Designer Karl Lagerfeld and Revillon, a manufacturer...

Designer Karl Lagerfeld and Revillon, a manufacturer of furs accessories and perfumes, formed a partnership. . . . Time Inc. disbanded its magazine development unit and halted market tests of three new magazines because of a poor outlook for national advertising growth this year . . . Honda Motor Co., citing the dollar’s sharp decline against the Japanese yen, said its fiscal third-quarter profit tumbled 49.4% from a year earlier . . . Beverly Corp. of Pasadena has sold four nursing homes in New Mexico to Horizon Health Care Corp. of Tacoma, Wash. . . . Carolco Pictures Inc., Los Angeles, which last July bought a 25% share in International Video Entertainment Inc. from Noel C. Bloom, said it purchased Bloom’s remaining 75% interest in the videocassette manufacturer and distributor for an undisclosed price . . . Loral Corp. has received funding totaling $21.9 million from the Air Force for materials used in producing Loral’s ALR-56C radar warning receiver for F-15 tactical aircraft.