Another iPhone killer, Versace auctions off an internship, AA gets classy, while Armani opens up a hotel...

Versace is auctioning off an internship in NYC. The bidding is currently up to $3,250 on Charitybuzz. The auction closes on January 14th, 2:04pm EST. College credit is required.

Google introduces Nexus One (by Taiwan-based tech company HTC), a powerful Android smartphone. It runs around $530 unlocked or $179 with a T-Mobile contract. (CNET)

Black is not longer the new black. Experts found out that though black is flattering and slimming, black can add years on you. But worn properly (not so close to your face) or with certain skin tones, it looks amazing. (Dailymail)

NYT busts H&M and Walmart about destroying and discarding unsold clothing instead of donating them.  H&M says it will stop the practice while Walmart apparently donates these said items. (NYT)

Armani will be unveiling a new series of luxe hotels. The first one will be in the world's tallest building, the Burj Khalifa (Burj Dubai) and is slated to open in March. (Dazed)

American Apparel gets classy in an Exit mag editorial. (Refinery29)

T magazine, the New York Times' lifestyle mag features the "Nifty 50", 50 up-and-coming American talent. (T magazine)