Friday, April 29, 2011

4/29/11 Fri am Exxon's Procter & Gamble's & Microsoft's Profits Up; Boeing Loses India Contract

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Post No. 993 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a ranking of the Dow 30 components by market capitalization as of April 24, 2011 and Dow 30 components' SEC filings as of April 24, 2011.

A read of the print editions of Friday's Wall Street Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Georgia - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 12,763.31 up 72.35 or 0.57% from Wednesday's close of 12,690.96. For the year the Dow is up 10.24%. Of the 30 Dow components 23 gained and 7 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $78.55 +2.43 3.19% 7,348,463 NYSE. The biggest decliner dollar-wise and percentage-wise was Hewlett-Packard HPQ $40.53 -0.51 1.24% 19,626,175 NYSE.

WSJ pC5 "Blue chips climb higher, adding 72 points" by Kristina Peterson says stocks extended their multiyear highs as the market clung to optimism generated by the Fed's plans to keep interest rates low & by the flow of encouraging corp earnings. Boeing climbed $2.43 and Procter & Gamble rose 48 cents after its 1Q earnings beat analysts' estimates, though it offered cautious guidance for the year reflecting higher commodity costs.

Fin Times p22 "Energy prices & jobs numbers damp mood but equities still rally" by Michael Stothard says Wall St continued to trend upwards following the multi year highs reached int he previous session, but sentiment held back slightly by mixed earnings reports from industry bellwethers Exxon and Procter & Gamble & disappointing data on US economic growth.

USA Today p5B "Markets set another high for '11" by AP says stocks closed at another '11 high Thurs despite modest US economic growth in the 1Q. Corp earnings were mixed. Procter & Gamble rose 48 cents after it reported higher earnings but cut its forecast due to rising costs. Exxon fell 44 cents even though it reported its best quarterly earnings since '08.

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 0.132129493. The trailing P/E is 14.95 up from Thursday's trailing P/E of 14.86 (year ago it was 16.70); the P/E estimate is 12.68 unchanged from Thursday's P/E estimate of 12.68 (year ago it was 14.10), and the dividend yield is 2.31 down from Thursday's dividend yield of 2.32 (last year it was 2.45). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Thursday's Dow Jones Industrial Average closing numerator was 1,686.41 up 9.66 from Wednesday's closing numerator of 1,676.85. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $56.21 up 0.31 from Wednesday's average closing price of $55.90. The median closing price of Thursday's Dow Jones Industrial Average was $47.19 (AXP/JPM) up 0.63 from Wednesday's median closing price of $46.56. The lowest volume was Travelers TRV $63.06 +0.81 1.3% 2,921,539 NYSE and the highest volume was again Bank of America BAC $12.42 +0.09 0.73% 92,206,450 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 $966 ($168,641 - $167,685).

MarketWatch Thursday 4/28/1 5:46 pm by Kate Gibson says U.S. stocks closed solidly higher Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average DJIA +0.57% closed up 72.35, or 0.6%, to 12,763.31 points, its highest close since May 20, 2008. Twenty-three of the blue-chip components gained, led by Boeing Co. BA -0.19% , DuPont DD -0.02% and American Express Co. AXP +1.89% .
“Overall it’s been a good period, earnings have come in better than expected and the market is just sort of dealing with that right now. We’re very overbought but may have more room to run,” said Robert Pavlik, chief market strategist at Banyan Partners LLC. The Standard & Poor’s 500 Index SPX +0.36% gained 4.82 points to 1,360.48, with financials the best performer and energy the biggest laggard among its 10 industry groups. The S&P 500 closed Wednesday at 1,355.66, twice its bear-market low of 676.53 hit on March 9, 2009, or “doubling the index value in 26 months,” noted Howard Silverblatt, senior index analyst at S&P Indices. The gain of more than 100%, however, “needs to be interpreted with the fact that the index remains 13.38% off its Oct. 9, 2007, high,” Silverblatt added. Echoing a theme from past sessions, rosier outlooks from companies overshadowed dimmer views from the day’s economic data. Shares of Citrix Systems Inc. CTXS +0.70% rose 10% a day after the maker of infrastructure software raised its 2011 outlook.Motorola Solutions MSI +7.46% shares advanced 7.5% after the communications-equipment provider reported results. Read more on Telecom Stocks. Silver's "almost vertical ascent" is just one of many signals suggesting the metal's rally is reaching a top, says Richard Ross, chief technical strategist at Auerbach Grayson. Gold, or better yet, copper, offer better value. Norfolk Southern Corp. NSC -0.50% shares gained 8% after the railway operator reported a first-quarter profit that beat expectations, thanks to better freight demand. Those gains helped lift the Dow Jones Transportation Average DJT +1.18% 1.2% to 5,510, a record high. The Nasdaq Composite Index COMP +0.09% rose 2.65 points, or 0.1%, to 2,872.53, its best since Dec. 12, 2000. For every 11 stocks falling, roughly 19 gained on the New York Stock Exchange, where 961.8 million shares traded. Earlier in the day, the Commerce Department reported the U.S. economy grew at a 1.8% annual rate in the first quarter, softer than the 3.1% pace for the prior three months. Separately, the Labor Department said the number of Americans filing for initial jobless claims last week rose 25,000 to 429,000, the highest total since late January. “These data points should not materially affect investor earnings expectations in coming quarters but point to the fact that the economy is growing at a lot slower rate than normally seen during the end of the second year of an economic expansion,” said Fred Dickson, chief investment strategist at Davidson Cos. The dollar index DXY -0.60% fell, while gold futures GCM11 +0.27% rose to end at $1,531.2 an ounce and crude oil CLM11 -0.14% slipped back below $113 a barrel in New York. The recent spike in commodities could prove temporary, given that the Federal Reserve plans to halt its $600 billion bond-buying program, also known as quantitative easing. The Federal Open Market Committee, which finished its two-day policy meeting Wednesday, agreed that the Treasury purchases would end as planned in June, saying the rise in commodity prices would likely have a transitory effect on inflation. Pavlik at Banyan Partners concurred the rise in prices would probably be temporary, as the Fed’s program weakened the U.S. dollar, making alternative assets more appealing, and therefore the reverse would likely to come into play once the Fed’s program ends. “The market is thinking oil prices may start to move lower as the dollar strengthens as QE2 nears its end. That is why you started to see comments by big investment firms calling for a pullback in oil prices,” said Pavlik.

Thursday's Closing Dow Numbers and Friday's News:
Closing Price & Change & % Change Volume

AT&T T $31.37 -0.05 0.16% 24,043,946 NYSE: WSJ pC8 "Spectrum of choices confronts AT&T review" by Martin Peers says regulaors have begun their review of the deal between AT&T and T-Mobile and their approval may mean letting Verizon Wireless buy Sprint Nextel some day. In sidebar "Overhead" it says Verizon Wireless will put a label on their phones saying their location could be tracked.

Fin Times p15 "Sprint boss warns vs AT&T deal" by Paul Taylor says Sprints CEO said the 3rd largest US mobile phone carrier could be marginalizd if the AT&T/T-Mobile deal goes through.

WSJ pB3 "Major wireless carriers defend privacy practices" by Amy Schatz says the carrier defended their privacy practices as lawmakers increased scrutiny of data gathering and location tracking in the mobile industry. Verizon, AT&T and others released details on how they use and safeguard customer info.

Alcoa AA $17.09 -0.09 0.52% 17,728,226 NYSE: No mentions found.

American Express AXP $48.52 +0.90 1.89% 8,472,758 NYSE: No mentions found.

Bank of America BAC $12.42 +0.09 0.73% 92,206,450 NYSE: No mentions found.

Boeing BA $78.55 +2.43 3.19% 7,348,463 NYSE: WSJ pC5 "Blue chips climb higher, adding 72 points" by Kristina Peterson says stocks extended their multiyear highs as the market clung to optimism generated by the Fed's plans to keep interest rates low & by the flow of encouraging corp earnings. Boeing climbed $2.43 and Procter & Gamble rose 48 cents after its 1Q earnings beat analysts' estimates, though it offered cautious guidance for the year reflecting higher commodity costs.

WSJ pB3 "India snubs US, Russia on jets" by Amol Sharma, Fin Times p1 "snub for US over Indian jet conract" by James Lamont say in a move that is a setback to Beoing and Lockheed Martin to expand military sales to India, India short listed Dassault Aviation and Eurofighter, both French, for a large defense contract to suply 126 fighter jets to the Indian Air Force.

WSJ pA15 "Obama's silence on Boeing is unacceptable" by Nikki Haley is an editorial against the gov action vs. Boeing re: its alleged anti-union action. The author is the Republican gov. from SC.

Caterpillar CAT $112.64 +0.03 0.03% 6,260,867 NYSE: WSJ pC1 "Caterpillar must avoid the squeeze play" by Kelly Evans says Caerpillar shares are trading at 17.5 times est. '11 earnings of $6.25 a sahre. To maintain its momentum, Caterpilalr will have to show on Friday when it reports earnings that it is able to hold the line on profit margins as shares of Cat have been up 440% since the March '09 nadir, the broader market is up 101% same time.

Chevron CVX $108.81 -0.16 0.15% 5,942,053 NYSE: WSJ pB3 "Oil company profits soar" by Isabel Ordonez, Fin Times p13 "Exxon and Shell profits soar" by Sylvia Pfeifer, USA Today p1B "Exxon earns almost $11 Bil for quarter, say Exxon had a 69% profit in 1Q earnings in 1Q to $10.7. Exxon's earnings jumped to $10.65 bil or $2.14 a sahre, from $6.3 bil or $1.33 a share, beating expectations of $2.06 a share. The results were just below the record $14.8 bil it had in 3Q of '08. Rev rose 26% to $114 bil. Chevron reports earnings today.

Cisco CSCO $17.29 +0.10 0.58% 52,848,855 NASDAQ-GS: No mentions found.

Coke KO $67.41 +0.41 0.61% 7,024,526 NYSE: No mentions found.

Disney DIS $43.02 +0.44 1.03% 6,528,616 NYSE: No mentions found.

DuPont DD $56.75 +1.13 2.03% 7,291,380 NYSE: No mentions found.

Exxon XOM $87.34 -0.44 0.5% 18,705,519 NYSE: WSJ pB3 "Oil company profits soar" by Isabel Ordonez, Fin Times p13 "Exxon and Shell profits soar" by Sylvia Pfeifer, USA Today p1B "Exxon earns almost $11 Bil for quarter, say Exxon had a 69% profit in 1Q earnings in 1Q to $10.7. Exxon's earnings jumped to $10.65 bil or $2.14 a sahre, from $6.3 bil or $1.33 a share, beating expectations of $2.06 a share. The results were just below the record $14.8 bil it had in 3Q of '08. Rev rose 26% to $114 bil. Chevron reports earnings today.

Fin Times p22 "Energy prices & jobs numbers damp mood but equities still rally" by Michael Stothard says Wall St continued to trend upwards following the multi year highs reached int he previous session, but sentiment held back slightly by mixed earnings reports from industry bellwethers Exxon and Procter & Gamble & disappointing data on US economic growth.

USA Today p5B "Markets set another high for '11" by AP says stocks closed at another '11 high Thurs despite modest US economic growth in the 1Q. Corp earnings were mixed. Procter & Gamble rose 48 cents after it reported higher earnings but cut its forecast due to rising costs. Exxon fell 44 cents even though it reported its best quarterly earnings since '08.

GE $20.6 -0.05 0.24% 42,100,165 NYSE: No mentions found.

Hewlett-Packard HPQ $40.53 -0.51 1.24% 19,626,175 NYSE: No mentions found.

Home Depot HD $37.47 +0.15 0.4% 9,685,294 NYSE: No mentions found.

Intel INTC $22.8 +0.17 0.75% 54,866,759 NASDAQ-GS: WSJ p14 "Letter to Editor - Intel's businesses are doing fine" is a letter against a Heard on the Street column "A premature party for Intel" that ran 4/20. Intel's VP for Communications,, Paul Bergevin refutes charges against Intel.

IBM $170.78 +0.41 0.24% 5,088,716 NYSE: No mentions found.

JPMorgan JPM $45.85 +0.35 0.77% 19,847,232 NYSE: WSJ pC1 "Bankrs rush to improve foreclosure practices" By Ruth Simon says JPMorgan said it wold take a $1.1 bil charge related to the Fed's consent order and other servicing cost increases.

Johnson & Johnson JNJ $65.38 -0.19 0.29% 13,090,654 NYSE: No mentions found.

Kraft KFT $33.6 +0.03 0.09% 10,124,970 NYSE: No mentions found.

McDonald's MCD $78.03 +0.16 0.21% 3,988,059 NYSE: USA Today p1B "McDkonald's says it hired 62,000 workers" says this amount were hired at their employment event this month when they expected to hire 50,000.

Merck MRK $35.77 +0.14 0.39% 13,449,097 NYSE: No mentions found.

Microsoft MSFT $26.71 +0.33 1.25% 79,873,252 NASDAQ-GS: WSJ pB3 "At Microsoft, Windows slide" by Nick Wingfield, USA Today p1B "Microsoft quarterly profit rises 31%" say Microsoft's quarterly profit rose due to sales of is Office & Xbox products, thought i is feeling weakening demand for PCs and increased competition from tablets. 3Q earnings for 3Q ended 3/31 jumped to $5.23 bil or 61 cents a share from $4.01 bil or 45 cents last year. Rev rose to $16.43 bil from $14.5 bil a year ago.

Pfizer PFE $20.83 +0.20 0.97% 34,497,431 NYSE: AJC pA16 "Arthritis pill clears hurdles for approval" says Prizer's drug tofacitnib was found effective in the final 2 studies for approval.

Procter & Gamble PG $64.5 +0.48 0.75% 13,367,267 NYSE: Fin Times p22 "Energy prices & jobs numbers damp mood but equities still rally" by Michael Stothard, AJC pA16 "P&G eases earnings predictions sas Wall St continued to trend upwards following the multi year highs reached int he previous session, but sentiment held back slightly by mixed earnings reports from industry bellwethers Exxon and Procter & Gamble & disappointing data on US economic growth. P&G's net income was $2.87 bil up 11% over last year. Earnings per share were 96 cents on rev of $20.23 bil. Analysts expecgted 97 cents a share on $20.24 Bil

WSJ pC5 "Blue chips climb higher, adding 72 points" by Kristina Peterson says stocks extended their multiyear highs as the market clung to optimism generated by the Fed's plans to keep interest rates low & by the flow of encouraging corp earnings. Boeing climbed $2.43 and Procter & Gamble rose 48 cents after its 1Q earnings beat analysts' estimates, though it offered cautious guidance for the year reflecting higher commodity costs.

USA Today p5B "Markets set another high for '11" by AP says stocks closed at another '11 high Thurs despite modest US economic growth in the 1Q. Corp earnings were mixed. Procter & Gamble rose 48 cents after it reported higher earnings but cut its forecast due to rising costs. Exxon fell 44 cents even though it reported its best quarterly earnings since '08.

3M MMM $97.23 +0.76 0.79% 3,578,701 NYSE: No mentions found.

Travelers TRV $63.06 +0.81 1.3% 2,921,539 NYSE: No mentions found.

United Technologies UTX $89.01 +1.15 1.31% 4,006,499 NYSE: No mentions found.

Verizon VZ $38.27 +0.02 0.05% 11,618,593 DualListed: WSJ pC8 "Spectrum of choices confronts AT&T review" by Martin Peers says regulaors have begun their review of the deal between AT&T and T-Mobile and their approval may mean letting Verizon Wireless buy Sprint Nextel some day. In sidebar "Overhead" it says Verizon Wireless will put a label on their phones saying their location could be tracked.

WSJ pB3 "Major wireless carriers defend privacy practices" by Amy Schatz says the carrier defended their privacy practices as lawmakers increased scrutiny of data gathering and location tracking in the mobile industry. Verizon, AT&T and others released details on how they use and safeguard customer info.

Walmart WMT $54.69 +0.27 0.5% 9,809,283 NYSE: WSJ pB4 "Quarter's profits point to a record" by Paul Vigna says Wmt's CEO Mike Duke warned that rising gas prices are having an effect on customers.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest as of 4/24/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $428 [5]
2. Procter & Gamble PG 253.5 [4]
3. Chevron CVX 217.5 [2]
4. Microsoft MSFT 214.5 [8.5]
5. GE 212 [10.5]
6. IBM 205 [1]
7. WalMart WMT 187 [3.5]
8. AT&T T 181.5 [6]
9. JPMorgan Chase JPM 178 [4]
10. Johnson & Johnson JNJ 175.5 [3]
11. Pfizer PFE 158 [8]
12. Coke KO 156 [2.5]
13. Bank of America BAC 125 [10]
14. Intel INTC 118 [5.5]
15. Merck MRK 105 [3]
16. Verizon VZ 104 [3]
17. Cisco CSCO 93.5 [5.5]
18. Hewlett-Packard HPQ 88.5 [2]
19. Disney DIS 80 [2]
20. McDonald's MCD 80 [1]
21. United Technologies UTX 80 [1]
22. Caterpillar CAT 70 [.5]
23. 3M MMM 67 [.5]
24. Home Depot HD 61.5 [1.5]
25. Kraft KFT 58.5 [2]
26. American Express AXP 56.5 [1]
27. Boeing BA 55.5 [1]
28. DuPont DD 52 [1]
29. Travelers TRV 26 [.5]
30. Alcoa AA 18 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 4/24/11:

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

AT&T T: 4/20/11 2 8Ks re: first quarter results
4/13/11 Prospectus & 4/1/aa S-4 re: offer to exchange $3.5 bil of 5.35% Global Notes due '40
3/31/11 & 3/21/11 2 8Ks re: purchase of T-Mobile USA, Inc. from Deutsche Telekom for $20 bil
3/29/11 8KA re: replacement of Richard Lindner as CFO with John J. Stephens
3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark
3/7/11 8K re; departure of Richard G. Lindner as CFO to be replaced by John T. Stephens
3/1/11 10K re: Fiscal year ended 12/31/10

Alcoa AA: 4/21/11 10Q & 4/12/11 8K re: first quarter results ending 3/31/11
4/14/11 8K transcript re: 1Q earnings conference call
4/13/11 8K & Prospectus re: issuance of $1.2 bil of 5.4% Notes due '21 & tnender offer for 5.3% Notes due '13
3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA

American Express AXP: 4/20/11 8K re: 1Q results ending 3/31/11
4/18/11 8K re: delinquency & write-off statistics for 1Q ended 3/31/11
3/28/11 8K re new digital payments platform "Serve"
3/24/11 & 3/23 & 3/22 Proxy materials re: 2011 Annual Meeting of Shareholders at 5/2/11 at AXP Headquarters in NYC
3/18/11 8K re: Reg. FD disclosures re: its Comprehensive Capital Plan re: share repurchases & dividends
3/15/11 8K re: delinquency & write-off statistics for 3 months ended 2/28/11
3/4/11 Prelim Proxy Statement re: Shareholder Meeting to be held 5/2/11 in NYC

Bank of Am BAC: 4/15/11 8K re: shuffling of execs, C. Noski, E. O'Keefe & B. Thompson
4/15/11 re results of 1Q ending 3/31/11
3/3011 Proxy re: Annual Meeting of Stockholders on 5/11/11 at BAC Headquarters in Charlotte, N.C.
3/23/11 8K re: submission to Fed Res. Baord of comprehensive capital plan
3/17/11 8K re: issuance of $1.5 bil of 3.625% of Senior Notes due 2016
3/16/11 8K re: election of Mukesh D. Ambani to Board of Directors & Compensation & Benefit Committee & Audit Committee

Boeing BA: 3/21/11 Annual Report to Sahreholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 4/15/11 Proxy re: Annual Meeting of Stockholders on 6/8/11 at Little Rock, Ark.
3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics

Chevron CVX: 4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11at Chevron headquarters in San Ramon, CA.
4/11/11 8K re: first quarter interim update
4/4/11 8K re: increase of exec comp.

Cisco CSCO 3/28/11 8K re: pre-arranged stock trading plan for certain execs
3/22/11 8K-A re: election of Gary B. Moore as COO
3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20
3/16 & 3/15 8Ks re: issuance of debt securities
3/9/11 8K re: recasting of fin'l stmts due to combining Asia Pacific & Japan operations

Coke KO 3/10/11 Proxy Statement re: Annual Meeting of Shareholders to be held 4/27/11 in Atlanta
2/28/11 10K re: Fiscal year ended 12/31/10
2/17/11 8K re: election of Evan G. Greenberg to Board of Directors & Audit Comm.
2/17/11 8K re: Amendment of Stock Option Plan

Disney DIS 3/25/11 8K re: adoption of exec stock option plan
3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.
3/2/11 Proxy Materials re: shareholder proposal re: exec compensation

DuPont DD: 4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11in Wilmington, DE
3/31/11 S-3 shelf registration for debt securities and common stock
3/18/11 Proxy re: Annual Stockholders Meeting to be held on 4/27/11 in Wilmington, DE
3/8/11 8K re: retirement of Samuel W. Bodman & John T. Dillon from Board of Directors due to reaching age 72

ExxonMobil XOM: 4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/25/11 in Dallas, TX
3/31/11 8K re: result of operations for 2010
3/15/11 8K re: results of operations presentation at analyst meeting
2/28 10K/A & 2/25 10K re: Fiscal year ended 12/31/10

GE: 4/21/11 8K re: first quarter results
4/18/11 proxy re: answers to shareholder's question re: CEO's stock options
4/15/11 Annual Report to Shareholders
4/711 & 3/30/11 Proxy materials re: proposal on exec comp proposal at annual meeting of shareholders on 4/27/11
3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah
2/25/11 10K re: Fiscal year ended 12/31/10

Hewlett-Packard HPQ: 3/28/11 8K re amendment of by-laws to decrease number of directors from 17 to 13
3/22/11 8K re: info re: status of Hewlett-Packard employees as a result of Japanese earthquake
3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.
3/11/11 & *k 2/22/11 re: Quarter ended 1/31/11

Home Depot HD: 4/18/11 Annual Report to Shareholders
4/15/11 proxy re: annual meeting of shareholders on 6/2/11 in Atlanta
3/31/11 8K re: underwriting agreement re: $3 bil of Senior Notes due 2021 & 2041
3/2/11 8K re: approval of Stock Option Plan

Intel INTC: 4/20/11 & 4/19/11 8Ks re: financial info & CFO commentary re: results for quarter ended 4/2/11
4/13/11 8K re: fin'l info re: recently closed acquisition of Infineon Wireless & McAfee
4/7/11, 4/5/11 & 4/4/11 Proxy materials re: annual meeting of shareholders on 5/19/11 at Intel's headquarters in Santa Clara, CA
3/21/11 8K re: fin'l info re: its McAfeesubsidiary
2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10

IBM: 4/20/11 & 4/19/11 8Ks re: CFO comments re: 1Qtr fin'l results ended 3/31/11
3/25/11 Proxy re: voting at annual meeting of stockholders on 4/26
3/18/11 8K re: settlement with SEC of bribery charges in Asia for $10 mil
3/8/11 8K re: FD disclosure re: presentation at investor briefing
3/7/11 Proxy rel Annual Stockholders Meeting on 4/26 in St. Louis, Mo.

JPMorganChase JPM: 4/20/11 Proxy brochure entitled "Overview"
4/14/11 8K re: entering into consent orders with Fed. Reserve re: residential mortgage servicing activities
4/13/11 2 8Ks re: first quarter results
4/7/11 3 proxy filings re: annual meeting of shareholders on 5/17/11 in Columbus, Ohio
3/24/11 8K re: offering of $500 mil Floating Rate Notes due 2016
3/24/11 & 3/23/11 8Ks re: offering of Global Medium Term Notes

Johnson & Johnson JNJ : 4/19/11 Proxy re: annual meeting of shareholders on 4/28 in New Brunswick, NJ
4/19/11 8K re: first quarter results
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/8/11 8K re: payment of $70,0006,316 fine for violating Foreign Corrupt Practices Act
3/16/11 Proxy re: Annual Shareholders Meeting on 4/28 in New Brunswick, NJ
3/10/11 8K re: Entering into a consent decree with the FDA regarding its oversight of JNJ's McNeil Unit plants in Puerto Rico and Pennsylvania

Kraft KFT: 4/8/11 8K & 3/14/11 8K re: departure of CFO Timothy R. McLevish to be replaced by David A. Brearton
4/5/11 8K re: entering into revolving credit agreement for $4.5 bil
3/31/11 8K & Proxy re: nomination of Dr. Peter Henry for Board of Dir at 5/24/11 annual meeting of shareholders in Skokie, Ill

McDonald's MCD: 4/21/11 8K re: first quarter results
4/15/11 Proxy re: taking points
4/13/11 Annual Report to Shareholders
4/18/11 3 Proxy filings re: annual meeting of shareholders on 5/19/11 at McDonald's Headquarters in Oak Brook, Ill & proposal to amend cert. of incorp.
3/9/11 8K re: FD disclosure re: comparable sales rising 3.9% in Feb.
3/3/11 Proxy re: Annual Meeting of Shareholders on 5/19/11 at Oak Brook, Ill.

Merck MRK: 4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/24/11 at North Branch, NJ
4/5/11 Schedule to tender offer to shareholders of Inspire Pharmaceuticals
3/24/11 8K re: termination of agreement between Merck & Sanofi-Aventis re: Sanofi's right to buy Merck's Merial animal health subsidiary

Microsoft MSFT: 2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016
1/27/11 10 & 1/27/11 8K for quarter ended 12/31/10

Pfizer PFE: 4/14/11 & 4/11/11 Proxy & 3/22/11 2 Proxy filings re: 4/28/11 annual meeting of shareholders in Dallas, TX
4/4/11 8K re: selling Capsugel subsidiary to KKR
3/24/11 Annual report to shareholders
2/28/11 10K re: fiscal year ended 12/31/10

Procter & Gamble PG: 4/11/11 8K re: declaration of 9% quarterly dividend increase
4/5/11 8K re: sale of Pringles to Diamond
3/24/11 8K re: P&G & Teva Pharmaceutical Industries partnership for OTC medicines
3/1/11 8K re: resignation of Rajat KJ. Gupta from Board of Directors
2/11/11 8K re: election of Meg Whitman to Board of Directors

3M MMM: 4/7/11 8K re: results of first quarter 2011
4/6/11 8K re: executive changes re: chief accounting officer
3/29/11 Proxy material to correct errors re: prior filing re: stock ownership of directors & officers
3/24/11 annual report to shareholders
3/23/11 2 proxy filings re: 5/10/11 annual meeting of stockholders in St. Paul, Minnesota
3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline

Travelers TRV:4/21/11 10Q & 8K for quarter ended 3/31/11
4/12/11 anual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 4/20/11 8K re: first quarter results
4/19/11 8K re proposal to amend long term incentive plan
2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ

Verizon Communications Inc. VZ: 4/21/11 8K re: first quarter results
4/11/11 8K re: Verizon completion of Terremark acquisition
4/8/11 Schedule to tender offer re: Terremark acquisition
4/4/11 Proxy re; compensation proposal
3/25/11 Prospectus re: $6.25 bil notes
3/21/11 Proxy re: 5/5/11 annual meeting of shareholders in Indianapolis, Indiana
3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)

WalMart WMT: 4/19/11 annual report to shareholders
4/18/11 2 Proxy filings re: annual meeting o shareholders on 6/3/11 at U. of Ark in Fayetteville, Ark.
4/15/11 8K & 4/13/11 Prospectus re: issuance of $5 bil of notes
3/30/11 10K for fiscal year ended 1/31/11