Investing

The 24/7 Wall St./Flame Index: March 10 GM CFO Goes

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.

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