Are the italic versions actually oblique (slanted)? In other words, is there a typographic standard for labeling typefaces italics and oblique? I seem to remember that there is a distinction.

>is there a typographic standard for labeling typefaces italics and oblique

As I recall it, oblique type uses the regular glyphs just slanted, whereas a 'true' italic typeface employs modified glyph versions having additional calligraphy- or cursive-like flourishes.

In the following picture I've just made using Arial and Times, both fonts are claiming an 'italic' version. The Times one really is italic by the above definition, while the Arial one is 'oblique'.

http://imgur.com/UVUZb5F

Thanks. Although obvious it totally escaped me. I just reported it. :)