General Motors has recently selected Chris Liddell - Microsoft Corp’s chief finance officer - as vice chairman and CFO to replace Ray Young. Liddell, age 51, has been CFO at Microsoft Corporation since May 2005 but is leaving his position there as of December 31st. Despite his demotion, Ray Young is staying with the company as vice president of international operations; leading the unit’s finance projects, with additional responsibilities to be “clarified in the near term,” GM said…

According to the Fitch Ratings 2010 outlook report, U.S. structured finance sectors indicate a significant instability even with recent signs of economic recovery. The Fitch credit rating report also specifies that U.S. consumer heath and unemployment will play an important part in consumer ABS (asset backed securities) performance in 2010. Fitch expects unemployment rates reaching 10.5 percent by mid 2010, credit card charge-off rates at 12 percent, and annualized auto net losses between 2 and 25 percent…

Searchlight, NV might soon have more solar panels per square mile than people, thanks to a long-term PPA (Power Purchase Agreement) between American Capital Energy and NV Energy, Inc. (NYSE: NVE). The power will be produced by a 20-MW solar PV plant being constructed near the town of Searchlight, NV. Southern Nevada’s existing solar array at Nellis Air Force Base is currently the largest operating solar PV plant in the United States.

A group of world business leaders issued a clear call for change this Tuesday, issuing “The Copenhagen Call,” a demand for a global climate treaty. This came after Al Gore, on Sunday, called on attendees to pressure governments around the world to cut greenhouse gas emissions.”The clock is ticking…” Gore Said. “We have to do it this year. Not next year. This year… because Mother Nature does not do bailouts.”"The Copenhagen Call” encourages businesses around the world to adopt a treaty which will help reach GHG reduction targets in 2020 and 2050, and cut global emissions by at least 50% by 2050…