Investing

The 24/7 Wall St./Flame Index: Fannie And Freddie Losses

Freddie Mac and Fannie Mae moved to the top of the negative news search as both lost billions of dollars. Frontier Oil remained high on the list due to concerns about its M&A plans. HealthSouth moved into the Top 10 after filing its 10-K.

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.

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Rank Company Ticker Score Change in Rank Comments
1 Freddie Mac FMCKJ 37.441 +37 Large quarterly losses
2 Fannie Mae FNMAS 34.167 +8 Large quarterly losses
3 Frontier Oil FTO 29.945 -2 Concern about Holly M&A. Shareholder lawsuits
4 Walt Disney DIS 29.838 -1 New online video distribution hurts old media models
5 PNC Financial Services Group PNC 29.45 +4 Concern about pressure from government to increase lending
6 Bank of America Corp. BAC 29.227 +10 Concerns rise about mortgage settlement with Washington
7 HealthSouth HLS 23.678 +681 Released 10-K causes concerns
8 Ford Motor F 23.369 +82 GM profits show its competitive powers return
9 BP BP 23.067 -2 Still dogged by worries about regulators and Gulf spill
10 NYSE Euronext NYX 22.235 +7 Merger with Deutsche Borse may be troubled

Data and ranking provided by the Flame Index.

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