♦ Better news from abroad today: global stocks rebounded overnight, with shares in Hong Kong climbing more than 14 percent. [CNNMoney]
♦ Goldman Sachs will name its new partners today; it's expected to be the smallest such group in the firm's history. [Telegraph, Clusterstock]
♦ The average hedge fund was down 8.4 percent in October. Layoffs in the industry are mounting: Glenn Dubin's Highbridge Capital is the latest fund to announce cuts, trimming 10 percent of the company's staff. [NYP]
♦ Barclays is seeking to raise $10 billion from Russian banks. [WSJ]
♦ Fidelity may lay off 4,000 employees. [Boston Globe]