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 additionally reported that Indian conglomerate Tata has concluded an agreement with Virgin Mobile USA Inc (NYSE: VM)
  to launch a cellular phone sort in India. The sort, 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 whether it “made sense” for shareholders.

Original post by Laurie Pasternack

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