P0740 is specific to the torque converter only. Here's a description of it from the transmission diagnostics manual:
Symptom:
P0740-TORQUE CONVERTER CLUTCH CONTROL CIRCUIT
When Monitored and Set Condition:
P0740-TORQUE CONVERTER CLUTCH CONTROL CIRCUIT
When Monitored: The Torque Converter Clutch (TCC) is in FEMCC or PEMCC, Transmission
temperature is hot, Engine temperature is greater than 38° C or 100° F,
Transmission Input Speed greater than 1750 RPM, TPS less than 30°.
Set Condition: The TCC is modulated by controlling the duty cycle of the L/R Solenoid
until the difference between the Engine and the Transmission Input Speed RPM or duty
cycle is within a desired range. The DTC is set after the period of 10 seconds and 3
occurrences of either: FEMCC - with slip greater than 100 RPM or PEMCC - duty cycle
greater than 85%.
P0750 is the code for the LR(Low/Reverse) Solenoid Circuit. As taken from the same manual:
Symptom:
P0750-LR SOLENOID CIRCUIT
When Monitored and Set Condition:
P0750-LR SOLENOID CIRCUIT
When Monitored: Initially at power-up, then every 10 seconds thereafter. The solenoids
will also be tested immediately after a gear ratio or pressure switch error is detected.
Set Condition: Three consecutive solenoid continuity test failures, or one failure if test is
run in response to a gear ratio or pressure switch error.
It looks like a rebuild is in order for that transmission. You could try just changing the torque converter but I wouldn't want to pull the transmission twice if that didn't fix it! I would find a low mileage used transmission myself and have someone install it.