Steven Posner, a Florida real estate tycoon and the son of Victor Posner, a millionaire businessman who Economist magazine called a "pioneer of the hostile takeover," died Monday in a go-fast boat crash on Miami's Biscayne Bay.
A British sailor died after his yacht sank in stormy seas off the Canary Islands. The 64-year-old lost his life during a rescue operation sparked after he sent out a mayday call.
The experts told Jimmy Klotsas to just let the old boat go. One boatyard wanted $200,000 to restore it. Another refused to lift Tuna, an old-plank fishing boat made out of angelique wood, saying it would fall apart.
The Dallas-based broker for the sale of the historic Delta Queen said "more than a handful" of people with intense interest in the boat met last Friday's bidding deadline.
Coast Guard Lt. Thomas Stokes was relieved for cause as the commanding officer of Coast Guard Station New London, Conn., after an administrative review based on a loss of confidence in his ability to command the unit.
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