(Bloomberg) -- President Donald Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk, a person familiar with the internal deliberations said.The Thrift Savings Plan -- the federal government’s retirement savings fund -- is scheduled to transfer roughly $50 billion of its international fund to mirror an MSCI All Country World Index, which captures emerging markets, including China.The Federal Retirement Thrift Investment Board overseeing the fund made a decision in 2017 that the money should be moved by mid-2020. Opponents of the transfer in recent weeks have engaged in a last-minute effort to stop it.The action would possibly come in the form of an executive order, the person said. A senior administration official said no decision has been made at this time.”Microsoft, Boeing, and Lockheed, among other major companies in the U.S., use the same index the TSP is implementing,” said Kim Weaver,...
Spain's Telefonica SA is in talks with billionaire John Malone's Liberty Global Plc to explore a merger of its British mobile operator O2 with cable network company Virgin Media, a source familiar with the matter said. Telefonica has been weighing options for the business since 2016 when a previous deal to combine O2 with Three UK, controlled by CK Hutchison Holdings , was blocked by European antitrust regulators amid concerns that reducing the number of mobile operators in Britain would harm consumers, banking sources said. Telefonica declined to comment and Liberty was not immediately available to comment....
Coming into 2020, it was clear that General Electric (NYSE:GE) had a lot of work to do. But investors were optimistic. GE stock started rallying after third quarter earnings in late October, and reached a 16-month high in February.Source: Sundry Photography / Shutterstock.com The novel coronavirus has undercut that optimism. As I write this, GE stock has been halved from February highs. That includes a 3.2% decline on Wednesday after the company's first quarter earnings report.The falling stock price, unfortunately, makes some sense. General Electric's challenges were significant even before the current crisis. Its outlook is downright grim now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Healthcare Stocks to Buy Even After the Coronavirus Fades The good news is that GE management at least is aware of those challenges. And the balance sheet gives General Electric some flexibility to respond. But Wednesday's earnings report highlights the core...
