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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Silver Scott Mines, Inc. (SILS: OTC Pink No Information) | Carmen Gold-Silver Deposit Project Site Construction Update, Sonora Mexico

Category : Stocks

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Carmen Gold-Silver Deposit Project Site Construction Update, Sonora Mexico

PR Newswire

HERMOSILLO, Mexico, May 8, 2013


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Juniper Networks Introduces Controller Technology and New Capabilities for Software-Defined Networks

Category : World News

JunosV Contrail Family of Products in Trials With Fortune 500 Multinationals Including Service Provider and Enterprise Customers

Continued here: Juniper Networks Introduces Controller Technology and New Capabilities for Software-Defined Networks

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Laurus Strategies Acquires Human Resources Technology Consulting Company ihouse

Category : Stocks, World News

Acquisition of Human Resources (HR) Technology Consulting Provider Strengthens Laurus Strategies’ Mission to Provide Comprehensive Solutions for All Stages of the Employee Life-Cycle

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UK to sell nuclear fuel firm stake

Category : Business

The UK government is preparing to sell its one-third stake in Urenco, the world’s second-largest provider of nuclear fuel.

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Objectivity, Inc. to Present at NoSQL Matters Conference

Category : Stocks

SUNNYVALE, CA–(Marketwired – Apr 22, 2013) – Objectivity, Inc., provider of the leading object and graph databases, today announced that it will be representing as gold sponsor with two sessions at NoSQL matters. The conference will be held at the conference center Komed (Cologne Media Park) in Cologne, Germany from April 25-27.

Originally posted here: Objectivity, Inc. to Present at NoSQL Matters Conference

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Energy bills: prepay meters can cost poorer households hundreds

Category : Business

Customers who have to use prepayment meters are often offered only the most expensive tariffs

Millions of mostly poor UK households are paying up to £300 a year more than customers on the cheapest fuel tariffs, with thousands barred from switching to better deals.

People on standard meters have a choice of online, fixed, green, dual fuel and discounted tariffs, as well as often receiving a discount for paying by direct debit. But energy firms tend to offer just one tariff to prepayment customers, and it is usually much more expensive than the best buys.

How much extra prepayment customers pay depends on which expert you ask. Comparison site puts the figure as high as £300 a year, Moneysupermarket just over £200 and uSwitch at about £163.

But it’s not just bigger bills prepayment customers face; there are plenty of other downsides. For starters, if you run out of energy unexpectedly, your supply will be switched off until you press the emergency credit button which gives you time to pop out and top up the card or key.

“With the exception of British Gas, which offers an online top-up service, you have to make sure you are near a shop that offers a PayPoint,” says Clare Francis of “You will also need to ensure you have enough credit on your meter to carry you through holiday periods such as bank holidays and Christmas when many shops where you can top up are likely to be closed.”

Although energy companies claim many people prefer a prepayment meter as it helps them to budget, paying for energy this way is not always the customer’s choice. In many cases if a new customer fails a provider’s credit check, necessary to be accepted for monthly or quarterly billing, the supplier will insist on a prepayment meter.

Suppliers can also force existing customers on to prepayment meters if they have a significant debt on their account and have not attempted to pay it off or agree a repayment plan. Not letting them in your home won’t stop this happening – they can get a warrant to force entry, and charge you for it too.

Figures from uSwitch show that more than five million households(20%) are in debt to their energy supplier, 6% more than last year. This is not surprising when you consider the average household energy bill is £1,353 a year, almost £100 more than a year ago and £831 more than at the start of 2004.

Once an indebted customer has been switched to a prepayment meter, credit added will go partly towards the existing debt and partly towards the energy they are going to use.

The exact amount customers in debt have to repay each week needs to be negotiated with the supplier. If you receive benefits, the debt recovery rate would not normally be set above the minimum Fuel Direct level of £3.55 a week (Fuel Direct is a support service for those on benefits or low income, who struggle to pay for their energy).

If you have a prepayment meter, and are not in debt to your supplier, you’ll be able to save money by switching to a credit, or post-pay, meter and shopping around for the best deal.

Kate Rose, head of energy at, says: “If you are living in a property with a prepayment meter you can ask to have it replaced for a credit meter. However, you will need to pass credit checks and meet criteria such as being over 18, having no outstanding or recent debts to an energy company and be willing to set up a fixed direct debit for future payment.”

If someone has a poor credit history or is struggling financially, switching from prepay can be tricky. At the very least you will need to pay any energy debts before a supplier will switch you over to a post-pay tariff.

Who your supplier is plays a part when it comes to paying for new meters. British Gas, EDF Energy and E.ON all carry out the procedure free, while SSE and Scottish Power charge upwards of £45 per fuel to switch you over. Npower will remove prepayment meters free, but only if the meter has been inherited due to a house move.

If you’re a tenant you’ll need to ask your landlord’s permission before getting the meter changed.

However, prepayment customers can switch to a rival provider’s prepay tariff and transfer any existing debt to the new provider. Last November Ofgem upped the amount of debt that can be transferred from £200 to £500.

While in theory providers compete on price for prepay customers, there’s little in it. Moneysupermarket says the cheapest tariff is from EDF Energy at £1,332 a year and the most expensive, from Scottish Power, is £1,368.

Santander might compensate 30,000

Category : Business, World News

Santander, the country’s second biggest mortgage provider, says 30,000 former Abbey customers may be due compensation, after errors made in 2008.

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Systems America, Inc. (SYAI: OTC Pink No Information) | Cloudeeva Appoints Loeb & Loeb LLP as its Corporate Counsel

Category : Stocks, World News

Cloudeeva, Inc.

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BigTime Goes Live With Loyalty & Retention Program for Etisalat

Category : Stocks, World News

LONDON, UNITED KINGDOM–(Marketwired – April 2, 2013) - BigTime, a leading boutique provider of mobile marketing, announced today that it has launched a churn reduction and loyalty program with Etisalat.

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Redknee Closes Acquisition of Business Support Systems From Nokia Siemens Networks

Category : Stocks

TORONTO–(Marketwire – Mar 30, 2013) – Redknee (TSX: RKN), a leading provider of business-critical monetization and subscriber management software solutions for communications service providers, is pleased to announce the closing of its acquisition of Nokia Siemens Networks’ Business Support Systems (BSS) business unit. Redknee announced its intent to acquire Nokia Siemens Networks’ BSS business unit on December 5, 2012.

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