Morning Cheat Sheet: Barbara Walters' Hats, Alexander Wang's Homewares, Balmain's New Creative Director

Barbara Walters tries on Phillip Treacy hats in preparation for the royal wedding. She's really working a "lewk" there.

Alexander Wang is branching out into home and lifestyle accessories.

Relative unknown Olivier Rousteing will succeed Christophe Decarnin as creative director at Balmain.

Gawker is auditioning hot guys to see who should be the sexy stud pouring your drinks in Fire Island this summer.

We love a fashion power couple -- even if they are straight!

Just in the nick of time, American Apparel has been saved by Canadian investors