TD Ameritrade (NASDAQ: AMTD) the third-largest brokerage for individual investors by assets, sees a slowdown in equity trading next year as share prices swing less than in 2009, Chief Executive Officer Fred Tomczyk said. –Bloomberg
New York Times (NYSE: NYT) and McClatchy (NYSE: MNI) saw their stocks rise Tuesday after the two newspaper publishers said they are seeing improvements in the advertising market. Shares of the New York Times were up 1.3% to $9.02 by early afternoon. McClatchy shares jumped more than 18% to $3.10. –MarketWatch
CIT Group (OTC: CITGQ) is emerging from bankruptcy. The company has just announced that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New York and more importantly that it anticipates emerging from bankruptcy on December 10, 2009. This may be good for the company and may be good for the debt holders, but you can probably guess how this worked out for the old holders of common stock. -24/7 Wall St.
FedEx Corp (NYSE: FDX) could help limit losses after it said late on Monday its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America. -Forbes
Chinese companies have proposed investing $50 billion to buy 6 billion barrels of oil reserves in Nigeria. "Chinese companies have made proposals to buy reserves in Nigeria. Specifically, their application is to acquire 6 billion barrels of oil reserves, which we are currently discussing," Emmanuel Egbogah told reporters. Mr. Egbogah declined to name the Chinese companies looking to buy the reserves. In September, the Nigerian government said it was in advanced talks with China’s CNOOC Ltd. over signing deals on several onshore oil blocks as the state-run company looks to expand its position in Nigeria by securing drilling rights going unused by Western energy firms. –The Wall Street Journal
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