Brands to Watch: iPhone 5, Gap, PayPal and more

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Apple’s rumored virtual assistant feature could outshine Tuesday’s iPhone 5 announcement (and rumor mill). Sprint, meanwhile, is reportedly buying 30.5 million iPhones from Apple.

Australia looks beyond cigarettes for plain packaging rules.

Bank of America shares fall on European fears.

Boeing ramps up commercial airline production.

Carnival Cruise Lines signs brand partners.

Daily Mail posts wrong Amanda Knox verdict.

ESPN pulls Hank Williams Jr. signature tune following Hitler remark.[more]

Gap Inc. to close one in four NYC Gap stores.

Facebook denies tracking logged out users.

Fortune Brands becomes Beam Inc., sticks to alcohol brands.

Hermes sees luxury buyers unchanged.

Hulu lets users customize ads.

Kanye West‘s Paris Fashion Week debut collection gets mixed reviews.

Kodak downplays bankruptcy fears.

Mashable looks to brand partnerships for growth.

Microsoft enhances Hotmail, phases out Zune.

Myspace plays up music as it woos advertisers.

Napster brand will disappear as result of Rhapsody acquisition.

PayPal to open a pop-up store in New York.

Target announces next designer collaboration (Michelle Obama fave Jason Wu) as CMO jumps to J.C. Penney.

Volkswagen sales jump, while VW reveals the Mii five-door model.

Yahoo acquisition by Alibaba looks plausible.

& Single-letter domain names soar in the UK.

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