Morning Business Headlines
Monday, June 17, 2013 10:48 AM
Microsoft Office (finally) comes to iPhone
Microsoft Corp. launched its Office Mobile for iPhone app on Friday in Apple Inc.'s App Store, CNNMoney reported. But, it has a catch. It's available and free only for users who subscribe to Office 365, Microsoft's cloud-based Office program that costs $100 per year. That means if you're using Office 2010 or Office 2013, you're out of luck. Read more
Johnson & Johnson to buy Aragon for up to $1 billion
Johnson & Johnson will buy Aragon Pharmaceuticals for $650 million in cash upfront and a possible second payment of $350 million if it meets certain milestones, Reuters reported. Aragon is a private company that is running a midstage clinical trial for a prostate cancer drug. Read more.
Dollar firms as Fed meeting nears
The dollar edged up against the yen and euro while European and Asian shares recouped a large slice of last week's losses on Monday, Reuters reported. Investors pinned their hopes on a cautious tone from the U.S. Federal Reserve this week.Read more.