Business 2.0 closing

Time Inc. is closing down Business 2.0, a monthly magazine about the "new economy" and will absorb part of its San Francisco-based staff into Fortune magazine. Since the magazine was founded in 1999, it has lost about US$110 million. Time Warner (as it was) bought the-then biweekly title in 2001 for US$68 million from the British company that started it and merged it with its struggling startup e