Apple reportedly cuts licensing deal with EMI and moves closer to cloud-based music service, as iPad sales impact HP and Dell.

AT&T presses case for T-Mobile merger.

CBS brings Ashton Kutcher and his Two and a Half Men co-stars at advertisers' fall upfront.

Citigroup awards CEO Vikram Pandit with big retention package.

Coca-Cola launches 2012 Olympics promotion a year early.

Delta cuts capacity to Europe with Air France as airline’s executives recount complex merger with Northwest.

Disney reportedly seeks to develop TV series about SEALS team that killed Osama bin Laden.

Facebook gets new scrutiny over kids in social ads.

Gap CEO undertakes urgent revamp of the brand.Continue reading...

Amazon's Android tablets reportedly codenamed Coyote and Hollywood.

Arnold Schwarzenegger's personal brand rocked by confession he fathered a child with household staffer.

Birds Eye plans new sales push in Russia.

BP Russian pact with Rosneft collapses.

California pushes for tighter security controls on social networks.

Conde Nast expands iPad magazine editions.

Disney may make power play for Olympics sponsorship; and fined $3M for violating kids' privacy.

Facebook meets with bankers to discuss IPO.Continue reading...

Apple sees PC cannibalization by iPad drop.

AutoNation car dealer network gets thrown for a spin by Japanese car-supply problems.

Barnes & Noble hits one million Nook app downloads.

BP tries to salvage Russian deal.

Dish Network taps former Sirius head Joseph Clayton to replace founder Charlie Ergen as CEO.

Fox puts faith in Simon Cowell's The X Factor for fall prime-time schedule.

IMF head arrest in sexual-assault case roils worlds from French politics to euro zone debt.Continue reading...

Marks & Spencer, Britain's largest retailer, says sales figures beat expectations, signal returning consumer confidence. [Guardian]

Online ad spending outstrips television in Britain, claiming nearly one quarter of the market. [Times of London]

Love those hyphens, but ouch! Kraft told by British Takeover Panel to "put-up or shut-up" in bid for Cadbury. [Times of London]

Kmart and Wal-Mart announce toy promotions to drive holiday sales. [WaPo]

Warner Music Group and YouTube reach revenue sharing deal over music videos. [NY Times]

Go, green! Nike, Johnson & Johnson join companies quitting US Chamber of Commerce over its resistance to climate change legislation. [Guardian]

(More headlines: Twilight's brands, GM quits eBay, Gannett newspapers profit.)Continue reading...