Time Inc in talks to buy American Express magazines: report
(Reuters) - Time Inc, the magazine publisher that is preparing to spin out from its parent company Time Warner Inc, is in talks to acquire American Express' titles such as Food & Wine, according to a report in the New York Times.
Time Inc publishes People and Sports Illustrated and has worked with American Express in a management agreement on back office functions like circulation for 20 years.
A spokeswoman for Time Inc declined to comment.
American Express magazines also include Travel & Leisure and the luxury title for its card holders, Departures.
(Reporting by Jennifer Saba in New York; Editing by Carol Bishopric)
WASHINGTON - The U.S. Federal Reserve announced plans to trim its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay lower for even longer than previously promised.
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.