Story | Nov 25, 2013 | 11:40 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 12, 2014 | 5:10 AM
GENEVA (Reuters) - Airlines cannot be held responsible for identifying passengers using false documents because they have no access to a database of stolen documents that is only available to governments, industry group IATA said on Wednesday. The fate...
Story | Mar 12, 2014 | 5:13 AM
Story | Mar 12, 2014 | 5:23 AM