Sources say that Rapper LL Cool J (James Todd Smith III) lashed out at his record label’s boss. Def Jam, LL Cool J’s record label who he has been with since 1985 is currently not supporting him as he would like. The label is currently ran by rap artist Jay-Z who just recently unretired from his own recording career and released an album entitled “Kingdom Come”.

Claims are that LL Cool J’s recent album “Todd Smith” was not promoted adequately due to Jay-Z concentrating on writing and recording on his own projects.

LL Cool J stated, “How am I gonna re-sign with competition? I’m not an idiot. I can’t depend on that man to promote my record while he’s somewhere writing rhymes. I’m LL Cool J. I ain’t doing that.”

Although LL Cool J, has already recorded and released eleven albums under the Def Jam label sources are saying that his forthcoming album may be his last with the label.

Black Eyed Peas Will.i.am, signed on as Head of Marketing for Musicane, “an online service that provides content creators and producers with the capability to market, virally distribute and sell digital content directly from their own Web sites, blogs and online social networks,” according to a statement.

Sean “P. Diddy” Combs has recently partnered with Burger King for his new ad campaign as well as a channel on YouTube called “Diddy TV” which has been circulating for some time now.

“Diddy TV,” actually made it’s debut last Friday (October 7). Diddy TV offer fans exclusive, personal clips of Diddy (wonder if it’ll include toilet scenes this go around), access to songs from his upcoming album, Press Play, and music videos. Burger King also states that they will sponsor Diddy’s upcoming fall tour.

Latoya is on her way to becoming not a star, but the starring face and spokesperson for Star Ice Liquor from Australia.

“I have always wanted to be involved with a hot, new lifestyle product such as this”, said Jackson.

The malt beverage is imported from Australia and comes in a range of flavors such as Raspberry, Passion Fruit, Green Apple and Cranberry. Not sure if a lot Hip-Hop fans will go after this beverage, but it sounds promising. Wonder if Latoya had a sip yet.

Recent media has been catching on to her new project and has already featured Latoya on Access Hollywood and Extra to help with the promotion of the drink.

Commenting on the acquisition, Juliette Harris, CEO of It Girl Public Relations added: “This is an exciting opportunity for us to integrate this Australian beverage into the Hollywood party and nightclub scene.

With the help of our lovely spokesperson, our great tasting beverage and an aggressive strategy we will make Star Ice the must have drink of 2006! Star Ice is now being distributed in Pennsylvania, Louisiana, Nevada, Connecticut, Minnesota and Rhode Island.”

Chuck D, the rapper, once founding member of hip-hop group Public Enemy, and Mobile technology. You didn’t know? Well, ever heard of Chuck D Mobile, it launched earlier this year to offer a range of ringtones, videos and other hip-hop-related content for mobile phones.

Recently, the mobile entrepreneur, Chuck D said at the Mobile Content World conference in London that he has always looked at technology as “something you can apply to a better world if you stay on top of it and don’t let it stay on top of you”.

“[Napster founder] Shawn Fanning revolutionized the way we get music–he doesn’t get the respect he deserves even today,” Chuck D said on Tuesday.

The rapper goes on to say that he does believe in some sort of Digital rights management (DRM) but pointed out that MP3 was the most popular compression format.

He said he does “believe in some sort of DRM” but pointed out that MP3 was the most popular compression format because it does not limit how the customer can use the file once bought.

“You’ve got artists who are just starting out who are understanding that DRM is a way of life,” Chuck D said, adding that musicians “understand it doesn’t have to be the Pirates of Penzance as it was,” a reference to the free-for-all early days of Napster and similar P2P engines.

“It [DRM] has to get to a point where it works for everyone–sometimes people can’t share or burn their own CD,” he said. He suggested that a solution may lie in a universal media format but said that development was “impossible right now.”

Chuck D also stated that he thinks the purchase this year of MySpace by Rupert Murdoch’s News Corp may eventually make the portal less effective in promoting new artists.

“The problem with corporations is they come into any business with a gold-rush mentality of making a killing and there’s a difference between making a killing and making a living,” he said, warning that “people in the back of their minds think the free reign [of sites such as MySpace and YouTube] is going to be taken away and collapse because it’s too good to be true”.

M.A.C. Cosmetics has chosen hip-hop rapper Eve as their lastest spokeswoman for its HIV campaign. Eve has joined Debbie Harry (Blondie) and Lisa Marie Presley to promote M.A.C.`s Viva Glam VI.

All sales received from the Via Glam lipstick will be donated to the M.A.C. AUDS Fund, which is an organization which supports women, children and men affected by AIDS and HIV around the world.

It was also announced that the funds $6 million in grants will go to 12 organizations which provide crucial help to those living with the virus.

Since 1994 the organization has raised more than $70 million.

At a Hip-Hop Summit at Morris Brown College in Atlanta with a crowd of over 1,500 attendees this past Saturday, hip-hop mogul Russell Simmons spoke on financial planning and credit stability.

Quoted in reports as The Godfather of Hip-Hop Russell Simmons says it should be a priority for youngsters to focus on financial empowerment instead of wasting their money on things such as bling and other material items.

`Financial empowerment isn’t something that’s taught,” Simmons said.

“It`s not common knowledge; even if you go to school, you don`t learn it in school.”

Using hip-hop and R&B stars the industry veteran plans to influence teenagers and young people to be more money conscience.

At the Morris Brown College other financial advisors and hip-hop attendants where Jermaine Dupri, Ludacris, Paul Wall, and others.