12/24/09 Thurs. pm Dow Closes 10,520.1 up 53.66 or up 0.49%

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Post #279 The following is brought to you by Intellivest Securities Research, Inc. 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 12/20/09 and an update of the Dow 30's most recent SEC filings as of 12/18/09.

The Dow Jones Industrial Average closed Thursday at 10,520.1 up 53.66 or 0.49% from Wednesday's close of 10,466.44. for the week the Dow was up 191.12 or 1.86% from last Friday's close of 10,328.89. Of the 30 Dow Companies: 27 gained and 3declined. The biggest gainer dollar-wise was United Technologies UTX $70.36 +0.85 1.22% 1,253,881 NYSE and percentage-wise was Alcoa AA $16.34 +0.34 2.12% 14,326,335 NYSE. The biggest decliner dollar-wise and percentage-wise was Merck MRK $36.99 -0.26 0.7% 6,285,193 NYSE.

As of the open of the market Thursday, the current divisor for the Dow found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.16 unchanged from Wed. (year ago it was 17.69) the P/E estimate is 16.00 unchanged from Tuesday (year ago it was 10.45) and the current dividend yield is 2.64 down from Wed' 2.65 (it was 3.71 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1392.01 up 7.1 from Wednesday's closing Dow numerator of 1384.91. 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 of 7.1 for Thursday by the divisor you get the increase in Thursday's Dow close of 53.66.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 46.40 up 0.40 from Wednesday's Dow Jones Industrial Average closing price of $46.16. The median closing price of Thursday's Dow Jones Industrial Average was 41.78 up 0.39 from Wednesday's $41.39. The lowest volume again Thursday was 3M MMM $82.55 +0.36 0.44% 931,177 NYSE and the highest volume again was Bank of Am BAC $15.25 +0.06 0.39% 36,598,677 NYSE.

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) and sold at the close you would have made $730 ($139,201 - $138,471).

Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

AT&T T $28.1 +0.06 0.21% 6,108,109 NYSE
Alcoa AA $16.34 +0.34 2.12% 14,326,335 NYSE
American Express AXP $41.68 +0.47 1.14% 2,069,969 NYSE
Bank of America BAC $15.25 +0.06 0.39% 36,598,677 NYSE
Boeing BA $55.48 +0.52 0.95% 1,003,991 NYSE
Caterpillar CAT $58.33 +0.01 0.02% 1,507,777 NYSE
Chevron CVX $77.43 +0.39 0.51% 2,565,443 NYSE
Cisco CSCO $23.96 +0.18 0.76% 9,900,539 NASDAQ-GS
Coca-Cola KO $57.44 +0.15 0.26% 2,907,054 NYSE
Disney DIS $32.29 -0.14 0.43% 3,557,355 NYSE
DuPont DD $33.42 +0.36 1.09% 2,252,465 NYSE
ExxonMobil XOM $68.66 +0.40 0.59% 8,149,042 NYSE
GE $15.44 +0.03 0.19% 18,579,507 NYSE
Hewlett-Packard HPQ $52.87 +0.38 0.72% 4,161,747 NYSE
Home Depot HD $29.17 +0.17 0.59% 3,790,099 NYSE
Intel INTC $20.33 +0.23 1.14% 12,188,397 NASDAQ-GS
IBM $130.57 +0.57 0.44% 4,264,679 NYSE
J.P.Morgan Chase JPM $41.89 +0.33 0.79% 7,956,428 NYSE
Johnson & Johnson JNJ $64.7 +0.13 0.2% 2,433,838 NYSE
Kraft KFT $27.56 +0.20 0.73% 2,225,035 NYSE
McDonald's MCD $63.42 +0.06 0.09% 2,577,261 NYSE
Merck MRK $36.99 -0.26 0.7% 6,285,193 NYSE
Microsoft MSFT $31 +0.08 0.26% 11,083,567 NYSE
Pfizer PFE $18.6 +0.02 0.11% 12,934,749 NYSE
Procter & Gamble PG $61.28 -0.03 0.05% 3,356,976 NYSE
3M MMM $82.55 +0.36 0.44% 931,177 NYSE
Travelers TRV $49.94 +0.76 1.55% 1,240,264 NYSE
United Technologies UTX $70.36 +0.85 1.22% 1,253,881 NYSE
Verizon VZ $33.36 +0.13 0.39% 3,392,155 NYSE
Walmart WMT $53.6 +0.28 0.53% 4,472,951 NYSE
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The following are excerpts from Thursday morning's Blog:

A read of Thursday's 12/24/09 print editions of: The Wall Street Journal, Financial Times, The New York Times, Investors Business Daily, USA Today, Atlanta Journal Constitution, & Daily Report (Ga) 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 10,466.44 up 1.51 or 0.1% from Tuesday's close of 10,464.93. Year to date the Dow is up 19.26% and up 1.2% for the month. Of the 30 Dow Companies: 19 gained and 11 declined. The biggest gainer dollar-wise was Caterpillar CAT $58.32 +0.43 0.74% 4,056,275 NYSE and percentage-wise was Alcoa AA $16 0.21 +1.33% 26,171,984 NYSE. The biggest decliner dollar-wise and percentage-wise was Merck MRK $37.25 -0.50 1.32% 12,746,738 NYSE.

WSJ pC1 "Up Just 1.51, Dow Takes Early Holiday" by Donna Kardos Yesalavich, Kristina Peterson says stocks eked out a gain as rising commodities drove energy and metals firms higher, offsetting disappointing data on new home sales. Alcoa rose 1.3% and DuPont gained 1.1%. Merck fell 1.3% and Home Depot slid 1%. The energy sector's gains came as crude oil futures soared 3.1% after a bigger than expected drop in US oil and fuel inventories.

WSJ pC5 "Alcoa, DuPont Offset Home Depot's Drop" by Donna Kardos Yesalavich says materials companies including Alcoa and DuPont led stocks higher as metals futures climbed, bu the stock gains were modest, thanks to disappointing new home sales, which hurt Home Depot and other housing related stocks. Volume was light as traders took off ahead of Christmas.

Fin Times p16 "Pharmas & techs push S&P 500 to '09 peak" by Courtney Weaver says dealmaking in the pharma sector and positive news for tech firms lifted US stocks to a fresh year high yesterday. Drug developer Compugren surged 59.5% to $4.53 after announcing that it would collaborate with Pfizer in the evaluation of 3 drug targets. Pfizer is to fund the project and hold the rights to worldwide exclusive milestone and royalty bearing licenses. After rising in early trading, Pfizer shares finished 0.3% lower.

NYT pB7 "Rising Commodity Prices Provide a Lift as Dollar Falls" by AP says stocks ended an erratic session with a slender gain Wed. as rising commodity prices offset disappointment over an unexpected drop in home sales. Gains in commodities drove the shares of energy and materials producing firms higher, lending support to the overall stock market. Gold, oil & other commodities rose as the dollar dropped. The dollar ended a 4 day winning streak as economic data reinforced investors' belief that the recovery would be slow.

Wednesday's Dow Jones Industrial Average closing numerator was 1384.91 up 0.20 from Tuesday's closing Dow numerator of 1384.71. 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 of .20 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 1.51.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 46.16 unchanged from Tuesday's Dow Jones Industrial Average closing price of $46.16. The median closing price of Wednesday's Dow Jones Industrial Average was 41.39 down 0.29 from Tuesday's $41.68. The lowest volume again Wednesday was 3M MMM $82.19 +0.23 0.28% 1,900,204 NYSE and the highest volume again was Bank of Am BAC $15.19 -0.14 0.91% 102,116,069 NYSE.

If Wednesday 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 broken even ($138,471 - $138,471).

AT&T T $28.04 +0.14 0.5% 15,613,146 NYSE: No mentions found.

Alco AA $16 0.21 +1.33% 26,171,984 NYSE: WSJ pC1 "Up Just 1.51, Dow Takes Early Holiday" by Donna Kardos Yesalavich, Kristina Peterson says stocks eked out a gain as rising commodities drove energy and metals firms higher, offsetting disappointing data on new home sales. Alcoa rose 1.3% and DuPont gained 1.1%. Merck fell 1.3% and Home Depot slid 1%. The energy sector's gains came as crude oil futures soared 3.1% after a bigger than expected drop in US oil and fuel inventories.

WSJ pC5 "Alcoa, DuPont Offset Home Depot's Drop" by Donna Kardos Yesalavich says materials companies including Alcoa and DuPont led stocks higher as metals futures climbed, bu the stock gains were modest, thanks to disappointing new home sales, which hurt Home Depot and other housing related stocks. Volume was light as traders took off ahead of Christmnas.

American Express AXP $41.21 -0.21 0.51% 5,296,356 NYSE: No mentions found.

Bank of America BAC $15.19 -0.14 0.91% 102,116,069 NYSE: WSJ pC3 "Paid in Full: Wells, Citi Clear TARP" by Matthias Riker says Wells Fargo and Citigroup have both repaid their gov aid as expected, escaping heighened regulatory and public scrutiny. Wells completed its $25 bil repayment and Citi repaid $20 bil. Bank of America surprised investors by announcing plans to repay $45 bil in TARP aid earlier this month. JPMorgan, Goldman Sach, Morgan Stanley, Capital One Financial Corp. and BB&T wree among the first to repay earlier this year.

Boeing BA $54.96 -0.14 0.25% 3,062,835 NYSE: WSJ pA6 "Firms Warn of Cus to Benefits" by Neil King Jr. says some of the biggest employers in he US are warning that a provision in the Senate's proposed health care overhaul could lead to cuts in retiree benefis and a sharp reduction in reported earnings next year. Firms including AT&T (Whose CEO Randall Stephenson, is pictured),Verizon, Caterpillar, Boeing, Deere, Metlife and Xerox plan to lobby Democratic leaders to drop the provision, which would change the tax status of payments for retiree healh benefits. The AFL-CIO has joined the corporae giants in an unusual alliance to warn the provision would encourage firms to drop drug vbenefis for millions of reiress.

Caterpillar CAT $58.32 +0.43 0.74% 4,056,275 NYSE: No mentions found.

Chevron CVX $77.04 -0.45 0.58% 7,343,163 NYSE: WSJ pB4 says Chevron will pay more than 445 mil to settle charges that it underpaid royalties to the fed gov. for natural gas that it produced from fed and Indian leases.

Cisco CSCO $23.78 +0.03 0.13% 23,857,577 NASDAQ-GS: WSJ pC1 "Activists Return in Europe" by Dana Cimillucca says shareholders in Europe are getting more demanding. In 2 recent cases, shareholders have spurned company-backed takeover offers. This month public investors in Dragon Oil voted down an offer for their shares from an Arab suitor even though the bid was a 35% premium to the shares' trading price. Last month, Cisco Sysatems capitulated to shareholder demands and offered a higher price for Tandberg ASA, a Norwegian videoconferencing firm. Tandberg's board had backed Cisco's initial offer. A big est of shareholder behavior should come early next year, when investors in Cadbury are expected to decide whether to accept a takeover offer from Kraft Foods Inc. in the amount of $16 bil.

Coca-Cola KO $57.29 +0.02 0.03% 5,469,786 NYSE: No mentions found.

Disney DIS $32.43 +0.12 0.37% 6,567,860 NYSE: WSJ pB4 & NYT pB3 say Disney's CEO Roger Iger received total direct compensation of $20.8 mil in '09, down about 58% from a year earlier.

Fin Times p11 "Facebook coo joints board at Disney" by Matthew Garrahan says Sheryl Sandberg, the coo of Facebook, is to join Dis as an indpendent director, bolstering the media firm's board at a time when it is exploring a range of new digital biz models. She will join Steve Jobs as a non-executive direct of the firm, which has led its rivals in Hollywood in making content available on new digital platforms.

DuPont DD $33.06 +0.36 1.1% 3,889,892 NYSE: WSJ pC1 "Up Just 1.51, Dow Takes Early Holiday" by Donna Kardos Yesalavich, Kristina Peterson says stocks eked out a gain as rising commodities drove energy and metals firms higher, offsetting disappointing data on new home sales. Alcoa rose 1.3% and DuPont gained 1.1%. Merck fell 1.3% and Home Depot slid 1%. The energy sector's gains came as crude oil futures soared 3.1% after a bigger than expected drop in US oil and fuel inventories.

WSJ pC5 "Alcoa, DuPont Offset Home Depot's Drop" by Donna Kardos Yesalavich says materials companies including Alcoa and DuPont led stocks higher as metals futures climbed, bu the stock gains were modest, thanks to disappointing new home sales, which hurt Home Depot and other housing related stocks. Volume was light as traders took off ahead of Christmnas.

ExxonMobil XOM $68.26 -0.31 0.45% 18,961,849 NYSE: No mentions found.

GE $15.41 -0.07 0.45% 42,340,794 NYSE: No mentions found.

Hewlett-Packard HPQ $52.49 +0.03 0.06% 8,059,577 NYSE: WSJ pB5 "3Comn's Net Jumped 55% in 2nd Period" by Joan E. Solsman says this firm's earnings rose 55% to a profit of $20 mil for the quarter ended 11/27 up from $12.9 mil a year earlier thanks to a tax benefit as the networking gear maker took fewer write downs than a year earlier. sales fell less than expected. The Marlborough, Mass. firm last month agreed to a $2.7 bil takeover by Hewlett-Packard which is trying, like other tech giants, to become a one stop shop for corporate customers.

Home Depot HD $29 -0.29 -0.99% 9,790,191 NYSE: WSJ pC1 "Up Just 1.51, Dow Takes Early Holiday" by Donna Kardos Yesalavich, Kristina Peterson says stocks eked out a gain as rising commodities drove energy and metals firms higher, offsetting disappointing data on new home sales. Alcoa rose 1.3% and DuPont gained 1.1%. Merck fell 1.3% and Home Depot slid 1%. The energy sector's gains came as crude oil futures soared 3.1% after a bigger than expected drop in US oil and fuel inventories.

WSJ pC5 "Alcoa, DuPont Offset Home Depot's Drop" by Donna Kardos Yesalavich says materials companies including Alcoa and DuPont led stocks higher as metals futures climbed, bu the stock gains were modest, thanks to disappointing new home sales, which hurt Home Depot and other housing related stocks. Volume was light as traders took off ahead of Christmnas.

Intel INTC $20.1 +0.06 0.3% 30,573,723 NASDAQ-GS: No mentions found.

IBM $130 +0.07 0.05% 4,129,112 NYSE: No mentions found.

J.P.Morgan Chase JPM $41.56 -0.38 0.91% 24,503,542 NYSE: WSJ pC3 "Paid in Full: Wells, Citi Clear TARP" by Matthias Riker says Wells Fargo and Citigroup have both repaid their gov aid as expected, escaping heighened regulatory and public scrutiny. Wells completed its $25 bil repayment and Citi repaid $20 bil. Bank of America surprised investors by announcing plans to repay $45 bil in TARP aid earlier this month. JPMorgan, Goldman Sach, Morgan Stanley, Capital One Financial Corp. and BB&T wree among the first to repay earlier this year.

Johnson & Johnson JNJ $64.57 +0.04 0.06% 6,360,398 NYSE: No mentions found.

Kraft KFT $27.36 +0.07 0.26% 4,583,520 NYSE: WSJ pC1 "Activists Return in Europe" by Dana Cimillucca says shareholders in Europe are getting more demanding. In 2 recent cases, shareholders have spurned company-backed takeover offers. This month public investors in Dragon Oil voted down an offer for their shares from an Arab suitor even though the bid was a 35% premium to the shares' trading price. Last month, Cisco Sysatems capitulated to shareholder demands and offered a higher price for Tandberg ASA, a Norwegian videoconferencing firm. Tandberg's board had backed Cisco's initial offer. A big est of shareholder behavior should come early next year, when investors in Cadbury are expected to decide whether to accept a takeover offer from Kraft Foods Inc. in the amount of $16 bil.

McDonald's MCD $63.36 +0.39 0.62% 5,889,689 NYSE: NYT pB3 "Burnishing a Brand By Selecting an Idol" by Stephanie Clifford describes McDonald's American Idol style competition called Voice of McDonald's, now it in its third iteration, it gives MCD's employees from around the world a chance to sing at a giant trade conference and win a $25,000 top prize.

Merck MRK $37.25 -0.50 1.32% 12,746,738 NYSE: WSJ pC1 "Up Just 1.51, Dow Takes Early Holiday" by Donna Kardos Yesalavich, Kristina Peterson says stocks eked out a gain as rising commodities drove energy and metals firms higher, offsetting disappointing data on new home sales. Alcoa rose 1.3% and DuPont gained 1.1%. Merck fell 1.3% and Home Depot slid 1%. The energy sector's gains came as crude oil futures soared 3.1% after a bigger than expected drop in US oil and fuel inventories.

Microsoft MSFT $30.92 +0.10 0.32% 28,362,689 NASDAQ-GS: No mentions found.

Pfizer PFE $18.58 -0.03 0.16% 27,969,437 NYSE: Fin Times p16 "Pharmas & techs push S&P 500 to '09 peak" by Courtney Weaver says dealmaking in the pharma sector and positive news for tech firms lifted US stocks to a fresh year high yesterday. Drug developer Compugren surged 59.5% to $4.53 after announcing that it would collaborate with Pfizer in the evaluation of 3 drug targets. Pfizer is to fund the project and hold the rights to worldwide exclusive milestone and royalty bearing licenses. After rising in early trading, Pfizer shares finished 0.3% lower.

Procter Gamble PG $61.31 +0.01 0.02% 5,639,790 NYSE: No mentions found.

3M MMM $82.19 +0.23 0.28% 1,900,204 NYSE: No mentions found.

Travelers TRV $49.18 +0.24 0.49% 2,444,471 NYSE: No mentions found.

United Technologies UTX $69.51 +0.16 0.23% 2,877,084 NYSE: No mentions found.

Verizon VZ $33.23 +0.03 0.09% 9,408,755 NYSE: No mentions found.

WalMart WMT $53.32 -0.02 0.04% 8,631,560 NYSE: No mentions found.
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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 who will be replaced on 1/1 by Brian T. Moynihan.
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 12/20/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $328 [5]
2. Microsoft MSFT 271 [9]
3. WalMart WMT 201 [4]
4. Chevron CVX 188 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 178 [3]
7. IBM 168 [1.5]
8. GE 166 [10.5]
9. JPMorgan Chase 161 [4]
10. AT&T 161 [6]
11. Pfizer PFE 148 [8]
12. Cisco CSCO 135 [6]
13. BAC 130 [8.6]
14. Coke KO 132 [2]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 110 [5.5]
17. McDonald's MCD 103 [1.5]
18. Verizon VZ 93 [3]
19. Merck MRK 79 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 57 [.5]
23. Home Depot 49 [2]
24. American Express AXP 48 [1]
25. Kraft KFT 40 [1.5]
26. Boeing BA 39 [1]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 29 [1]
29. Travelers 26 [.5]
30. Alcoa AA 14 [1]

Here are the latest SEC filings as of 12/18/09 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses 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: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.

12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).

Alcoa AA: 11/20/09 8K re: the temporarily idling of production at its two aluminum smelters in Fusina and Portovesme, Italy while appealing a European Commission decision that Italy’s extension of the existing electricity tariff after 2005 did not comply with European Union state aid rules and that a portion of the benefit received by Alcoa must be refunded. The curtailments in Italy will bring Alcoa’s total global smelting system curtailments to approximately 24 percent. Alcoa expects to take a 4Q '09 charge of between $300 million and $500 million, pre-tax, including the temporary curtailment and recovery actions.

American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.

Bank of Am BAC: 12/17/09 re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.

12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.

12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.

Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.

Caterpiller CAT: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

12/15/09 8K re: amendments to Bylaws.

Chevron CVX: 12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 12/2/09 10K

DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due 1/15 & $1,000,000,000 4.625% Notes due January 15, 2020

ExxonMobil XOM: 12/14/09 8K re: Merger Agreement to buy XTO Energy.


12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program, of which bonuses were granted to certain officers as follows


GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.

JPMorganChase JPM: 12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.

12/8/09 8K re: a presentation at an U.S. financial services investor conference.

Johnson & Johnson JNJ: 11/4/09 10Q

Kraft KFT: 12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.

12/1/09 8K re: a revolving credit agreement for a three-year senior unsecured revolving credit facility in an aggregate principal amount of $4.5 billion with the lenders named therein and Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint bookrunners, and Deutsche Bank AG New York Branch and Citibank, N.A., as co-administrative agents.

McDonalds MCD: 12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.

12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.

Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/14/09 8K re: amendment of bylaws & change in fiscal year.


Procter & Gamble PG: 12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.

Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.

United Technologies UTX: 11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Verizon Communications Inc. VZ: 12/7/09 8K re:amendments to bylaws.

12/1/09 8K re: agreement with Frontier Communications Corporation establishing a separate entity for its local exchange and related business assets in 14 states that will merge into Frontier. (Arizona, California, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin).

Wal-Mart WMT: 12/8/09 10Q