3/14/12 Wed am JPMorgan Ups Dividends & Buybacks

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Post No. 1,522 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 as of 3/7/12 and Dow 30 components' recent SEC filings as of 3/7/12.

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 and 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 13,177.68 up 217.97 or 1.68% from Monday's close of 12,959.71.For the year the Dow is up 7.86%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was Caterpillar CAT $113.3 +4.36 4% 7,993,261 and percentage-wise was JPMorgan JPM $43.39 +2.85 7.03% 75,442,600 NYSE.

WSJ pC3 "Nasdaq plants its flag above 3000" by Jonathan Cheng says stocks soared to multiyear highs as investors welcomed a trifecta of positive signals on the economy from US consumers, the banking system & the Fed Res. The Nasdaq surged 1.9% to its first close above 3000 since late 2000. The Commerce Dept said retail sales gained 1.1% in Feb over Jan. The most powerful move came after JPMorgan said the Fed had allowed it to raise its dividend and do share buybacks.

USA Today p4B "Retail sales, JPMorgan propel stocks to bull market highs" by AP says bank stocks turbocharged what was already a big market rally Tues & all 3 major stock indexes posted their biggest gains of the year and set bull market highs.

Inv. Bus. Daily pA1 "Stock jump on positive news for banks" by Victor Reklaitis says stocks rallied into the close & hit fresh multiyear highs Tues helped by encouraging news for big banks as Tuesday's action was up sharply in higher trade & the current outlook is still a confirmed uptrend.

Fin Times p22 "Caterpillar makes sold ground as S&P 500 hits post-crisis high" by Arash Massoudi says fin'l stocks surged yesterday to carry the S&P to its highest post crisis close on a day that saw all 3 big US indices move into levels not reached in years. Shares in JPMorgan jumped 7% on news it would raise its dividend 20% to 0.30 cents a do a $15 bil buyback. Caterpillar led the Dow up and rose 4%.

NYT pB1 "Nasdaq finishes above 3000, its best since dot com bubble" by Christine Hauser says stocks rose to new heights on Tues due to stronger retail sales data pushing the broad market to levels last seen in June '08.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C6 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.75 up from Tuesday's trailing P/E ratio of 14.50 (year ago it was 14.57); Wednesday's P/E estimate is 12.39 unchanged from yesterday's P/E estimate of 12.39 (year ago it was 12.42) and today's dividend yield is 2.48 down from yesterday's dividend yield of 2.52 (last year it was 2.43). 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 1,741.16 up 28.77 from Monday's closing numerator of 1,712.39. 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 $58.04 up $0.96 from Monday's average closing price of $57.08. The median closing price of Tuesday's Dow Jones Industrial Average was $50.91 (DD/HD)up $0.73 from Monday's median closing price of $50.18. The lowest volume was 3M MMM $88.75 +1.21 1.38% 3,070,929 NYSE and the highest volume again was Bank of America BAC $8.49 +0.50 6.26% 374,779,578 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 $2,877 ($174,116 - $171,239).

MarketWatch Tuesday 3/13/12 4:42 pm by Kate Gibson says U.S. stocks leapt Tuesday, with the Nasdaq Composite finishing above 3,000 for the first time in 11 years, after J.P. Morgan Chase & Co. hiked its dividend, retail sales climbed and the Federal Reserve held rates at record lows. “You don’t want to fight the Feds,” Nick Raich, director of research at Key Private Bank in Cleveland, said of the coordinated actions by the U.S. Federal Reserve and its counterparts overseas.
The Federal Reserve, as expected, keeps its interest rate target between 0% and 0.25% and says a rise in oil and gasoline prices will only "temporarily" push up inflation. “It’s been across the globe, the rally, and a lot of it has to do with the over $6 trillion in stimulus being pumped into the economy,” Raich added.
“We avoided a major banking crisis in Europe, and central banks are doing all they can to reinflate the economy and prop up stock prices,” Raich said. “Today’s news by and large was positive. This economy is still picking up steam,” said Peter Tuz, president of Chase Investment Counsel. Reclaiming its perch above 13,000, the Dow Jones Industrial Average DJIA +1.68% rose 217.97 points, or 1.7%, at 13,177.68, its biggest single-day jump since Dec. 20, 2011, and its highest level since Dec. 31, 2007. The Dow last closed above 13,000 on Feb. 28, its first finish above that level since the middle of 2008. J.P. Morgan Chase JPM -0.62% led blue-chip gains, up 7% after the bank said it would hike its quarterly dividend and repurchase $15 billion of its stock by the end of the first quarter 2013. The S&P 500 Index SPX +1.81% added 24.87 points, or 1.8%, to 1,395.96, with financial companies rallying the hardest among its 10 sectors. Even with Nasdaq above 3,000, the market will likely remain cautious and most leading tech-sector stocks will rise slowly, says tech commentator John C. Dvorak. Also topping a psychological milestone, the Nasdaq Composite COMP +1.88% climbed 56.22 points, or 1.9%, to 3,039.88, its highest level since Nov. 15, 2000.The Nasdaq cleared 3,000 on Feb. 29, but failed to retain the level through the close. That last occurred Dec. 11, 2000. The Nasdaq hit its all-time high of 5,048.62 on March 10, 2000. Apple Inc. AAPL +0.05% shares, the biggest Nasdaq component, hit a record $568.18, and finished at $568.10, up 2.9%, after Jefferies raised its price target on the technology company and research group IDC hiked its outlook for table computer shipments for 2012.
For every stock falling more than three gained on the New York Stock Exchange, where 907 million shares traded. Composite volume topped 4.3 billion. “I don’t know what to make of the low volume, maybe institutions are fully invested and we have not successfully gotten retail investors back into the stock market,” said Tuz.
The dollar climbed against the euro EURUSD -0.07% and the yen USDJPY +0.05% , while bond prices fell, with the yield on the benchmark 10-year note 10_YEAR +0.42% rising to 2.08%. The price of crude wavered between gains and losses, with oil futures for April delivery CLJ2 +0.10% closing up 37 cents at $106.71 a barrel on the New York Mercantile Exchange. As expected, the central bank kept interest rates at record lows and said it would continue its program of swapping short-term for longer-term Treasurys. “They are in a balancing act between some signs of economic growth, chiefly better employment numbers, against rising gas and food prices, so it’s steady as she goes until the next meeting,” said Tuz at Chase Investment Counsel. The Commerce Department reported retail sales climbed 1.1% to $407.8 billion in February, while the prior two months were revised higher. The rising sales were pretty impressive in that rising gas prices haven’t hurt the consumer,” said Raich at Key Private Bank. The upward revisions imply first-quarter economic growth could be “a bit stronger” than first estimated, noted Dan Greenhaus, chief global strategist at BTIG LLC in New York.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T $31.63 +0.19 0.6% 23,445,812 NYSE: No mentions found.

Alcoa AA $10.31 +0.44 4.46% 40,165,762 NYSE: No mentions found.

American Express AXP $54.25 +1.48 2.8% 6,775,356 NYSE: No mentions found.

Bank of America BAC $8.49 +0.50 6.26% 374,779,578 NYSE: WSJ pC2 "Mortgage settlement banks to pay $25 mil in NY state case" by Ruth Simonh says 5 banks including Bank of America & JPMorgan will pay $25 mil to setttle charges of mortgage abuse in NY.

WSJ pA1 "Stress tests buoy US banks" by Dan Fitzpatrick, Inv. Bus. Daily pA1 "JPMorgan leads slew of hikes in dividends" by Jason Ma, NYT pB1 "Most banks, but not all, pass the Fed's stress tests" by Peter Eavis, Fin times p1 "Banks are shroed up by stress test success" by Tom Briathwaite say Bank of America and JPMorgan were among the banks in the Tier 1 Common Ratio that passed regulators' stress test.

Boeing BA $74.31 +0.71 0.96% 4,422,112 NYSE: Inv. Bus. Daily pA2 "Boeing" says Boeing won a 4 satellite conract for a smaller version of its 702 satellite.

Caterpillar CAT $113.3 +4.36 4% 7,993,261 NYSE: Inv. Bus. Daily pB3 "Caterpillar offers growth, solid dividend" by Paul Whitfield says Caterpillar holds the potential for stock price gains & has a stable payout situation.

Fin Times p22 "Caterpillar makes sold ground as S&P 500 hits post-crisis high" by Arash Massoudi says fin'l stocks surged yesterday to carry the S&P to its highest post crisis close on a day that saw all 3 big US indices move into levels not reached in years. Shares in JPMorgan jumped 7% on news it would raise its dividend 20% to 0.30 cents a do a $15 bil buyback. Caterpillar led the Dow up and rose 4%.

Chevron CVX $111.19 +1.19 1.08% 7,195,556 NYSE: No mentions found.

CSCO $20.22 +0.39 1.97% 32,763,201 NASDAQ-GS: No mentions found.

Coke KO $70.25 +0.10 0.14% 8,880,232 NYSE:

Disney DIS $44.01 +1.67 3.94% 14,898,262 NYSE: WSJ pB3 "Disney Exec's compensation approved" by Erica Orden says despite controversy shareholders approved Iger's copensation plan which in '11 totaled $31.4 mil up 12% from a year earlier.

DuPont DD $52.68 +1.48 2.89% 6,998,475 NYSE: No mentions found.

Exxon XOM $86.86 +1.31 1.53% 16,536,708 NYSE: WSJ pB5 "Oil ginat in discussions to enter Iraqu Kurdistan" by Benoit Faucon says Total SA will try to do what Exxon did recently and that is to enter Iraqi Kurdistan.

GE $19.59 +0.46 2.4% 62,585,955 NYSE: No mentions found.

Hewlett-Packard HPQ $24.57 +0.53 2.2% 22,399,149 NYSE: No mentions found.

Home Depot HD $49.14 +0.55 1.13% 10,766,565 NYSE: No mentions found.

Intel INTC $27.49 +0.505 1.87% 33,229,520 NASDAQ-GS: Fin Times p12 "Intel & TV" says Intel is developing an online tv network.

IBM $203.78 +2.78 1.38% 4,793,975 NYSE: No mentions found.

JPMorgan JPM $43.39 +2.85 7.03% 75,442,600 NYSE: WSJ pC16 "Overheard" & pC16 "Fed Res sets Citi limits" by David Reilly, AJC pA14 "JPMorgan Chase ups dividend, can buy stock" say JPM will increase its quarterly dividend from 25 to 30 cents and will buy back $15 bil of its stock by end of 1Q '13.

WSJ pC10 "New JPMorgan fund hits a wall" by Craig Karmin says JPMorgan ahs halted efforts to raise a $750 mil real estate fund due to lack of interest in the type of high risk high return deals contemplated.

WSJ pC3 "Nasdaq plants its flag above 3000" by Jonathan Cheng says stocks soared to multiyear highs as investors welcomed a trifecta of positive signals on the economy from US consumers, the banking system & the Fed Res. The Nasdaq surged 1.9% to its first close above 3000 since late 2000. The Commerce Dept said retail sales gained 1.1% in Feb over Jan. The most powerful move came after JPMorgan said the Fed had allowed it to raise its dividend and do share buybacks.

WSJ pC2 "Mortgage settlement banks to pay $25 mil in NY state case" by Ruth Simonh says 5 banks including Bank of America & JPMorgan will pay $25 mil to setttle charges of mortgage abuse in NY.

WSJ pA1 "Stress tests buoy US banks" by Dan Fitzpatrick, Inv. Bus. Daily pA1 "JPMorgan leads slew of hikes in dividends" by Jason Ma, say Bank of America and JPMorgan were among the banks in the Tier 1 Common Ratio that passed regulators' stress test.

Fin Times p22 "Caterpillar makes sold ground as S&P 500 hits post-crisis high" by Arash Massoudi says fin'l stocks surged yesterday to carry the S&P to its highest post crisis close on a day that saw all 3 big US indices move into levels not reached in years. Shares in JPMorgan jumped 7% on news it would raise its dividend 20% to 0.30 cents a do a $15 bil buyback. Caterpillar led the Dow up and rose 4%.

Johnson & Johnson JNJ $65.33 +0.23 0.35% 9,599,984 NYSE: No mentions found.

Kraft KFT $38.52 +0.40 1.05% 6,763,579 NYSE: No mentions found.

McDonald's MCD $96.78 +0.12 0.12% 6,258,080 NYSE: No mentions found.

Merck MRK $38.28 +0.18 0.47% 14,858,087 NYSE: No mentions found.

MSFT $32.67 +0.63 1.97% 48,122,402 NASDAQ-GS: No mentions found.

Pfizer PFE $22.01 +0.47 2.18% 44,368,640 NYSE: Fin Times p14 "Pfizer ends its insulin tie up with India's Biocon" by Andrew jack says Pfizer abandoned tis insulin partnership with Biocon of India which ends a deal that started in Oct. '10.

Procter & Gamble PG $67.9 +0.19 0.28% 8,955,814 NYSE: WSJ pB7 "P&g's marketing chief looks to go digital" by Emily Glazer says Marc Pritchard will make P&G lean more heavily on lower cost digital marketing and will save $10 bil from its marketing budget.

MMM $88.75 +1.21 1.38% 3,070,929 NYSE: No mentions found.

Travelers TRV $58.41 ++0.80 1.39% 3,428,536 NYSE: No mentions found.

United Technologies UTX $86.57 2.58 3.07% 7,539,747 NYSE: No mentions found.

Verizon VZ $39.48 +0.16 0.41% 10,343,395 DualListed: WSJ pB4 "Verizon hints of iPhone's 4G upgrade" by Greg Bensinger says Verizon will exclusively roll out smartphones this year that will connect to its faster 4G LTE network.

Walmart WMT $61 +0.32 0.53% 8,638,284 NYSE: WSJ pB4 "Walmart to offer movie storage service" by Andria Cheng, USA Today p1B "Walmart to offer film storage in cloud", Inv. Bus. pA2 "Walmart", AJC pA14 "Walmart gets into digital conversions" says Walmart will let consumers access movies they buy on discs over tablets and smartphones and other devices starting 4/16. Walmart will convert existing libararies of consumers' DVDs.

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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 4/24/12 (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 (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 3/7/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $404.5 [5]
2. IBM 229 [1]
3. Microsoft MSFT 268 [8.5]
4. Chevron CVX 216.5 [2]
5. WalMart WMT 205 [3.5]
6. GE 198.5 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. AT&T T 183 [6]
9. Johnson & Johnson JNJ 176.5 [3]
10. Pfizer PFE 161 [7.5]
11. Coke KO 155.5 [2.5]
12. JPMorgan Chase JPM 152.5 [4]
13. Intel INTC 137 [5]
14. Merck MRK 113.5 [3]
15. Verizon VZ 110 [3]
16. Cisco CSCO 104.5 [5.5]
17. McDonald's MCD 102 [1]
18. Bank of America BAC 86 [10.5]
19. United Technologies UTX 75 [1]
20. Disney DIS 75 [2]
21. Home Depot HD 73 [1.5]
22. Caterpillar CAT 70 [.5]
23. Kraft KFT 67 [2]
24. American Express AXP 61 [1]
25. 3M MMM 59.5 [.5]
26. Boeing BA 55 [1]
27. Hewlett-Packard HPQ 48 [2]
28. DuPont DD 47 [1]
29. Travelers TRV 22.5 [.5]
30. Alcoa AA 10 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/7/12:

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

AT&T T: 2/29/12 8K re: redemption of 5.87% Notes due 5/15/12
2/24/12 10K for FY ended 12/31/11
2/21/12 Prelim Proxy re: Annual Meeting of Stockholders on 4/27/12 Grand America Hotel, Salt Lake City, Utah
2/13 8K re: sale of $3 bil Global Notes
1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending commitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks

Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
3/1/12 Prelim Proxy re: Annual Meeting of Shareholders 5/4/12 Fairmont Hotel, Pittsburgh, PA
2/28/12 10K/A & 2/16/12 10K for FY ended 12/31/11
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 plant in Alcoa, Tn & 2 plants in Tx

American Express AXP: 3/2/12 Prelim Proxy re: Annual Meeting of Shareholders 4/30/12 American Express HQ, NYC
2/29/12 & 2/24/12 10K/A & 10K for FY ended 12/31/11
2/15/12 8K re: Deling & write-off stats for 3 months ended 1/31/12
2/13/12 8K re: retirement of Director Dan Akerson
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

Bank of Am BAC: 2/23/12 10K for FY ended 12/31/11
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

Boeing BA: 2/29/12 8K re: grant of stock options to exec
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

Caterpillar CAT: 2/21/12 10K for FY ended 12/31/11
2/21/12 8K re: Jan '12 dealer stats
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

Chevron CVX: 2/23/12 10K for FY ended 12/31/11
1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecast for 4Q
12/12/11 8K re grant of exec stock options

Cisco CSCO : 2/21/12 10Q for Qtr ended 1/28/12
2/17/12 8K re: $3 bil credit agreement with Bank of America
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

Coke KO 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Robert A. Kotick as Dir.
2/15/12 8K re: adoption of restricted stock plan
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.

Disney DIS 2/13/12 8K re: sale of $1 bil of 1.125% Global Notes due '17
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

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

ExxonMobil XOM: 2/29/12 8K re: election of Henrietta H. Fore as Dir.
2/24/12 10K for FY ended 12/31/11
2/23/12 8K re: worldwide proved oil & gas reserves
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

GE: 1/20/12 8K re: 2/24/12 10K re: FY ended 12/31/11

Hewlett-Packard HPQ: 2/22/12 8K re: 1Q results ended 1/31/12
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

Home Depot HD: 2/21/12 8K re: FY '11 results & FY '12 guidance
1/6/12 S-3 Shelf Registration for direct purchase of shares

Intel INTC: 2/28/12 8K re: expansion of JV with Micron Tech for flash memory
2/23/12 10K for FY ended 12/31/11
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

IBM: 2/28/12 10K for FY ended 12/31/11
2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreement 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

JPMorganChase JPM: 3/1/12 8K re: 2/28/12 Investor Day Presentation
2/29/12 10K for FY ended 12/31/11
2/9/12 8K re: global settlement of mortgage foreclosure 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

Johnson & Johnson JNJ : 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Alex Gorsky as CEO & Dir as of 4/26/12
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-!

Kraft KFT: 2/27/12 10K for FY ended 12/31/11
2/21/12 2 8Ks re: '11 operating results & 4Q results
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

McDonald's MCD: 3/7/12 Prelim Proxy re: Annual Meeting of Shareholders 5/24/12 at McDonald's HQ Oak Brook, Ill.
2/24/11 10K for FY ended 12/31/11
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%

Merck MRK: 2/28/12 10K for FY ended 12/31/11
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

Microsoft MSFT: 2/27/12 8K re: election of John W. Thompson as Dir.
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

Pfizer PFE: 2/28/12 10K for FY ended 12/31/12
1/31/12 8K re: 4Q & full year 12/31/11 results
12/13/11 8K re election of 3 new members to Board

Procter & Gamble PG:2/23/12 8K re: Consumer Analyst Conference slides 2/23/12
2/15/12 8K re: sale of Pringles to Kellogg for $2.7 bil in cash
2/10/12 8K re: restructuring of Beauty & Grooming Global 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

3M MMM:2 8ks 2/21/12 & 2 8ks 2/16/12 re: exec pre-arranged stock trading plans
2/16/12 10K FY 12/31/11
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

Travelers TRV: 2/16/12 10K FY 12/31/11
1/24/12 8K re: quarter results ending 12/31/11

United Technologies UTX: 2/24/12 Def. Proxy re: 4/11/12 Annual Meeting of Shareholders Riviera Theatre Charleston, SC
2/17/12 8K re: election of Pedro Baranda as Pres. of Otis Elevator
2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results

Verizon Communications Inc. VZ: 2/24/12 10K FY 12/31/11
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: 2/21/12 8K re: 4Q results
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