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Lufthansa close to deal with IBM for IT infrastructure unit

BERLIN/FRANKFURT - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

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3D Systems slashes full-year forecast after third quarter lags

- 3D printer maker 3D Systems Corp estimated quarterly revenue well below the average analyst estimate, citing manufacturing constraints for its direct metal printers, sending its shares down 11 percent in premarket trading.

Media 8:42am EDT

China's Baidu, Ping An invest in Israeli VC fund Carmel

TEL AVIV - Israeli venture capital firm Carmel Ventures said on Wednesday it raised $194 million for its Carmel Ventures IV fund with participation from new strategic investors in Asia that include Chinese Internet search engine Baidu.

8:03am EDT

EMC Corp cuts profit forecast, citing stronger dollar

- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars.

Media 8:13am EDT

Hungary plans new tax on Internet traffic, public calls for rally

BUDAPEST - Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard.

Media 8:47am EDT

India's Wipro eyes U.S. boost ahead after second quarter misses forecasts

BANGALORE - India's third-biggest software services firm Wipro Ltd narrowly missed market expectations with an eight percent rise in second-quarter profit, but said it saw a rosier end to the year as more confident U.S. clients increase spending.

Media 8:54am EDT

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