Steve Jobs Has Nothing on Armani

FASHION
• Over the iPhone? Get the Armani phone this October. [Fashionista]
• Need something to wear with that wrap dress? DVF is launching a shoe collection this fall. [British Vogue]
• Thom Browne has put together a 25-piece womenswear collection available this fall at Barneys, Bergdorf, Jeffrey, and Colette. [WWD]

LAW
• A federal judge called New York's sweeping restrictions on lawyer advertising unconstitutional. Look forward to new, dramatic lawyer ads on subways. [New York Law Journal]
• Sullivan & Cromwell partner Henry "Terry" Christensen III plans to leave the firm, where he represented Brooke Astor, for McDermott Will & Emery. [Law Blog/WSJ]
• Facebook has some great lawyer groups. Our favorite is "We Love Dahlia Lithwick." [Above the Law]

MEDIA
• While the Bancrofts have only started talking about Murdoch's bid, Jane MacElree, a key family shareholder who was formerly undecided, appears to have come out against the deal. [WSJ]
• Sumner Redstone effectively anointed Viacom CEO Philippe Dauman as his heir apparent after a falling-out with his daughter. [NYP]
• Will Teen Vogue be the next Condé title to go? [NYP]

FINANCE
• Merrill Lynch was fined $1.6 million for discriminating against an Iranian broker. [AP via DealBreaker]
• Christopher Gardner, the rags-to-riches inspiration behind The Pursuit of Happyness, plans to launch a private-equity fund with Nelson Mandela. [Business Week via DealBook/NYT]
• Goldman's planning to raise $12.5 billion for a rainy-day fund. [LBO Wire via Deal Journal/WSJ]