What do you think? Leave a respectful comment.

News Wrap: Nine charged for Wall Street hacking scheme

In our news wrap Tuesday, federal prosecutors say hackers in Ukraine stole corporate news releases before news went public, then traders in the U.S. allegedly used that information to engage in insider trading. Also, EPA administrator Gina McCarthy apologized for a mine waste spill caused by Agency workers in Colorado.

Read the Full Transcript

  • GWEN IFILL:

    Wall Street was hit by a wave of selling today, triggered by China's currency devaluation. The price of oil and other commodities plunged, amid fears of slowing growth in China, and materials stocks followed suit. The Dow Jones industrial average lost 212 points to close near 17400. The Nasdaq fell 65 points, and the S&P 500 dropped 20.

  • JUDY WOODRUFF:

    Nine people are facing federal charges in a hacking scheme that gamed Wall Street for $100 million. Federal prosecutors in New Jersey and New York City say hackers in Ukraine stole corporate news releases before they became public. Then, traders in the U.S. allegedly used it to engage in insider trading. Five of the suspects were arrested today.

  • GWEN IFILL:

    The head of the Environmental Protection Agency apologized today for a waste spill caused by agency workers in Colorado. Three million gallons of yellowish toxic liquid released from a long-abandoned mine have polluted rivers in Colorado and New Mexico. The EPA's Gina McCarthy said crews are working around the clock.

  • GINA MCCARTHY, Administrator, Environmental Protection Agency:

    The EPA has taken steps to capture and treat the discharge at the mine itself, so that we are addressing the risk of any additional downstream impacts. And we have constructed four ponds at the site where we are actually diverting water and treating it to lower the acidity level and to remove the dissolved metals.

  • GWEN IFILL:

    The EPA says the tainted rivers are flowing too fast for the arsenic and heavy metals to pose an immediate health threat. But stretches of waterway will be off-limits for drinking water and recreational use until at least the middle of August.

  • JUDY WOODRUFF:

    Ferguson, Missouri, remained under a state of emergency for a second day, after a night of relatively peaceful protests. Crowds came out again to mark one year since the shooting death of 18-year-old Michael Brown. There were two dozen arrests, but no shooting or looting, as there had been the night before. On Sunday night, police critically wounded an 18-year-old after he allegedly fired on them.

  • GWEN IFILL:

    In Turkey, the military stepped up its assault on Kurdish militants. Warplanes struck sites of the Kurdistan Workers' Party, or PKK, in a province near Turkey's borders with Iran and Iraq. It was the latest move in a new government crackdown, and it followed attacks on Turkish security forces yesterday by the PKK and other groups.

  • JUDY WOODRUFF:

    The government of Greece and international lenders reached agreement today on a new bailout. Negotiators worked through the night to nail down the deal worth more than $90 billion.

    A European Commission spokeswoman said it still needs approval from Greece's Parliament and Eurozone countries.

  • ANNIKA BREIDHARDT, European Commission Spokeswoman:

    What we have at the moment is a technical level agreement reached by the staff of the institutions and the Greek authorities on the ground following the weeks of negotiations. What we don't have at the moment is a political agreement, and that's what we would need.

  • JUDY WOODRUFF:

    Greek Prime Minister Alexis Tsipras immediately called a vote in Parliament for Thursday night. He faces opposition within his own party to some of the terms of the deal, such as selling state property and cutting pensions.

  • GWEN IFILL:

    Chaos grew on the Greek island of Kos today as authorities struggled with a wave of migrants. Fights broke out after officials moved about 1,500 people to a stadium for processing. Some jostled for positions and police sprayed fire extinguishers to subdue the crowd. At least 124,000 migrants have reached Greece this year, up 750 percent from a year ago.

  • JUDY WOODRUFF:

    And there's word a truck driver had been awake for 28 hours before the wreck that severely injured comedian Tracy Morgan and left another person dead. The National Transportation Safety Board reported that today. Its reconstruction found the truck blew past warning signs and slammed into a limousine-van carrying Morgan on the New Jersey Turnpike last year. And it said no one in the van was wearing a seat belt.

Listen to this Segment

The Latest