BRIEF-IBM says plans to acquire Promontory Financial Group, a risk management and regulatory compliance consulting firm
* Ibm says it plans to acquire Promontory Financial Group, a risk management and regulatory compliance consulting firm
April 17 Procter & Gamble Co plans to increase the time it takes to pay its suppliers by as much as 30 days, which could free up to $2 billion in cash, the Wall Street Journal reported, citing people familiar with the matter.
The world's largest household products company is seeking to pay its bills in 75 days from the average of 45 days it takes currently, the paper said. ()
P&G recently began negotiations with its suppliers about the new payments terms, which are expected to be implemented over three years and could affect hundreds of companies, the Journal reported.
To help P&G's suppliers cope with changes, the company is working with banks to offer cash to suppliers after 15 days from delivery for a fee, the paper said.
P&G could not be immediately reached for comment outside of regular U.S. business hours.
* Boeing says 15 new orders for the week through September 27, 2016 by unidentified customer(s) for fifteen 737s
WASHINGTON, Sept 29 The U.S. Federal Communications Commission said on Thursday it would delay a final vote on a landmark reform of the $20 billion television set-top box market.