** 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's titles such as Food & Wine, according to a report in the New York Times.
** Furniture Brands International Inc filed for Chapter 11 bankruptcy protection on Monday and said it plans to sell most of its business, which includes names such as Thomasville, Drexel Heritage and La Barge.
** Malaysian builder IJM Corp Bhd said it is selling a 40 percent stake in Kuantan Port Consortium Sdn Bhd to China's Guangxi Beibu Gulf International Port Group Ltd for 334.4 million ringgit ($101.53 million). ($1 = 3.29 Malaysian ringgit) (Compiled by Maria Ajit Thomas in Bangalore)
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