BP (NYSE: BP) stayed at the top of the list of companies receiving the most negative news after skepticism about its CEO’s apology about Deepwater Horizon. Dynegy (NYSE: DYN) threatened a Chapter 11 filing. GM (NYSE: GM) jumped up the list when it disclosed it CFO would leave
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 | BP | BP | 34.287 | 0 | CEO sorry for oil spill, not |
| 2 | Dynegy | DYN | 31.666 | +31 | Elects four new board members and warns of Chapter 11 |
| 3 | Massey Energy | MEE | 24.993 | -1 | Concerns about lawsuits after mine disaster |
| 4 | Rite Aid | RAD | 24.007 | +2 | Supreme Court decisions could hurt sales |
| 5 | Toyota Motor Corporation | TM | 22.364 | +7 | High gas prices will gash sales |
| 6 | General Motors | GM | 21.853 | +16 | CFO leaves |
| 7 | Fannie Mae | FNMAS | 20.619 | +2 | May be dissolved |
| 8 | Exxon Mobil | XOM | 20.524 | +7 | Increase capital budget for exploration |
| 9 | Johnson & Johnson | JNJ | 20.232 | +1 | Potential suit over hip replacement recalls |
| 10 | Alpha Natural Resources | ANR | 20.057 | -3 | Buying Massey, suit fall-out |
Data and ranking provided by the Flame Index.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
