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An interest rate rise agreed on Thursday by the Bank of England's monetary policy committee would cut the disposable incomes of almost every mortgage payer in Britain after a massive shift by homeowners to variable rate loans, a City economist has warned.

Are the Good Times Back?

Posted by Michael Lombardi on November 24th, 2010

The good times must be back.

Porsche SE, the luxury sports car maker, announced this morning that its profit went up sevenfold in its first fiscal quarter ended October 31, 2010. Porsche reported a profit of 526 million dollars in the quarter on a 63% increase in car deliveries. (Interestingly, one-third of Porsche’s car deliveries in its last quarter were made in its home-base, Germany.)

GreenHouse Holdings, Inc. (OTCQB:GRHU) today announced that the Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.

U.S. mortgage rates reached new record lows in the latest week as economic data raised the appeal of safe-haven government debt, according to a survey released on Thursday by Freddie Mac.

Microsoft Corp. (Nasdaq:MSFT) reports that its board of directors declared a quarterly dividend of $0.16 per share, reflecting a 3 cent or 23 percent increase over the previous quarter’s dividend. The dividend is payable December 9, 2010 to shareholders of record on November 18, 2010. The ex-dividend date will be November 16, 2010.

Harbor Brewing Company, Inc. (Pinksheets:HBWO) announced that its majority shareholder, North Country Operating Corp., has retired 60 million shares of common stock it held in Harbor Brewing Company, Inc. The action resulted in a reduction of Harbor Brewing Co.'s total common shares outstanding to 84.9 million from 144.9 million, which represents a reduction of over 40%.

EVCA, EVCARCO, Inc., EVCA.OB is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles.

EVCA is working to create additional networks of alternative energy vehicles. The enhancement of EVCA’s product line is anticipated to create stronger revenues in the fourth quarter of the current year.

Crown Equity Holdings Inc. (OTCBB:CRWE) announces that it has launched its crwenewswire.fr website to provide news in France's native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.cn shortly.

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