Frontier Oil is receiving the most bad press this morning after posting poor earnings. And, investors are still upset about its M&A deal with Holly. Holly posted good earnings but it investors are also displeased with the proposed transaction. PNC moved up the Flame Index, probably because of renewed pressure from the FDIC for banks to increase lending.
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||Frontier Oil||FTO||42.11||0||Poor earnings and bad M&A deal|
|2||Holly||HOC||29.545||+11||Investors dislike Frontier transaction|
|3||Walt Disney||DIS||29.133||+7||Buys children social network Togetherville|
|4||Family Dollar Stores||FDO||28.026||+2||Still in buyout battle with Nelson Peltz|
|5||Forest Laboratories||FRX||27.649||-1||Clinical Labs buyout finds little favor|
|6||BP||BP||27.28||+5||Threats to some of its oil fields due to Middle East turmoil|
|7||GOOG||26.885||-4||Announces it will challenge Microsoft desktop software|
|8||Borders Group||BGP||26.358||-6||Still hit by Chapter 11 filing|
|9||PNC Financial Services Group||PNC||26.305||+40||FDIC pressure banks to loan more money|
|10||Fannie Mae||FNMAS||24.813||-3||Government shutdown still a threat|
Data and ranking provided by the Flame Index.