Story | Oct 25, 2014 | 8:47 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 | Oct 25, 2014 | 12:05 PM
WASHINGTON In a Congress packed with millionaires and near-millionaires, six lawmakers stand out on the other end of the spectrum they didn't report a single asset on their financial disclosure forms. The lack of a reported investment asset alone doesn't...
Story | Oct 24, 2014 | 4:29 PM
ATLANTIC CITY N.J. (Reuters) - Hundreds of unionized workers lashed out at Carl Icahn on Friday, picketing the Trump Taj Mahal Casino where the billionaire activist seeks to terminate health-care and pension plans. Members of UNITE HERE Local 54...
3 questions: Where Costa Mesa City Council, Orange County Board of Supervisors and State Assembly candidates stand on the issues
Story | Oct 25, 2014
Costa Mesa City Council One incumbent and eight challengers are running for two spots on the five-member council. The Daily Pilot asked each candidate the same three questions: 1) Based on the decisions of this most recent council, do you think...