Rumors aside, the owner of the world’s largest yacht is hedge fund manager Elena Ambrosiadou. There have been all kinds of rumors about the buyer and the sale price but Yacht Pals has disclosed the deal, believed to be worth $120 million. Ms....

A diving club from the Swiss city of Ascona got lucky on a routine trip to Verbano Lake last weekend. The routine trip turned out to be a treasure hunt when they found a 1925 Brescia Bugatti resting on the lake’s bed. The vintage Bugatti has...