Story | Sep 4, 2012 | 9:51 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 | Sep 5, 2012 | 4:07 PM
Story | Aug 20, 2014 | 6:20 PM
WASHINGTON President Barack Obama on Wednesday vowed justice for the Islamist killers of American journalist James Foley, as officials revealed that U.S. forces had launched a secret raid inside Syria last month to rescue him and other captives only to...
Story | Aug 20, 2014 | 4:05 PM
WASHINGTON U.S. aircraft kept up a steady stream of strikes against Islamic State targets in northern Iraq on Wednesday as President Barack Obama condemned the beheading of U.S. journalist James Foley and indicated that the United States would run his...