Sunday, November 18, 2012

11/18/12 Sun/Sat Hewlett-Packard Reports Thurs.

http://www.dowjonesmonitor.com/

Post No. 1,909 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 recent ranking of the Dow 30 components by market capitalization as of 11/2/12 and recent Dow 30 components' SEC filings as of 11/2/12.


A read of the print editions of Monday's Barron's &  Investor's Business Daily; the combined Sat/Sun issues of each of the Wall St. Journal &  Financial Times; & Sunday's & Sat.'s  New York Times &    Atlanta Journal Constitution 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 a separate table of Dow component's symbol and Friday's stock prices and related data in alphabetical order.

Dow Jones Average: The Dow Jones Industrial Average closed Friday at 12,588.31 down 28.57 or 1.59% from Thursday's close of 12,542.38. For the week the Dow is down 227.08 or 1.77% from last Friday's close of 12,815.39. For the year the Dow is up 3.03%.  Of the Dow components 22 gained and 8 declined. The biggest gainer dollar-wise was IBM up $1.09 and percentage-wise was Alcoa up 1.61%. The biggest decliner dollar-wise was Walmart down 69 cents and percentage-wise was Hewlett-Packard down 1.76 %.

WSJ pB5 "Stocks seize day but decine on the week" by Matt jarzemsky says stocks posted their biggest daily gain since the lection after lawmakers said budget talks with the White House were constructive.

Sat NYT pB7 "Rising hopes for budget talks end Wall St. Slide" by AP says optimism that Obama & Congress will reach a deal on the budget deficit helped stocks nothc their first advance in 4 days on Fri.

Fin Times p13 "Investor fears about fiscal cliff weigh on US equities" by Arash Massoudi says Wall St suffered a 2nd week of heavy losses following the election as continued uncertainty over a resolution of the fiscal cliff weighed on investors.

IBD pB6 "Stocks post modest gains after hints on fiscal talks" by Paul Witfield says stocks rose Friday on optimistic news related to the fiscal cliff talks, seesawing a bit but eventually posting gains for the day.  The action saw indexes reverse higher while the market is still in a correction.


As of the close of the market on Friday the current divisor for the Dow Jones Industrial Average found at page B6 of Saturday's Wall St. Journal is 0.130216081. Saturday's trailing P/E ratio is 13.75 up from Friday's trailing P/E ratio of 13.70 (year ago it was 12.66); Saturday's P/E estimate is 11.99 down from Friday's P/E estimate of 12.15 (year ago it was 12.10) and Saturday's dividend yield is 2.81 down from Friday's dividend yield of 2.73 (last year it was 2.65). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,639.20 up 5.98 from Thursday's closing numerator of 1,633.22. 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 (0.130216081) you get the increase in today's Dow. A dollar increase or decrease in a Dow stock results in a $7.68 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $54644 up 20 cents from Thursday's average of $54.44. The median closing price of Friday's Dow Jones Industrial Average was $49.66 (DIS/UNH) up 30 cents from Thursday's median closing price of $49.36. The lowest volume was Travelers and the highest volume again was Bank of America.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $598 ($163,920 - $163,322).

11/16/12 Fri. 4:24 MarketWatch by Kate Gibson says U.S. stocks climbed Friday, denting weekly losses, as optimistic words followed the opening round of negotiations on averting automatic spending cuts and tax increases set to begin Jan. 1. “It’s a distinct positive that they came out and said, ‘We talked, we saw some common ground.’ It’s not in either party’s interests to go over the cliff,” said Jim Dunigan, managing executive, investments, PNC Wealth Management, after congressional leaders emerged from the meeting with President Barack Obama and labeled the discussions “constructive.” Halting a four-session losing run, the Dow Jones Industrial Average DJIA+0.37% added 45.93 points, or 0.4%, to 12,588.31, leaving it with a 1.8% weekly loss.
The S&P 500 Index SPX+0.48% rose 6.55 points, or 0.5%, to 1,359.88, down 1.5% from the week-ago finish. The Nasdaq Composite COMP+0.57% advanced 16.19 points, or 0.6%, to 2,853.13, off 1.8% for the week. For every stock on the decline, nearly three rose on the New York Stock Exchange, where 949 million shares traded. Composite volume neared 4 billion.
The price of oil climbed on concerns of supply disruption on intensified fighting in the Middle East. Crude futures for December delivery CLZ2+1.37% rose $1.22, or 1.4%, to $86,67 a barrel on the New York Mercantile Exchange. Palestinian missiles hit areas around Jerusalem and Tel Aviv and Israel increased its bombing of the Gaza Strip, according to media accounts. The missile fired at Jerusalem is the first since the 1967 Middle East war, according to the Israeli Foreign Ministry.
Ahead of Friday’s opening bell, stock-index futures had gained after a Wall Street Journal report that the White House is in discussions to replace spending reductions in the so-called fiscal cliff with a smaller package of cuts and tax hikes. After meeting with President Obama on Friday, House Speaker John Boehner and Senate Majority Leader Harry Reid voiced optimism that they have a framework for a deal and they viewed the meeting as constructive .“Thank you, congressional leadership, for coming to your senses. I guess more than a 1,000-points down on the Dow industrials since the election was their wake-up call,” noted Elliot Spar, market strategist at Stifel Nicolaus. State budget chiefs have begun setting aside money and looking for programs they can quickly scale back if leaders in Washington fail to reach a deal to avoid sending the economy over the so-called fiscal cliff.
“It’s a distinct positive that they came out and said ‘we talked, we saw some common ground.’ It’s not in either party’s interests to go over the cliff,” said Jim Dunigan, managing executive, investments, PNC Wealth Management. House Minority Leader Nancy Pelosi said there should be a goal to avert the cliff by Christmas, while Senate Minority Leader Mitch McConnell and Boehner both said Republicans were willing to put revenue on the table to reach a deal. “The challenge of this process is you’re held hostage to the headlines, every time someone mutters something in front of the cameras. Today we got a ray of sunshine, but that could change with the next comment,” said PNC’s Dunigan. “It’s hard enough to forecast what companies are going to do, but politicians? There’s an argument that with six weeks to the end of the year, wouldn’t it be more sensible to look in performance and take risk off the table after a pretty good year,” said Garry Evans, global head of equity strategy at HSBC Holdings PLC in London. “The way I see it is we have a $1.3 trillion deficit, the pedal to the floor monetary policy, and all we have to show for it is 2% growth,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. Industrial production in the U.S. unexpectedly fell in October as superstorm Sandy took out power in the northeast, with output at factories, mines and utilities declining 0.4% last month.

Sunday's & Saturday's Dow News followed by Friday's Closing Dow Numbers:

AT&T:  No mentions found.

Alcoa:  No mentions found.

American Express:  No mentions found.

Bank of America:  No mentions found.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  IBD pA9 "Refines adapting to shale shock" by Alan R. Elliott says refiners have seen recent profits either crumple or soar as it is a thin margin industry which now finds itself restructuring due to the relative cost of refiners' crude imputs vs. their competition.  The rise of shale oil production has meant that Midwest refiners pay less for crude, giving them a profit advantage over rivals on the E. & W. coast.  independent refiners are getting a bigger share of US production, even though integrated firms like Exxon and Chevron still own the nation's largest refineries.

Cisco:  No mentions found.

Coke:  Sun AJC pD1 "Big Georgia firms top expectations" by Russell Grantham says Home Depots 3Q profit was $947 mil up 1.4% from '11 with 4Q estimates of $920 mil up 18.9% from '11.  Coke's 3Q profit was $2.3 bil up 4.1% from '11 with 4Q estimate of $2 bil up 19.6%.

Disney:  No mentions found.

DuPont:  No mentions found.

Exxon:   IBD pA9 "Refines adapting to shale shock" by Alan R. Elliott says refiners have seen recent profits either crumple or soar as it is a thin margin industry which now finds itself restructuring due to the relative cost of refiners' crude imputs vs. their competition.  The rise of shale oil production has meant that Midwest refiners pay less for crude, giving them a profit advantage over rivals on the E. & W. coast.  independent refiners are getting a bigger share of US production, even though integrated firms like Exxon and Chevron still own the nation's largest refineries.

GE:  No mentions found.

Hewlett-Packard:  Barron's p13 "Week preview" says on Tuesday 11/20 Hewlett-Packard posts results before the market opens.

Barron's p21 "Grudge match" by Kopin Tan says Samsung is the No. 2 chip maker behind Intel.analysts expect Apple's share of the tablet market to bounce back with its iPad Minis despite new tables from Google and Microsoft.  Apple carved out a lucrative niche with pricey iMacs and iBooks in a pc market once ruled by Dell, Hewlett-Packard and IBM.

 Barron's p27 "Trouble mounts in PC land, as Dell deeply disappoints" by Tiernan Ray says Steven Sinofsky who ran Microsoft's Windows div, worth 25% of its annual rev and more than half its oeprating profit has left.  Microsoft trades for 8 times next years earnings while Hewlett-Packard is at 3.7 times.  Intel trades for 10 times next year's earnings.

Home Depot:  Sat AJC PA11 "Staples CEO leaves Home Depot board" by Arielle Kass  says Ronald Sargent who joined the boast last year resigned effective immeidately.

  Sun AJC pD1 "Big Georgia firms top expectations" by Russell Grantham says Home Depots 3Q profit was $947 mil up 1.4% from '11 with 4Q estimates of $920 mil up 18.9% from '11.  Coke's 3Q profit was $2.3 bil up 4.1% from '11 with 4Q estimate of $2 bil up 19.6%.

Intel:  Barron's p21 "Grudge match" by Kopin Tan says Samsung is the No. 2 chip maker behind Intel.analysts expect Apple's share of the tablet market to bounce back with its iPad Minis despite new tables from Google and Microsoft.  Apple carved out a lucrative niche with pricey iMacs and iBooks in a pc market once ruled by Dell, Hewlett-Packard and IBM.

Barron's p27 "Trouble mounts in PC land, as Dell deeply disappoints" by Tiernan Ray says Steven Sinofsky who ran Microsoft's Windows div, worth 25% of its annual rev and more than half its oeprating profit has left.  Microsoft trades for 8 times next years earnings while Hewlett-Packard is at 3.7 times.  Intel trades for 10 times next year's earnings.

IBM:    Barron's p21 "Grudge match" by Kopin Tan says Samsung is the No. 2 chip maker behind Intel.analysts expect Apple's share of the tablet market to bounce back with its iPad Minis despite new tables from Google and Microsoft.  Apple carved out a lucrative niche with pricey iMacs and iBooks in a pc market once ruled by Dell, Hewlett-Packard and IBM.

JPMorgan:  WSJ pB1 "SEC, Two banks settle over loans" by Christian Berthelson et al, Sat NYT pB1 "2 banks to settle case for $417 mil" by Jessica Silver'Greenberg,  Sat NYT pB1 "Another fumble by the SEC on Fraud" by James B. Stewart, Sat. AJC pA11 "Banks to pay $417M to settle civil charges", Barron's p12 "Week review" say JPMorgan and Creidt Suisse will pay $416.9 mil to settle civil charges re: risky mortgage bonds prior to '08 .

WSJ pB2 "SEC drops bond lawsuit" by Jean Eaglesham says the SEC dropped its civil lawsuit against Edward Steffelin who was the only peson sued who was accused of misleading investors in a JPMorgan mortgage bond deal that imploded during the fin'l crisis.

Fin Times p12 "Bankers gear down on performance pay" by Daniel Schafer says JPMorgan's rev is down 7%, its pay is down 7% and its pre-tax profit is up 7.9%.

Johnson & Johnson:  No mentions found.

McDonald's:  Barrron's pM13 "Research reports" edited by Paul Farrell says Morgan Stanley issued a report on McDonald's on 11/13 with the recoemmendation of "equal weight" saying better product promos & renewed emphasis on value should help US trends  iprove in '13 though the near tem outlook remains challenging for McDonald's.  Mgmt is focusing on the Dollar Menu, blended ice beverages and more breakfast and late night products and  modernizing restaurants.

Merck:  No mentions found.

Microsoft:   Barron's p21 "Grudge match" by Kopin Tan says Samsung is the No. 2 chip maker behind Intel.analysts expect Apple's share of the tablet market to bounce back with its iPad Minis despite new tables from Google and Microsoft.  Apple carved out a lucrative niche with pricey iMacs and iBooks in a pc market once ruled by Dell, Hewlett-Packard and IBM.

Barron's p27 "Trouble mounts in PC land, as Dell deeply disappoints" by Tiernan Ray says Steven Sinofsky who ran Microsoft's Windows div, worth 25% of its annual rev and more than half its oeprating profit has left.  Microsoft trades for 8 times next years earnings while Hewlett-Packard is at 3.7 times.  Intel trades for 10 times next year's earnings.

WSJ pB7 "Why Microsoft beats Apple" by Brett Arends says Microsoft could be the better value stock when copared to Apple.

Fin Times p11  "A whole new Ballmer game" by Richard Waters says Microsoft has given its CEO only half his potential bonus in the past 3 years.  Shold Windows 8 flop, Mr. Ballmer's own head may be the one on the chopping blck next.  

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

UnitedHealthcare:  No mentions found.

United Technologies:  No mentions found.

Verizon:  No mentions found.

Walmart: Barron's p14 "Sears stumbles on its path higher" by Leslie P. Norton says Sears had sales declines for its 3Q partially due to expansion by dollar stores and Walmart Stores.

Sat. NYT pB2 "Walmart takes legal action to stop protests at stores" by Reuters says Walmart filed an unfair labor practice vs. the United Food & Comm'l Workers Int'l Union to stops months of protests and rallies outside Walmart stores.

Friday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
PFENYSE
PGNYSE
MMMNYSE

********************
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 Alex Gorsky (New Brunswick, NJ)

McDonald's MCD Donald Thompson (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)

UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)

United Technologies UTX Louis Chenevert (Hartford, CT)

Verizon VZ Lowell McAdam (NY, NY)

Wal-Mart WMT Mike Duke (Bentonville, ARK)

***************************

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

1. Exxon Mobil XOM $416.5
2. Microsoft MSFT 248
3.WalMart WMT 244.6
4. GE 225
5. IBM 218.5
6. Chevron CVX 212.5
7. AT&T T 201.5
8. Johnson & Johnson JNJ 195.5
9. Procter & Gamble PG 189
10. Pfizer PFE 183.5
11. Coke KO 166.5
12. JPMorgan Chase JPM 161
13. Merck MRK 140
14. Verizon VZ 127
15. Intel INTC 110.5
16. Bank of America BAC 106
17. Home Depot HD 93.5
18. Cisco CSCO 92
19. Disney DIS 89.5
20. McDonald's MCD 87.5
21. United Technologies UTX 71.5
22. American Express AXP 64
23. 3M MMM 61.5
24. UnitedHealth UNH 57
25. Caterpillar CAT 56
26. Boeing BA 53
27. DuPont DD 41
28. Hewlett-Packard HPQ 27
29. Travelers TRV 26.5
30. Alcoa AA 9.5

****************************************

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 10/4/12:

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

AT&T T: 11/2/12 10Q for 3Q ended 9/30/12
10/24/12 2 8Ks (10/24) re: 3Q results
10/19/12 8K re: in-kind contrib. to pension plans

Alcoa AA: 10/25/12 re: 3Q ended 9/30/12
10/15/12 8K re: transcript of 3Q earnings call
10/10/12 8K re: 3Q results
10/3/12 8K re: EPA remedial plan for Grasse River


American Express AXP: 10/31/12 10Q re: 3Q ended 9/30
10/17/12 8K re: 3Q results
10/15/12 8K re: delinq. & write-off stats for 3 mos. ended 9/30
10/1/12 8K re: settlement re: U.S. card practices with regulators
9/17/12 8K re: delinq & write-off stats for June, July & Aug
8/15/12 8K re: dlinq. & write0off stats for months of May, June, and July
8/8/12 8K re: presentation from semi-annual Fin'l Community Meeting
8/2/12 10Q for quarter ended 6/30/12


Bank of Am BAC: 11/2/12 10Q 3Q ended 9/30
10/17/12 8K re: 3Q results
9/28/12 8K re: settlement re: $1.6 bil regarding Merrill Lynch purchase
8/23/12 8K re: 4 new directors: Sharon Allen, Jack Bovender, Linda Hudson & David Yost
8/10/12 8K re: retirement of Vice Chiar Charles H. Noski as of 9/1
8/2/12 10Q for quarter ended 6/30/12


Boeing BA: 10/24/12 10Q re: 3Q ended 9/30
10/24/12 8K re: 3Q rsults
10/17/12 8K re: two $2.3 bil credit agreements
8/29/12 8K re: bylaw amendments


Caterpillar CAT: 11/2/12 10Q 3Q eneded 9/30
10/22/12 8K re: 3Q results
10/19/12 8K re: Sept. dealer stats
10/12/12 8K re: officer changes
9/28/12 8K re: price increases
9/21/12 8K re: Aug. dealer stats
9/17/12 8K re: credit agreement for $100 mil
9/7/12 S-4; 8/28/12 8K & 8/20/12 8K all re: exchange offer for debentures


Chevron CVX: 11/2/12 8K re; 3Q results
10/9/12 8K re: 3Q interim results
10/3/12 8K re: election of Dr. Alice P. Gast to Board
8/2/12 10Q & 7/27/12 8K re: 2 Qtr. results ended 6/30/12


Cisco CSCO : 10/4/12 8K re: appointment of Gary B. Moore as Pres & other exec appointments
9/26/12 14A Proxy re: Annual Shareholders Meeting on 11/15/12 at Santa Clara,CA
9/19/12 8K re: departure of Jerry Yang from Board
9/12/12 10K for year ended July 28 '12
8/15/12 8K re: 4Q and FY '12 earnings
8/2/12 8K re: appointment to Bd. of CEO of salesforce.com Marc Benioff and Kristina M. Johnson, CEO of enduring Hydro, LLC


Coke KO: 10/25/12 10Q re: 3Q ended 9/28
10/16/12 8K re: 3Q results
9/14/12 8K re: exec changes
8/23/12 8K re: shareholder approval of stock split

Disney DIS: 10/30/12 8K re: Disney to acquire Lucasfilm
8/7/12 10Q & 8/7/12 8K results for 3rd quarter ended 6/30/12


DuPont DD: 10/23/12 10Q & 8K & 10/9 8K all re: 9/30 Q results
9/4/12 8K re: sale of Performance Coatings Div to Carlyle Group for $4.9 bil


ExxonMobil XOM: 11/2/12 8K re: elecgtion of CEO of Xerox, Ursula M. Burns to Bd
11/1/12 8K re: 3Q results
8/2/12 10Q & 7/26/12 8K re: 2Q results ended 6/30/12


GE: 10/19/12 8K re: 3Q results
10/9/12 8K re: Offering of $7 bil of notes (closing)


Hewlett-Packard HPQ: 10/3/12 8K e: earnings outlook for '13 fiscal year
9/10/12 10Q & 8/22/12 8K re: quarter ended 7/31/12
8/8/12 8K re: write-down due to impairment of goodwill


Home Depot HD: 9/21/12 8K re: election of mark Vadon to Board
8/22/12 10Q for qtr ended 7/29/12
8/14/12 8K re: quarter ended 7/29
8/7/12 8K re: purchase of U.S. Home systems and related Proxy statement


Intel INTC: 10/31/12 10Q & 10/17 8K & 10/16 8K all re: 9/29 Q results
9/12/12 8K re: closed pruchase of ASWML Holding for $3.1 bil
9/7/12 8K re: lowering 3Q rev outlook
8/1/12 10Q for quarter ended 6/30/12


IBM: 10/30/12 & 10/17 8K & 10/16 8K all re: 3Q results ended 9/30
10/12/12 8K reL election of Virginia M. Rometty to Chrmn of Bd.
9/25/12 8K re: election of Virginia M. Rometty as Chair of Board
8/1/12 8K re: closing of sale of IBM's Retail Store Solutions biz to Toshiba Tec



JPMorganChase JPM: 9/24/12 8K re: offering of $3 bil of 3.25% Note due '22
9/19/12 8K re: clsoing of 2.9% Notes due '17
8/27/12 8K re: isswuance of 5.5% non-cumulative Pref shares, Series O
8/20/12 8K re: closing of $2.5 bil 2% Notes due '17
8/9/12 10Q for period ended 6/30/12



Johnson & Johnson JNJ : 10/16/12 8K re: 3Q ended 9/30
8/16/12 8K re: discontinuance of bapineuzumbab trials
8/2/12 10Q for quarter ended 7/1/12


McDonald's MCD: 11/1/12 10Q & 10/19 8K re: 3Q ended 9/30
9/28/12 8K re: adoption of accoutning standard
9/24/12 8K re: quarterly cash div
9/12/12 8K re: sales increase of 3.7% in Aug.
8/9/12 8K re: July '12 sales
8/6/12 10Q for quarter ended 6/30/12



Merck MRK: 10/26/12 8K re: 3Q results
9/13/12 8K re: closing of sale of notes
8/7/12 10Q & 7/27/12 8K re: results of second quarter ended 6/30/12



Microsoft MSFT: 11/2/12 8K & 10/18 10Q & 10/18 8K re: 1Q results
10/17 & 10/10 & 10/9 Proxy materials re: 11/28 Annual Meeting of Shareholders at Bellevue, Wash
10/9/12 8K re: retirement of Reed Hastings from Bd & other Bd. changes
9/18/12 8K re: increase in quarterly div & retirement of Raymond Gilmartin from Board


Pfizer PFE: 11/1/12 8K re: 3Q results
8/14/12 8K re: purchase of marketing rights to OTC Nexium from AstraZeneca
8/9/12 10Q & 7/31/12 8K re: results of 2 Qtr ended 7/1/12



Procter & Gamble PG: 10/25/12 10Q & two 8Ks 10/25 re 1Q results ended 9/30
10/12/12 re: '12 Annual Shareholder Mtg results
10/9/12 8K re: dividend of 0.562 cents per share payable on 11/15 to 10/19 record holders
10/9/12 re: CEO's speech at Shareholder Mtg
9/21/12 14A proxy re: candidate for Board
9/6/12 8K re: FD disclosure re: Barcaly's Back to School consumer conf.
8/24/12 14A Proxy re: Annual Meeting of Shareholders on 10/9/12 in Cincinnati
8/16/12 Form 8-A & 8/16 & 8/14/12 8Ks re sales of notes
8/8/12 10K and 8/3/12 2 8Ks all re: fourth quarter results for year ended 6/30/12



3M MMM: 11/1/12 10Q & 10/23 8K re: 3Q ended 9/30
10/3/12 8K re: $1.5 bil revolving credit agreement
10/1/12 8K re: contract to purchase Ceradyne Inc. for $35 per share
8/29/12 K re: $150 mil credit agreement
8/2/12 & 7/26/12 8K re: 2nd quarter results for quarter ended 6/30/12



Travelers TRV: 10/18/12 10Q & 10/18 8K re: 3Q ended 9/30/12
7/19/12 10Q & 7/19/12 8K re: results of quarter ender 6/30/12


UnitedHealth Group UNH: 11/2/112 Bd. & officer changes
10/30/12 10Q for quarter ended 9/30
10/2212 8K re: underwriting agreement to sell over $3.4 bil of notes
10/16/12 8K re: 3Q results
10/9/12 8K re: purchase of 90% of Brazil firm Amil Participacoas for $4.9 bil in cash
9/10/12 re: FD disclosure re: Morgan Stanley Healthcare Conference
8/7/12 10Q re: quarter ended 6/30/12


United Technologies UTX: 10/26/12 & 10/23/12 8K re: 3Q ended 9/30
10/11 8K/A re: Goodrich purchase
9/12/12 8K re: election of Marshall Larsen to Board


Verizon Communications Inc. VZ: 11/2/12 8K re: tenderoffer for $1.25 bil of its notes
11/2/12 8K re: Agreements ith CWA & IBEW for new 3 year congtracts covering 43,000 workers
10/25 10Q & 10/18 8K & 10/5/ 8K re: 3Q ended 9/30
10/17 8K re: transfer $7.5 bil of pension plan obligations to Prudential


WalMart WMT: 9/6/12 10Q for quarter ended 7/31/12
8/16/12 8K re: 2 Qtr results
END

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