10/29/09 Thurs. am P&G May Sell Some Brands

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Post #184 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report. Towards the end of this Blog is a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 10/28/09 and an update of the Dow 30's most recent SEC filings as of 10/12/09.

A read of Thursday's 10/28/09 print editions of: Wall Street Journal, New York 9Times, The Financial Times, Investors Business Daily, USA Today, Atlanta Journal Constitution & Fulton Daily Report 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 Wednesday's closing price and related data:

Dow:The Dow Jones Industrial Average closed Wednesday at 9762.99 down 119.48 or 1.21% from Tuesday's close of 9882.17. Of the 30 Dow Companies: 23 declined and 7 gained. The biggest gainer dollar-wise was IBM $121.5 +0.85 0.7% 8,687,923 NYSE and percentage-wise was Verizon VZ $29.95 +0.75 2.57% 49,398,719 NYSE and the biggest decliner dollar-wise was Caterpillar CAT $54.43 -2.26 3.99% 12,036,565 NYSE and percentage-wise was Alcoa AA $11.93 -0.88 6.87% 53,273,729 NYSE.

WSJ pC1 "As Dow Falls, Market Worry Rises" by E.S. Browning says after a handful of days above 1000, the Dow Jones Industrial Average has pulled back. Investors are once again growing way of risk. After bidding up stocks including the most speculative companies, commodities and risky bonds, investors this week put their cash in US Treasurys and dollars.

WSJ pC5 "Alcoa Tumbles 6.9%; Goodyear Tire Skids" by Geoffrey Rogow says a round of tepid economic and corporate reports weighed on stocks broadly, with Alcoa, Caterpillar and American Express leading the Dow Jones Industrial Average to its third triple-digit decline in 4 seasons. Setting off Wed's session were disappointing data on new home sales and durable goods ahead of a heavily watched Thurs. report on 3Q US gross domestic product. After earnings dominated the tape in recent weeks, traders said economic data will likely drive investor sentiment in the near term. Caterpillar was down 4%. For metals and industrial firms, global demand concerns dmoinated the trading. Still, Caterpillar is the Dow's best performer over the past 3 months, up27%. American express is second best, up 25% even though on Wed it slid 3.6%.

FT p28 "Materials and energy sectors head blue-chip declines" by Gregory Meyer says US equities fell yesterday, pulled lower by a broad range of stocks in the materials, energy and financial sectors.

NYT pB7 "Weak Home Sales Trump Strength in Durable Goods" by Javier C. Hernandez says stocks fell on Wed as investors digested gloomy numbers on sales of new homes and were unmoved by a report that showed a rise in US durable goods orders. New one family homes sold at a seasonally adjusted annual rate of 402,00 in Sept, falling short of the 440,000 projected by economists.

IBD pA1 "Stocks Slammed In Increased Volume" by Paul Whitfield says stocks tumbled further south Wed, dragging down even some stocks that reported strong quarterly earnings.

USA Today p4B "Markets drop as new home sales dip" by Bloomberg says US stocks fell Wed, extending a global slump as an unexpected decrease in new home sales added to concerns that the 7 month rally in stocks oupaced prospects for economic growth.

USA Today "p1B" Earnings improve, but doubt remains" by Matt Krantz says cororate ernings are blowing away analysts' estimates by the widest margin ever, just as the recent stock rally is running into trouble. Half of the companies in the S&P 500 have reported and 81% have topped expectations.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of market open Thursday the Dow's trailing P/E ratio is 16.04 down from Wednesday's 16.23 (year ago was nil), the P/E estimate is 16.03 unchanged (1 year ago it was 9.93), and the dividend yield is2.87 up from Wednesday's 2.83 unchanged (a year ago it was 3.62).

Wedneday's Dow Jones Industrial Average closing numerator was 1291.83 down 15.77 from Tuesday's closing Dow numerator of 1307.60. 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 of 15.77 for Wednesday by the divisor you get the decrease of 119.48 in Wednesday's Dow close.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $43.06 down 0.53 from Tuesday's Dow Jones Industrial Average closing price of 43.59. The median closing price of Wedneday's Dow Jones Industrial Average was $36.68 down $3.25 from Tuesday's Dow Jones median closing price of 39.93. The highest closing price Wednesday again was IBM $121.5 +0.85 0.7% 8,687,923 NYSE and the lowest closing price Wednesday again was Alcoa AA $11.93 -0.88 6.87% 53,273,729 NYSE. The lowest volume Wednesday was 3M MMM $74.46 -1.54 2.03% 4,379,177NYSE and the highest volume again was Bank of Am BAC $15.01 0.44 2.85% 212,345,812 NYSE. If Wednesday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,590.
($130,770 - $129,180)

AT&T T $26.08 +0.48 1.87% 42,993,671 NYSE: WSJ pB6 "Google Says It Will Limit Call Blocking" by Amy Schatz says Google will limit the number of phone numbers its Internet phone service blocks, in a partial bow to fed regulators' concerns that it was skirting rules designed to ensure that consumers phone calls are connected seamlessley. The FCC began an inquiry into Google's call blocking earlier this month after AT&T complained. The FCC stopped AT&T and other phone companies from trying to block calls to rural high cost areas a few years ago. Proposed new fed rules would prohibit Internet services providers such as AT&T from discriminating or blocking any legal Internet traffic. Google and AT&T are on opposite sides of the fight over open Internet or "net neutrality" rules. Google favors net neutrality rules while AT&T and other big serivce providers have raised concerns about the FCC proposal.

WSJ pB9 "Motorola's Droid Makes Its Debut" by Roger Cheng, Niraj Sheth (also at FT p18 by David Gelles, USA Today p3B & AJC pA14) says Verizon will be offering the Droid smart phone starting 11/6 priced at $200 to compete with the Apple iPhone. It is the first device to use Google's Android software to run on Vierizon Wireless's network. Verizon Wireless, a venture of Verizon communications and Vodafone Group is struggling to draw custoemrs away from the iPhone which is only available on AT&T.

Related story at NYT pB1 "Strategy of New Chief at Motorola Appears Poised to Pay Off" by Saul Hansell profiles Sanjay Jha, the co-chief exec at Motorola in light of Wed's rolloutof Motorola's new Droid smartphone introduced by Verizon Wireless.

Alcoa AA $11.93 -0.88 6.87% 53,273,729 NYSE: WSJ pC5 "Alcoa Tumbles 6.9%; Goodyear Tire Skids" by Geoffrey Rogow says a round of tepid economic and corporate reports weighed on stocks broadly, with Alcoa, Caterpillar and American Express leading the Dow Jones Industrial Average to its third triple-digit decline in 4 seasons. Setting off Wed's session were disappointing data on new home sales and durable goods ahead of a heavily watched Thurs. report on 3Q US gross domestic product. After earnings dominated the tape in recent weeks, traders said economic data will likely drive investor sentiment in the near term. Caterpillar was down 4%. For metals and industrial firms, global demand concerns dominated the trading. Still, Caterpillar is the Dow's best performer over the past 3 months, up27%. American express is second best, up 25% even though on Wed it slid 3.6%.

American Express AXP $34.67 -1.28 3.56% 13,518,114 NYSE: WSJ pC5 "Alcoa Tumbles 6.9%; Goodyear Tire Skids" by Geoffrey Rogow says a round of tepid economic and corporate reports weighed on stocks broadly, with Alcoa, Caterpillar and American Express leading the Dow Jones Industrial Average to its third triple-digit decline in 4 seasons. Setting off Wed's session were disappointing data on new home sales and durable goods ahead of a heavily watched Thurs. report on 3Q US gross domestic product. After earnings dominated the tape in recent weeks, traders said economic data will likely drive investor sentiment in the near term. Caterpillar was down 4%. For metals and industrial firms, global demand concerns dominated the trading. Still, Caterpillar is the Dow's best performer over the past 3 months, up27%. American express is second best, up 25% even though on Wed it slid 3.6%.

Bank of America BAC $15.01 0.44 2.85% 212,345,812 NYSE: No mentions found.

Boeing BA $47.22 0.53 1.11% 6,903,559 NYSE: WSJ pB2 "Boeing Selects S.C. for Dreamliner Plant by Peter Sanders (also at AJC pA12) says Boeing has chosen Charleston, S.C. to build a plant to assembly the Dreamliner 787. It chose Charleston over Everet, Washington. Boeing already has a plant in North Charleston.

AJC pA12 says Northrup says Boeing has an unfair advantage in the $35 bil bid process for the Pentagon's new refueling aircraft because of how the specs are drawn up to favor inexpensive design.

Caterpillar CAT $54.43 -2.26 3.99% 12,036,565 NYSE: WSJ pC5 "Alcoa Tumbles 6.9%; Goodyear Tire Skids" by Geoffrey Rogow says a round of tepid economic and corporate reports weighed on stocks broadly, with Alcoa, Caterpillar and American Express leading the Dow Jones Industrial Average to its third triple-digit decline in 4 seasons. Setting off Wed's session were disappointing data on new home sales and durable goods ahead of a heavily watched Thurs. report on 3Q US gross domestic product. After earnings dominated the tape in recent weeks, traders said economic data will likely drive investor sentiment in the near term. Caterpillar was down 4%. For metals and industrial firms, global demand concerns dominated the trading. Still, Caterpillar is the Dow's best performer over the past 3 months, up27%. American express is second best, up 25% even though on Wed it slid 3.6%.

WSJ pC5 "Catepillar Draws a Bear" by Brendan Conway says Caterpillar appeared to attract bearish investors as the dollar's rally weighed on some mining stocks, and bulls appeared to turn back some of the negative feeling about Goodyear after the comany's earnings commentary worried investors.

Chevron CVX $75.89 -0.70 0.91% 11,845,582 NYSE: WSJ pB8 "Conoco to Sell Assets as Earnings Tumble 71%" by Isabel Ordonex says ConocoPhillips will sell some assets in Canada, the US and the North Sea as it reported a 71% drop in 3Q earnings because of lower commodity prices and a weak environment for refining operations. ConocoPhillips is the 3rd largest US oil company by marekt cap after Exxon Mobil and Chevron. ExxonMobil and Chevron are expected to report significantly lower earnings on Thurs and Fri, respectively.

Cisco CSCO $23.02 -0.52 2.21% 46,765,643 NASDAQ-GS: IBD pA4 "Wireless "N" Standard Helps Hoem Networks" by Ken Spencer Brown discusses wireless routers and recommends the WRT32ON home router from Cisco Systems.

Coca-Cola KO $53.51 +0.05 0.09% 7,928,735 NYSE: IBD pA2 & AJC pA13 says Coca-Cola Enterprises which is controlled by KO had a 15% increase in profits for 3Q of $247 bil over same period last year on revs that declined 3% from same period last year. Revs for 3Q were $5.57 bil.

Fin Times p14 "Soft-drinks bottles" says in its quest for global domination, KO achieved a remarkable feat by creating one of the best known commodities in the world. Yet the pursuit of ever higher volumes has meant that in developed markets such as the US, soft drinks are ubiquitous and cheap, meaning the same product is served in a similar way in the swankiest bar and the cheapest burger joint. However, results from bottler Coca Cola Enterpreises Wed suggest this approach may be starting to change because CCE is concentrating on cutting unprofitable bulk sales to focus on more lucrative, individual servings for instand consumption.

IBD pA2 and AJC pA12 says Ko plans to expand a syrup plant in Atlanta to make ingredients for a new fountain machine that dispense more than 100 different types of beverages.

Disney DIS $27.24 -0.93 3.3% 14,220,873 NYSE: No mentions found.

DuPont DD $32.09 -0.59 1.81% 9,781,874 NYSE: No mentions found.

Exxon Mobil XOM $73.84 -1.07 1.43% 26,154,148 NYSE: WSJ pC5 "Oil Trumps Earnings fo Energy Stocks" by Donna Kardos Yesalavich says a number of big energy companies are reporting their earnings this week, but because many of them already crossed above their major resistance levels recently, the results are unlikely to drive the stocks much. The action in oil futures will likely have a bigger impact. If Exxon Mobil's earnings come in strong on Thurs., its stock is likely to be the exception and be pushed across a ressitance level. It had yet to break above its June high of $74.83 a share until Tues, when it reached an intraday high of $75. Still with the stock closing at $73.84 on Wed, it hadn't crossed enough above the June high to denote a decisive breakout, which would allow the resistance level to become a gauge of future support.

WSJ pB8 "Conoco to Sell Assets as Earnings Tumble 71%" by Isabel Ordonex says ConocoPhillips will sell some assets in Canada, the US and the North Sea as it reported a 71% drop in 3Q earnings because of lower commodity prices and a weak environment for refining operations. ConocoPhillips is the 3rd largest US oil company by marekt cap after Exxon Mobil and Chevron. ExxonMobil and Chevron are expected to report significantly lower earnings on Thurs and Fri, respectively.

GE $14.42 -0.51 3.42% 106,371,562 NYSE: No mentions found.

Hewlett-Packard HPQ $46.93 -0.37 0.78% 11,694,105 NYSE: WSJ pD1 "Operating Systems Offer New Choices In PC Shopping" by Walter S. Mossberg says now that both Microsoft and Apple have shipped the new verions of their operating systems, Windows 7 and Snow Leopard, he will do his annual fall computer buying guide. The arrival of Windows 7 makes PCs from Hewlett-packard, Dell and others much better coices than their Vista equipped predecessors were. MSFT has closed most of the gap with Apple's Mac OS X operating system. Also, Windows PCs are often priced hundreds of dollars lower than Macs, and offer many more choices.

Home Depot HD $25.21 -0.79 3.04% 22,374,174 NYSE: No mentions found.

Intel INTC $19.03 -0.71 3.6% 86,315,348 NASDAQ-GS: Fin Times p1 "Galleon paid banks millions for edge" by Henny Sender says the Galleon Hedge fund at the center of an insider scandal that has ensnared execs from IBM and Intel paid hundreds of millions of dollars a year to its Wall Street banks and regularly received market info in return that would not have been disclosed to most investors.

Related story at Fin Times p4 "Pressure on IBM over Galleon case" by Richard Waters says IBM is trying to decide how to deal with the accusation that one of its most senior execs illegally passed on inside info. Robert Moffat, a 31 year vet and one of the most trusted lieutenants of IBS's ceo, Sam Palmisano, was among 6 people charged earlier this month in the scandal.

IBM $121.5 +0.85 0.7% 8,687,923 NYSE: WSJ pD4 "IBM to Drop Co-Pay For Primary-Care Visits" by William M. Bulkeley says in an unusual bid to cut health care costs, IBM plans to stop requiring $20 co-payments by employees when they visit primary case docs in order to encourage people to get medical treatment.

Fin Times p1 "Galleon paid banks millions for edge" by Henny Sender says the Galleon Hedge fund at the center of an insider scandal that has ensnared execs from IBM and Intel paid hundreds of millions of dollars a year to its Wall Street banks and regularly received market info in return that would not have been disclosed to most investors.

Related story at Fin Times p4 "Pressure on IBM over Galleon case" by Richard Waters says IBM is trying to decide how to deal with the accusation that one of its most senior execs illegally passed on inside info. Robert Moffat, a 31 year vet and one of the most trusted lieutenants of IBS's ceo, Sam Palmisano, was among 6 people charged earlier this month in the scandal.

J.P. Morgan Chase JPM $42.68 -1.22 2.78% 45,042,593 NYSE: Fin Times p12 "Breaker of the Barbarians curse" by John Gapper says the latest book, Too Big to Fail by Andrew Ross Sorkin, on the financial crisis of '08 is an extraordinary achievement that will be hard to surpass as the definitive account. It names the six players in the blockbuster Wall St. drama and includes a picture of Jamie Dimon, ceo of JPM.

Johnson & Johnson JNJ $59.57 -0.45 0.75% 13,733,477 NYSE: No mentions found.

Kraft KFT $26.95 +0.22 0.82% 12,924,022 NYSE: No mentions found.

McDonald's MCD $58.64 -0.38 0.64% 8,699,054 NYSE: WSJ pA20 "The Big Mac's Currency Lesson" is an editorial that says MCD is closing all 3 of its stores in Iceland because the reliance on imports of its raw ingredients had undercut MCD's margins in Iceland which saw the krona plummet by more than 80% after the financial panic took down the country's major banks. The lesson is that a country should not debase one's curerncy because it makes a country poorer, not richer.

Merck MRK $32.05 -0.38 1.17% 15,006,258 NYSE: WSJ pB1 "P&G Considers Booting Some Brands by Jeffrey McCracken, Ellen Byron says PG is under mountng pressure to boost sliding sales and recalibrate the company so PG CEO Robert McDonald is stepping up the hunt for acquisition and divestiture canddiates. Since becoming CEO in July, McDonald has been trying to shake up PG's slow, process heavy culture. He has increased scrutiny of PG brands including Braun small appliances, Iams pet food, Duracell batteries and Pringles potato snacks which have been considered extraneous to PG's focus on beauty, healty and nonfood household staples. Meanwhile PG has looked at the consumer products portfolio of Schering-Plough which is merging with Merck, as well as that of Wyeth, which was just acquired by Pfizer.

Microsoft MSFT $28.02 -0.57 1.99% 72,544,632 NASDAQ-GS: WSJ pB6 says Yahoo agreed with Microsoft to negotiate the Internet search pact the two firms announced in July so the deal will close by early 2010.

WSJ pD1 "Operating Systems Offer New Choices In PC Shopping" by Walter S. Mossberg says now that both Microsoft and Apple have shipped the new verions of their operating systems, Windows 7 and Snow Leopard, he will do his annual fall computer buying guide. The arrival of Windows 7 makes PCs from Hewlett-Packard, Dell and others much better choices than their Vista equipped predecessors were. MSFT has closed ost of the gap with Apple's Mac OS X operating system. Also, Windows PCs are often priced hundreds of dollars lower than Macs, and offer many more choices.

Pfizer PFE $17.21 -0.05 0.29% 59,344,788 NYSE: WSJ pB1 "P&G Considers Booting Some Brands by Jeffrey McCracken, Ellen Byron says PG is under mountng pressure to boost sliding sales and recalibrate the company so PG CEO Robert McDonald is stepping up the hunt for acquisition and divestiture canddiates. Since becoming CEO in July, McDonald's has been trying to shake up PG's slow, process heavy culture. He has increased scrutiny of PG brands including Braun small appliances, Iams pet food, Duracell batteries and Pringles potato snacks which have been considered extraneous to PG's focus on beauty, healthy and nonfood household staples. Meanwhile PG has looked at the consumer products portfolio of Schering-Plough which is merging with Merck, as well as that of Wyeth, which was just acquired by Pfizer.

Procter & Gamble PG $57.23 +0.05 0.09% 15,561,573 NYSE: WSJ pB1 "P&G Considers Booting Some Brands by Jeffrey McCracken, Ellen Byron says PG is under mountng pressure to boost sliding sales and recalibrate the company so PG CEO Robert McDonald is stepping up the hunt for acquisition and divestiture canddiates. Since becoming CEO in July, McDonald's has been trying to shake up PG's slow, process heavy culture. He has increased scrutiny of PG brands including Braun small appliances, Iams pet food, Duracell batteries and Pringles potato snacks which have been considered extraneous to PG's focus on beauty, healty and nonfood household staples. Meanwhile PG ahs looked at the consmer producs portfolio of schering-Plough which is merging with Merck, as well as that of Wyeth, which was just acquired by Pfizer.

3M MMM $74.46 -1.54 2.03% 4,379,177 NYSE: No mentions found.

Travlers TRV $50.5 -0.57 1.12% 4,876,090 NYSE: No mentions found.

United Technologies UTX $62.61 -1.48 2.31% 4,980,226 NYSE: No mentions found.

Verizon VZ $29.95 +0.75 2.57% 49,398,719 NYSE: WSJ pB9 "Motorola's Droid Makes Its Debut" by Roger Cheng, Niraj Sheth (also at AJC pA14) says Verizon will be offering the Droid smart phone starting 11/6 priced at $200 to compete with the Apple iPhone. It is the first device to sue Google's Android software to run on Vierizon Wireless's network. Verizon Wireless, a venture of Verizon communications and Vodafone Group is struggling to draw custoemrs away from the iPhone which is only available on AT&T.

Related story at NYT pB1 "Strategy of New chief at Motorola Appears Poised to Pay Off" by Saul Hansell profiles Sanjay Jha, the co-chief exec at Motorola in light of Wed's rolloutof Motorola's new Droid smartphone introduced by Verizon Wireless.

Wal-Mart WMT $49.9 +0.03 0.06% 16,966,096 NYSE: NYT pB8 "Wal-Mart expands a Prepaid Cellphone Effort" says after market tests proved successful in the year of cost consciousness, WMT is expanding tis prepaid cell phone program Straight Talk which is a partnership with Tracfone Wireless. It will be in 3,200 WMT stores from the original 200. WalMart is also selling the $100 Samsung R451C which has a slide out keyboard as well as a memory card slot and camera.

AJC pA14 says WMT will be offering inexpensive caskets online to compete with Costco.
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Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis (on 10/1 he announced his resignation as of year-end).
BA W. James McNerney, Jr.
CAT James W. Owens who will be replaced by Douglas Oberhelman in 2010.
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Robert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of
10/28/09:
1. Exxon Mobil XOM $355
2. Microsoft MSFT 250
3. WalMart WMT 192
4. JPMorgan Chase 168
5. Procter & Gamble PG 167
6. Johnson & Johnson JNJ 164
7. IBM 159
8. At&t T 154
9. GE 153
10. Chevron CVX 152
11. Cisco CSCO 133
12. BAC 130
13. Coke KO 124
14. Pfizer PFE 116
15. Hewlett-Packard HPQ 111
16. Intel INTC 107
17. Verizon VZ 85
18. Merck MRK 68
19. McDonald's MCD 64
20. United Technologies UTX 59
21. 3M MMM 52
22. Disney DIS 51
23. Home Depot 43
24. American Express AXP 41
25. Kraft KFT 40
26. Boeing BA 34
27. Caterpillar CAT 34
28. DuPont DD 29
29. Travelers TRV 28
30. Alcoa AA 12

Here are the latest SEC filings as of 10/12/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 10/2/09 11K Annual Report of employee stock purchase plan.

8/28/09 two 8K's, one announcing it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of AT&T redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 10/8/09 announcing financial results for the third quarter.

7/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.

American Express AXP: 10/2/09 8K announcing departure of Alfred F. Kelly, Jr., as Pesident and head of AXP Global Consumer Group as of 4/10/09.

9/15/09 8K annoucing delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended June 30, July 31 and August 31, 2009.

9/2/09 10Q;

Bank of Am BAC: 10/9/09 several free writing prospectus regarding issuance of securities.

Boeing BA: 10/9/09 8K announcing the election to the Board and Audit & Fin. Committee of retired Admiral Edmund P. Giambastiani, Jr. former Vice-Chair of Joint Chiefs of Staff '05- '07.

10/6/09 8K announcing a charge to third quarter earnings in connection with delays in the 747-8 program.

9/15/09 8K announcing that pursuant to a 1978 SEC settlement, BA informed the SEC of a change in its policy re the appointment of foreign consultants and to whom they report.

8/31/09 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.

8/27/09 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.

Caterpiller CAT: 10/5/09 8K announcing price changes on most machines worldwide effective Jan. '10.

9/23/09 8K announcing a new credit agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., that provides for an unsecured aggregate revolving credit facility up to $2.38 billion that serves as an alternative source of funds, if necessary, for CAT's commercial paper programs.

9/21/09 8K furnishing supplemental information concerning deliveries to users for its Machinery and Engines lines of business. Caterpillar sells the majority of its machinery and engines to independently owned and operated dealers and Original Equipment Manufacturers to meet the demands of their customers, the end users. Retail Sales of Machines by marketing region for the 3-month rolling period compared with the same months of the prior year were down significantlly.

9/15/09 8K announcing CAT and Navistar International Corporation (NYSE: NAV)formed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market to be based in Chicago.

Chevron CVX: 10/8/09 8K announcing third quarter interim financial results.

9/30/09 8K announcing the retirement of CEO David J. OReilly who is being replaced by John S. Watson and the election to the Board as Vice-Chairman of George L. Kirkland.

8/6/09 10Q

Cisco CSCO: 10/5/09 8K announcing its offer to buy the Norwegian fimr Tandberg ASA for $3 bil.

9/23/09 Proxy Statement in connection with its Annual Meeting to be held 11/12/09.

9/11/09 10K.

9/9/09 8K Cisco appointed Arun Sarin, former CEO of Vodafone Group Plc, to its Board of Directors.

9/4/09 8K annoucing bonus payments for '09 fiscal year to: John T. Chambers, Chairman and Chief Executive Officer, $2,031,000; Frank A. Calderoni, Executive Vice President, Chief Financial Officer, $900,000; Willaim Elfrink, Executive Vice President, Cisco Services and Chief Globalization Officer, $1,000,000; Randy Pond, Executive Vice President, Operations, Processes and Systems, $900,000; and Richard J. Justice, former Executive Vice President, Worldwide Operations and Business Development and current Executive Vice President – Executive Advisor, $750,000.

Coke KO: 7/30/09 10Q

Disney DIS: 9/22/09 Form S-4 Proxy and 9/16/09 Prospectus related to the takeover of Marvel.

8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.

DuPont DD: 10/7/09 8K regulation FD disclosure regarding comments made by Executive Vice President Mark Vergnano who said DuPont would return to its level of '08 profitability in 2 and a half years.

9/29/09 and 8/13/09 8Ks announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the DD's Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009. Richard R. Goodmanson, EVP and Chief Operating Officer will retire effective September 30, 2009.

ExxonMobil XOM: 8/5/09 10Q

GE: 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the rail business.

Hewlett-Packard HPQ: 9/24/09 8K saying at its Securities Analyst Meeting, HPQ addressed how it is uniquely positioned to grow and expand in the global information technology market. “We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market,” said Mark Hurd, CEO.

9/17/09 8K announcing the election of Marc L. Andreessen as a dierctor and chair of the Technology Committee of the Board. Andreessen is a co-founder and general partner of Andreessen Horowitz, a venture capital firm, and a co-founder and chairman of Ning, Inc., an online platform for people to create their own social networks. Andreessen co-founded Opsware Inc. & served as chief technology officer of America Online, Inc. and was a co-founder of Netscape Communications Corporation. Andreessen gets an retainer of $100,000, an annual equity retainer of $150,000, and $2,000 in cash for each Board meeting attended in excess of six per year. Mr. Andreessen also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP paying the remaining 75%. In addition, Mr. Andreessen will receive an annual retainer of $10,000 for service as the chair of the Technology Committee. HPQ also increased the number of HPQ directors from ten to eleven.

9/8/09 10-QA

Home Depot HD: 9/3/09 10-Q

8/26/09 8K announcing amendments to their By-Laws dealing with resignations of directors.

Intel INTC: 10/8/09 amended the 9/21/09 tender offer regarding exchange of some of its stock options with its employees.

9/15/09 8K Intel announcing Intel's consolidation of all of its major product divisions into the newly formed Intel Architecture Group, which will be co-managed by Sean Maloney and David (Dadi) Perlmutter, executive vice presidents. Maloney will be responsible for business and operations while Perlmutter will lead product development and architecture. Paul Otellini, CEO, will devote more time to corporate strategy and driving the company’s growth initiatives. Intel’s global manufacturing organization, the Technology and Manufacturing Group will now report to Andy Bryant, Intel’s chief administrative officer. Pat Gelsinger and Bruce Sewell, General Counsel, will leave INTC.

IBM: 9/8/09 8K announcing that IBM representatives will be meeting with a number of institutional investors through mid-September.

7/28/09 10Q

JPMorganChase JPM: 10/9/09 Various free writing prospectus re: issuance of securities.

Johnson & Johnson JNJ: 8/4/09 10Q

Kraft KFT: 10/6/09 8K announcing the promotion of Kim H. Jones, 49, to VP & Corp. Controller.

9/9/09 prospectus relating to Kraft's bid to take over Cadbury that was announced on 9/7/09.

9/9/09 8K announcing a strategic update, including a review of the company’s successful three-year turnaround plan.

8/5/09 10Q

McDonalds MCD: 9/25/09 8K announcing a quarterly cash dividend of .55 cents per share payable 12/15/09.

9/9/09 8K announcing that global comparable sales rose 2.2% in August and by segment performance was as follows: U.S. up 1.7%; Europe up 3.5%; andAsia/Pacific, Middle East and Africa declined 0.5%.

8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"

Merck MRK: 9/21/09 8K announcing that the acquisition by Sanofi-aventis of Merck’s 50percent interest in Merial Limited (Merial) has been completed. Sanofi-aventis acquired Merck’s interest in Merial for a cash consideration of $4 billion. Formed in 1997, Merial is a leading animal health company that was a 50/50 joint venture between Merck and sanofi-aventis and is now a wholly-owned subsidiary of sanofi-aventis.

8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough.

Microsoft MSFT: 10/6/09 Proxy Statement regarding the Shareholders Annual Meeting to be held in Bellevue, Washington on 11/19/09.

9/11/09 8K James Cash to retire from Board of Directors. The
Harvard Business School professor and senior associate dean emeritus had served on the board since 2001. With Cash’s departure, the Microsoft board will have nine members: Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co. Inc.; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of AT&T Corp.; and Dr. Helmut Panke, former chairman of the board of management at BMW AG.

8/24/09 S-8 Securities to be offered to employees in employee benefit plans

Pfizer PFE: 9/24/09 8K announcing the expansion of the Board to 14 members pursuant to the agreement to merge with Wyeth and electing two Wyeth directors to the newly expanded Board: Frances D. Fergusson and John P. Mascotte.

9/24/09 11-K Annual Report of Employee Stock Option Plan.

9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.

Procter & Gamble PG: 11K Annual Report of Employee Stock Purchase Plan.

9/10/09 8K confirmed its fiscal year 2010 and July – September quarter outlook for organic sales growth. The company also stated it expects to return to organic sales growth in the October – December quarter compared to prior year levels, following two quarters of organic sales declines. P&G also updated earnings per share guidance to include the anticipated impacts from the Pharmaceutical divestiture, which was announced on August 24, 2009. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of one to three percent. P&G expects net sales in the range of flat to up three percent versus prior year levels, which includes a foreign exchange impact of zero to minus one percent. P&G now expects fiscal 2010 earnings per share in the range of $3.99 to $4.12 per share. This includes a one-time net increase in earnings of $0.44 per share from the sale of the Pharmaceutical business, which will be partially offset by $0.10 to $0.12 per share of earnings dilution related to the transaction.

8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.

3M MMM: 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.

Travelers TRV: 8/5/09 10Q/A Amended 10Q

United Technologies UTX: 7/24/09 10Q

Verizon Communications Inc. VZ: 8K 9/11/09 8K announcing VZ's cash flow and balance sheet are strong, and VZ recently increased its dividend for the third consecutive year. VZ is not planning for any economic improvements in the second half of 2009. Verizon expects that economic conditions will continue to pressure revenues and margins in the second half of 2009, particularly in its Wireline segment. VZ expects to add one million wireless customers per quarter for the next several quarters.
The company expects to achieve its stated Alltel cost synergy targets & greater cash flow from operations in the second half of 2009 compared to the first half of 2009.

9/4/09 8K VZ raised its quarterly dividend 3.3% to 47.5 Cents per Share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.

9/4/09 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc.

Wal-Mart WMT: 8K 9/18 Pricing agreement re: the 9/16 filed prospectus relating to $1 bil of Euro Note Offering at 4.875%

9/14/09 Prospectus re debt securities of $364,600,000

9/9/09 10Q

8/13/09 8K re 7/31/09 2Q report of earnings