Another tony luxury brand has changed hands, with today's $3 billion acquisition of J. Crew by a consortium of private equity firms. Yes, the house that Mickey Drexler built and Jenna Lyons (seen above in a Fall '10 preview) designed, now has new owners.Continue reading...

The long PC nightmare is over: Windows 7 arrives today. [NY Times]

Wal-Mart will aggressively cut prices throughout the holiday season. [WaPo]

Madewell moves out of J. Crew's shadow, plans e-commerce site for the spring. [LA Times]

Ford's Volvo deal with Geely faltering over privacy concerns. [FT]

Car manufacturers market cars to Canadians based on needs, not desires. [NY Times]

Automakers revive classic and traditional models with bright, bold colors. [NY Times]

Consumers inclined to spend on brands perceived to do "social good." [MediaPost]

(More headlines: Behind Windows 7's branding and naming.)Continue reading...