Obamas

J.C. Penney signed a deal with Goldman Sachs and secured a $1.75 billion loan to strengthen its financial position. Maybe there's hope for the struggling retailer after all? {WWD, Subscription required} Anna Wintour and Marc Jacobs wore matching Prada fur coats to The Great Gatsby premiere. Great minds... {Daily Mail} This new video takes us behind the scenes of Beyonce's extremely involved H&M commercial production. {YouTube}

Rutgers to Offer Course on Beyoncé: Now here's a class we wouldn't have regularly skipped when we were undergrads: a Rutger's University professor is teaching a course on the significance of Beyoncé Knowles in regards to black feminism, studying her lyrics against the works of historical black female figures like Alice Walker and Sojourner Truth. Her husband, Jay-Z also has a course on him offered at Georgetown University. Next up: A seminar at Wesleyan examining how Blue Ivy Carter paved the way for infant musicians. {Sister 2 Sister} Megan Fox Will Not Play Elizabeth Taylor: The actress took to Facebook to deny claims that she is in talks with Lifetime producers to play Elizabeth Taylor for their upcoming biopic, Liz and Dick. Looks like Lindsay Lohan might soon be getting some much-needed work after all! {ONTD} ELLE France Removes Controversial Black Fashion Article: After facing much public scrutiny, ELLE France has removed their 'Black Fashion Power' article, which credited the Obamas for finally influencing black people to retire their Apple Bottom jeans, boots with the fur and "[return] to style with a sense of dignity." ELLE's editor claims the article was "misinterpreted" (there seems to be a lot of that going around these days), but we're pretty sure we got what author Nathalie Dolvio was trying to say the first time. {The Cut}