1/20/12 Fri a.m. AXP, BofA, Intel & IBM Net Income Up, Micorosoft's Flat; Merck & JNJ Settles Suit

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Post No. 1,431 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 Friday'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 Thursday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 12,623.98 up 45.03 or 0.36% from Wednesday's close of 12,578.95. For the year the Dow is up 3.33%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Caterpillar CAT $105.75 +1.49 1.43% 9,373,573 NYSE and percentage-wise was Bank of America BAC $6.96 +0.16 2.35% 488,802,077 NYSE. The biggest decliner dollar-wise was IBM $180.52 -0.55 0.3% 8,285,702 and percentage-wise was Pfizer PFE $21.84 -0.13 0.59% 34,777,772 NYSE.

WSJ pC4 "Stocks make it 3 in row" by Christian Berthelesen says stocks gained for a 3rd straight session, pushing major indexes to a 6 month high on the back of good jobs data and bank earnings. Bank of America led the Dow rising 16 cents after reporting good 4Q rev. Microsoft fell 11 cents but rose after hours even though fiscal 2Q profit slipped.

NYT pB8 "Sahres rise for a 3rd day on bank earnings" by Reuters says stock roses for the 3rd straight day Thurs helped by results from Bank of America and Morgan Stanley & a report showign that the latest jobless claims dropped to a near 4 year low.

Inv. Bus. Daily pA1 "Stocks rise; NASDAQ up 9 of 10 days" by Paul Whitfield says stocks notched moderate gains Thurs. in mixed volume, extending their advance. The current outlook is the market is in a confirmed uptrend. Microsoft missed rev estimates but beat on earnings. Shares rose after hours. Intel rose modestly after hours after it reported results that were above estimates for rev and earnings. IBM was up 3% after hours but it missed on rev but topped profit expectations.

USA Today p4B "Earnings optimism, falling jobless claims, boost stocks" by Bloomberg says stocks advanced Thurs, sending the S&P index higher for a 3rd consecutive day, as Bank of America rallied after swinging to a profit and jobless claims plunged to the lowest level in almost 4 year.

As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.63 down from Thursday's trailing P/E ratio of 13.67 (year ago it was 14.84); today's P/E estimate is 11.92 unchanged from yesterday's P/E estimate of 11.92 (year ago it was 12.75), and Friday's dividend yield is 2.54 down from yesterday's dividend yield of 2.55 (last year it was 2.43). 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 1,668 up 5.95 from Wednesday's closing numerator of 1,662.05. 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 $55.60 up $0.20 from Wednesday's average closing price of $55.40. The median closing price of Thursday's Dow Jones Industrial Average was $47.41 (DD/HD) up $0.24 from Wednesday's median closing price of $47.17. The lowest volume was Travelers TRV $60.3 +0.41 0.68% 2,546,408 NYSE and the highest volume again was Bank of America BAC $6.96 +0.16 2.35% 488,802,077 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 $595 ($166,800 - $166,205).

MarketWatch Thursday 1/19/12 4:53 pm by Laura Mandaro says U.S. stocks bumped to a higher close Thursday, extending their 2012 advance, as investors snapped up bank and Internet-related stocks following results from Bank of America Corp. and ahead of a quartet of tech bellwether results. Gains, however, were limited after the S&P 500 clocked its best start to the year since 1987 and with plenty of weak signs in earnings reports. The Dow Jones Industrial Average DJIA +0.36% rose 45.03 points, or 0.4%, to 12,623.98, its third straight day of gains and its highest close since July 22. It’s up 3.3% for the year. ”Recent economic news has showed the U.S. economy is improving, and we’re no longer falling off a cliff,” said Bryan Sadoff, chief investment officer at Sadoff Investment Management in Milwaukee. Jobs and housing data showing the worst is over, plus data signaling inflation pressure is subdued, “have brought investors back to the markets,” he said. A rise in Bank of America Corp. BAC -0.43% shares, up 2.4% to $6.96, led percentage gainers. Of the Dow’s 30 components, 20 were higher. Three of the Dow’s tech stocks -- International Business Machines Corp. IBM +2.34% , Intel Corp. INTC +0.20% and Microsoft Corp. INTC +0.20% -- released quarterly results along with Google, Inc. GOOG -8.60% after the close of regular trading. The Nasdaq Composite Index COMP +0.67% added 18.62 points, or 0.7%, to 2,788.33, lifting its year-to-date gains to 7%. The S&P 500 Index SPX +0.49% gained 6.46 points, or 0.5%, to 1,314.5. By Wednesday’s close, it had rallied 4% for the first 11 trading days of the year — the best start of a year since 1987, according to S&P Indices. Consumer discretionary stocks -- mainly retail, media and Internet shares -- led S&P 500 gains on Thursday that included eight of the S&P 500’s ten sectors. F5 Networks Inc. FFIV -0.02% shares jumped 11% after the Internet networking-equipment maker reported a jump in earnings and a rosy profit outlook, saying telecommunications companies were prioritizing its gear over other types of spending. NetApp Inc. NTAP +8.25% shares rose 8.3%. Sears Holding Corp. SHLD +0.23% shares jumped 10%; it’s benefited from speculation it could be taken private by majority owner Eddie Lampert. Johnson Controls Inc. JCI +0.09% shares fell 8.9% after the maker of air and heating systems and car components cut its outlook for its fiscal 2012 second quarter, citing the declining value of the euro and lower automotive demand from Europe. “Stocks are tempted to rally as jobless claims improve and Europe stabilizes — at least for the day,” said Michael Yoshikami, chief investment officer of YCMNET Advisors in Walnut Creek, Calif. “Of course, the focus these next two weeks are on earnings and reports so far have been a decidedly mixed bag.” Stock futures had wavered then pushed higher after the U.S. Labor Department said jobless claims fell more than forecast in the latest week, down 50,000 to 352,000 .
Separately, a report showed consumer prices were flat last month, instead of rising 0.1% as predicted. Excluding food and energy, prices rose less than expected.
Also, housing starts fell 4.1% in December to a seasonally adjusted 657,000 annualized units, a slower-than-expected pace. The Dow average had briefly dropped into the red, then rebounded after an index of manufacturing activity from the Philadelphia region showed less strength than expected. Bank of America BAC -0.29% shares rallied after the bank said it swung to a fourth-quarter profit, though income was helped by several large one-time gains including a share sale and debt swap. Revenue rose 11% to $24.89 billion, topping analysts’ forecasts. Shares of Morgan Stanley MS +0.03% rose 5.4%. The bank swung to a fourth-quarter loss of $227 million, or 15 cents a share, as revenue fell 26% to $5.71 billion. Analysts had expected a loss of 57 cents on $5.57 billion. On Wednesday, the S&P 500 index SPX +0.49% closed above 1,300 for the first time since July 28 in the wake of improved housing sentiment data and upbeat earnings from Goldman Sachs Group Inc. GS +0.02%. The year-to-date rally in financials and technical indicators, such as the S&P 500 moving above its 200-day moving average, are also helping stocks extend gains, said Sadoff. “If you’re going to have a healthy bull market in stocks, you need to have financials participate,” he said.

Thursday's Closing Dow Numbers and Friday's News:

Symbol Last Sale Change % Change Share Volume Market

AT&T T $30.42 +0.09 0.3% 25,480,470 NYSE: WSJ pB6 "AT&T data pricing risks defections" by Greg Bensinger says new customers for AT&T data service plans starting on Sun will pay up to 33% mroe a month fro smartphones, tablets and otehr mobile gear and customers may flee. It is about $5 a month more than Verizon Wireless's month plans.

Alcoa AA $10.18 +0.16 1.6% 28,076,501 NYSE: No mentions found.

American Express AXP $50.95 +0.39 0.77% 6,156,212 NYSE: Inv. Bus. Daily pA2 "Ameican Express", WSJ pC3 "A plastic revival at AmEx, CapOne" by Andrew Johnson says on Thursday American Express said its US card balances increased in 4Q by 4% from a year ago to $53.7 bil as a sign that consumers' aversion to credit is waning.
American Express's rev grew 5.2% to 47.7 bil. Its EPS rose 7.4% to $1.01 beating views by 3 cents.

Bank of America BAC $6.96 +0.16 2.35% 488,802,077 NYSE: WSJ pC1 "BofA swings to black for '11" by Dan Fitzpatrick, WSJ pC10 "BofA takes painful capital lesson to heart" by David Reilly, NYT pB3 "Bank of America makes a $2 Bil profit, but mostly from one time gains" by Nelson D. Schwartz, Inv. Bus. Daily pA1 "BofA, Morgan tops views, rise", AJC pA17 "Bank of America bounces back" by Pallavi Gogol say Bank of America reported it made $2 bil in its latest quarter through Dec reversing a $1.2 bil loss a year earlier. Its net profit was helped by a 9 Bil gain from the sale of its stake in China Construction bank. Rev improved in4Q 11% from a year earlier to $24.9 bil.

WSJ pC4 "Stocks make it 3 in row" by Christian Berthelesen says stocks gained for a 3rd straight session, pushing major indexes to a 6 month high on the back of good jobs data and bank earnings. Bank of America led the Dow rising 16 cents after reporting good 4Q rev. Microsoft fell 11 cents but rose after hours even though fiscal 2Q profit slipped.

Inv. Bus. Daily pA10 "Banks, states close to deal on mortgages" by AP says a $25 mil settlement by 5 big banks including Bank of America and JPMorgan and US states over foreclosure practices is nearing completion.

Boeing BA $75.56 +0.50 0.67% 5,379,665 NYSE: WSJ pB3 "Airbus jets drawing closer look over safety" by Daniel Michaels says over the years unexpected cracks have cropped up in the wings of some of Boeing's 737 and 747 jets. During fatigue testing in '98 Boeing discovered certain structural parts on its newest 737 models called wing stiffeners failed prematurely and the issues were fixed. 2 years earlier 747 jumbo jets were checked for cracks in certain wing sections of older jets.

Caterpillar CAT $105.75 +1.49 1.43% 9,373,573 NYSE: No mentions found.

Chevron CVX $106.93 +0.10 0.09% 5,655,577 NYSE: No mentions found.

CSCO $19.79 +0.25 1.28% 52,189,873 NASDAQ-GS: No mentions found.

Coke KO $67.45 -0.14 0.21% 6,685,950 NYSE: No mentions found.

Disney DIS $39.44 +0.42 1.08% 7,703,479 NYSE: No mentions found.

DuPont DD $49.4 -0.05 0.1% 5,431,132 NYSE: No mentions found.

Exxon XOM $87.03 +0.58 0.67% 16,328,277 NYSE: No mentions found.

GE $19.15 +0.13 0.68% 53,499,975 NYSE: WSJ pC1 "GE finding it tought to move the needle" by Kate Linebaugh says GE's 4Q results expected today are expected to show a 3% drop in rev to $40 bil and a 6% increase in earnings to 38 cents a share.

Hewlett-Packard HPQ $27.15 +0.15 0.56% 11,156,220 NYSE: No mentions found.

Home Depot HD $45.41 +0.53 1.18% 15,544,732 NYSE: WSJ pA3 "Homeowners stop waiting to spruce up" by Conor Doughery says American are spending more on home improvements for the first time in years and are buying more light fixtures at Home Depot.

AJC pA15 "Home Depot tring PayPal option" by Arielle Kass says Home Depot is trying a pilot program that lets shoppers in 51 locations pay by PayPal to make purchases in stores by swiping a PayPal card and entering a pin.

Intel INTC $25.63 +0.24 0.95% 63,403,404 NASDAQ-GS: WSJ pB6 "Tech giants' rev slows" by Don Clark, NYT pB4 "Profit increases 6% at Intel" by Laurie Flynn, USA Today p3B "Tech giants chime in with mixed earnings" by Scott Martin say IBM, Microsoft and Intel grew more slowly in the latest quarter but showed little sign of a broad spending slump. Intel had profit rising 6% on a 21% jump in 4Q rev. and Intel all reported slower rev growth int he quarter ended in Dec ordinarily the industry's strongest.

Inv. Bus. Daily pA1 "Stocks rise; NASDAQ up 9 of 10 days" by Paul Whitfield says stocks notched moderate gains Thurs. in mixed volume, extending their advance. The current outlook is the market is in a confirmed uptrend. Microsoft missed rev estimates but beat on earnings. Shares rose after hours. Intel rose modestly after hours after it reported results that were above estimates for rev and earnings. IBM was up 3% after hours but it missed on rev but topped profit expectations.

IBM $180.52 -0.55 0.3% 8,285,702 NYSE: NYT pB4 "IBM profit tops forecast, but sales miss estimate" by Steve Lohr, Inv. Bus. Daily pA1 & A4 "Services, software boost IBM" AJC pA16 "IBM stock up after positive earnings report" say IBM's 4Q earnings beat expectations due to higher rev from software and services segments and pushed IBM's store 3% higher after hours. It earned $5.49 bil or $4.62 per share in qtr ended 12/31 up 4% from $5.26 bil or $4.25 per share a year earlier. Rev fell short as it grew 2% to $29.49 bil from $29.02 bil.

WSJ pB6 "Tech giants' rev slows" by Don Clark, USA Today p3B "Tech giants chime in with mixed earnings" by Scott Martin say IBM, Microsoft and Intel grew more slowly in the latest quarter but showed little sign of a broad spending slump. Intel had profit rising 6% on a 21% jump in 4Q rev. and Intel all reported slower rev growth int he quarter ended in Dec ordinarily the industry's strongest.

Inv. Bus. Daily pA1 "Stocks rise; NASDAQ up 9 of 10 days" by Paul Whitfield says stocks notched moderate gains Thurs. in mixed volume, extending their advance. The current outlook is the market is in a confirmed uptrend. Microsoft missed rev estimates but beat on earnings. Shares rose after hours. Intel rose modestly after hours after it reported results that were above estimates for rev and earnings. IBM was up 3% after hours but it missed on rev but topped profit expectations.

JPMorgan JPM $36.93 +0.39 1.07% 36,856,246 NYSE: Inv. Bus. Daily pA10 "Banks, states close to deal on mortgages" by AP says a $25 mil settlement by 5 big banks including Bank of America and JPMorgan and US states over foreclosure practices is nearing completion.

Johnson & Johnson JNJ $65.19 -0.09 0.14% 11,635,009 NYSE: WSJ pB5 "Johnson 7 Johnson to settle Risperdal suit in Texas", NYT pB7 "J.& J. to pay $158 Mil to end suit filed by Texas" by Reuters, USA Today p1B "J&J unit says drug lawsuit settled", AJC pA16 "Johnson & Johnson unit, Texas settle drug lawsuit" says a JNJ sub, Janssen Pharmaceuticals was alleged to have plundered Texas' state Medicaid program but the lawsuit was settled for $158 mil. JNJ was improperly marketing Risperdal and overcharging for it.

Kraft KFT $38.7 -0.02 0.05% 6,917,222 NYSE: No mentions found.

McDonald's MCD $101.26 -0.30 0.3% 4,740,368 NYSE: No mentions found.

Merck MRK $39.26 +0.39 1% 16,503,847 NYSE: Inv. Bus. Daily pA2 "Merck" says Merck will settle all Candadian lawsuits over its recalled painkiller Vioxx for $21.8 mil but the settlement could go as high as $36.9 mil.

Microsoft MSFT $28.12 -0.11 0.39% 73,067,144 NASDAQ-GS: NYT pB4 "Weak holiday PC sales hurt profit at Microsoft" by Nick Wingfield, Inv. Bus. Daily pA1 and A4 "Xbox, servers lift Microsoft", AJC pA16 "Microsoft says quarterly net income flat" say Microsoft's net income for qtr through Dec was flat from a year ago a rev rose 5% despite a soft PC market. Net income in 2Q was $6.62 bil down from $6.63 bil a year ago. Windows operating system division had a rev decline but there were gains in Office productivity software division, servers, Xbox 360 game console and Bing units.

WSJ pC4 "Stocks make it 3 in row" by Christian Berthelesen says stocks gained for a 3rd straight session, pushing major indexes to a 6 month high on the back of good jobs data and bank earnings. Bank of America led the Dow rising 16 cents after reporting good 4Q rev. Microsoft fell 11 cents but rose after hours even though fiscal 2Q profit slipped.

WSJ pB6 "Tech giants' rev slows" by Don Clark, USA Today p3B "Tech giants chime in with mixed earnings" by Scott Martin say IBM, Microsoft and Intel grew more slowly in the latest quarter but showed little sign of a broad spending slump. Intel had profit rising 6% on a 21% jump in 4Q rev. and Intel all reported slower rev growth int he quarter ended in Dec ordinarily the industry's strongest.

Inv. Bus. Daily pA1 "Stocks rise; NASDAQ up 9 of 10 days" by Paul Whitfield says stocks notched moderate gains Thurs. in mixed volume, extending their advance. The current outlook is the market is in a confirmed uptrend. Microsoft missed rev estimates but beat on earnings. Shares rose after hours. Intel rose modestly after hours after it reported results that were above estimates for rev and earnings. IBM was up 3% after hours but it missed on rev but topped profit expectations.

Pfizer PFE $21.84 -0.13 0.59% 34,777,772 NYSE: No mentions found.

Procter & Gamble PG $66.08 +0.05 0.08% 9,312,417 NYSE: No mentions found.

MMM $85.8 +0.73 0.86% 3,397,891 NYSE: No mentions found.

Travelers TRV $60.3 +0.41 0.68% 2,546,408 NYSE: No mentions found.

United Technologies UTX $77.19 -0.41 0.53% 4,472,090 NYSE: No mentions found.

Verizon VZ $39 -0.01 0.03% 9,964,707 DualListed: WSJ pB6 "AT&T data pricing risks defections" by Greg Bensinger says new customers for AT&T data service plans starting on Sun will pay up to 33% mroe a month fro smartphones, tablets and otehr mobile gear and customers may flee. It is about $5 a month more than Verizon Wireless's month plans.

Walmart WMT $60.61 +0.60 1% 9,150,840 NYSE: No mentions found.
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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