Hachette Group has agreed to buy News...

Hachette Group has agreed to buy News Corp.’s 50% interest in the Elle magazine joint ventures in the United States and the United Kingdom. The price and terms of the transaction were not disclosed . . . Chicago-based IC Industries Inc. will change its name to Whitman Corp. on Dec. 1 . . . Minneapolis-based Honeywell said it expects third-quarter earnings to decline substantially from the $70 million reported a year ago due to additional charges at its Defense Avionics Systems division . . . The directors of Phoenix-based Ramada Inc. have rejected a $368-million takeover offer by the owners of the Hyatt hotel chain . . . Investment LP of Ft. Worth has asked the FTC for permission to raise its stake in Beverly Hills-based American Medical International to 14.99% from 7.3%.