Final bids for the Chicago Cubs will likely be due late September or early October, two sources said Thursday, as owner Tribune seeks to sell the storied baseball team by the year end.

TD Ameritrade Holding Corp. named a new chief operating officer Thursday as the company prepares for Fred Tomczyk to become CEO next month.

Among the stock activity stories for Thursday, Aug. 28, from AP Financial News:

Shares of brokerage firm TD Ameritrade Holding Corp. edged higher Thursday afternoon after an analyst raised his price target on the stock because of its growing cash base and "healthy" cash flow.

Fitch Ratings on Friday cut Tribune Co.'s credit rating further into "junk" status and said more reductions may come if newspaper advertising revenue declines keep accelerating.

This week's Wall Street rally has encouraged at least some investors to come in off the sidelines, but not as many as the sharp gain in stocks might suggest.