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Stock market plunges...Former bank president goes to jail... Western wildfires challenge crews

By The Associated Press | Posted - Aug. 20, 2015 at 8:51 p.m.



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NEW YORK (AP) — The Dow Jones industrial average is now at its lowest level since October 2014. The blue-chip index plunged 358 points, or 2.1 percent, today. It wasn't alone. The S&P 500 also dropped 2.1 percent and the Nasdaq lost 2.8 percent. The global market rout started in China. The Shanghai index fell more than 3 percent. The sell-off then spread to Europe and the U.S.

NEW YORK (AP) — A one-time small community bank president is the first person convicted of trying to rip off the federal bailout program. A federal judge in New York sentenced Charles Antonucci (an-tuh-NOO'-chee) to 2 1/2 years in prison. He will also pay $54 million in restitution. Antonucci, who resigned in 2009 from The Park Avenue Bank in Manhattan, pleaded guilty and has apologized.

UNDATED (AP) — There are wildfires burning across the parched West and thousands of firefighters are trying to control blazes in Washington, California, Oregon, Idaho and Montana. Three firefighters died in Washington. There are 15 wildfires now burning in California. Crews there are dealing with abnormally high temperatures and drought-stressed fuels that haven't burned in 30 years.

ATLANTA (AP) — The head of Emory Health Care's cancer center in Atlanta says former President Jimmy Carter's prospects are good even at the age of 90. Dr. Walter Curran Jr. says that's because treatments for melanoma have improved tremendously. But he cautions against the idea that Carter can be "cured." Carter is receiving radiation and chemotherapy for small tumors in his brain.

MIAMI (AP) — The first hurricane of the Atlantic season does not currently pose a threat to any land. But it is getting stronger. Danny's maximum sustained winds are near 85 mph and are expected to strengthen over the next 24 hours before weakening. The National Hurricane Center says Danny is centered about 1,000 miles east of the Windward Islands.

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The Associated Press

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