White House Announces Supplier Payment Program, Tariffs on South Korean Steel Pipe and Tube
The Obama administration is set to announce a voluntary program in which companies commit to speed up payments to smaller suppliers. Apple and Coca-Cola are among the two dozen companies that have already signed up.
The U.S. Commerce Department is deliberating tariffs on South Korean steel pipe and tube, as the products are made partly from subsidized Chinese steel.
Amazon has asked the Federal Aviation Administration for permission to use drones to deliver packages.
Now, for some sports procurement: Liverpool has agreed to sell Luis Suárez – the Uruguay striker who made an early exit from the World Cup after he lost his balance and hit his teeth against the shoulder of an opponent – to Barcelona for £75 million ($128.3 million). And LeBron James will leave the Miami Heat and return to the Cleveland Cavaliers.