- Peter Kinder resigns federal agency post, concludes position unnecessary and waste of tax dollars (6/16/18)2
- Longtime downtown Cape bartender Marcellus Jones remembered by friends (6/12/18)2
- Committee to start planning process for indoor aquatic center in Cape (6/20/18)1
- Stormy Daniels to visit East Cape Girardeau (6/13/18)20
- Southeast to spend $150,000 to refresh brand with Ohio firm (6/19/18)6
- A community rallies behind Honorable Young Men's Club (6/16/18)1
- New urban dance studio opens on Broadway (6/15/18)2
- Jackson natives compete in 260-mile canoe race (6/16/18)1
- Mother, child reportedly hit by car in Cape Girardeau (6/18/18)
- Neal Boyd blessed us all with his God-given talent (6/19/18)
Merrill Lynch assistant to testify in Martha Stewart case
NEW YORK -- The stock of Martha Stewart's media empire fell sharply Thursday after a published report said an assistant at Merrill Lynch has agreed to testify against her in the ImClone insider-trading case.
Prosecutors had sought to charge the assistant, Douglas Faneuil, with a felony of making false statements to investigators but agreed to a misdemeanor charge in exchange for his cooperation, The Wall Street Journal said, citing unidentified sources.
The charge is expected to be filed within days, the newspaper reported.
Martha Stewart Living Omnimedia declined 7.7 percent, or 60 cents a share, to close at $7.20 on the New York Stock Exchange.
Through his lawyer, Faneuil declined comment, as did federal prosecutors and a Stewart spokesperson.