Sports

Court Strikes Down Possible Payments to College Athletes

A federal appeals court agreed Wednesday that the NCAA's use of college athletes' names, images and likenesses in video games and TV broadcasts violated antitrust laws but struck down a plan to allow schools to pay players up to $5,000.

Prosecutor Sets Sights On Fantasy Sports

The New York federal prosecutor who shut down the U.S. online poker industry four years ago has now set his sights on the daily fantasy-sports business.

Storm of Criticism Engulfs DraftKings, FanDuel

A storm of online criticism has roiled the two largest fantasy-sports companies in North America, casting a spotlight on an industry already under scrutiny for lacking government oversight.  

Nike Beats 2Q EPS Estimates

The athletic wear giant reported second-quarter adjusted earnings per share of 90 cents, topping expectations by four cents. Revenue slightly missed views.