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 | May 28, 2015 | 12:36 AM
Obama administration attorneys are urging a federal judge to throw out an election-year lawsuit by House Republicans over the president's health care law. Attorneys for the House counter that their unusual suit deals with critically important issues...
Story | May 28, 2015
The historic process of restoring long-severed diplomatic relationship between the U.S. and Cuba that began Dec. 17 will likely come to a successful end in a matter of weeks, a U.S. senator said during a visit to the island Wednesday. A 45-day period for...
Story | May 27, 2015 | 2:00 PM