3M Company took 22ndplace in Business Week magazine’s list of the world’s most innovativecompanies. The magazine noted that CEO George Buckley has “been on amission to kick-start growth.” He plans to increase spending on research anddevelopment to $1.4 billion, or almost 6% of sales. The publication’sselections were based on three-year revenues, margin growth, stock returns andother variables, according to the publication.

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