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 | Sep 2, 2014 | 6:29 PM
HONG KONG (Reuters) - A pro-democracy movement that has threatened to blockade Hong Kong's financial district has said Beijing "brutally strangled" its fight for full democracy and vowed to take action. On Monday, Hong Kong police used pepper spray to...
Story | Sep 2, 2014 | 6:50 PM
BEIJING (Reuters) - Activity in China's services sector recovered slightly in August, a government survey showed on Wednesday, suggesting the sector remains relatively resilient compared to the manufacturing sector. The official non-manufacturing...