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 | Sep 20, 2014 | 6:51 AM
BERLIN (Reuters) - Unused funds in the euro zone's rescue mechanism could be used to boost investment across the continent and help it recover from the worst financial crisis in a generation, according to a German newspaper report on Saturday....
Story | Sep 19, 2014 | 3:35 PM
EDINBURGH, Scotland European leaders worried about other would-be breakaway regions were able to breathe again Friday after Scottish voters' resounding rejection of independence, but in the still-intact British Isles, the reaction was mixed for many,...