Italy Bests U.S. in America’s Cup

The America’s Cup Semifinals, which took place on Sunday in Valencia, Spain left US team BMW Oracle Racing disheartened after they lost to Italian team Luna Rossa by 33-seconds. Among the California-based crew was software billionaire Larry Ellison, owner of the USA-98 yacht had invested nearly $200 million in the team in hopes that they would take home the trophy. But after their humiliating loss, “disgruntled supporters and rival fans sent e-mail messages to the BMW Oracle team calling Ellison of an egomaniac,” according to The New York Times. The Louis Vuitton Cup final, which determines who will face the defending champion Alinghi in the America’s Cup, begins June 1.” — Laura Cimperman