Microsoft is bringing a pared-down version of its Office software to Android phones, but it won't work on Android tablets just as it doesn't on iPads. The software requires a $100-a-year subscription to Office and won't be sold separately. The company has a version for iPads and Android tablets, called Office Web Apps, but that runs on a Web browser and requires a constant online connection. The new Android app can work offline.
DuPont wins fight for seed company
After a nearly three-year battle with South African regulators, DuPont Co. said Wednesday that it has completed the purchase of a majority stake in South Africa's Pannar Seed. Financial terms weren't disclosed, but DuPont Pioneer President Paul Schickler said it is one of the largest deals in the subsidiary's history and DuPont's largest investment on the African continent. DuPont's Pioneer subsidiary, based in Des Moines, is the second-biggest seed company in the United States after Monsanto Co.
Halliburton to plead guilty in oil spill case
A federal judge has scheduled a hearing on Sept. 19 for Halliburton Energy Services to plead guilty to destroying evidence after BP's 2010 oil spill in the Gulf of Mexico. The company was arraigned Wednesday in New Orleans on a misdemeanor charge. Although company attorneys entered a plea of not guilty, Halliburton has agreed to plead guilty to one count of destruction of evidence in a deal with the Justice Department. Halliburton also has agreed to pay the statutory maximum fine of $200,000, be on probation for three years and to cooperate with the government's criminal investigation. The deal is subject to the approval of U.S. District Judge Jane Triche Milazzo.
Economy's growth better than expected
U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent, as businesses spent more and the federal government cut less. The Commerce Department says growth improved from a sluggish 1.1 percent rate in the January-March quarter, which was revised from an initial 1.8 percent rate. Most economists had predicted a far weaker second quarter. Economists are hopeful that growth could improve to around 2.5 percent in the third and fourth quarters.
— From wire reports