 13000 for the first time in almost 4 years though it failed to hang onto the gains through the day's end. Crude oil surged $2.60 to $105.84 their highest level in more than 9 months which raises concerns about high gas prices but benefited oil firms, Chevron rose 1.6% & Exxon gained 1.1%. Walmart is charted under Band News as the biggest Dow decliner, sliding $2.41 after reporting somewhat disappointing fiscal 4Q results.

NYT pB8 "Dow passes 13,000 but closes below" by Chris Hauser says the Dow broke through the 13000 barrier on Tues a level not seen since before the fin'l crisis in '08.

USA Today p4B "rising oil prices temper relief over deal on Greece bailout" by Bloomberg says stocks pared gains Tues after the S&P failed to hold above its highest close since '08 as approval of Greece's bailout was offset by economic concern with crude oil jumping to a 9 month high. Walmart lost $2.41 after its 4Q earnings misssed estimates.

Fin Times p22 "Equities approach post fin'l crisis high after Europe progress" by Ajay Makan says US stocks closed within 2 points of a post fin'l crisis high as a deal on bail out funding for Greece lifted Wall St. Shares in Alcoa gained 2.6% after it announced a jv with China Power Investment Corp to produce high end fabricated aluminium products for the Chinese market. Bank of America rose 1.1% rallying again after shares suffered their first weekly fall of '12 last week.

Inv. Bus. Daily pA1 "Stocks indexes close narrowly mixed" by Vic Reklaitis says the market started out the holiday shortened week with a seesaw performance Tues ultimately finishing mixed & little changed. Decliners beat out advancers on both main exchanges but stocks making new 52 week highs outnumbered those hitting new lows. Tues' action was mixed in lower volume as the current outlook is still in a confirmed uptrend.

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 14.46 up from Tuesday's trailing P/E ratio of 14.45 (year ago it was 14.96); Wednesday's P/E estimate is 12.35 up from yesterday's P/E estimate of 12.35 (year ago it was 12.87) and today's dividend yield is 2.50 down from yesterday's dividend yield of 2.50 (last year it was 2.37). 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,713.15 up 2.09 from Friday's closing numerator of 1,711.06. 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 Tuesday's Dow Jones Industrial Average was $57.10 up $0.06 from Friday's average closing price of $57.04. The median closing price of Tuesday's Dow Jones Industrial Average was $49.26 (DD/HD) up $0.27 from Friday's median closing price of $49.09. The lowest volume was 3M MMM $87.6 +0.04 0.05% 2,399,485 NYSE and the highest volume again was Bank of America BAC $8.11 +.09 1.12% 333,345,717 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 made $206 ($171,300 - $171,106).

MarketWatch Tuesday 2/21/12 4:45 pm by Kate Gibson says U.S. stocks finished mostly higher Tuesday after European officials agreed to another round of aid for Greece, pushing the Dow industrials briefly above 13,000 for the first time since 2008. A Greece deal at lastAfter months of nail biting negotiations, Greece has finally reached agreement on a bailout to prevent a debt default next month. “When the market is on a roll it’s on a roll,” said Adrian Day, president of Day Asset Management in Annapolis, Md. “We know we’re going to be revisiting Greece in a few months,” Day added. After topping 13,000 for the first time since May 2008, the Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.12% ended at 12,965.69, up 15.82 points, or 0.1%. It last closed above 13,000 on May 19, 2008. Dow component Home Depot Inc. HD +0.06% , was among those that lifted the blue chips after the home-improvement retailer reported a profit that topped Wall Street’s expectations. Wal-Mart Stores Inc. WMT -0.15% fell 3.9%, with the discount retailer weighing on the Dow after its earnings fell short of estimates. The S&P 500 Index SPX +0.07% climbed as high as 1,367.76, just points from 1,370, its May 2011 high. It finished at 1,362.21, up nearly 1 point, or not quite 0.1%, and its highest close since April 29, 2011. Between that day and Oct. 3, 2011, the S&P fell 19%. Since that drop, the index has risen more than 24%. “Even if you believe this is a bull market, the market needs to be able to absorb its gains in order to get a better footing going forward,” said Howard Silverblatt, senior analyst at S&P Indices. The Nasdaq Composite COMP -0.11% fell 3.21 points, or 0.1%, to 2,948.57. Advancers held a slight edge over decliners on the New York Stock Exchange, where almost 798 million shares traded. Composite volume neared 3.8 billion. On the New York Mercantile Exchange, crude-oil futures CLH2 +3.49% finished at $105.84 a barrel, up $2.60, and gold futures GCJ2 +1.93% gained $32.60 to end at $1,758.50 an ounce. Though the price of oil is still important, it is less so than in years past, Day noted. “We’re much more efficient users of energy than we used to be, and the economy is less manufacturing denominated than service, so the input of oil per output of production is considerably less than it was,” Day said.
“We had good news on Greece, and good news on earnings, and that is overwhelming the price of oil,” said Day of the muted impact on investor sentiment of oil’s rise to a nine-month high. In Brussels, euro-area finance ministers approved another rescue for debt-encumbered Greece. The 130 billion euros, or $173 billion, financial package still left doubts, however, about how durable the fix would prove. An analysis by European and International Monetary Fund officials reportedly concluded Greece’s debt could widen to 160% of its gross domestic product in 2020. “This is a short-term solution that permits you to rebuild, but you still have to rebuild,” S&P’s Silverblatt said. As investors bought into higher-risk assets, yields on the U.S. government’s benchmark 10-year Treasury note 10_YEAR +2.84% climbed to 2.05%.

Tuesday's Closing Dow Numbers and Wednesday's:

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.34 +0.33 1.1% 25,375,638 NYSE: WSJ pB5 "AT&T's chief pays for big deal's failure" by Greg Bensinger says AT&T's failed $39 bil bid for T-Mobile USA cost AT&T $4 bil in assets & cash and cost CEO Randall Stephenson's incentive payout by more than $2 mil due in part to the implosion of the deal.

Alcoa AA
$10.41 +0.26 2.56% 29,786,953 NYSE: Fin Times p22 "Equities approach post fin'l crisis high after Europe progress" by Ajay Makan says US stocks closed within 2 points of a post fin'l crisis high as a deal on bail out funding for Greece lifted Wall St. Shares in Alcoa gained 2.6% after it announced a jv with China Power Investment Corp to produce high end fabricated aluminium products for the Chinese market. Bank of America rose 1.1% rallying again after shares suffered their first weekly fall of '12 last week.

American Express AXP
$52.85 -0.01 0.02% 5,075,444 NYSE: No mentions found.

Bank of America BAC
$8.11 +.09 1.12% 333,345,717 NYSE: Fin Times p22 "Equities approach post fin'l crisis high after Europe progress" by Ajay Makan says US stocks closed within 2 points of a post fin'l crisis high as a deal on bail out funding for Greece lifted Wall St. Shares in Alcoa gained 2.6% after it announced a jv with China Power Investment Corp to produce high end fabricated aluminium products for the Chinese market. Bank of America rose 1.1% rallying again after shares suffered their first weekly fall of '12 last week.

Boeing BA
$75.72 +0.37 0.49% 3,973,911 NYSE: No mentions found.

Caterpillar CAT
$115 +1.05 0.92% 7,493,523 NYSE: Inv. Bus. Daily pB3 "Caterpillar breaks out as group climbs" by Alan Elliott says Jan engine & equipment sales data from Caterpillar combined with jumps in copper & silver prices & a big earnings surprise from Astec Industries boosted mining & construction equipment stocks Tues.

Chevron CVX
$108.41 +1.75 1.64% 7,131,324 NYSE: WSJ pC1 "Dow's reach exceeds its grasp" by Jon Cheng says the Dow climbed above 13000 for the first time in almost 4 years though it failed to hang onto the gains through the day's end. Crude oil surged $2.60 to $105.84 their highest level in more than 9 months which raises concerns about high gas prices but benefited oil firms, Chevron rose 1.6% & Exxon gained 1.1%. Walmart is charted under Band News as the biggest Dow decliner, sliding $2.41 after reporting somewhat disappointing fiscal 4Q results.

Cisco CSCO
$20.36 +0.07 0.34% 41,183,422 NASDAQ-GS: No mentions found.

Coke KO
$68.82 -0.23 0.33% 6,638,990 NYSE: No mentions found.

Disney DIS
$41.57 -0.18 0.43% 5,669,204 NYSE: No mentions found.

DuPont DD
$51.6 +0.12 0.23% 5,265,140 NYSE: No mentions found.

Exxon XOM
$86.57 +0.95 1.11% 15,454,604 NYSE: WSJ pC1 "Dow's reach exceeds its grasp" by Jon Cheng says the Dow climbed above 13000 for the first time in almost 4 years though it failed to hang onto the gains through the day's end. Crude oil surged $2.60 to $105.84 their highest level in more than 9 months which raises concerns about high gas prices but benefited oil firms, Chevron rose 1.6% & Exxon gained 1.1%. Walmart is charted under Band News as the biggest Dow decliner, sliding $2.41 after reporting somewhat disappointing fiscal 4Q results.

GE
$19.41 +0.13 0.67% 41,832,249 NYSE: No mentions found.

Hewlett-Packard HPQ
$29.35 -0.24 0.81% 14,278,081 NYSE: No mentions found.

Home Depot HD
$46.92 +0.21 0.45% 20,458,968 NYSE: WSJ pB1 "Form Home Depot to Saks, some retailers gaine dge" by Miguel Bustillo, NYT pB2 "High-End retailers report strong profits, but Walamrt shoppers still struggle" by Stephanie Clifford, Fin times p17 "Macy's and Saks ring up profits, winter boost for Home Depot" by Anjli Raval say Walmart, Home Depot and Macy's had higher holiday season sales for '11 than for '10. Walmart's profits fell 15% from year earlier due to reduced prices. Quarterly rev increased 5.9% to $132.2 bil while profit dropped to $5.16 bil from $6.06 bil a year earlier. For the full year, rev grew 5.8% to $443.9 bil including a 13% increase in the int'l div and a 6.8% jump at Sam's Club. Home Depot's 4Q profit rose 32% while sales at US stores open at least a year rose 6.1%. Home Depot's sales rose 3.5% to $70.4 bil.

Intel INTC
$27.16 -0.21 0.77% 34,885,807 NASDAQ-GS: No mentions found.

IBM
$193.39 -0.03 0.02% 3,283,819 NYSE: No mentions found.

JPMorgan JPM
$38.46 -0.01 0.03% 22,748,440 NYSE: No mentions found.

Johnson & Johnson JNJ
$65.04 +0.05 0.08% 8,056,043 NYSE: WSJ pB1 "J&J CEO Weldon is out" by Jon Rockoff, NYT pB1 "J. & J. chief to resign one role" by Katie Thomas, NYT pB1 "Hip make discussed failures" by Barry Meier say Johnson & Johnson picked company vet Alex Gorsky as its new CEO due to quality problems that have cost Johnson & Johnson more than $1 bil in lost sales & forced the shutdown of a plant. William Weldon will remain as Chairman.

WSJ pB3 "Suppliers for cancer drugs get approval" by Jennifer Dooren says the FDA will allow the temporary importation of Lipodox to address a shortage of Johnson & Johnson's Doxil

WSJ pB3 "US drops bribe case stemming from sting" by Chris Matthews says the DofJ will drop a foreign bribery case against 16 businessmen charged in an an undercover sting involving a phony military contract. The Justice Dept's foreign corruption unit has notched dozens of high profile FCPA settlements with firms such as Johnson & Johnson & Royal Dutch Shell.

Kraft KFT
$38.57 +0.56 1.47% 16,363,678 NYSE: Fin Times p14 "Kraft disappoints amid volatility and strong dollar" by Alan Rappeport says Kraft had a rise in 4Q profits as rev in the US & Europe outpaced sales in emerging markets but missed expectations as net earnings rose 54% from a year ago to $842 mil or 47 cents a share as net rev increased 6.6% to $14.6 bil.

McDonald's MCD
$100.49 +0.50 0.5% 4,465,552 NYSE: No mentions found.

Merck MRK
$38.13 -0.43 1.12% 10,832,441 NYSE: No mentions found.

Microsoft MSFT
$31.44 +0.19 0.61% 50,792,291 NASDAQ-GS: WSJ pB6 "Microsoft vs. Google in web-tracking battle" by Anton Troianovski, USA Today p1B "Google-Microsoft war of words raises privacy fears" by Byron Acohido say Microsoft in a blog accused Google of bypassing privacy settings with the IE browser.

Pfizer PFE
$21.22 +0.03 0.14% 23,237,875 NYSE: No mentions found.

Procter & Gamble PG
$64.42 -0.49 0.75% 9,883,277 NYSE: No mentions found.

3M MMM
$87.6 +0.04 0.05% 2,399,485 NYSE: No mentions found.

Travelers TRV
$59.27 -0.58 0.97% 2,555,209 NYSE: No mentions found.

United Technologies UTX
$83.96 +0.18 0.21% 3,596,395 NYSE: No mentions found.

Verizon VZ
$38.49 +0.03 0.08% 12,021,710 DualListed: WSJ pB6 "Verizon Wireless pulls plug on Comcast claim" by Anton Troianovski says Verizon is no longer saying that Comcast offers the fastest Internet in the nation.

Walmart WMT
$60.07 -2.41 3.86% 23,769,619 NYSE: WSJ pB1 "Form Home Depot to Saks, some retailers gain edge" by Miguel Bustillo, WSJ pC16 "Overheard", NYT pB2 "High-End retailers report strong profits, but Walamrt shoppers still struggle" by Stephanie Clifford, Fin times p12 "Walmart", Fin times pp13 "Walmart shares fall as price cuts hit profits" by Barney Jopson, Inv. Bus. Daily pA1 "Retailers' Q4 profits are robust generally" by Marilyn Much, USA Today p1B "Walmart profit down but growth up" say Walmart, Home Depot and Macy's had higher holiday season sales for '11 than for '10. Walmart's profits fell 15% from year earlier due to reduced prices. Quarterly rev increased 5.9% to $132.2 bil while profit dropped to $5.16 bil from $6.06 bil a year earlier. For the full year, rev grew 5.8% to $443.9 bil including a 13% increase in the int'l div and a 6.8% jump at Sam's Club. Home Depot's 4Q profit rose 32% while sales at US stores open at least a year rose 6.1%. Home Depot's sales rose 3.5% to $70.4 bil.

WSJ pC1 "Dow's reach exceeds its grasp" by Jon Cheng says the Dow climbed above 13000 for the first time in almost 4 years though it failed to hang onto the gains through the day's end. Crude oil surged $2.60 to $105.84 their highest level in more than 9 months which raises concerns about high gas prices but benefited oil firms, Chevron rose 1.6% & Exxon gained 1.1%. Walmart is charted under Band News as the biggest Dow decliner, sliding $2.41 after reporting somewhat disappointing fiscal 4Q results.

USA Today p4B "rising oil prices temper relief over deal on Greece bailout" by Bloomberg says stocks pared gains Tues after the S&P failed to hold above its highest close since '08 as approval of Greece's bailout was offset by economic concern with crude oil jumping to a 9 month high. Walmart lost $2.41 after its 4Q earnings misssed estimates.

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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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:

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

AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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

Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes

American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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

Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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

Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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

Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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

Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11

Cisco CSCO 2/8/12 8K re: 2Q results
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

Coke KO 2/7/12 8K re: 4Q & full year '11 results
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

Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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

DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director

ExxonMobil XOM: 1/31/12 8K re: 4Q results
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

GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11

Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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

Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11

Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11

IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt

JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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

Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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

Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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

McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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

Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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

Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting

Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food

3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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

Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11

United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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

Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil

WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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