Story | Nov 12, 2013 | 1:55 PM
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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 | Sep 5, 2012 | 4:07 PM
Story | Aug 22, 2014 | 4:11 AM
BEIJING (Reuters) - U.S. chipmaker Qualcomm Inc is seeking to end an investigation by China's pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the...
Story | Aug 22, 2014 | 3:10 AM
HONG KONG (Reuters) - A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China. Suning Commerce Group Ltd, which owns the Redbaby...