- College algebra to be removed from Southeast required curriculum (10/10/17)1
- State declares test results for schools invalid (10/4/17)2
- Cape Chinese restaurant purchases old Ponderosa property in Perryville (10/10/17)
- Child-custody advocate: State law needs fix to provide parents with more equal custody (10/12/17)
- One of Cape's oldest mom-and-pop restaurants opens in new location (10/10/17)
- Cancer will 'change your life, but it doesn't have to rule it' (10/8/17)
- Ships to stay docked in Cape a week longer (10/10/17)
- Past Rowdy the Redhawk mascot's identity revealed (10/15/17)
- Bills addressing equal child custody to be filed, legislators say (10/13/17)
- Scott City council passes measures to block treatment plant project (10/10/17)1
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.