Here's what's happening around the web this morning:

Loehmann's Files for Bankruptcy
Brother, can you spare a dime? Loehmann's has filed for Chapter 11... again.
[New York Post]

Billy Reid Wins CFDA/ Vogue Fashion Fund Prize
You like him, you really like him. Designer Billy Reid beat out Eddie Borgo and Prabal Gurung to score this year's CFDA/Vogue Fashion Fund Prize.
[Fashionista]

Prince William, Kate Middleton Confirm Engagement
After years of speculation, Prince William and Kate Middleton will finally tie the knot next year. Dress Watch begins!
[Vogue UK]

Vera Wang Shifting Bridesmaid Dress Line to David's Bridal
Vera Wang has discontinued her bridesmaid dress collection and will move it to David's Bridal. Unfortunately, you will still have to carry a parasol and do the Funky Chicken.
[WWD]

Wang to Direct?
Meanwhile, Vera Wang has also announced that she's looking to move into filmmaking. May we suggest "27 Dresses, Part Two"?
[Hollywood Reporter]

Halle Berry Flashes Sweat Stains
Ain't that the pits! An embarrassed Halle Berry revealed large sweat stains during an appearance on "Ellen."
[Daily Mail]

Pregnant Miranda Kerr Covers Vogue Australia
December cover girl Miranda Kerr has become the first pregnant woman to cover Vogue Australia. And no, she's not naked this time.
[Catwalk Queen]