Female Wal-Mart Workers in CA Denied Standing for Class Action and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $78.73
United States District Judge Charles Breyer in San Francisco said that female Wal-Mart employees in California, who are suing for gender discrimination, may not pursue their claims against the giant retailer as a group, because the evidence does not indicate that they have enough in common. Further, Breyer said that the women’s request for class certification suffered from the same deficiencies as a prior version of the case brought on behalf of a national group of over 1 million women, which was turned aside by the United States Supreme Court in 2011. In his decision, the judge said that “To show a common question underlying their disparate treatment claims, plaintiffs must provide ‘significant proof that Wal-Mart operated under a general policy of discrimination. They have not amassed sufficient anecdotal evidence of bias and stereotyped thinking among management to establish significant proof of a general policy of discrimination within any management group.”
The Boeing Co. (NYSE:BA): Current price $107.30
The air transport regulator of Canada is forming a safety directive, in regards to the emergency beacons at the center of an inquiry into a fire on a parked Boeing 787 Dreamliner in July at London Heathrow. A statement by Transport Canada said that the directive would list action that airlines or manufacturers are required to take, which will include inspections conducted by the manufacturer Honeywell International, and its Canadian sub-contractor Instrumar Ltd., Transport Canada. The regulator’s statement added that “Transport Canada is developing an airworthiness directive in consultation with the FAA and the European Aviation Safety Agency.”
UnitedHealth Group Inc. (NYSE:UNH): Current price $73.21
On Saturday, the inaugural UnitedHealthcare IRONKIDS Michigan Fun Run raced around Jean Klock Park in Benton Harbor. UnitedHealthcare mascot “Dr. Health E. Hound” helped kick-off the 1-mile course, targeted at reducing the rising incidence of childhood obesity through exercise and healthy lifestyles. UnitedHealthcare is sponsoring 10 IRONKIDS events, including nine running races and a triathlon, in seven states. The day’s Fun Run included hundreds of young “triathletes to be,” ages 3 to 15. The firm provided complimentary tickets to the race, and weekend-long IRONMAN activities to community organizations, helping children who often encounter barriers to good health compete in the event.