Story | Dec 12, 2013 | 7:43 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 2, 2014 | 5:53 PM
Story | Sep 2, 2014 | 5:57 PM
Army National Guard units in Maryland and across the country are postponing drills this month to help the National Guard Bureau close an unexpected budget shortfall, officials said Tuesday. If Congress does not find the money to close the gap, they said,...
Story | Sep 2, 2014 | 6:36 PM
DUBAI (Reuters) - The Islamic State militant group released a video on Tuesday purporting to show the beheading of a second American hostage, journalist Steven Sotloff, raising the stakes in its confrontation with Washington over U.S. air strikes on its...