Def Jam may not fork over the cash for Hova, but it appears Mr. Steve Jobs' pocket book is a little deeper; According to a report by The Boy Genius, Jay-Z is entering into a deal with Apple to head the computer company's first record label. World domination: check. An Apple spokesperson declined comment on the rumors. [Via thedailyswarm.com]

On the heels of dropping their reunion LP, Zeitgeist, Smashing Pumpkins have unveiled American Gothic, a new EP available now in the U.S. exclusively via iTunes. The four-song set was recorded between the alt-rock god's tours, and dispatches "The Rose March," an older, Pete Townshend-approved Billy Corgan track. [Via Pitchfork]

Like Sonic Youth, Foo Fighters, and many other influential musicians before him, Beck's landmark 1996 LP Odelay will be deluxe-ified and reissued Jan. 29 as a two-disc set with 19 new tracks -- unreleased material from the album's original sessions, remixes, and B-sides -- including a Spanish language mariachi rendition of "Jackass," entitled "Burro." ¡Enhorabuena! [Via Pitchfork]

Liam Gallagher, historically fond of substance insuffilation, will experiment with a new method of consumption, and take the stage in Manchester with Freebass, a collective of low-enders including former Smiths bassist Andy Rourke, New Order's Peter Hook, and Primal Scream's Mani. More news sure to come -- Peter Hook loves to blog! [Via The Sun]