CVS Delta Air Lines rise Fastenal Grubhub fall

NEW YORK — Stocks that moved substantially or traded heavily on Thursday:CVS Health Corp., up $2.59 to $57.97.The White House withdrew a plan that would have allowed patients to receive rebates that drugmakers now pay to insurers and distributors.Delta Air Lines Inc., up 69 cents to $60.16.The airline reported record revenue and a big increase in profits as it benefited from strong demand for air travel.Grubhub Inc., down $3.06 to $74.The New York Post reported that New York State regulators could restrict the fees that food-ordering companies can charge.Fastenal Co., down 89 cents to $30.36.The maker of industrial and construction fasteners reported lower profit margins as its costs increased.Bed Bath & Beyond Inc., down 35 cents to $11.17.The home goods retailer reported revenue that fell short of forecasts.AAR Corp., up $3.41 to $42.62.The airplane maintenance company reported earnings and revenue that came in well ahead of analysts’ estimates.Vishay Intertechnology Inc., down 73 cents to $15.35.The semiconductor maker said it now expects its second-quarter results to come in below its previous forecasts because of weak demand.Digital Realty Trust Inc., down $1.09 to $121.03.Real estate companies and other safe-play stocks lagged the rest of the market.The Associated Press read more

Gay man in fight for equal pension rights for husband confident of Supreme

first_imgLiberty points out that his husband would receive a pension of only a few hundred pounds a year – but if he was married to a woman, she would be entitled to receive around £45,000 a year for life.Before the hearing, Liberty lawyer Emma Norton said “many, many others will be suffering the same injustice”, adding: “We hope the Supreme Court will drive the law into the 21st century and take a huge step towards equal pension rights for same-sex spouses and civil partners.” Liberty said the case “challenges an exemption in the Equality Act that lets employers exclude same-sex partners from spousal benefits paid into a pension fund before December 2005, when civil partnerships became legal”.It will be argued that the exemption is “discriminatory”. Mr Walker wants to ensure that, should he die first, his husband, 52, will be adequately provided for.Mr Walker earlier said: “The Government should be ashamed that, in 2017, I and so many others are being forced to live with the worry that our loved ones won’t be provided for when we’re gone, solely because of our sexuality.”My husband and I have been together for 24 years. During that time, I also gave more than two decades of my life to Innospec, paying in exactly the same amount into the company pension fund as my heterosexual colleagues.”How can it be right that my husband will get practically nothing but, if I were to divorce him and marry the very first woman I see, she would be immediately entitled to the full spousal pension? It’s not just unfair – it’s absurd.” Winning the case would be the “icing on the cake” after being able to enter into a civil partnership and then “upgrade” to marriage.He said: “It would give us total equality with our heterosexually married friends, and complete security.”A ruling in his favour would not only be important on a personal level, but it would also be “incredibly important” for many others in same-sex relationships in a similar position, some of whom had already lost partners.Mr Walker suffered a defeat at the Court of Appeal in 2015, when judges ruled that his claim failed because it applied to a period before gay civil partnerships were recognised by the law.He retired from chemicals group Innospec Ltd in 2003 after working for the company for more than 20 years. He had made the same contributions to the pension scheme as his heterosexual colleagues.Mr Walker and his husband, a former computer executive, have been together since 1993. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. I and so many others are being forced to live with the worry that our loved ones won’t be provided for when we’re gone, solely because of our sexualityJohn Walker John Walker suffered a defeat at the Court of Appeal in 2015 Credit:Martin Keene/PA The Civil Partnership Act 2004 came into force on December 5 2005. Mr Walker and his partner entered into a civil partnership in January 2006, which was later converted into a marriage. A gay man fighting to win his husband the same pension rights a wife would enjoy in a heterosexual relationship described feeling “confident” as he began the final round of his legal battle.Ex-cavalry officer John Walker, 65, is hoping that five justices at the Supreme Court in London will overturn an earlier ruling against him.Human rights organisation Liberty, which is representing Mr Walker, says a successful outcome could “dramatically change the lives of thousands of same-sex couples”.As Mr Walker arrived at the UK’s highest court on Wednesday, he said: “I am feeling confident. I think common sense will prevail.” John Walker suffered a defeat at the Court of Appeal in 2015last_img read more