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Amplification: Since 1996, Financial Times Information has been spending three to four times what it's ever spent in the past on business development, according to Martin Brooks, chief executive. "FT Information has been sustaining a heavy level of new product and content development," he says. An article in the last issue on FT Information quoted sources who said the company had de-emphasized the need to invest in product development three years ago.

A hearing to allow Reuters to appeal the

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