Britney and Paris to Co-Host Billboard Awards  —  New best friends Britney Spears and Paris Hilton are taking their act onstage: The pair will co-host next week's Billboard Music Awards in Las Vegas, a source confirms to PEOPLE.  —  "There are no plans for either to perform, but they will host the event together," says a show source.

ENGAGING VISIT  —  IT looks like Owen Wilson is about to pop the question to Kate Hudson.  The so-called "Butterscotch Stallion" was spotted Friday with his mother at the Harry Winston store at the Highland Park Mall in Dallas.  "They were looking at a huge, pear-shaped, flawless diamond engagement ring," said our witness.

EXCLUSIVE!  HILARY AND JOEL SPLIT!  —  Hilary Duff, 19, and Good Charlotte's Joel Madden, 27, have split, Star has exclusively confirmed.  Good Charlotte's manager Steve Feinberg, exclusively confirmed to Star, "Joel is at present, single."  —  Eyebrows were raised about the status …

Matt Lauer, Wife Welcome A Boy  —  Matt Lauer and wife Annette welcomed their third child, a son named Thijs, on Tuesday.  —  "The baby was born this morning at 9:37 a.m. in New York City.  He weighed 7 lbs., 4 oz.," says Today spokesperson Megan Kopf.  "Mom, Dad and baby are all very happy."

Pam & Kid: How Borat and a Sex Tape Came Between Them  —  So far the film Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan has ticked off the nation of Kazhakstan, a couple of Southern frat boys, and countless other unwilling victims that were lampooned in the movie.

Cameron Diaz Says She Doesn't Want to Get Married  —  Cameron Diaz on The Ellen DeGeneres Show  —  Cameron Diaz, who recently admitted she doesn't want the responsibility of a dog, let alone kids, says she doesn't want to marry boyfriend Justin Timberlake - because she's commitment-phobic.

Paris:"Firecrotch Is No Longer Welcome!"  —  As we told you before, Lindsay and Paris exchanged some words inside of Hyde last night.  But what you haven't seen is what happened after the club shut down!  Paris and Britney took the party over to Paris' pad where our photographers recorded someone …

Tracy Morgan Busted For Drunk Driving — Again  —  TMZ has learned that "30 Rock" star Tracy Morgan was busted for drunk driving early this morning in New York.  —  Police sources tell TMZ the comedian/actor was stopped at 4:38 AM in Manhattan after cops noticed he was driving erratically.

UPDATE: Britney Spears really wants you to see her crotch  —  I consider myself a reasonable person but this is just too much.  Calling this a slip or an accident is like calling hardcore pornography an oops.  Obviously all the pictures are super NSFW so wait til you're somewhere private before checking them out.

ASHLEE SIMPSON WEARS SKECHERS  —  good morning!  i hope no one is wearing skechers right now...have a look at ms. ashlee simpson's latest foray into brand endorsement - there she is below sporting her new face (i swear everytime i see a picture of her lately i have to do a double take) in an ad for skecher's footwear!

Rihanna Is Well Padded  —  Seeing as most of the big named celebrities have been turning my stomach as of late with their panty-less antics, 5 minute marriages and skanky sex tapes, I think I'll stick with lesser known stars today.  And who better than Rihanna?  She seems like a nice girl.

Petra Nemcova & James Blunt: 'Very Much in Love'  —  By Mark Dagostino with Kristen Mascia  —  Ignore those rumblings that Petra Nemcova and "You're Beautiful" singer James Blunt are on the rocks.  —  The model, 27, tells PEOPLE, "We're very much in love."

Faris makes 'Travel' plans  —  Anna Faris is toplining "Frequently Asked Questions About Time Travel," a farcical sci-fi comedy that also will star British comic actors Chris O'Dowd, Marc Wootan and Dean Lennox Kelly.  —  Gareth Carrivick is directing the movie, which will be a Picturehouse release …

One For the Road  —  Britney's post-Kevin celebration is still in full swing!  Last night, we caught her toasting her new-found single status at LA eatery Dan Tana's...in fact, she was still toasting all the way to the car, with a glass of wine in one hand and a ciggy in the other!

Derek Jeter and Jessica Biel Still Hooking Up  —  Call it a relationship, or an extended one-night stand.  Whatever it is, it seems to still be going on.  From People: … Jessica Biel and Derek Jeter Heat Up Las Vegas [People]  —  (Image source)

Tom & Katie's Wedding Photo Album  —  Here's a full set of pictures from the Tom Cruise and Katie Holmes wedding photo album with intimate portraits and memories of their special celebrations.  Check iT!  —  [Scans via KatieHolmes.com]  —  This entry was posted on Tuesday, November 28th …

Jessica Starts Filming Blonde Ambition  —  Well it looks like Jessica got her wish to be in the film Blonde Ambition with Luke Wilson.  Here she is on the set in Shreveport, Louisiana with Pimp Daddy Simpson in tow.  As always, dad brought along his video camera so he can document every moment of his daughter's life.