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Corporate innovation spending falls 3.5 percent

from Gulf Daily News

Total research and development spending among the world's top spenders on innovation dropped in 2009 for the first time in 13 years, according to a study. The sixth annual study of corporate innovation spending, by global management consulting firm Booz & Company revealed that the 1,000 companies that spent the most on research and development decreased their total R&D spending by 3.5 percent to $503 billion in 2009. more

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