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The 24/7 Wall St./Flame Index: March 11 Bad Weather For Del Monte
Published:
AIG (NYSE: AIG) suffered from news that it will buy back $16 billion of distressed securities. Del Monte (NYSE: DLM) received bad press because of concerns about poor weather effecting crops.
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 | 32.058 | 0 | Exxon Pushes Back on BP CEO |
| 2 | Chevron | CVX | 29.203 | +5 | Still trouble over Ecuador lawsuit |
| 3 | Dynegy | DYN | 27.842 | -1 | Board adds four news members post Chapter 11 talk |
| 4 | Toyota Motor Corporation | TM | 26.932 | +1 | Reorganization of management |
| 5 | General Motors | GM | 26.407 | +1 | CFO walks |
| 6 | American International Group | AIG | 25.682 | +54 | Proposes to buy back $16 billion in bad paper |
| 7 | Del Monte Foods | DLM | 25.408 | +43 | Worries weather has hurt crops |
| 8 | Massey Energy | MEE | 24.447 | -5 | New lawsuit risk due to mine collapse |
| 9 | Exxon Mobil | XOM | 22.235 | 0 | Announces ambitious cap ex plan |
| 10 | Johnson & Johnson | JNJ | 21.281 | 0 | FDA will oversee troubled plants |
Data and ranking provided by the Flame Index.
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