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USA Stock Report

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Financial Industry Regulatory Authority (FINRA) has announced sanctions against five firms – Citigroup Global Markets, Inc.,; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC – for using municipal and state bond funds to pay lobbyists. Basically, these firms charged municipal...

The Onex Corporation (TSE:OCX) has announced that it has agreed to purchase USI, one of the foremost insurance brokers in the U.S., for $2.3 billion. The deal is expected to be finalized by the end of this year, subject to routine formalities and regulatory approvals. USI, with its headquarters in Briarcliff Manor, New York, was founded in 1994. It has a workforce of...

Vornado Realty Trust (NYSE:VNO) has announced that the partnership that owns the 43-story, 2.1 million square foot, midtown office building at 1290 Avenue of the Americas has completed a $950 million refinancing of the property. The 10-year interest-only loan has a 3.344% interest rate and net proceeds from the refinancing were approximately $522 million after repaying...

Goldman Sachs Group, Inc. (NYSE:GS) announced yesterday afternoon that its long-time Chief Financial Officer, David Viniar, will retire as CFO at the end of January 2013, but continue with the firm as a non-independent director. He will be replaced by Harvey Schwartz, currently the global co-head of Goldman Sachs’ Securities Division. Mr. Viniar has been with Goldman...

U.S securities regulators are due to announce that Goldman Sachs will have to pay $22 million to settle  the allegations against them  citing that they didn’t frame enough policies or execute them to prevent research being passed into hands of preferred clients inappropriately. The case by the Securities and Exchange Commission  is similar to the one filed by the...