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 | Apr 21, 2015 | 4:40 AM
Japanese Prime Minister Shinzo Abe sent religious offerings Tuesday to a Tokyo shrine that honors the country's war dead, including convicted World War II leaders, a likely signal that he won't pray there ahead of trips to an international conference...
Story | Apr 21, 2015 | 5:11 AM
World stock markets mostly rose Tuesday, boosted by optimism over recent market reforms in China as well as corporate earnings from U.S. and European companies. KEEPING SCORE: Germany's DAX rose 0.5 percent to 11,946.03, while benchmarks in London and...