Omega Finance: Read the latest international business news & stock market news.

Loophole lets energy customers avoid exit penalties

Loophole lets energy customers avoid exit penalties A legal loophole could help some households to switch to a cheaper gas and electricity tariff after a price rise without incurring any exit fees. Read more…

ABI: Life insurance is sensible no matter what your age

ABI: Life insurance is sensible no matter what your age Taking out life insurance when you’re younger is a sensible option, the Association of British Insurers (ABI) has said. Read more…

Will the real ‘customer focused’ company please step forward?

I ask business owners, managers, and sales people this question all the time. “Why do your customers do business with your company as opposed to one of your competitors?”

“It is our customer service!”

This is how far too many business owners, managers and sales people respond. But consider the logic.

Read more…

Financial News Roundup: Layoffs Increase, Find Wise Financial Planners

Today’s top news headlines features the top cities with the most millionaires and reasons layoffs may begin to rise again. Plus, discover the most effective way to find a trustworthy financial professional.

Experts Say More Layoffs Possible The Huffington Post Economic stagnation has prompted many employers to impose hiring freezes, but experts say some may take it a step further by laying off more employees. Although analysts are unable to corroborate their claims, most attribute the rising unemployment rates in May and June to increased layoffs, which have outpaced low rates of hiring.

Where Do The Nation’s Millionaires Reside? 24/7 Wall Street Many of the country’s millionaires have opted to stay in the U.S. and m

Read more…

Turning Up the Heat

Wow, it’s hot outside.

Not just “Iowa summer humid and toasty” … it’s just plain ol’ HOT and STICKY.

For the record, I’m not a fan.

Sometimes our projects feel the heat as well, especially when a critical deadline or due date is approaching. People get testy, collars get loosened, sleeves get rolled up… and everyone knows the project manager means business.

But WHY do we feel the heat when a major deadline approaches?

The short answer: We’re not confident we’ll meet that deadline.

The longer answer is multi-faceted. At worst, somebody – either intentionally or unintentionally – has procrastinated.

Almost a quarter century into my career, I’m still not quite sure what causes procrastination on projects, especially if a (credible) timeline has been estimated AND communicated.

Read more…

Signs in place that consumer inflation is here to stay

Manufacturing activity and consumer optimism took a nosedive despite a continued upward creep in national consumer prices. The creep has slowed to less than zombie-like pace, however, which indicates that the economy still needs a jolt.

According to Ameriprise Financial senior economist Russell Price, the decline in manufacturing plus low optimism are much ado about something nobody wants to hear.

“Both of them are reflective of the slowdown in the economy that we have experienced over the last few months,” he said.

The Consumer Price Index, according to the U.S. Department of Labor, was up 0.2 percent in May, versus 0.4 percent in April and 3.6 percent one year previous. May’s under-performance is the lowest CPI since November, according to the Bureau of Labor Statistics.

Rising food prices — up 0.4 percent — didn’t help. Strangely,

Read more…