A $24 million yacht goes up in flames

11:00 AM ET Fri, 20 June 2014

A yacht named "Polar Bear" caught fire in a Chula Vista, Calif., boat yard on Thursday. The $24 million vessel suffered heavy damage in the fire. The owner was the former chairman of a successful semi-conductor company and had recently taken the yacht on a winter trip to Costa Rica, he told NBC San Diego.