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 | Dec 26, 2014 | 11:12 AM
German Finance Minister Wolfgang Schaeuble said he would be ready to cut income taxes by adjusting thresholds for inflation if the upper house of parliament agrees to scrap a practice that generates billions of euros in annual revenues. Thresholds in...
Story | Dec 26, 2014 | 3:49 PM
German Finance Minister Wolfgang Schaeuble expressed his reservations against the European Central Bank launching a bond buying stimulus program and praised Bundesbank president Jens Weidmann's arguments against such moves. In an interview with Bild...