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 | May 7, 2015 | 2:51 AM
The dispute over the strategic waterways of the South China Sea has intensified, pitting a rising China against its smaller and militarily weaker neighbors who all lay claim to a string of isles, coral reefs and lagoons known as the Spratly and the...
Story | May 7, 2015 | 2:54 AM
China's leaders are trying to tap the brakes on a stock market boom that could run out of control and disrupt economic reform plans. After months of cheerleading for rising prices, the Communist Party newspaper People's Daily sounded a cautionary note...