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 | Apr 27, 2015 | 11:55 AM
Japanese Prime Minister Shinzo Abe said Monday his administration is trying to improve the status of women in his country as it also seeks to protect women's rights on the international stage. Speaking during a brief appearance at Harvard University on...
Story | Apr 27, 2015 | 11:56 AM
Story | Apr 27, 2015 | 12:02 PM
The Obama administration moved on two fronts Monday to advance its nuclear diplomacy with Iran, with talks between top U.S. and Iranian diplomats and an aggressive effort to sell the emerging deal to skeptical American lawmakers and constituencies. U.S....