Friday, April 30, 2010

4/30/10 Fri. am J&J Pays $81 Mil to Settle Gov. Charges

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Post No. 407. The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 4/1/10 and an update of the Dow 30 component's most recent SEC filings as of 4/1/10.

A read of Friday's Wall St. Journal, Financial Times, New York Times, USA Today & Atlanta Journal & Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Thursday at 11167.32 up 122.05 or 1.1% from Wednesday's close of 11045.27 For the year the Dow is up 7.09%. Of the 30 Dow Companies: 27 gained and 3declined. The biggest gainer dollar-wise was and percentage-wise was United Tech UTX $76.02 +1.36 1.82% 4,945,941 NYSE. The biggest decliner dollar-wise and percentage-wise was Procter & Gamble PG $62.2 -0.97 1.54% 26,908,756 NYSE.

WSJ pC1 "Dow Climbs 122.05 Points in 14th Gain Over 16 Days" by Kristina Peterson, Donna Yesalavich says the Dow posted its biggest one day gain in more than a month, driven by strong earnings reports and data showing improving manufacturing conditions in the Midwest. American Express was the Dow's top performer, rising 3.3%. Pfizer and Merck each rose 2%.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

Fin times p22 "Investors take heart over bail out and upbeat outlook" byMasa Serdarevic says US stocks prices traded significantly higher yesterday as a Greek bail out package appeared increasingly within sight and investors took heart from the Fed. Reserve's more upbeat outlook on the US economy. Data showed that initial jobless claims declined modestly last week.

NYT pB9 'fin'l Sahres lead the Markets Higher" by ChristineHauser says stocks closed higher on Tur. as investros sifted through corp. earnings that swuggested the economy was recovering.

As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.70 up from Thursday's 16.59 (year ago it was 32.42) the P/E estimate is 14.10 unchanged from Thursday's 14.10 (year ago it was 22.30) and the current dividend yield is 2.45 down from Thursday's 2.47 (it was 3.78 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007.

Thursday's Dow Jones Industrial Average closing numerator was 1,477.65 up 16.15 from Wednesday's closing numerator of 1,461.50. 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 16.15 for Thursday by the divisor you get the increase in Thursday's Dow of 122.05. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $49.26 up 0.54 from Wednesday's Dow Jones Industrial Average average closing price of $48.72. The median closing price of Thursday's Dow Jones Industrial Average was 45.80 up 1.03 from Wednesday's median closing price of $44.77. The lowest volume was Travelers TRV $51.42 +0.30 0.59% 4,849,517 NYSE and the highest volume again was Bank of America BAC $17.3 +0.52 2.92% 174,832,872 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 $1,620 ($147,780 - $146,160 ).

Market Watch 4/29/10 4:17 p.m. by Nick Godt says US stocks posted their biggest one-day gain in nearly two months on Thursday, powered by a batch of upbeat quarterly earnings and as soothed nerves about reform led financial stocks to rally. The Dow Jones Industrial Average (INDU 11,168, +122.58, +1.11%) gained 122.05 points, or 1.1%, to 11,167.32, with 27 of its 30 components advancing. Blue-chip gains were led by American Express (AXP 47.60, +1.52, +3.30%) , which rallied 3.3%. The S&P 500 index (SPX 1,207, +15.42, +1.29%) rose 15.41 points, or 1.3%, to end at 1,206.77. It was the biggest one-day point gain for both the Dow industrials and the S&P since March 5. The Nasdaq Composite (COMP 2,512, +40.19, +1.63%) rose 40.19 points, or 1.6%, to 2,511.92

AT&T T $26.14 +0.23 0.89% 25,449,542 NYSE: No mentions found.

Aloca AA $13.72 +0.15 1.11% 26,095,226 NYSE: No mentions found.

American Express AXP $47.6 +1.52 3.3% 12,440,676 NYSE: WSJ pC1 "Dow Climbs 122.05 Points in 14th Gain Over 16 Days" by Kristina Peterson, Donna Yesalavich says the Dow posted its biggest one day gain in more than a month, driven by strong earnings reports and data showing improving manufacturing conditions in the Midwest. American Express was the Dow's top performer, rising 3.3%. Pfizer and Merck each rose 2%.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

Bank of America BAC $18.3 +0.52 2.92% 174,832,872 NYSE: WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

WSJ pC7 "buyer Banks suffer Bad Loan hangovers" by Marshall Eckblad says at JPMorgan and Bank of America the leftovers of the fin'l crisis keep getting moldier as both rew during the recession by buying crumbling rivals sinking under piles of bad loans. BofA bought Countrywide and JPMorgan got Washington Mutual and now the risky loans that came with those deals are turning out even worse they they expected.

WSJ pC11 "Fund Track" by Sam Mamudi says analysts rate Goldman Sachs, JPMorgana nd Bank of America as outperform.

Boeing BA $73.79 +1.42 1.96% 5,171,681 NYSE: WSJ pB6 "Pratt Battles back With new engine" by Peter Sanders says Pratt & Whitney is trying to regain lost ground with a state of the art engine for the commercial aerospace industry. The new engine is called the Geared Turbofan, and is more fuel efficient, quieter and cleaner than anything available although GE and rolls Royce have similar engines ind development, they are years behind Pratt in bringing a new engine to market. Pratt is facing a crucial moment, as Boeing and Airbus are expected to decide later this year whether to redesign their most popular commercial jets and offer the new engine as an option. Pratt is a unit of Unit Technologies. Pratt offered an engine for Boing on the 777 hwich began service in '95, it did not make an engine for the 787.

Caterpillar CAT NYSE: WSJ pB2 "ArcelorMittal Gets Tough" by Robert Matthews, Devon Maylie says ArcelorMittal swinging to a first quarter profit,is poised to being a round of price increases as global markets recover. Caterpillar last week said it expects its cost for raw materials, including steel made by ArcelorMittal, to rise this year. Prices already are up about 36%.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

Chevron CVX $82.29 +1.67 2.07% 12,207,854 NYSE: No mentions found.

CSCO $27.53 +0.492 1.82% 41,573,152 NASDAQ-GS: WSJ pB5 "H-P Wages Two-Front Fray" by Justin Scheck says Hewlett-Packard's acquisition of smartphone maker Palm highlights how big tech firms are increasingly engaged in a 2 front war to dominate the consumer and corp. tech markets. HPQ is trying to make headway in markets as varied as corp. computing and consumer mobile devices, and in the process of ratcheting up the competition with rivals such as Apple and Cisco Systems Inc.

Coke KO $53.74 0.38 0.71% 8,629,920 NYSE: No mentions found.

Disney DIS $37.22 +0.93 2.56% 10,532,568 NYSE: No mentions found.

DuPont DD $40.5 7+1.11 2.81% 12,033,411 NYSE: WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

Exxon XOM $68.66 -0.53 0.77% 47,071,744 NYSE: Fin times p16 "Exxon warns on impact of BP spill" by Sheila McNulty, Carola Hoyos, NYT pB2 "Easing of Oil Losses" by Richard Beales, Chris Swann, Fin times "Higher Oil Prices Raise Profits For Exxon & ConocoPhillips" by Reuters say Exxon warned the oil spill would influence whether the US opens more areas offshore to drilling as Exxon reported a 38% rise in net profit.

WSJ pB4 "Oil Prices Drive Exxon Profit" by Brian Baskin says Exxon Mobil and 2 of its rivals reported a surge in 1Qtr profits due to higher oil prices.Exxon, of Irving, Texas, had earnings of $6.3 bil, or $1.33 a share, up from $4.55 bil, or 92 cents, a year earlier.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

GE $19.49 +0.54 2.85% 69,644,778 NYSE: No mentions found.

Hewlett-Packard HPQ $52.88 -0.40 0.75% 19,446,431 NYSE: WSJ pB5 "H-P Wages Two-Front Fray" by Justin Scheck says Hewlett-Packard's acquisition of smartphone maker Palm highlights how big tech firms are increasingly engaged in a 2 front war to dominate the consumer and corp. tech markets. HPQ is trying to make headway in markets as varied as corp. computing and consumer mobile devices, and in the process of ratcheting up the competition with rivals such as Apple and Cisco Systems Inc.

WSJ pC5 "After Palm Gets an Offer, Options Traders Seek Cover" by Roger cheng says options traders huddled around Palm's contracts following Hewlett-packards offer to buyit as there is a lot of doubt a deal would happen so there was a lot of short interest action.

Home Depot HD $35.56 +0.37 1.05% 16,200,688 NYSE: No mentions found.

Intel INTC $23.49+ 0.23 0.99% 58,765,818 NASDAQ-GS: No mentions found.

IBM $130.46 +0.36 0.28% 5,752,104 NYSE: No mentions found.

JPMorgan JPM $44 +0.54 1.24% 35,847,509 NYSE: WSJ pC7 "buyer Banks suffer Bad Loan hangovers" by Marshall Eckblad says at JPMorgan and Bank of America the leftovers of the fin'l crisis keep getting moldier as both rew during the recession by buying crumbling rivals sinking under piles of bad loans. BofA bought Countrywide and JPMorgan got Washington Mutual and now the risky loans that came with those deals are turning out even worse they they expected.

WSJ pC11 "Fund Track" by Sam Mamudi says analysts rate Goldman Sachs, JPMorgana nd Bank of America as outperform.

Johnson & Johnson JNJ $65.01 +0.39 0.6% 7,821,731 NYSE: NYT pB7 "drug makers toPay Fine of $81 Mil" by AP, AJC pA16 "Two J&J subsidiaries agree to drug settlement" say Johnson & Johnson will pay $81 to settlement charges it illegally promoted the epilepsy drug Topamax for psychiatric uses.

KFT $29.91 +0.16 0.54% 11,403,956 NYSE: No mentions found.

McDonald's MCD $71.52 1.18 1.68% 7,321,059 NYSE: No mentions found.

MRK $35.25 +0.69 2% 18,172,204 NYSE:WSJ pC1 "Dow Climbs 122.05 Points in 14th Gain Over 16 Days" by Kristina Peterson, Donna Yesalavich says the Dow posted its biggest one day gain in more than a month, driven by strong earnings reports and data showing improving manufacturing conditions in the Midwest. American Express was the Dow's top performer, rising 3.3%. Pfizer and Merck each rose 2%.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

MSFT $31.003 +0.093 0.3% 52,132,311 NASDAQ-GS: No mentions found.

Pfizer PFE $16.86 +0.33 2% 66,830,486 NYSE: WSJ pC1 "Dow Climbs 122.05 Points in 14th Gain Over 16 Days" by Kristina Peterson, Donna Yesalavich says the Dow posted its biggest one day gain in more than a month, driven by strong earnings reports and data showing improving manufacturing conditions in the Midwest. American Express was the Dow's top performer, rising 3.3%. Pfizer and Merck each rose 2%.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

Procter & Gamble PG $62.2 -0.97 1.54% 26,908,756 NYSE: WSJ pB8 "P&G Puts Up its Dukes Over Prcing" by Ellen Byron says Procter & Gamble is waging an aggressive market share war, cutting prices, accelerating product launches and spending more on advertising in order to win back market share lost during the recession to lower priced rivals, including private label brands. P&G competes with Kimberly Clark in diapers, Colgate for toothpaste & energizer for batteries, as examples.

Fin Times p13 "Consumer goods sales recover"by Jonathan Birchall, Fin times pB9 "Procter, Colgate & Unileer Profit as Brands Sell Again" by AP say three of the world's largest consumer goods groups, Procter Gamble, Unilever and Colgate-Palmolive, reported robust sales led by strong demand in emerging markets in Asia and Latin America. P&G's net revenues increased 7% to $2.59 bil, with net ernings of $2.59 bil. Core earnings per share were up 10% to 87 cents.

WSJ pC5 "Industrials DuPont and Caterpillar Gain" by Donna Yesalavich says stocks climbed as a report of improving manufacturing conditions lifted industrial giants Caterpillar and DuPont, while strong earnings from a number of firms, including Bristol Myers Squibb, also provided a boost. The Dow's fin'l components were strong as the Senate opened debate on sweeping fin'l overhaul legislation. American Express jumped 3.3%, while Bank of America climbed 2.9%. Procter & Gamble is charted under Bad news as its quarterly earnings fell 1% although sales rose, as price battles to win back consumers are escalating. Pfizer is charted under good news saying it had a strong earning report, along with Merck' which proved optimism for the broader health care industry is increasing. Procter Gamble led the decliners with a drop of 1.5%. Exxon fell 0.8% as its 1Qtr earnings rose 38% as a result of lower refining margins offsetting the big benefit from surgin oil prices. Its earnings and rev missed expectations.

MMM $89.33 +1.09 1.24% 5,244,166 NYSE: No mentions found.

Travelers TRV $51.42 +0.30 0.59% 4,849,517 NYSE: No mentions found.

United Tech UTX
$76.02 +1.36 1.82% 4,945,941 NYSE: WSJ pB6 "Pratt Battles back With new engine" by Peter Sanders says Pratt & Whitney is trying to regain lost ground with a state of the art engine for the commercial aerospace industry. The new engine is called the Geared Turbofan, and is more fuel efficient, quieter and cleaner than anything available although GE and rolls Royce have similar engines ind development, they are years behind Pratt in bringing a new engine to market. Pratt is facing a crucial moment, as Boeing and Airbus are expected to decide later this year whether to redesign their most popular commercial jets and offer the new engine as an option. Pratt is a unit of Unit Technologies. Pratt offered an engine for Boing on the 777 hwich began service in '95, it did not make an engine for the 787.

Verizon VZ $29.22 +0.10 0.34% 14,734,774 Dual Listed: No mentions found.

WalMart WMT $53.7 +0.09 0.17% 13,243,182 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 4/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $317 [5]
2. Microsoft MSFT 257 [9]
3. WalMart WMT 212 [4]
4. GE 200 [10.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 180 [3]
7. BAC 179 [10]
8. JPMorgan Chase 178 [4]
9. IBM 167 [1]
10. AT&T 153 [6]
11. Chevron CVX 152 [2]
12. Cisco CSCO 149 [6]
13. Pfizer PFE 138 [8]
14. Coke KO 127 [2]
15. Hewlett-Packard HPQ 125 [2]
16. Intel INTC 123 [5.5]
17. Merck MRK 116 [3]
18. Verizon VZ 88 [3]
19. McDonald's MCD 72 [1]
20. United Technologies UTX 69 [1]
21. Disney DIS 67 [2]
22. 3M MMM 59 [.5]
23. Home Depot 55 [2]
24. Boeing BA 55 [1]
25. American Express AXP 49 [1]
26. Kraft KFT 45 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 34 [1]
29. Travelers 27 [.5]
30. Alcoa AA 15 [1]

Here are the latest SEC filings as of 4/1/10 market open 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: 3/26/10 8K re: its intent to take a non-cash charge of approximately $1 billion in the first quarter of 2010 to reflect the impact of the health care reform legislation.

Alcoa AA: 3/2/10 Add'l def. proxy materials

American Express AXP: 3/18/10 Add'l def. proxy materials

Bank of Am BAC: 3/17/10 Add'l def. proxy materials

Boeing BA: 3/31/10 8K re: charge off re: income tax charge of approximately $150 million as a result of the Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act.

Caterpiller CAT: 3/24/10 8K re: charge off as a result of the Patient Protection and Affordable Care Act (H.R. 3590) signed into law on March 23, 2010

Chevron CVX: 3/31/10 Add'l def. proxy soliciting material

Cisco CSCO: 2/17/10 10Q Quarterly Report

Coke KO: 3/22/10 8K re: transactions related to CCE transaction.

Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws

DuPont DD: 3/19/10 Def. add'l proxy materials

ExxonMobil XOM: 3/29/10 8K re: its 2009 Financial and Operating Review

GE: 3/25/10 8K re: credit agreement with lenders led by JPMorgan Chase re: the transaction wherein GE and Comcast will form a joint venture which will consist of the NBCU businesses and Comcast’s cable networks.

Hewlett-Packard HPQ: 3/23/10 8K re: amendment of its Stock Incentive Plan

Home Depot HD: 4/7/10 Proxy Statement

3/25/10 10K Annual Report

Intel INTC: 3/22/10 8K re: John Thornton will not stand for reelection at the Company’s Annual Stockholders’ Meeting to be held on May 19, 2010

IBM: 3/25/10 Add'l def. proxy soliciting materials

JPMorganChase JPM: 3/31/10 Def. add'l proxy materials

Kraft KFT: 3/30/10 Definitive Add'l Proxy material

McDonalds MCD: 3/9/10 8K re: Press release "McDonald’s Global Comparable Sales Increased 4.8% in February"

Merck MRK: 3/11/10 8K re: amendment to the Call Option Agreement among Merck, Merck Sharp & Dohme and sanofi-aventis re: the option granted by Merck to sanofi-aventis to acquire 50% of Merck’s animal health business.

Microsoft MSFT: 1/28/10 10Q.

Pfizer PFE: 3/16/10 Add'l Proxy Materials

Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference

3M MMM: 3/26//10 8K re: one-time charge it expects to take in the first quarter of 2010 as a result of the Patient Protection and Affordable Care Act signed by the President on March 23, 2010.

Travelers TRV: 3/17/10 Add'l Proxy Materials

United Technologies UTX: 3/24/10 Add'l proxy solicitation materials

2/26/10 Def. Proxy Statement

Verizon Communications Inc. VZ: 3/30/10 Proxy Statement

WalMart WMT: 3/30/10 10K Annual Report