Firms see innovation as key to post- recession success
(NEWSER) - Revenues may be plummeting, but US companies spent as much on research and development in 2008’s fourth quarter as they did in 2007's, the Wall Street Journal reports. Analysts point to products like the iPod, introduced during the last recession, as proof that continued R&D outlay can lead to recovery triumph. Firms know cutting is “suicidal,” one analyst says. “It is the last shoe to drop.” More»
