The Bottom Line
Americans drove 11 billion fewer miles in March 2008 than they did in March 2007. . . .
Americans drove 11 billion fewer miles in March 2008 than they did in March 2007. The 4.3 percent decline is the largest since records were first kept, in 1942.CNN.com
Is Oprah losing her Midas touch? Ratings for The Oprah Winfrey Show are off 7 percent this year, and the circulation of O magazine is down 10 percent in three years.The New York Times
Strikes at GM and one of its major suppliers cost the automaker $2 billion in the second quarter. The news sent GM shares to $17.60, their lowest price in 26 years.The Wall Street Journal
A London mansion last week claimed the title as world’s most expensive home, changing hands for $231 million. American-born Noam Gottesman, a hedge fund manager, sold the mansion in Kensington Palace Gardens to Indian industrialist Lakshmi Mittal.The Times (London)
Apple-watchers are buzzing over what might be in 188 ocean shipping containers delivered to the company since March. The best guess is that the containers hold millions of Apple’s next-generation iPhone.Fortune.com
Cheating by refiners and shippers on state and federal fuel taxes costs governments up to $10 billion a year.Bloomberg.com