NEW YORK, Aug 3 (Reuters) - Dallas Mavericks owner Mark
Cuban and Houston businessman Jim Crane plan to join together
to bid for control of the Texas Rangers baseball team, in an
auction for the team in a U.S. bankruptcy Court, a source
familiar with the matter said on Tuesday.

Four New York City employee pension funds paid $7.6 million to Shamrock Capital Advisors, a money manager that racked up losses of as much as 22.8 percent before it was dropped, according to City Comptroller John Liu’s office.

John Hussman runs a $6.3 billion mutual fund with the flexibility to bet on rising and falling stock prices. His fees are a fraction of those charged by so- called long-short hedge funds that do the same thing, and he’s making more money for investors this year.

AP - Worried about the stalling economic recovery, Americans remained reluctant to spend at stores in July, especially on pricier items like jewelry, though they let go of some money for travel, according to data released Wednesday.

BYD Co., the Chinese automaker backed by Warren Buffett, cut its annual sales target for 2010 by 25 percent as growth slows in the world’s biggest auto market.

India’s smallest companies may deliver investors the best returns as foreign inflows have pushed the benchmark index’s valuation to the highest among so- called BRIC nations, according to Emerging Global Advisors, LLC.