ALSO NOTED: Goldman Sachs raises$4.5 billion for new hedge funds; KKR's IPO plans still intact; and much more...

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Company News:
> Goldman Sachs raises $4.5 billion for new hedge funds. Article
> Cerebus offers to re-do deal with United Rentals. Article
> Wells Fargo CEO: Housing slump is worst since depression. Article
> More on Barclay's $2.7 billion writedown. Article
> KKR's IPO plans still intact. Article
> Analysts praise Citigroup investment bank restructuring. Article
> Investors take over collpased Bear Stearns funds. Article

Industry News:
> Credit crunch to affect global economy. Article

Regulatory News:
> SEC eases rule for foreign companies. Article

And Finally... Think your job is bad? Article