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Microsoft overhauls Office, adds cloud services

Microsoft has introduced a new version of its Office suite designed for tablets and other touch screen devices, in the company's largest-ever overhaul of the workplace software it relies on for much of its profit, Reuters has reported. The revamped Office, touted by Microsoft CEO Steve Ballmer as the most ambitious version so far, takes advantage of cloud computing and is designed for use with the upcoming Windows 8 operating system. "The Office that we'll talk about and show you today is the first round of Office that's designed from the get-go to be a service," Ballmer said at a news conference. "This is the most ambitious release of Microsoft Office that we've ever done."