
Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster
CBSN
Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges.
Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people.
But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied.

Felix Baumgartner, the daredevil who made a record-breaking parachute jump from the stratosphere in 2012, died Thursday in a paragliding accident in Italy, a local mayor confirmed. Firefighters who responded to the scene said they found a paraglider that had crashed into the side of a swimming pool in the city of Porto Sant Elpidio, on central Italy's eastern coast.

Baghdad — A fire at a newly opened mall in eastern Iraq's Wasit province killed more than 60 people, including women and children, Iraqi officials said Thursday. The nation's Interior Ministry said in a statement that 61 people died, most of them from suffocation, in the blaze that broke out late Wednesday in the city of al-Kut.

Moscow — An American who spied on Ukrainian troops to help Moscow's military offensive in the country has been granted Russian citizenship, Moscow-installed authorities said Tuesday. Daniel Martindale spent two years in Ukraine after Russia launched its full-scale invasion in February 2022, transmitting coordinates of military facilities to Russia's secret services, according to reports in Russian state media.