Goldman Sachs, Coller, Lexington May Bid for Lehman Private-Equity Stakes Goldman Sachs Group Inc., Coller Capital and Lexington Partners Inc. are weighing bids for Lehman Brothers Holdings Inc.’s investments in U.S. and European private-equity funds, people with knowledge of the matter said.

Janus, AllianceBernstein Cut Jobs; Layoffs at Funds to Get `A Lot Worse’ Janus Capital Group Inc. and AllianceBernstein Holding LP are firing workers to cut costs as the global bear market erases investor assets and profits across the mutual-fund industry.

Roubini Says `Panic’ May Force Market Shutdown, Hundreds of Funds May Fail Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.

GLG’s Roman Says 30% of Hedge Funds Will Close Amid Global Market Distress Emmanuel Roman, the co-chief executive officer at GLG Partners Inc., said as many as 30 percent of hedge funds will close and the U.S. will regulate the $1.7 trillion industry.

Sarkozy to Create Sovereign Fund to Aid French Companies That Need Capital President Nicolas Sarkozy said he will create a sovereign wealth fund to invest in French companies that could become targets of foreign “predators” after the global stock market rout.

Greenspan Urges Tighter Regulation After `Breakdown’ of Financial Markets Former Federal Reserve Chairman Alan Greenspan called for tighter regulation of financial companies, distancing himself from the free-market culture that he helped to create.

Eaton Vance, Deerfield Dump Loans as Prices Plummet, Accelerating Spiral Eaton Vance Management, Deerfield Capital Corp. and Babson Capital Management LLC are being forced to dump their loan investments as prices tumble, sparking even more selling and causing borrowing costs to rise.

Janus to Cut 9% of Workforce as Profit Falls by Half, Client Assets Drop Janus Capital Group Inc. plans to cut 9 percent of its workers and reduce annual expenses by as much as $45 million after stock-market losses and investor withdrawals reduced third-quarter profit by half.

AIG Asset Sales Stoke Anxiety in Stowe Mountain Resort It Built in Vermont A 140-foot crane swings over the bare plywood roof of a private clubhouse under construction at the foot of Mt. Mansfield, Vermont’s highest peak. In another building, crews install electrical wiring on a tight deadline: Stowe Mountain Resort opens its public ski lodge in December.