Thursday, January 12, 2012

1/12/12 Thurs am Fungicide Found in OJ; Chevron Sees Profits Slide

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Post No. 1,418 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 January 1, 2012.

A read of the print editions of Thursday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Wednesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 12,449.45 down 13.02 or 0.1% from Tuesday's close of 12,462.47. For the year the Dow is up 1.90%. Of the 30 Dow components 14 gained and 16 declined. The biggest gainer dollar-wise was IBM $182.32 +1.01 0.56% 4,100,423 NYSE and percentage-wise was Bank of America BAC $6.87 +0.24 3.62% 351,725,930 NYSE. The biggest decliner dollar-wise was Chevron CVX $107.77 -1.29 1.18% 7,658,090 NYSE and percentage-wise was Disney DIS $38.7 -0.93 2.35% 16,249,674 NYSE.

WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

Inv. Bus. Daily pA1 "Most indexes rise as cyclicals advance" by David Saito-Chung says stocks erased mornings loses, and most major indexes ended with small gains Wed. Wednesday's action was mostly small gains in lower volume as the current outlook is the market is still in a confirmed uptrend.

Fin Times p26 "Urban Outfitters frayed by shock departure of its chief exec" by Ajay Makan says investors in Urban Outfitters reacted with dismay to the CEO's resignation. The Dow fell as Coke fell 1.9% due to UBS analyst removing his buy recommendation saying Coke shares have had a negative correlation of 0.93 with dollar strength for the past 3 years.

USA Today p4B "Markets mixed as Europe's troubles threaten US earnings" by AP says the Dow crept lower Wed as Europe edged closer to a recession that would hurt corp profits in the US.

NYT pB8 "Markets remain near a 5 month high" by Reuters says stock idnexes held firm near recent 5 month highs on Wed as investors awaited crucial bond market tests for Europe in the next 2 days that could determine the direction of the euro zone crisis.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 13.47 down from Wednesday's trailing P/E ratio of 13.48 (year ago it was 14.91); today's P/E estimate is 11.92 unchanged from yesterday's P/E estimate of 11.92 (year ago it was 13.55), and Thursday's dividend yield is 2.57 unchanged from yesterday's dividend yield of 2.57 (last year it was 2.44). 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 1,644.94 down 1.72 from Tuesday's closing numerator of 1,646.66. 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 $54.83 down $0.06 from Tuesday's average closing price of $54.89. The median closing price of Wednesday's Dow Jones Industrial Average was $45.38 (DD/HD) up $0.04 from Tuesday's median closing price of $45.34. The lowest volume was Travelers TRV $59.9 -0.20 0.33% 1,777,348 NYSE and the highest volume again was Bank of America BAC $6.87 +0.24 3.62% 351,725,930 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 $172 ($164,666 - $164,494).

MarketWatch Wednesday 1/11/12 4:56 pm by Kate Gibson says U.S. stocks largely erased Wednesday losses, with the S&P 500 Index stalled at five-month highs, on the ongoing tug between Europe’s debt troubles and an improving U.S. economy.
“There is some optimism being built up around earnings season, which is keeping people interested, yet a little cautious at the same time,” said Robert Pavlik, chief market strategist at Banyan Partners. “I am cautiously optimistic, but eventually some of these headlines out of Europe are going to dent the market,” he added. After falling as much as 63 points, the Dow Jones Industrial Average DJIA -0.10% finished off 13.02 points, or 0.1%, at 12,449.45.The S&P 500 SPX +0.03% erased a mild deficit to close up 0.4 point at 1,292.48, with materials rising the most and energy ranking as the largest laggard among its 10 industry sectors. That was its highest close since July 28.The S&P 500 is facing a little trouble breaking through the 1,290 to 1,295 level, said Pavlik, who pegged the next resistance at 1,330 or 1,350.Lennar Corp. LEN -0.95% offered some respite, with the home builder reporting a rise in revenue in the fourth quarter, with low home prices and interest rates spelling signs of stabilization in the housing market.Shares of Lennar rose 7.2% and other building-related stocks gained, with building-products maker Masco Corp. MAS +0.76% up 4.6%. The Nasdaq Composite COMP +0.31% added 8.26 points to 2,710.76.Advancers edged ahead of decliners on the New York Stock Exchange, where 759 million shares traded. Composite volume neared 4 billion.
The proposed merger of the owner of the New York Stock Exchange with Germany's Deutsche Börse are headed toward collapse with European antitrust regulators expected to block the deal.Wall Street showed no perceptible reaction to the afternoon release of the Federal Reserve’s Beige Book, which found U.S. economic activity to be expanding at a modest to moderate pace. Given the Federal Open Market Committee meetings, the notes that accompany them, and the frequent public speeches by Fed members, “ultimately the compilation that is the Beige Book doesn’t lead to much of a surprise,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.Wednesday’s data from Germany’s Federal Statistics Office found the nation’s economy probably contracted by 0.25% in the final quarter of 2011, a year that overall had Germany’s economy growing by a robust 3%.“We’re in a mild expansion and they are in a mild recession,” said Art Hogan, equity analyst at Lazard Capital Markets, of statistics on the Germany economy in the fourth quarter.
In commodities, crude-oil prices CL2G -1.24% slipped under $101 a barrel in New York, while gold futures GC2G +0.75% climbed to a four-week high of $1,648 before closing at $1,639.60 an ounce. Treasury prices rose, with yields of the benchmark 10-year note 10_YEAR +0.05% used in determining the rate on consumer loans at 1.9%. “The fact that interest rates are quite low are telling you you shouldn’t be too overly optimistic here as the bond market is generally correct and the equity market is generally wrong,” said Pavlik.

Wednesday's Closing Dow Numbers and Thursdays News:

Symbol Last Sale Change % Change Share Volume Market

AT&T T $29.99 +0.23 0.77% 23,690,283 NYSE: No mentions found.

Alcoa AA $9.63 +0.19 2.01% 28,661,966 NYSE: WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

American Express AXP $48.95 +0.28 0.58% 4,476,907 NYSE: No mentions found.

Bank of America BAC $6.87 +0.24 3.62% 351,725,930 NYSE: WSJ pC2 "BofA reveiws ad strategy" by Suzanne Vranica says BofA's advertising hasn't helped its image so it has placed its ad account on review.

WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

Boeing BA $74.74 -0.26 0.35% 3,081,360 NYSE: WSJ pB3 "with few optins, Cont'l coudl add extra tanks" by Susan Carey, USA Today p3B "Winds cause extra landings" by Charisse Jones say Continentl could put extra fuel tanks in the bellies of its Boeing 757's so it won't have to stop for refueling on int'l flights across the North Atlantic.

Caterpillar CAT $99.64 -0.32 0.32% 7,222,954 NYSE: No mentions found.

Chevron CVX $107.77 -1.29 1.18% 7,658,090 NYSE: WSJ pB7 "Chevron sees profit slide" by Drew Fitzgerald, USA today p1B "Briefly", IBD pA2 "Chevron" say Chevron said it expects its 4Q profit to slide due to lower margins and the sale during the previous quarter of a major refinery.

WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

Cisco CSCO $19.07 +0.24 1.27% 32,463,136 NASDAQ-GS: No mentions found.

Coke KO $68.06 -1.28 1.85% 11,635,358 NYSE: WSJ pB1 "Coke says it found fungicide in OJ" by Betsy Mckay says Coke says it found an unapproved fungicide in oragne juice made by Coke and its competitors and alerted fed regulators that some Brazilian growers had sprayed trees with it. Coke won't say which of its brands, Simply Orange and Minute Maid, but both contain Brazilian juice.

Fin Times p26 "Urban Outfitters frayed by shock departure of its chief exec" by Ajay Makan says investors in Urban Outfitters reacted with dismay to the CEO's resignation. The Dow fell as Coke fell 1.9% due to UBS analyst removing his buy recommendation saying Coke shares have had a negative correlation of 0.93 with dollar strength for the past 3 years.

Inv. Bus. Daly pB3 "Coca-Cola falls on note" by David Saito-Chung, IBD pA2 "Coca Cola" say Coke slumped 2% as UBS Investment Research downgraded the stock to a neutral from buy.

Disney DIS $38.7 -0.93 2.35% 16,249,674 NYSE: No mentions found.

DuPont DD $47.3 +0.16 0.34% 5,067,726 NYSE: No mentions found.

Exxon XOM $85.08 -0.64 0.75% 14,805,979 NYSE: WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

GE $18.88 +0.16 0.85% 47,578,934 NYSE: No mentions found.

Hewlett-Packard HPQ $26.635- 0.055 0.21% 13,593,601 NYSE: WSJ pB2 "PC shipments record rare quarterly decline" by Matt Jarzemsky says Hewlett-Packard is the top vendor by volume for PCs but ceded market share to Lenovo. Microsoft and Intel have warned of soft 4Q demand in recent weeks.

Home Depot HD $43.46 -0.07 0.16% 8,219,763 NYSE: No mentions found.

Intel INTC $25.8 +0.21 0.82% 57,128,477 NASDAQ-GS: Fin Times p26 "Intel processor turns the heat up on Arm" by Bryce Elder, FT p14 "Intel" say Arm Holdings was under pressure after Intel said that Motorola and Lenovo would start shipping based around its low power processor later this year and Intel's chip would be able to run Arm applications.

IBM $182.32 +1.01 0.56% 4,100,423 NYSE: USA Today p1B "IBM maintains lead in patent race" says IBM won a record number of US patents, 6,180, in '11, its 19th straight year on top.

JPMorgan JPM $36.66 +0.61 1.69% 29,760,044 NYSE: WSJ pC1 "Banker pay heads to ballot" by Brett Philbin says investors are preparing to challenge banks on their pay practices during this year's proxy season and JPMorgan's Jamie Dimon is pictured with the caption that he was a top earner last year.

WSJ pC4 "Global fears rattle the Dow" by Jonathan Cheng says stocks finished flat as concerns over a weakening economy in Europe gave investors pause after the market's recent gains. Energy and consumer staple stocks led the Dow's decliners as coke dropped $1.28, Chevron lost 1.29 and Exxon fell 64 cents. Materials & fin'l stocks limited some of the losses as Bank of America climbed 24 cents, JPMorgan rose 61 cents and Alcoa added 19 cents. BofA is charted un Good News saying for the 2nd day in a row it was a big winner.

Johnson & Johnson JNJ $65.13 -0.07 0.11% 6,748,502 NYSE: IBD pA2 "FDA slams J&J on faulty pumps" says regulators warned Johnson & johnson for selling faulty insulin pumps and delaying disclosure fo potential serious harm to diabetics who used them with respect to J&J's Animas unit.

Kraft KFT $37.93 -0.09 0.24% 5,566,979 NYSE: No mentions found.

McDonald's MCD $99.93 +0.23 0.23% 4,618,700 NYSE: No mentions found.

Merck MRK $38.41- 0.11 0.29% 11,936,824 NYSE: No mentions found.

Microsoft MSFT $27.72 -0.12 0.43% 65,543,375 NASDAQ-GS: Inv. Bus. Daily pA4 "Microsoft's Windows 8 finds believers" by Pat Seitz, Fin times p17 "Nokia & Microsoft talk up benefits of co-dependence" by Richard Wates say there is convergence between Nokia's hardware and Microsoft's Windows PHone software as Nokia is now in play and an acquisition is its best hope for redemption. 85% of Microsoft's cash is held outside the US which adds to Nokia's attractions.

Inv. Bus. Daily pA2 "Microsoft online tv talks stall" says Microsoft's talks with media firms aout an online subscrioption services for TV shows and movies was put on hold.

AJC pA12 "A first: Microsoft passes yahoo in US searches" says Microsoft's Bing search engine now is second behind Google.

Pfizer PFE $21.9 -0.04 0.18% 28,756,193 NYSE: No mentions found.

Procter & Gamble PG $65.68 -0.65 0.98% 14,342,501 NYSE: No mentions found.

MMM $83.77 -0.53 0.63% 4,406,211 NYSE: No mentions found.

Travelers TRV $59.9 -0.20 0.33% 1,777,348 NYSE: No mentions found.

United Technologies UTX $76.7 +0.67 0.88% 4,596,709 NYSE: No mentions found.

Verizon VZ $38.9 +0.33 0.86% 12,327,024 DualListed: No mentions found.

Walmart WMT $59.4 +0.36 0.61% 6,360,863 NYSE: WSJ pB1 "Big firms brace for chill wind from India" by Amol Sharma says several firms including AT&T are fighting tax claims in India and last month India reversed its decision to allow multibrand foreign retailers like Walmart to invest in India.

Inv. Bus. Daily pA4 "Apple, Amazon Mobile Commerce winners; Walmart a loser: survey' by Pete Barlas says Walmart and other retailers were beaten by Apple and amazon in providing the best experience for searching and buying products on mobile devices.

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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]

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

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

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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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

Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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

Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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

Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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

Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results

Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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

Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.

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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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

Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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

Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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

3M MMM: 12/6/11 8K re eps guidance
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

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

Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan