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Brad Lander wins Democratic primary for NYC comptroller


Brad Lander wins Democratic primary for NYC comptroller
A voter scans a completed ballot during the New York City mayoral primary election.
New York City Council member Brad Lander won the Democratic primary for New York City s comptroller, according to an unofficial vote count posted Tuesday by the city s board of elections.
Mr. Lander was leading Corey Johnson, the city council president, by 51.9% to 48.1%. Mr. Johnson conceded.
Although voting took place June 22, the delayed posting of results was due to New York City using a ranked-choice voting system, the counting of a large amount of absentee ballots and the board of elections mistakenly counting 135,000 sample ballots in the tally for citywide offices, including those of mayor and comptroller. ....

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Lawsuit says Tyson Foods misled shareholders about COVID-19 protocols


Lawsuit says Tyson Foods misled shareholders about COVID-19 protocols
By Jonathan Stempel
FILE PHOTO: Fog shrouds the Tyson slaughterhouse in Burbank, Washington
NEW YORK (Reuters) – U.S. meat and poultry processor Tyson Foods Inc was sued on Tuesday for allegedly defrauding shareholders with misleading disclosures about its ability to combat the spread of the coronavirus in its facilities.
The lawsuit, which seeks class-action status, was filed in Brooklyn federal court by Mingxue Guo, who lives in Canada, and seeks unspecified damages for Tyson shareholders from March 13 to Dec. 15, 2020.
It followed a Dec. 15 letter from New York City Comptroller Scott Stringer to the U.S. Securities and Exchange Commission that asked the regulator to investigate Tyson’s health and safety disclosures to investors, which include the $229 billion New York City Retirement Systems. ....

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Two NYC Pension Funds Divesting $4 Billion from Oil Companies


Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
Oil companies are quickly losing investors, including two pension funds in New York City, as more asset managers are pivoting to renewable options in the battle against climate change and for environmental, social, and governance (ESG) investing. 
The two pension funds will divest an estimated $4 billion from fossil fuel companies. NYC Comptroller Scott Stringer on Twitter called the move “one of the largest divestments in the world.”
The move to sell holdings in oil companies mirrors the divestment from tobacco companies two decades ago.  ....

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