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Micron Associates: HeadLINES | SocioPost.com

Posted by ironsish (www.sociopost.com) 35 days ago under micron associates hong kong madrid spain micron associates-headlines
Manufacturing numbers from the US, China and Germany expected the renewing optimism for the global economic outlook and encouraging investors to take on risk. Early in the afternoon trading in New York, the Dow Jones Industrial Average rose 1.16 percent, the Standard & Poor’s 500 Index gained 1.24 percent and the Nasdaq Composite Index climbed 1.32 percent.

Economy Is on the VAT Inclined Point by Micron Associates

Posted by ironsish (www.sbwire.com) 35 days ago under micron associates hong kong madrid spain economy is on the vat inclined point by micron ass
Campo de las Naciones, Madrid -- (SBWIRE) -- 04/10/2012 -- Micron Associates - IRELAND MAY reached the inclined point when it comes to the capability to lift up additional revenues through VAT augmentation, said Grant Thornton, tax experts.

In view of the exchequer figures, Peter Vale, tax partner in Grant Thornton expected to see a considerable increase in VAT receipts compared with the same period in 2011 as the top VAT rate which had augmented by 9.5 percent in real terms.

The figures do not show that to be the case. While, the tax hold is up on last year, the VAT returns will probably point out a drop in the retail sales as it compared to the same period last year.

Meanwhile, Grant Thornton questioned the suggestion made by the Irish Fiscal Advisory Council in which the extra €400 million in budget measures is necessary to meet the Ireland’s deficit targets.

Brightbridge Wealth Management Headlines: Logitech’s acting CEO warns on profit

Reuters) – Logitech, the world’s largest computer mouse maker, issued its second profit warning in eight weeks, slashing its forecast for full-year profit and sales after a review by its acting chief executive, sending its shares down 12 percent.

Logitech, which also makers speakers, webcams and keyboards, said on Thursday it expected operating income of about $90 million for its 2011/12 year to end-March, compared with a previous target to meet or beat last year’s $143 million.

Citing the current weak economic environment in mature markets and the company’s product offering, Logitech cut its sales forecast to $2.4 billion from $2.5 billion, having cut it from $2.6 billion in July when announcing CEO Gerald Quindlen had resigned after weak first-quarter trading.

Chairman Guerrino De Luca was named acting CEO at the time.

The company said on Thursday gross margin in its fiscal third and fourth quarters should be well above the full-year average.

Logitech shares, which had lost more than half their value this year, were down 12 percent at 0932 GMT.

“The management completely underestimated market and technology shifts toward stand-alone mobile computing systems not requiring any peripheral interface components or simple gadgets,” said Sarasin analyst Oskar Schenker.

“Logitech’s actual product range is (old-fashioned) … not unique and sells only by price.”

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