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 | Apr 24, 2015 | 7:41 PM
Around the world on Friday, tens of thousands of people of Armenian descent commemorated the genocide 100 years ago of 1.5 million Armenians by Ottoman Turks. The annual April 24 commemorations mark the day when the mass killings started. An estimated 1....
Story | Apr 24, 2015 | 3:44 AM
Late to the rescue, European leaders came through Thursday with pledges of big ships, aircraft and a tripling in funds to save lives in the Mediterranean after the deaths at sea of more than 1,300 migrants over the past three weeks, and agreed to lay...