Cigna (NYSE: CI) was hit particularly hard by bad news today. The insurance company faces at $100 million gender bias suit. Bank of America (NYSE: BAC) was plagued with bad news as the head of its operations in India stepped down
.Note: The Flame Index scans thousands of news sites 24 hours per day and ranks companies getting the most negative press right now. The Flame Index Media Analysis Algorithm crunches the data for an up-to-the-minute ranking of the hardest-hit companies.
The Flame Index started as a research tool in 2008 at the NY Innovation Design Lab (nyidlab). It was used as a general metric to evaluate companies and their risk in the media. Publicly traded Fortune 500 companies are used as a measure to calculate an overall market of negative news and the companies are ranked within that market.
| Rank | Company | Ticker | Score | Change in Rank | Comments |
|---|---|---|---|---|---|
| 1 | PG&E Corp. | PCG | 39.525 | +1 | Close to deal to take over nuclear facility |
| 2 | Las Vegas Sands | LVS | 35.306 | -1 | Government investigation could hurt business prospects in Macau |
| 3 | Fannie Mae | FNMAS | 34.418 | +5 | Shuttering of mortgage firm could kill 30 year fixed rate home loans |
| 4 | Berkshire Hathaway | BRK.A | 32.803 | +1 | Drop in asset value of mortgage derivatives. |
| 5 | Noble Energy | NBL | 32.092 | -2 | Permit to drill in Gulf may add new scrutiny. |
| 6 | Cigna | CI | 31.56 | +165 | Sex discrimination lawsuit |
| 7 | Regal Entertainment Group | RGC | 31.094 | -3 | Prices $100 million notes |
| 8 | Itron | ITRI | 30.536 | -1 | Lawsuits over restated financial data |
| 9 | Freddie Mac | FMCKJ | 28.118 | +1 | Faced with similar problems to Fannie Mae |
| 10 | Bank of America Corp. | BAC | 27.01 | +11 | Head of India operations leaves |
Data and ranking provided by the Flame Index.
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