International Business News - GSI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif GSI Group Inc., a maker of laser and optical systems, on Thursday said it has completed the sale of its General Optics unit to Gooch & Housego PLC for $21 million. http://www.ibtimes.com/articles/20081009/gsi-completes-sale-of-general-optics.htm Thu, 09 Oct 2008 16:16:56 EDT GSI Commerce Inc., which runs Web sites for retailers, said Monday it agreed to acquire Innotrac Corp., which provides e-commerce fulfillment services, for $52 million. http://www.ibtimes.com/articles/20081006/gsi-commerce-will-buy-innotrac-for-52-million.htm Mon, 06 Oct 2008 09:41:29 EDT Steel producer shares sank Wednesday on fresh evidence of slowing U.S. manufacturing and an analyst's prediction of subdued demand for the rest of the year. http://www.ibtimes.com/articles/20081001/sector-snap-steel-producers-shares-retreat.htm Wed, 01 Oct 2008 11:43:58 EDT Shares of steel producers fell hard Monday after buyers virtually suspended purchases in the expectation that the cost of steel product will fall. "There's actually a buyers' strike at the moment," Soleil analyst Charles Bradford said in a telephone interview. http://www.ibtimes.com/articles/20080929/sector-snap-steel-shares-down-on-buyers-strike.htm Mon, 29 Sep 2008 15:19:08 EDT Among the stock activity stories for Friday, Sept. 12, from AP Financial News: SAN JOSE, Calif. (AP)--Shares of GSI Commerce Inc. dropped nearly 7 percent Friday as an analyst downgraded the designer and operator of retailer Web sites. http://www.ibtimes.com/articles/20080912/movers-roundup-gsi-commerce-accuray.htm Fri, 12 Sep 2008 18:58:30 EDT Shares of GSI Commerce Inc. dropped nearly 7 percent Friday as an analyst downgraded the designer and operator of retailer Web sites. While the King of Prussia, Pa.-based company is expected to do well in the all-important holiday season despite broader retail woes, Stifel Nicolaus analyst Scott Devitt said investors might be able to profit more by owning shares of other e-commerce companies like Amazon.com Inc. http://www.ibtimes.com/articles/20080912/gsi-commerce-shares-fall-on-downgrade.htm Fri, 12 Sep 2008 16:25:15 EDT General Steel Holdings Inc., a Chinese steel producer, said Wednesday it has signed a letter of intent to buy 80 percent of Yantai Steel Pipe Co. Ltd. http://www.ibtimes.com/articles/20080903/general-steel-holdings-to-buy-stake-in-yantai.htm Wed, 03 Sep 2008 09:53:52 EDT GSI Group Inc., which makes lasers, scanners and other products for the medical, chip and aerospace markets, said Friday it has completed its acquisition of Excel Technology Inc. http://www.ibtimes.com/articles/20080829/gsi-closes-acquisition-of-excel-technology.htm Fri, 29 Aug 2008 18:04:58 EDT Among the stock activity stories for Friday, Aug. 15, from AP Financial News: SIOUX FALLS, S.D. (AP)--Shares of Chinese solar cell maker Suntech Power Holdings Co. Ltd. received a boost Friday on the heels of a separate 800-megawatt solar project announced for California. http://www.ibtimes.com/articles/20080815/movers-roundup-suntech-power-devry.htm Fri, 15 Aug 2008 14:38:31 EDT Shares of China-based General Steel Holdings Inc. fell, but then recovered Friday after the company said it swung to a loss in the second quarter. Shares rose $1.12, or 9.1 percent, to $13.40 after falling as low as $11.32 earlier in the day. http://www.ibtimes.com/articles/20080815/general-steel-holdings-share-fall-on-weak-2q.htm Fri, 15 Aug 2008 17:10:29 EDT Among the earnings stories for Thursday, Aug. 14, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080814/earnings-roundup-wal-mart-elizabeth-arden.htm Thu, 14 Aug 2008 10:14:14 EDT General Steel Holdings Inc., a China-based steel producer, said Thursday it swung to a loss in the second quarter because of a $28.7 million charge for the recalculation of the fair value of derivative liabilities. http://www.ibtimes.com/articles/20080814/chinas-general-steel-swings-to-2q-loss.htm Thu, 14 Aug 2008 09:55:21 EDT GSI Group Inc., which makes lasers, scanners and other products, said Thursday its second-quarter profit tumbled by two-thirds, citing a weak semiconductor industry. http://www.ibtimes.com/articles/20080731/gsi-2q-earnings-fall-by-two-thirds-revenue-slides.htm Thu, 31 Jul 2008 15:52:52 EDT Shares of Nucor Corp. fell more than 11 percent Thursday after the big steel maker's third-quarter guidance missed Wall Street expectations. Other U.S. steel makers also declined, though not as much as the Charlotte, N.C.-based company. http://www.ibtimes.com/articles/20080717/nucor-falls-as-market-focuses-on-3q-guidance.htm Thu, 17 Jul 2008 19:31:39 EDT GSI Group Inc., which makes lasers, scanners and other products for the medical, chip and aerospace markets, said Thursday it will pay $347.5 million in cash for Excel Technology Inc. in a move to double its profit and expand market share. http://www.ibtimes.com/articles/20080710/gsi-group-to-buy-excel-tech-for-32-per-share.htm Thu, 10 Jul 2008 07:16:06 EDT Shares of steel producers rose Monday after an analysis of the sector concluded that the price of the commodity has significantly further to climb. Barclays Capital analyst Amrita Sen said demand for the commodity has yet to peak--which means this year's price increases will likely be followed by more such gains. http://www.ibtimes.com/articles/20080630/sector-snap-analyst-says-steel-prices-yet-to-peak.htm Mon, 30 Jun 2008 15:01:14 EDT Shares of steel companies rose Thursday as price hikes for certain products surprised investors who had thought that such prices had reached a top. CIBC World Markets analyst Michael Willemse said North American steel prices last month for rebar (reinforcement bar), merchant bar and wire rod were higher than anticipated. http://www.ibtimes.com/articles/20080612/sector-snap-steel-producers-gain-on-price-hikes.htm Thu, 12 Jun 2008 10:42:15 EDT Shares of GSI Commerce soared Thursday in the heels of better-than-expected first-quarter results from the company, which runs Web sites for retailers. http://www.ibtimes.com/articles/20080424/gsi-commerce-shares-jump-after-strong-1q-results.htm Thu, 24 Apr 2008 19:54:05 EDT Shares of Chinese steel maker General Steel Holdings Inc. shot up 15 percent on its prospects for acquisitions of domestic rivals and recent price hikes. http://www.ibtimes.com/articles/20080421/shares-of-chinas-general-steel-holdings-soar-15-percent.htm Mon, 21 Apr 2008 13:36:20 EDT A tumbling dollar, soaring crude oil prices and low U.S. supplies of numerous metals on Wednesday lifted shares of nearly all major metals and mining companies. The euro hit a fresh all-time high ag... http://www.ibtimes.com/articles/20080416/sector-snap-major-metals-both-base-and-precious-gaining.htm Wed, 16 Apr 2008 12:48:45 EDT