PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV (MI:RACE) will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
The oil tanker Grace 1, the more than 2 million barrels of oil it carries and $995,000 are subject to forfeiture based on a complaint by the U.S. government, U.S. Attorney for the District of Columbia Jessie Liu said in a news release on Friday.
In early April, a paleontology graduate student, Robert DePalma, published a major find in The Proceedings of the National Academy of Sciences and hyped the discovery in The New Yorker. Locked in layers of North Dakota rock, he had found an impressive collection of ancient fish, microorganisms and plants that date to the same time period as the infamous global extinction event that killed the dinosaurs. That extinction is widely believed to have been caused by an asteroid impact, and DePalma’s site seems to offer further evidence supporting that theory.