Newspaper wrap-up: JP Morgan may take half-interest in credit-card operations

MAJOR PAPERS:

According to people familiar with the matter, the Wall Street Journal reported that JP Morgan Chase & Co (NYSE: JPM) is in talks about potentially taking a half-interest in Target Corporation's (NYSE: TGT) credit-card operations for about $4B.
The Wall Street Journal also reported that executives at Microsoft Corporation (NASDAQ: MSFT) met with Yahoo! Inc (NASDAQ: YHOO) executives earlier this week to discuss Microsoft's takeover offer for the company, marking a breakthrough in communication between the two companies.
HSBC Holdings Plc (NYSE: HBC) wants to expand its operations in sub-Saharan Africa, the Financial Times reported, as the region becomes increasingly significant for the bank's Asian and Indian clients.

OTHER PAPERS:

Due to its plunging stock price and the expected departure of millions of subscribers this year, sources are speculating about the fate of Sprint Nextel Corporation (NYSE: S). While analysts believe a company such as Deutsche Telekom AG (NYSE: DT) may look to buy Sprint, the Associated Press reported that neither Sprint nor its potential suitors are commenting.

Tags: Africa, Deutsche Telekom, DeutscheTelekom, HBC, HSBC, JP Morgan, JPM, JpMorgan, Microsoft, MSFT, S, Sprint Nextel, SprintNextel, Target, TGT, Yahoo, YHOO

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