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Paris in Parasols; DwellStudio's Pinterest Contest; More!

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PARIS—As part of this year's Momenta art show, Paris' famed Grand Palais building is now blanketed in colored parasols that one can walk beneath, thanks to the vision of artist Daniel Buren. Architizer has an apt description for “Excentrique(s)," as the exhibition is called: "The day after disco."

THE INTERNET—Textiles/furnishings/home accessories brand DwellStudio has teamed with Hatch maternity wear line and supermodel Christy Turlington on a Mother's Day-themed Pinterest contest. Create a Pinboard named #STYLESQUARED, Pin images "that showcase your personal nursery and fashion style," and email the finished board to blog@dwellstudio.com for a chance to win $1,500 in DwellStudio and Hatch items. (For every Pinboard created, the brands wil donate $10 to the nonprofit Every Mother Counts.) Contest runs through May 17; more info over here. [CurbedWire Inbox]

EVERYWHERE—Fannie Mae's Q1 reports are relatively sunny: the mortgage giant posted a $2.7B profit and, for the first time since Sept. 2008, didn't require any cash infusion from the Treasury. During the same period last year, Fannie Mae posted a $6.5B loss. [WSJ]