Existing-Home Sales

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Earnings:

51JOB Inc. (NASDAQ: JOBS) – consensus EPS $0.10
LDK Solar Co., Ltd. (NYSE: LDK) – consensus loss $0.10
Noah Education Holding Limited (NYSE: NED) – no consensus
Tech Data Corporation (NASDAQ: TECD) – consensus EPS $0.70

NEW YORK--(BUSINESS WIRE)-- For 2010, Fitch Ratings expects U.S. consumer products companies to see modestly rising demand as global economies revive. However, revenue growth rates will be well below historical levels and price increases are not expected to be as important as they were during 2009. Restructuring actions, working capital controls, reduced capital expenditures and improving liquidity have favorably positioned the financial posture of most companies. Overall free cash flow (cash from operations less capital expenditures and dividends) should improve in 2009 despite global economic weakness, allowing most companies considerable latitude to meet internal capital needs ...

SAN DIEGO, CA -- (MARKET WIRE) -- 11/14/09 -- In the news release, "Realtors® Identify Industry Trends and Challenges for Years to Come" issued earlier today by National Association of Realtors, we are advised by the company that the headline should read "Realtors® Identify Industry Trends and Challenges for Year to Come" rather than "Realtors® Identify Industry Trends and Challenges for Years to Come" as originally issued. Complete corrected text follows. Realtors® Identify Industry Trends and Challenges for Year to Come SAN DIEGO, CA -- November 14, 2009 -- Leading executives from major real estate firms believe the residential outlook for 2010 is positive, given the extended tax credit for home buyers as well ...

SAN DIEGO, CA -- (MARKET WIRE) -- 11/14/09 -- Leading executives from major real estate firms believe the residential outlook for 2010 is positive, given the extended tax credit for home buyers as well as a steady rise in existing-home sales. These industry leaders also acknowledged ongoing challenges during a panel discussion hosted by the Real Estate Services Forum at the 2009 REALTORS® Conference & Expo in San Diego today. "Our role in this industry is to be confident leaders," said J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, Bellingham, Wash. "We are at ...

SAN DIEGO, CA -- (MARKET WIRE) -- 11/13/09 -- Reduced home prices and the first-time home buyer tax credit have helped dramatically boost the lower end housing market, according to a residential market update today at the 2009 REALTORS® Conference & Expo. Lawrence Yun, National Association of Realtors® chief economist, said home sales continue to be dominated by lower priced homes. In fact, NAR data shows nearly 70 percent of homes sold in September were priced below $250,000. One reason for the boost in sales in the lower end housing market is the home buyer tax credit. According to NAR data, first-time buyers currently account for nearly 45 percent of all home buyers. "The housing market has become much more active at the lower end," said Yun. "The $8,000 home buyer tax credit has significantly helped the market and is having its intended impact of ...