Lone Star

(Newser) - After just two episodes, Fox’s Lone Star has been canceled —but that’s nowhere near surprising, writes Jace Lacob on the Daily Beast . The broadcast network business has become increasingly “cutthroat,” and Lone Star was severely ratings-challenged (although people seemed to like it ). “Unlike...

(Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal. The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in...

(Newser) - HSBC is in talks to buy a controlling stake in Korea Exchange Bank from the U.S. private equity group Lone Star. A local newspaper has reported that the deal would be worth $4.5 billion. HSBC wants to strengthen its presence in the Korean economy, and Lone Star has...