Bloomberg Businessweek



• Meredith, the publisher of Better Homes & Gardens, agreed to buy Time Inc. for $1.9b in cash and shoulder the company’s $2.8 billion in debt. The deal was financed with help from conservative billionaires Charles and David Koch, who invested $650 million.

• Mexico Minister of Finance José Antonio Meade resigned from office to seek the nomination of the ruling Institutional Revolutionary Party

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