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Swisscom weighs tie-up for Italian unit

Bloomberg Swisscom AG is considering options for its Fastweb SpA unit, including a sale or partnership, that would increase the Italian business’s market share in mobile services, people familiar with the matter said. The company has discussed a tie-up with CK Hutchison Holdings Ltd.’s local wireless unit, Wind Tre SpA, though the Hong Kong conglomerate isn’t interested in adding landline ...

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IBM wants cloud services to play nice with competitors

Bloomberg International Business Machines Corp. is pressing deeper into its strategy of making cloud services more compatible with competitors, rather than trying to force customers into its own walled garden. IBM unveiled three new products to manage security, artificial intelligence and storage services across multiple cloud systems, regardless of whose they are. Having arrived late to the cloud revolution, IBM ...

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US alleges futures-spoofing by traders

Bloomberg Three commodities traders were charged by the US Justice Department with orchestrating a $60 million fraud that involved spoofing and conspiring to manipulate futures contracts, according to prosecutors and court filings in Houston. Yuchun “Bruce” Mao, a 39-year-old Chinese national, is accused of working with two other traders at his firm in a scheme to rig the purchase and ...

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