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Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.

Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

Resolute signs deal to sell U.S. recycled bleached kraft pulp mill for US$55M

MONTREAL — Resolute Forest Products Inc. has signed a deal to sell its recycled bleached kraft pulp mill in Fairmont, W.Va., for US$55 million.

The company says ND Paper LLC, a subsidiary of Nine Dragons Paper (Holdings) Ltd., has agreed to buy the mill.

Nine Dragons has nine paper mills in Asia as well as two U.S.-based facilities.

Disney offers tuition in tight job market

ORLANDO, Fla.—The Walt Disney Co. is offering to pay full tuition for hourly workers who want to earn a college degree, finish a high school diploma or learn a new skill, the entertainment giant said yesterday.

As many as 80,000 hourly workers in the United States could be eligible for the program, which pays upfront tuition for employees taking online classes starting this fall.