The 24/7 Wall St./Flame Index: Companies With The Worst News (6/30)
Battles with the US government hurt several stocks. Raymond James will pay $300 million for disputes over auction rate securities. Monsanto is under investigation for potential illegal payments to customers. HealthSouth was charged for false Medicare claims. New York City wants $600 million back from SAIC for faulty payroll systems
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|
|11||Raymond James Financial||RJF||28.867||+274||Settles with SEC for bad behavior with auction rate paper. $300 million hit.|
|13||Monsanto||MON||27.749||+400||Big profit, but SEC look at sales incentives for customers|
|18||HealthSouth||HLS||25.784||+177||Charged with false Medicare claims|
|19||BJ’s Wholesale Club||BJ||25.514||+354||Sold to private parties|
|21||Freddie Mac||FRE||25.128||+302||More concern about liquidation|
|33||Computer Sciences||CSC||21.082||+115||Legal claims management misrepresented company’s financial situation|
|34||Apple||AAPL||20.571||+103||Suit by Samsung over patents|
|37||Philip Morris International||PM||20.147||+119||Australians want harsh warnings on cigarette labels|
|44||SAIC||SAI||19.116||+257||New York City claims it should get back $600 million for flawed payroll system|
|47||Ameren||AEE||18.731||+152||S&P questions value of shares|
Data and ranking provided by the Flame Index.