Stewart Judge Drops Fraud Charge

Kohl's advances; Noven Pharmaceuticals rises; plus more of today's stocks in the news

The judge in the Martha Stewart case dropped the securities fraud charge against the celebrity. She still faces the less serious charges of obstruction of justice and for lying to investigators about the timing of her sale of ImClone Systems (IMCL ). The judge said prosecutors had failed to present sufficient evidence to allow the jury to decide the matter. Shares of Stewart's company, Martha Stewart Living Omnimedia (MSO ), rose following the announcement.

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