Newspaper wrap-up: E*Trade expected to name Layton as its CEO

MAJOR PAPERS:

Northrop Grumman Corporation (NYSE: NOC) won a $40B contract to turn Airbus jets into "flying gas stations" for U.S. military aircrafts, the Wall Street Journal reported, breaking The Boeing Company's (NYSE: BA) lock on the market.
Royal Bank of Canada (NYSE: RY) is expected to launch the first covered bond from the country next week, the Financial Times reported. The bank is targeting a benchmark-sized issue worth $1.4B-$4.2B.
The Financial Times also reported that Indian conglomerate Tata has concluded an agreement with Virgin Mobile USA Inc (NYSE: VM) to launch a cellular phone brand in India. The brand, called Virgin Mobile in India, would target young Indians under a franchise agreement with Tata Teleservices.

WEB SITES:

Bloomberg reported that former JP Morgan Chase & Co (NYSE: JPM) Vice Chairman Donald Layton is expected to be named E*Trade Financial Corporation's (NASDAQ: ETFC) new CEO. In an interview, Layton said he may consider a sale of the troubled online brokerage if it "made sense" for shareholders.

Tags: Airbus, BA, Boeing, Donald Layton, DonaldLayton, E-Trade, E-Trade Financial, E-tradeFinancial, ETFC, JP Morgan, JPM, JpMorgan, NOC, Northrop Grumman, NorthropGrumman, Royal Bank of Canada, RoyalBankOfCanada, RY, Tata, Virgin Mobile, VirginMobile, VM

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	63	0
2	Steven Mallas	45	0
3	Connie Madon	42	0
4	Mark Fightmaster	40	0
5	Tom Johansmeyer	37	0
6	Steven Halpern	37	0
7	Zac Bissonnette	33	0
8	Tom Taulli	32	0
9	Brian White	26	0
10	Sheldon Liber	25	0
11	Melly Alazraki	23	0
12	Paul Foster	22	0
13	Jim Cramer	21	0
14	Jon Ogg	20	0
15	Eric Buscemi	19	0
16	Jamie Dlugosch	18	0
17	Elizabeth Harrow	18	2
18	Brent Archer	18	0
19	Michael Fowlkes	18	0
20	Trey Thoelcke	16	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Eddie Bauer sells to Golden Gate Capital for $286 million CIT seeks private capital after bailout bid is rejected Digital Sky to put another $100 million into Facebook	IBM grows profits and expands margins in second quarter Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT) Google does decent business in Q2 -- trade it now?
Oxford English Dictionary back to the Mac First Look: Agile Messenger with push notifications Kevin Harter, Switcher	It's you and an iPod vs. Arrington in The EV Files - Time Waster Facebook adds verification procedure for compromised accounts Good night, and don't forget to tip your add-on developers!
Pet Airways Takes to the Skies Art Auction Advances With Christie's iPhone Bidding App Weighty Luxury Wine Book Will Come With Wine	Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT) Google does decent business in Q2 -- trade it now? Before the bell: Stocks to put on the breaks following BAC, GE reports