Time Inc. Magazines and F.E.P., a Hachette-controlled...

Time Inc. Magazines and F.E.P., a Hachette-controlled company, have agreed in principle to form a joint venture to publish Japanese-language magazines in Japan called Time-Hachette, Japan, K.K., beginning in September . . . The Investment Company Institute said the assets of the nation’s 453 money market mutual funds grew $2.26 billion to $287.62 billion in the week ended Feb. 8 as they set a record for the fifth consecutive week.