Word: faneuil
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DIED. BENJAMIN C. THOMPSON, 84, architect who transformed a decrepit waterfront in Boston into the vibrant Faneuil Hall; in Cambridge, Mass. Critics sneered at the mall as a sanitized replica of a European market, but Thompson repeated the formula across the country, including at Washington's Union Station...
...assistant before the Stewart sale, Bacanovic asked, "Has news come out yet? Let me know, thx, P." The assistant replied, "Nothing yet. I'll let you know. No call from Martha, either." The FDA rejection was announced after the market close on Dec. 28. Bacanovic's assistant, Douglas Faneuil, at first backed Stewart's story. But published reports say he later recanted, telling prosecutors that Bacanovic prompted him to advise Stewart that Waksal family members were selling the stock and she should do likewise...
...Faneuil says he knew of no stop-loss order by Stewart, and Merrill officials have found no reliable evidence that such an order existed. They have turned documents from their internal probe over to government investigators. Neither Bacanovic nor Faneuil nor their lawyers would comment...
Stewart has explained that she had given her stockbroker advance instructions to dump ImClone if it fell below $60 a share. At first, the broker, Peter Bacanovic, 40, and his assistant, Douglas Faneuil, 26, backed Stewart's story, investigators say. But Faneuil is now telling his bosses at Merrill Lynch that Bacanovic pressured him to back up Stewart's account...
Stewart had no public comment on Faneuil's allegations. But, alarmed by the precipitous decline in the stock of her company, Martha Stewart Living Omnimedia, she unexpectedly turned up at a conference for institutional investors at Chicago's Four Seasons Hotel and talked up the prospects for her magazine, which has been showing strong advertising growth. Many investors are staying on the sidelines until Stewart is clear of the ImClone case...