* Amazon is preparing a subscription service to deliver movies and TV shows online.

* AOL is acquiring Rally Up, a location-based social networking service.

* Apple is expected to unveil a souped up Apple TV with Netflix streaming today.

* Blockbuster tests new “early-delivery” marketing strategy as it tries to stave off bankruptcy.

* BP is selling its Malaysian assets to Petronas.

* Burger King talks about a possible sale.Continue reading...

* Apple is close to a deal with Disney to rent ABC TV shows via iTunes, the Wall Street Journal reports. It's also looking to trademark several of its mobile app icons.

* Burger King reported slumping sales.

* AARP research finds brand-name drug prices increased 8% last year.

* Barnes & Noble reported a tough quarter and increased legal costs due to proxy fight with investor.

* Best Buy named Aura Oslapas its new chief design officer.Continue reading...

General Motors hires Chris Perry, Hyundai’s marketing chief, to head its needy Chevrolet division. The move shows GM CMO Joel Ewanick shoring up his team as he taps a key hire to market Chevy, the most important brand at his new company.

Starbucks' sales figures for Via coffee brand come under scrutiny.

Tiger Woods' sagging performance impacts PGA and golf sponsors as TV viewership slumps.

BP may be able to shield itself from suits under a proposal for the $20-billion Gulf of Mexico oil spill compensation fund.Continue reading...

According to The Wall Street Journal, Goldman Sachs "is telling employees that they will no longer be able to get away with profanity in electronic messages." For those WSJ readers under 65, "electronic messages" means "email." But wait! There's more!Continue reading...

BP is expected to announce today that embattled CEO Tony Hayward will be replaced by American Robert Dudley. Hayward will leave with a hefty financial package.

Apple's white iPhone 4 delay buys time to fix antenna issue.

Barclay's and other European banks respond to stress test results.

BlackBerry security questioned by UAE authorities.

Disney, Ford, Goldman Sachs & more after the jump.Continue reading...

Ahead of today's iPhone 4 announcement, Apple yesterday released a software update — but issues arose and it's not working for all. The Wall Street Journal reports that Apple engineers warned about the antenna flaw but were ignored by CEO Steve Jobs, who liked the design.

Verizon's Droid X from Motorola, meanwhile, sold out on its first day.

AT&T and AMC's owner Rainbow Media reached a carriage agreement ahead of Mad Men's season premiere.Continue reading...

Apple acknowledges iPhone 4 antenna issue, suggests users hold it differently.

AXA unloads British assets for $4 billion.

BlackBerry-maker RIM misses profit targets as Apple gains market share.

Boeing denies fleet grounding while 787 Dreamliner technical issue is investigated.Continue reading...

iPhone 4 buyers began lining up yesterday, but will find only one color (black) available today. It's already a hit in Japan.

Viacom calls legal ruling favoring Google in billion-dollar YouTube suit "fundamentally flawed" as it prepares to appeal.

CNN confirms new show with disgraced NY governor Eliot Spitzer and conservative Washington Post columnist Kathleen Parker.

More brands in the news after the jump.Continue reading...