Former Congressman Alan Grayson to Launch his own Hedge Fund (FINAlternatives)
Eurozone Leaders Have Emergency Meeting (FT)
France’s president Nicolas Sarkozy flew to Frankfurt on Wednesday night for an emergency meeting with leading players in the eurozone crisis including German chancellor Angela Merkel, as Franco-German differences bedevilled attempts to agree a comprehensive package of measures. The meeting broke up after two hours with neither the German or French leaders making any comment.
Private Equity Firms Consider Yahoo (WSJ)
Private-equity firms are knee-deep in work on a potential buyout of Yahoo Inc., which has been weighing its strategic options in recent weeks. Almost every major U.S. private-equity firm, including Silver Lake Partners, Blackstone Group, TPG Capital, KKR & Co., Bain Capital, Carlyle Group, Hellman & Friedman, Providence Equity Partners and Warburg Pincus, has a team doing preliminary work on Yahoo, according to people familiar with the matter.
American Airlines Prices Fall (FT)
American Airlines blamed the high price of jet fuel and volatile currency exchange rates for its larger-than-expected loss in the third quarter, applying more downward pressure on its shares. AMR Corp, American’s parent company, has suffered a difficult few months as investor concerns about its high debt load, weak revenue growth and string of quarterly losses have led to violent swings in its stock price.