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 | Mar 26, 2015 | 3:05 PM
Ohio Gov. John Kasich is calling on Hillary Rodham Clinton to support his effort to require a balanced federal budget. The potential Republican presidential candidate's comments came Thursday during a visit to Maine, where he wants lawmakers to pass a...
Story | Mar 26, 2015 | 3:37 PM
Indiana Gov. Mike Pence has authorized a short-term needle-exchange program and other steps to help contain the spread of HIV among intravenous drug users in one county. Some answers to common questions about needles, drug abuse and the virus that...
Story | Mar 26, 2015 | 3:38 PM
Congress should cancel all VA employee bonuses and use the money to finish the budget-busting Denver veterans hospital, Colorado Rep. Mike Coffman said Thursday. Coffman and other lawmakers are angry that the Department of Veterans Affairs awarded...