Investors worried that the new offerings were dilutive toexisting shareholders as companies tried to raise cash to stayafloat, but others noted the ability to attract capital was apositive sign. The KBW Bank Index .BKX dropped 4.2 percent, but isstill more than double its March 9 closing level. Bank ofAmerica (BAC.N) was the Dow's biggest drag, down 5.3 percentat $12.26. The bank sold $7.3 billion of China ConstructionBank Corp (601939.SS) shares to a group of investors,according to a source. Big-cap technology companies weighed on the Nasdaq,including Apple Inc (AAPL.O), which lost 4 percent to $124.42.The Nasdaq 100 technology index .NDXT fell 1.2 percent.. (Editing by Jan Paschal) Stocks Global Markets Funds News ETFs News China.
CHICAGO, May 12 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) todayannounced that its JBT FoodTech business acquired the assets of Scottish-basedDouble D Food Engineering Ltd (Double D). Double D is a UK leader indesigning, manufacturing and servicing custom built ovens for bakery andprotein products. Terms of the transaction were not disclosed.The acquisition of Double D will further enhance JBT FoodTech's solutions forthe bakery market through Double D's complementary bakery offering.Additionally, the flexibility in design and production capacity of Double D'sovens will expand JBT FoodTech's offerings within the global proteinprocessing segment."Double D provides cooking technologies that complement and extend our productportfolio of ovens," stated Torbjorn Arvidsson, Vice President and DivisionManager for JBT FoodTech's Food Solutions and Services Division. "We areexcited about this opportunity to leverage JBT's global capabilities to marketDouble D's products around the world." About JBT CorporationJBT Corporation (NYSE: JBT) is a leading global technology solutions providerto the food processing and air transportation industries. JBT Corporationdesigns, manufactures, tests and services technologically sophisticatedsystems and products for regional and multi-national industrial foodprocessing customers through its JBT FoodTech segment and for domestic andinternational air transportation customers through its JBT AeroTech segment.JBT Corporation employs approximately 3,400 people worldwide and operatessales, service, manufacturing and sourcing operations located in over 25countries. For more information please visit or release contains forward-looking statements as defined in the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements areinformation of a non-historical nature and are subject to risks anduncertainties that are beyond the Company's ability to control.
These risksand uncertainties are described under the caption "Risk Factors" in theCompany's Annual Report on Form 10-K filed by the Company with the Securitiesand Exchange Commission that may be accessed on the Company's website. TheCompany cautions shareholders and prospective investors that actual resultsmay differ materially from those indicated by the forward-looking statements.SOURCEJBT CorporationInvestors, Cindy Shiao, +1-312-861-5931, or Media, Ken Jones, +1-312-861-6791,both for JBT Corporation. BEDFORD, Mass., May 12 /PRNewswire-FirstCall/ -- GSI Group Inc. (the"Company") (Nasdaq: GSIG), a supplier of precision technology andsemiconductor systems, today announced that it received a staff determinationnotice from The Nasdaq Stock Market ("Nasdaq") stating that the Company'scommon stock is subject to delisting since the Company is not in compliancewith the filing requirements for continued listing as set forth in ListingRule 5250(c)(1) (the "Rule").
The Nasdaq letter, which the Company expected,was issued in accordance with standard Nasdaq procedures due to the delayedfiling of the Company's Quarterly Report on Form 10-Q for the three monthperiod ended September 26, 2008 (the "Quarterly Report") and Annual Report onForm 10-K for the year ended December 31, 2008 (the "Annual Report").The Company intends to request a hearing before the Nasdaq ListingQualifications Panel to appeal the staff determination.The hearing requestwill automatically stay the delisting of the Company's common stock for aperiod of fifteen (15) calendar days from the deadline to request a hearing. supplies precision technology to the global medical,electronics, and industrial markets and semiconductor systems GSI GroupInc.'s common shares are listed on Nasdaq (GSIG). Forward Looking Information Certain statements in this release are "forward-looking statements" within themeaning of the Private Securities Litigation Reform Act of 1995 and are basedon current expectations and assumptions that are subject to risks anduncertainties. All statements contained in this news release that do notrelate to matters of historical fact should be considered forward-lookingstatements, and are generally identified by words such as "expect," "intend,""plan," and other similar expressions. These forward-looking statementsinclude statements regarding the Company's ability to file its Form 10-Q andForm 10-K and other statements that are not historical facts. These forwardlooking statements are subject to risks, uncertainties and changes infinancial condition, unknown factors and other items described in theCompany's annual report on Form 10-K for the fiscal year ended December 31,2007 and the Company's quarterly reports on Form 10-Q filed with theSecurities and Exchange Commission.