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The 24/7 Wall St./Flame Index: Companies With The Worst Press (6/13)
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News that a drought in west Texas could undermine oil and gas production hit Halliburton, Anadarko, and KBR.
Bank of New York Mellon was hit by negative coverage of a problem of how it handled mortgage securities paperwork
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 |
|---|---|---|---|---|---|
| 14 | Bank of New York Mellon Corp. | BK | 23.544 | +125 | Government probes role in mortgage securities |
| 18 | Fannie Mae | FNM | 21.691 | +553 | Administration considers complete liquidation |
| 22 | Halliburton | HAL | 20.62 | +135 | Growing competition from Baker Hughes |
| 25 | Comerica | CMA | 20.181 | +768 | Federal Reserve may tighten capital rules |
| 33 | Raymond James Financial | RJF | 18.726 | +651 | Another potential victim of Fed rules |
| 36 | Anadarko Petroleum | APC | 18.533 | +446 | Drought threatens oil drilling in West Texas |
| 42 | KBR | KBR | 17.916 | +341 | More concern about Texas production |
| 43 | Lowe’s | LOW | 17.874 | +645 | Home retailer says it may have too many stores to serve weak market |
| 45 | Chevron | CVX | 17.696 | +250 | Pulls out of Black Sea drilling venture |
| 49 | Valassis Communications | VCI | 17.366 | +113 | Major challenge from Groupon |
Data and ranking provided by the Flame Index.
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