Story | Apr 27, 2015 | 11:54 AM
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Story | Nov 12, 2013 | 8:55 AM“Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
Story | Apr 23, 2015 | 5:05 AM
WASHINGTON Is President Barack Obama's vision for high-speed rail dead? If so, you couldn't tell it from a group of rail supporters gathered in Washington this week. And for the first time, they can point to tangible progress. California's $68 billion...
Story | Apr 14, 2015 | 12:18 PM
Story | Apr 7, 2015 | 2:30 AM