It’s been such a newsy Wednesday — and it’s not even 3 o’clock yet! — we decided to pull together some of the day’s biggest stories. Enjoy!

Marios Schwab, 31, is Halston’s new creative director
9:00AM: WWD reports “CFDA/Vogue Fashion Fund finalists — this year, Alexander Wang, Albertus Swanepoel and Vena Cava’s Lisa Mayock and Sophie Buhai — reinterpret [khaki for Gap Campaign].”
11:45AM: NYMag’s “The Cut”says “Officials Fail to Find Fault with Sarah Palin’s $150k Wardrobe”
12:18PM: According to Fashionista, Project Runway finalist, Laura Bennett (from the season Jeffrey Sebellia won) is set to star in her own vehicle, “Project Laura.”
12:55PM: “Karl Lagerfeld’s Ex-Employee Calls Karl an ‘Unbelievable Narcissist’”
2:23PM: A press release from HL Group confirms “Halston Appoints Marios Schwab as Creative Director.” A few snippets from the release are below:
While he will continue with his own namesake line, he has plans to relocate to New York to direct the Halston brand. He will helm the design studio, and work with the shoe designer, handbag designer and ready-to-wear design assistants on the main collection. His first collection for Halston will be unveiled next February for Fall 2010.
“While Halston’s DNA is crucial to its future success, I very much wish to move the brand forward and make it relevant for today, said Schwab. “Simple, effortless pieces realized via modern fabrics and technology will play a large role in how I will redefine the brand. The clothes will echo the heritage but with a very distinctive, modern feel that is completely new and completely now.”
“After several meetings, both our board and I were confident of Marios’s design sensibilities,” said Bonnie Takhar, President & Chief Executive Officer of Halston. “His mantra was very Halston-appropriate in terms of what we think Halston should be. His knowledge of the Halston brand really impressed us.”
More…
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[photo by MJ Kim, courtesy of Getty Images]