Friday, December 28, 2012

12/28/12 Fri. pm Dow Closes at 12,938.11 down 158.2 or 1.21%

http://www.dowjonesmonitor.com/

Post No. 1,972 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 12/7/12 and recent Dow 30 components' SEC filings as of 12/7/12.

The Dow Jones Industrial Average closed Friday at 12,938.11 down 158.20 or 1.21% from Thursday's close of 13,096.31. For the week the Dow is down 252.73 or 1.92% from last Friday's close of 13,190.84. Of the Dow components all 30 declined. The biggest decliner dollar-wise was IBM down $2.88 and percentage-wise was2.56 %.

As of the open of the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.130216081. Friday's trailing P/E ratio is 14.55  down from yesterday's trailing P/E ratio of 14.57 (year ago it was 13.29); today's P/E estimate is 12.65 unchanged from Thursday' s P/E estimate of 12.65 (year ago it was 12.37) and today's dividend yield is 2.68 unchanged from yesterday's dividend yield of 2.68 (last year it was 2.59). 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 1,684.75 down 20.60  from Thursday's closing numerator of 1,705.35. 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 (0.130216081) you get the decrease 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 $56.16 down 68 cents from Thursday's average of $56.84. The median closing price of Friday's Dow Jones Industrial Average was $51.51   (DIS/UNH) down 48  cents from Thursday's median closing price of $51.99. 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 lost $2,060   ($170,535 - $168,475).

Friday 12/28/12 MarketWatch 4:33   pm by Kate Gibson says U.S. stocks fell hard on a report that President Barack Obama did not have a new offer to avert the so-called fiscal cliff in talks with congressional leaders Friday afternoon. “There might be some last-minute Hail Mary resolution or a chance there is some tax agreement, but I don’t think there will be any spending agreement” before the end of the year, said Chip Cobb, portfolio manager at BMT Asset Management. Equities extended a losing streak into a fifth session. The Dow Jones Industrial Average  DJIA -1.21% shed 158.20 points, or 1.2%, at 12,938.11, off 1.9% from the week-ago close.  DJIA 12,938.11, -158.20, -1.21%    SPX 1,402.43, -15.67, -1.10%    COMP 2,960.31, -25.59, -0.86%
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The S&P 500 Index SPX -1.10% shed 15.67 points, or 1.1%, at 1,402.43, leaving it with a weekly decline of 1.9%.  The Nasdaq Composite IndexCOMP -0.86% lost 25.59 points, or 0.9%, at 2,960.31, down 2% for the week. For every stock rising, more than two fell on the New York Stock Exchange, where 535 million shares traded. Composite volume topped 2.4 billion. Republican and Democratic leaders met with President Barack Obama at the White House Friday afternoon, as talks continued to reach a deal to avert steep spending cuts and tax hikes. The gathering included House Speaker John Boehner and Senate Minority Leader Mitch McConnell, both Republicans, as well as Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, both Democrats. The market, for the most part, is prepared for the budget drama to continue to play out into the first two to three weeks of 2013, according to Cobb. “What it’s not prepared for is if it’s Feb. 15 and we’re still talking about this,” he said. Equities had cut their losses after Bloomberg News reported Obama would propose a scaled-back offer in another effort at reaching a deal. “Headlines coming across the tape are giving details of the president’s proposal. … We sure hope somebody has something up their sleeve,” Elliot Spar, a market strategist at Stifel, Nicolaus & Co., wrote in emailed comments. The market continued its recent trend of offering little (if any) reaction to economic reports, as investors fixated on efforts to reach a budget agreement. The National Association of Realtors reported pending home sales climbed for a third month in November, with its index up 1.7% to 106.4, the highest level since April 2010. “All of these reports are totally overshadowed by this, and will continue to be until it’s done,” Cobb commented of efforts to avoid roughly $600 billion in tax increases and spending reductions, widely seen as enough to push the economy into recession.

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
TRVNYSE
UNHNYSE
UTXNYSE
VZDualListed
WMTNYSE
******************
The following are excerpts from Friday morning's Blog.

A read of the print editions of Friday'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 a separate table of Dow component's symbol and Thursday's stock prices and related data in alphabetical order.

Dow Jones Average: The Dow Jones Industrial Average closed Thursday at 13,096.31 down 18.28 or 0.14% from Wednesday's close of 13,114.59. For the year the Dow is up 7.19%. Of the Dow components 6 gained, Coke was unchanged and 13 declined. The biggest gainer dollar-wise was IBM up 76 cents and percentage-wise was UnitedHealth up 0.41 %. The biggest decliner dollar-wisewas Travelers down 45 cents and percentage-wise was Cisco 1.36%.

WSJ pC4 "Stocks swing back on talks" by Matt Jarzemsky says the Dow nearly escaped a 4th straight loss, recouping most of 151 point intraday slide on reports the House of Reps will reconvene to try to avert the fiscal cliff.

NYT pB5 "Sahres dip and rise with fiscal moves" by Reuters says stocks fell for a 4th day on Thurs but recovered most of their losses after the House said it would come back to work on the fiscal crisis this weekend.  

Fin Times p20 "Michael Kors out of style as consumer malaise hurts retailers" by Stephen Foley says US stocks ended modestly lower as uncertainty continued due to the fiscal cliff.

IBD pB2 "Stocks do u turn on hint of new effort at fiscal fix" by Paul Whitfield says stocks dropped inthe first half of thursday's session but then reversed on news that the US House of Reps will reconvene Sunday raising hopes for a fiscal cliff agreement.  Thursday's action saw reverses higher, ending mixed in rising volume while the current outlook is uptrend under pressure.


Thursday's Dow Jones Industrial Average closing numerator was 1,705.35 down 2.38 from Wednesday's closing numerator of 1,707.73. 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 (0.130216081) you get the decrease 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 Thursday's Dow Jones Industrial Average was $56.84 down 8 cents from Wednesday's average of $56.92. The median closing price of Thursday's Dow Jones Industrial Average was $51.99 (DIS/UNH) down 5 cents from Wednesday's median closing price of $52.04. The lowest volume was 3M and the highest volume again was Bank of America.

If Thursday 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 lost $238 ($171,092 - $170,535).

Thursday 12/27/12 MarketWatch 4:46 pm by Kate Gibson says U.S. stocks reduced their losses Thursday after word the U.S. House would convene Sunday night as lawmakers try to reach a deal to break the budget impasse before the end of the year. “As long as the negotiations resolve themselves relatively early we’ll get out mostly unscathed,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. Equities erased the bulk of what had been sharp losses as Wall Street detected movement to avoid steep spending cuts and tax increases set to start Jan. 1. After falling below the 13,000 level for the first time in three weeks, the Dow Jones Industrial Average DJIA-0.14% came back from a 150-point decline to end at 13,096.31, down 18.28 points, or 0.1%.
The S&P 500 index SPX-0.12% retreated 1.74 points, or 0.1%, to 1,418.09, with utilities hardest hit and consumer companies the best performing of its 10 industry sectors. The Nasdaq Composite COMP-0.14% declined 4.25 points, matching the 0.1% retreat of the other major indexes, to 2,985.90. Decliners edged ahead of advancers on the New York Stock Exchange, where nearly 567 million shares traded. Composite volume topped 2.8 billion. Investor unease over the unresolved fiscal cliff had pushed equities to multiweek lows and propelled the CBOE Volatility Index VIX-0.05% above 20 for the first time since late July. Efforts to avert the confluence of spending cuts and tax hikes had seemingly hit a wall, with Senate Majority Leader Harry Reid calling prospects for an agreement before Jan. 1 unlikely. Stocks steepened their decline after Reid said there had been no movement in negotiations. On Wednesday, Treasury Secretary Timothy Geithner said in a letter to Congress that the U.S. debt ceiling would be reached on Dec. 31 and the Treasury would start using “extraordinary measures” to finance the nation’s red ink early next year. DJIA 13,096.31, -18.28, -0.14% , SPX 1,418.10, -1.73, -0.12% , COMP 2,985.91, -4.25, -0.14% . Thursday’s economic reports were mixed. Consumer confidence declined in December as the budget battle darkened the public’s view of the economy. “Unfortunately that’s likely to be a trend until there is some resolution,” Ablin said. Another report had new-home sales rising to a more-than-two-year high in November, while a separate government report had first-time applications for jobless benefits falling by 12,000 to 350,000 last week.

Friday's Dow News followed by Thursday's Closing Dow Numbers:

AT&T:  No mentions found.

Alcoa:  No mentions found.

American Express:  No mentions found.

Bank of America:  WSJ pC3 "Banks are fiend for funneling fees" by Lanthe Jeanne Dugan, Andrew Ackerman says JPMorgan, Bank of America and 3 other banks were fined for a total of $4.5 mil for funneling money from Cal. bondsale proceeds into lobbying efforts.

 NYT pB3 "Dealbook" lists JPMOrgan as the 4th top fin'l m&a adviser and Bank of America's Merrill Lynch 8th in 2012.  Last year JPM was 3 and Merrill was 4.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  IBD pA2 "chevron finds gas off Australia" says Chevron made 2 more gas finds there bringing its total there to 19 since mid '09.

Cisco:  No mentions found.

Coke:  WSJ pA1 "Coke calls a doc to put fizz in sale, but is he the real thing?" by Mike Esterl discusses a 19th century pharmicist's image, Doc Pemberton, who invented Coca-Cola as a photograph of him may become available.

Disney:  No mentions found.

DuPont:  No mentions found.

Exxon:  No mentions found.

GE:  No mentions found.

Hewlett-Packard:  IBD pA2 "Hewlett-Packard" says Justice Dept is probing its claims of accouting fraud inits Autonomy purchase.

Home Depot:    WSJ pC3 "Deferred itnerest cards draw ire" by Andrew R. Johnson says personal finance experts are saying that a failrue to pay off just a few dollars from their Walmart and Home Depot and other big name retailers' credit cards can leave them with major finance charges later on.

Intel:  No mentions found.

IBM:  No mentions found.

JPMorgan:  WSJ pC1 "Whale capsized banks' rule effort" by Scott Patterson says the Whale trading losses damaged James Dimon's rep in DC and JPMorgans efforts to prevent more banking restrictions.

WSJ pC3 "Banks are fiend for funneling fees" by Lanthe Jeanne Dugan, Andrew Ackerman says JPMorgan, Bank of America and 3 other banks were fined for a total of $4.5 mil for funneling money from Cal. bondsale proceeds into lobbying efforts.

NYT pB3 "Dealbook" lists JPMOrgan as the 4th top fin'l m&a adviser and Bank of America's Merrill Lynch 8th in 2012.  Last year JPM was 3 and Merrill was 4.

Johnson & Johnson:  USA Today p7B "Natables in Business who passed in 2012" lists James Burke, former Johnson & Johnson CEO who steered it through the Tylenol poisonings in the '80's.

McDonald's:  No mentions found.

Merck:    IBD pA4 "Post-blockbuster era here for big Phrama" by Amy Reeves is an interview with the CEO of Parexel which tests new drugs for Merck, Pifzer and others and focuses on biosimilars, knockoffs of biologic durgs that cannot copied by the usual method for generics.

Microsoft:  No mentions found.

Pfizer:  IBD pA4 "Post-blockbuster era here for big Phrama" by Amy Reeves is an interview with the CEO of Parexel which tests new drugs for Merck, Pifzer and others and focuses on biosimilars, knockoffs of biologic durgs that cannot copied by the usual method for generics.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

UnitedHealth:  No mentions found.

Untited Technologies:  No mentions found.

Verizon:  No mentions found.

Walmart:  WSJ pC3 "Deferred itnerest cards draw ire" by Andrew R. Johnson says personal finance experts are saying that a failrue to pay off just a few dollars from their Walmart and Home Depot and other big name retailers' credit cards can leave them with major finance charges later on.

WSJ pB4 "Walmart to polcie US warehouses" by Shelly Banjo says Walmart will monitor subcontractors' US wrehouse in the same way it tries to police conditions at suppliers' factories around the globe due to complaints of poor worker treatment at the warehouses.

Thursday'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
TRVNYSE
UNHNYSE
UTXNYSE
VZDualListed
WMTNYSE
******************
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) (has announced early retirement)

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 12/7/12 ranked in order of market capitalization:

1. Exxon Mobil XOM $404
2. WalMart WMT 241.8
3. GE 225
4. Microsoft MSFT 222.6
5. IBM 216.9
6. Chevron CVX 209.4
7. Johnson & Johnson JNJ 195.2
8. AT&T T 191.6
9. Procter & Gamble PG 192.2
10. Pfizer PFE 188.2
11. Coke KO 169.1
12. JPMorgan Chase JPM 161.8
13. Merck MRK 135.7
14. Verizon VZ 126.7
15. Bank of America BAC 114.6
16. Intel INTC 100.3
17. Cisco CSCO 102.7
18. Home Depot HD 96.4
19. McDonald's MCD 88.8
20. Disney DIS 87.3
21. United Technologies UTX 74.2
22. American Express AXP 63.3
23. 3M MMM 63.3
24. Caterpillar CAT 56.9
25. Boeing BA 56.3
26. UnitedHealth UNH 55
27. DuPont DD 40.3
28. Travelers TRV 28
29. Hewlett-Packard HPQ 27.4
30. Alcoa AA 9

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

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

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

AT&T T: 12/4/12 8K underwriting agreement Global Notes due '20
11/20/12 - Announcemnt of reference yield of notes & results of exchange offer
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: 11/28/12 8K results of private exchange offer
11/27/12 8K re: terms of privte exchange offer
11/15/12 8K re: write-off credit stats Aug., Sept., Oct
11/13/12 8K re: announcement of private offer
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


Bank of Am BAC: 11/5/12 8K re: redemption of sub debentures
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 Chair 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: 11/20/12 8K re: 3 months dealer stats
11/6/12 8K re: executive compensation for Group Pres.
11/6/12 Prospetus for exchange offer of debentures
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: 12/5/12 8K re: issuance of $2 bil of notes
11/6/12 10Q Qtr. ended 9/30/12
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


Cisco CSCO: 11/20/12 10Q & 11/13/12 8K re: Qtr. ended 10/27
11/16/12 8K re: amdmt to exec. comp. plan
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: 11/29/12 8K re: issuance of $2 bil Global Notes
11/21/12 10K & 11/8/12 8K re: results year ended 9/29
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: 12/4/12 8K re: grant of bonus to CEO tillerson of $4.5 mil
11/30/12 8K re: retirement of SVP D.D. Humphreys
11/6/12 10Q for Qtr ended 9/30
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: 11/7/12 10Q for Qtr ended 9/30
10/19/12 8K re: 3Q results
10/9/12 8K re: Offering of $7 bil of notes (closing)


Hewlett-Packard HPQ: 11/20/12 8K re: results year ended 10/31
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: 11/21/12 10Q & 11/13/12 8K re: 4Q ended 10/28
11/16/12 8K re: resignation of Ron L. Sargent from BOD
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: 12/6/12 & 12/4/12 8Ks re: issuance of $6 bil of Notes
12/4/12 8K re: adoption of FASB standard
11/19/12 8K re: retirement of Paul S. Otellini at May Annual Mtg. of Shareholders
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: 11/16/12 8K re: sale of 1.375% Notes
11/5/12 8K re: bae salary of $1.5 mil for CEO Virginia Rometty
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: 12/5/12 8K re: Mark W. O'Donovan is now Controller
12/4/12 8K re: slides from U.S. fin'l services inv. conf.
12/4/12 8K re: reorganization
11/21/12 8K re: Marianne Lake is now CFO, other appointments
11/8/12 10Q for Qtr ended 9/30
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: 12/3/12 8K re: CEO Alex Gorsky replaces Bill Weldon as Chiar of BOD eff. 12/28
11/9/12 8K re: Eugene Washington is on BOD
11/9/12 10Q for Qtr ended 9/30
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: 12/4/12 8K & 11/15/12 8K re: Jeff Stratton succeeds Janice Fields as Pres. of McDonald's USA
11/9/12 8K re: global sales decreased 1.8% in Oct.
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: 11/29/12 8K re: Amendment to Control seperation Benefits Plan
11/9/12 10Q re: Qtr ended 9/30
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: 11/29/12 8K re: results of annual shareholders mtg.
11/16/12 8K re: resignation of Steven Sinofsky as Pres. of Windows Div.
11/7/12 8K re: issuance of $2.25 bil of notes
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: 11/9/12 10Q re: Qtr ended 9/30
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: 12/5/12 8K re: estimate of losses due to Hurricane Sandy
10/18/12 10Q &
10/18 8K re: 3Q ended 9/30/12


UnitedHealth Group UNH: 12/6/12 & 11/19/12 8Ks re: purchase of over 60% of shares of Amil
11/26/12 8K re: annual inv. conf.
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: 12/8/12 8K re: election of EVP Merchandizing
11/13/12 8K re: Cellco Partnership d/b/a Verizon Wireless disgtri buted $18.5 bil to the two owners, Verizon Communications & Vodaphone
11/8/12 8K re: disclsoure of Wells Fargo Tech, Media & telecom Conf.
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: 12/4/12 10Q & 11/15/12 8K re: results of Qtr ended 10/31
9/6/12 10Q for quarter ended 7/31/12
THE END

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