Target is in talks with J.P. Morgan Chase & Co. about taking a half-interest in the retail chain's credit card operations, according to sources. Target's credit card business generated about $600 million in pretax profit in 2007.
Amazon.com has launched new applications designed to draw Facebook users into its merchandising efforts. Amazon Giver and Amazon Grapevine combine the online retailer's product reviews and "wish lists" shopping system with social-networking pages.
The Navy has awarded a contract boost to Raytheon for launching-system parts for the Tomahawk Land Attack Missile. The contract is worth $31 million. The Navy uses the Tomahawk for land-attack warfare launched from Navy surface ships and submarines.
The leader of Williams-Sonoma's Customer Information Management Group says the company is working on ways to combat a tough time for catalog retailers. Direct-to-consumer business represents 42% of the company's total revenues, and options include shifting ad money away from catalogs and emphasizing a multichannel approach.