Wednesday, December 14, 2011

12/15/11 Wed pm Dow Closes at 11,823.48 down 131.46 or 1.1%

www.DowJonesMonitor.com

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Post No. 1,371 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.

The Dow Jones Industrial Average closed Wednesday at 11,823.48 down 131.46 or 1.1% from Tuesday's close of 11,954.94. Of the 30 Dow components 5 gained, Verizon was unchanged and 24 declined. The biggest gainer dollar-wise and percentage-wise was Merck MRK $35.56 +0.57 1.63% 22,542,285 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $87 -3.98 4.37% 13,565,385 NYSE.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C16 of today's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 12.93 down from yesterday's trailing P/E ratio of 13.00 (year ago it was 14.63); today's P/E estimate is 12.33 unchanged from Tuesday's P/E estimate of 12.33 (year ago it was 13.34), and today's dividend yield is 2.64 up from yesterday's dividend yield of 2.63 (last year it was 2.50). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,562.23 down 16.65 from Tuesday's closing numerator of 1,579.59. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease 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 Wednesday's Dow Jones Industrial Average was $52.07 down 0.58 from Tuesday's average closing price of $52.65. The median closing price of Wednesday's Dow Jones Industrial Average was $41.18 (DD/HD) down $0.32 from Tuesday's median closing price of $4150. The lowest volume was 3M MMM $78.51 -0.90 1.13% 4,202,132 NYSE and the highest volume again was Bank of America BAC $5.23 -0.09 1.69% 226,379,573 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 lost $1,665 ($157,959 - $156,223).

MarketWatch Wednesday 12/14/11 4:37 pm by Kate Gibson says US stocks on Wednesday closed lower for a third straight day as Wall Street worried about the toll of Europe’s debt struggles on the global economy, with investors also unloading gold and the euro. “It’s hard to be too optimistic right now because Europe looks like a mess,” said Michael Sheldon, chief market strategist at RDM Financial. Then, in the new year, investors will be faced with the U.S. presidential election, “which could be very contentious.” Setting off the day’s hand-wringing over Europe, Italy’s borrowing costs rose to a euro-era record at a bond auction, and the euro EURUSD +0.06% broke 11-month lows against the dollar. “Investors are taking profits in an unsettled market, and gold is one area where they do have profits built up,” Sheldon added. Meetings of top European leaders last week also “were encouraging, but it seems over the past few months every time [they] meet, they overpromise and under deliver,” he said. The Dow Jones Industrial Average DJIA -1.10% fell 131.46 points, or 1.1%, to 11,823.48, with 23 of its 30 components on the decline, led by heavy-equipment maker Caterpillar Inc. CAT -4.37% , off 4.4%. The S&P 500 Index SPX -1.14% declined 13.91 points, or 1.1%, at 1,211.82, with energy falling the hardest and health-care lagging the least among 10 S&P industry groups, all of which closed lower. The benchmark indexes have lost 3% to 4% this week. For every stock gaining more than two fell on the New York Stock Exchange, where 928.9 million shares traded hands, or about equal to the past 30 day’s average. NYSE Composite volume was 4.2 billion. The euro EURUSD +0.06% dropped under $1.30 for the first time in nearly a year and Italian borrowing costs rose to 6.47% at a $3.9 billion debt auction of 5-year bonds. Read more on the pullback in Europe’s shared currency. Gold futures fell sharply, with the contract for February delivery GC2G -0.72% losing $76.20 to end at $1,586.90 an ounce. Read more on acceleration of selling in gold. Investors were also reacting to central bank and political leader comments that have lowered the likelihood of more government stimulus soon. “Right now, Germany has strongly indicated against European Central Bank money-printing, and that has led investors to take profits on what has been a tremendous gold rally” over the years, said Sheldon at RDM Financial. Given “recent comments by the U.S. Federal Reserve and the ECB indicating a lack of new liquidity measures, investors see limited upside in gold over the near term.” The end-of-year liquidation moves extended to oil, with crude futures for January delivery CL2F +0.07% dropping $5.19, or 5.2%, to $94.95 a barrel.

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AT&T T $28.81 +0.23 0.79% 22,678,001 NYSE
Alcoa AA $8.94 -0.10 1.11% 43,892,297 NYSE
American Express AXP $47.08 -0.31 0.65% 6,965,428 NYSE
Bank of America BAC $5.23 -0.09 1.69% 226,379,573 NYSE
Boeing BA $69.94 -0.96 1.35% 5,999,252 NYSE
Caterpillar CAT $87 -3.98 4.37% 13,565,385 NYSE
Chevron CVX $100.53 -3.09 2.98% 15,514,210 NYSE
CSCO $17.98 -0.49 2.65% 59,667,174 NASDAQ-GS
Coke KO $66.26 -0.22 0.33% 7,876,118 NYSE
Disney DIS $35.16 -1.17 3.22% 10,663,212 NYSE
DuPont DD $43.22 -0.27 0.62% 8,312,562 NYSE
Exxon XOM $79.44 -1.09 1.35% 23,932,445 NYSE
GE $16.61 +0.19 1.16% 89,082,718 NYSE
Hewlett-Packard HPQ $26.38 -0.42 1.57% 22,317,178 NYSE
Home Depot HD $39.14 -0.37 0.94% 12,084,761 NYSE
Intel INTC $23.31 -0.25 1.06% 56,394,300 NASDAQ-GS
IBM $188.72 -2.43 1.27% 5,056,643 NYSE
JPMorgan JPM $31.51 +0.22 0.7% 41,291,678 NYSE
Johnson & Johnson JNJ $63.18 -0.18 0.28% 9,802,321 NYSE
Kraft KFT $36.16 -0.12 0.33% 7,480,171 NYSE
NcDonald's MCD $97.61 -0.39 0.4% 6,344,844 NYSE
Merck MRK $35.56 +0.57 1.63% 22,542,285 NYSE
MSFT $25.59 -0.17 0.66% 47,925,536 NASDAQ-GS
Pfizer PFE $20.86 +0.10 0.48% 56,833,129 NYSE
Procter & Gamble PG $64.45 -0.28 0.43% 10,326,040 NYSE
3M MMM $78.51 -0.90 1.13% 4,202,132 NYSE
Travelers TRV $55.97 +0.04 0.07% 4,366,357 NYSE
United Technologies UTX $73.17 -1.03 1.39% 5,175,515 NYSE
Verizon VZ $38.26 unch unch 11,896,383 DualListed
Walmart WMT $57.65 -0.05 0.09% 8,980,448 NYSE

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The following are excerpts from Wed. morning's Blog.

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

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 11,954.94 down 66.45 or 0.55% from Monday's close of 12,021.39. For the year the Dow is up 3.26%. Of the 30 Dow components 7 gained, Boeing was unchanged and 22 declined. The biggest gainer dollar-wise was Chevron CVX $103.62 +0.55 0.53% 8,985,778 NYSE and percentage-wise was Pfizer PFE $20.76 +0.37 1.81% 69,086,442 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $90.98 -2.26 2.42% 8,453,672 NYSE and percentage-wise was Alcoa AA $9.04 -0.31 3.32% 25,360,585 NYSE.

WSJ pC4 "US stocks fall after Fed statement" by Steve Russolillo says stocks dropped as Fed Res officials didn't take immediate actions to bolster the economy & retail sales data offered a disappointing view on the holiday shopping season. Alcoa led the Dow's losses down 31 cents. Caterpillar declined 2.26. Shares of DuPont dropped 42 cents as it provided an upbeat earnings & rev outlook for '12 after DuPont last week cut its profit forecast for the current year, noting demand has softened in some areas.

Fin Times p22 "Consumer stocks weighed down by disappointing Best Buy results" by Ajay Makan says US markets turned sharply lower after the Fed Res Open Market Committee left monetary policy unchanged.

NYT pB8 "Shares fall as the Fed Res warns of a strain" by AP says a late afternoon slide pulled stock indexes lower after the Fed held off on any new steps to help the economy. The Fed cautioned that strains in global fin'l markets still posed a danger, a nod to Europe's debt crisis.

USA Today p4B "Markets slip back afer Fed squelches hopes for QE3" by Bloomberg says stocks fell Tues while the dollar and Treasuries rallied, as the Fed refrained from taking more steps to stimulate the economy and concern grew that European leaders won't agree on ways to expand the region's bailout capacities.

Tuesday's Dow Jones Industrial Average closing numerator was 1,579.59 down 8.79 from Monday's closing numerator of 1,588.38. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease 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 Tuesday's Dow Jones Industrial Average was $52.65 down 0.30 from Monday's average closing price of $52.95. The median closing price of Tuesday's Dow Jones Industrial Average was $41.50 (DD/HD) down $0.48 from Monday's median closing price of $41.98. The lowest volume was Travelers TRV $55.93 +0.10 0.18% 4,826,953 NYSE and the highest volume again was Bank of America BAC $5.32 -0.13 2.39% 226,354,883 NYSE.

If Tuesday 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 lost $879 ($158,838 - $157,959).

MarketWatch Tuesday 12/13/11 4:32 pm by Kate Gibson says US stocks tumbled Tuesday for a second session after the Federal Reserve left rates unchanged and declined to signal another round of quantitative easing.Seemingly “the only thing that could make investors happy today is if the Fed stood on the corner handing out paper money to people passing by,” said Jack Ablin, chief investment officer at Harris Private Bank.“Investor attitudes are still pretty dour, people are too busy reading headlines and not looking at balance sheets,” he added.The Dow Jones Industrial Average DJIA -0.55% fell 66.45 points, or 0.6%, to 11,954.94, with 21 of its 30 components falling.The S&P 500 Index SPX -0.87% fell 10.74 points, or 0.9%, to 1,225.73, with consumer discretionary the greatest laggard and utilities the sole sector rising among its 10 major industry groups.The Nasdaq Composite COMP -1.26% fell 32.99 points, or 1.3%, to 2,579.27. For each stock rising more than two fell on the New York Stock Exchange.Volume was moderate. NYSE composite volume topped 4 billion.Equities tumbled after policy makers at the central bank said the U.S. economy managed to maintain growth even as the global economy slowed. The Fed said it would continue its trade of $400 billion of short-term debt with long-term securities to extend the average maturity of its holdings, but did not unveil any new stimulus program. Read more on the Fed’s statement.“The Fed is trying to be more transparent and the market doesn’t like it,” added Ablin of the market’s reaction to the Fed statement.U.S. economic reports of late have largely illustrated expansion, albeit at a lackluster pace, with the jobless rate falling to 8.6% in November and holiday shopping off to a good start.U.S. stock futures had maintained their gains ahead of the opening bell following government data that showed the nation’s retail sales climbing just 0.2% in November. “While weaker than expected, the year-over-year gain is still 6.2% excluding gasoline-station sales,” Miller Tabak equity strategist Peter Boockvar noted.“The U.S. economy has hung in pretty well of late,” he added. Also Tuesday, the Commerce Department reported that inventories at U.S. businesses rose 0.8% in October, with business sales up 0.7%.Separately, the Labor Department estimated job openings fell to 3.27 million in October from 3.38 million the month before.Before the Fed statement, stocks had scaled back their gains after German Chancellor Angela Merkel rejected the idea of boosting the ceiling of the European Stability Mechanism, or the permanent rescue fund for the euro area. Analysts at Action Economics cited reports “that Germany’s Merkel has rejected raising the funding limits for the ESM bailout program” for equities’ lost momentum. But Boockvar said Merkel was merely repeating what she’s already said. “I want to remind everyone that she said this on Friday too” at the European Union summit, he emailed. Stocks had gained at the start after Spain sold 4.94 billion euros ($6.5 billion) in government debt, more than targeted, and investor confidence in Germany unexpectedly rose. “We were rallying on technicals, as we were oversold coming in today after yesterday,” said Ablin at Harris Private Bank of Monday’s session, which had the Dow industrials falling 162.87 points, or 1.3%.

Tuesday's Closing Dow Numbers and Wednesday's New:

Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.04 +0.03 0.1% 21,810,394 NYSE: No mentions found.

Alcoa AA $9.04 -0.31 3.32% 25,360,585 NYSE: WSJ pC4 "US stocks fall after Fed statement" by Steve Russolillo says stocks dropped as Fed Res officials didn't take immediate actions to bolster the economy & retail sales data offered a disappointing view on the holiday shopping season. Alcoa led the Dow's losses down 31 cents. Caterpillar declined 2.26. Shares of DuPont dropped 42 cents as it provided an upbeat earnings & rev outlook for '12 after DuPont last week cut its profit forecast for the current year, noting demand has softened in some areas.

American Express AXP $47.39 -0.50 1.04% 7,363,397 NYSE: No mentions found.

Bank of America BAC $5.32 -0.13 2.39% 226,354,883 NYSE: WSJ pC3 "Banks press CFPB in talks" by Nick Timrasos says bnks including Bank of America & JPMorgan & 3 of the other nation's largest mortgage servicers, are demanding that the Consumer Fin'l Protection Bureau relinquish the right to sue over certain flawed mortgage originations in exchange to participate in a proposed multi-billion dollar settlement of foreclosure abuses.

Boeing BA $70.9 unch unch 7,550,697 NYSE: AJC pA15 "Southwst orders 208 jets" by AP says Southwest ordered 208 redesigned and more fuel efficient version of the popular 737 in the biggest order in Boeing's history by number of planes and by list price value at $19 bil.

Caterpillar CAT $90.98 -2.26 2.42% 8,453,672 NYSE: WSJ pC4 "US stocks fall after Fed statement" by Steve Russolillo says stocks dropped as Fed Res officials didn't take immediate actions to bolster the economy & retail sales data offered a disappointing view on the holiday shopping season. Alcoa led the Dow's losses down 31 cents. Caterpillar declined 2.26. Shares of DuPont dropped 42 cents as it provided an upbeat earnings & rev outlook for '12 after DuPont last week cut its profit forecast for the current year, noting demand has softened in some areas.

Chevron CVX $103.62 +0.55 0.53% 8,985,778 NYSE: No mentions found.

CSCO $18.47 -0.06 0.32% 47,935,527 NASDAQ-GS: No mentions found.

Coke KO $66.48 -0.41 0.61% 7,127,336 NYSE: No mentions found.

Disney DIS $36.33 -0.32 0.87% 12,694,063 NYSE: No mentions found.

DuPont DD $43.49 -0.42 0.96% 10,572,553 NYSE: WSJ pC4 "US stocks fall after Fed statement" by Steve Russolillo says stocks dropped as Fed Res officials didn't take immediate actions to bolster the economy & retail sales data offered a disappointing view on the holiday shopping season. Alcoa led the Dow's losses down 31 cents. Caterpillar declined 2.26. Shares of DuPont dropped 42 cents as it provided an upbeat earnings & rev outlook for '12 after DuPont last week cut its profit forecast for the current year, noting demand has softened in some areas.

WSJ pB6 "DuPont destocking is expected to be short lived" by Doug Cameron says that DuPont said recent destocking in some key markets would be short lived, though demand from parts of the auto & consumer electronics sectors remains weak.

Exxon XOM $80.53 +0.48 0.6% 21,849,363 NYSE: No mentions found.

GE $16.42 -0.04 0.24% 73,621,988 NYSE: WSJ pB2 "GE plans ahead or European chill" by Kate Linebaugh says GE is gearing up for a tougher '12 in europe, a weak spot in a year when GE expects to see double digit profit growth on the strength of sales to emerging markets.

Hewlett-Packard HPQ $26.8 -0.54 1.98% 18,228,128 NYSE: No mentions found.

Home Depot HD $39.51 -0.54 1.35% 11,247,213 NYSE: No mentions found.

Intel INTC $23.56 -0.44 1.83% 78,471,156 NASDAQ-GS: WSJ pB7 "AMD contradicts Intel's forecast" by Shara Ribken says Advanced Micro Devices CEO contradicted Intel by playing down the impact hard disk drive shortages are having on the PC market.

IBM $191.15 -1.03 0.54% 5,005,091 NYSE: No mentions found.

JPMorgan JPM $31.29 -0.75 2.34% 49,454,468 NYSE: WSJ pC3 "Banks press CFPB in talks" by Nick Timrasos says bnks including Bank of America & JPMorgan & 3 of the other nation's largest mortgage servicers, are demanding that the Consumer Fin'l Protection Bureau relinquish the right to sue over certain flawed mortgage originations in exchange to participate in a proposed multi-billion dollar settlement of foreclosure abuses.

Johnson & Johnson JNJ $63.36 -0.15 0.24% 14,193,007 NYSE: WSJ pB3 "4th ex-Synthes officer sentenced" by Peter Loftus says he was sentenced to 8 months in prison due to illegal testing and promotion of a bone cement products for this medical device firm which is being bought by Johnson & Johnson for $21 bil which will close next year.

Kraft KFT $36.28 -0.14 0.38% 6,905,442 NYSE: No mentions found.

McDonald's MCD $98 -0.48 0.49% 6,859,782 NYSE: WSJ pC6 "A new suburban blight" by Maura Sadovi says when the market is bad for the sale of abandoned McDonald's and Walmart's store which come on the market each year, blight is the result.

Merck MRK $34.99 -0.42 1.19% 18,294,548 NYSE: No mentions found.

MSFT $25.76 +0.25 0.98% 54,560,642 NASDAQ-GS: No mentions found.

Pfizer PFE $20.76 +0.37 1.81% 69,086,442 NYSE: No mentions found.

Procter & Gamble PG $64.73 +0.42 0.65% 11,112,842 NYSE: No mentions found.

3M MMM $79.41 -1.18 1.46% 3,967,483 NYSE: No mentions found.

Travelers TRV $55.93 +0.10 0.18% 4,826,953 NYSE: No mentions found.

United Technologies UTX $74.2 -0.28 0.38% 5,391,820 NYSE: No mentions found.

Verizon VZ $38.26 -0.09 0.23% 11,836,379 DualListed: No mentions found.

Walmart WMT $57.6 -0.49 0.84% 10,962,392 NYSE: WSJ pC6 "A new suburban blight" by Maura Sadovi says when the market is bad for the sale of abandoned McDonald's and Walmart's store which come on the market each year, blight is the result.

Daily Report p6 "Walmart heiress' dream is a moral tragedy" by Jeff Goldberg says ths new art museum in Ark won't pay the bills for store's workers who earn $8.81 an hour on average.

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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)

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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:

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

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices

Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8

Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil

Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement

Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes

Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11

Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes

Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference

Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales

Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors

3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11