LA Times plans large newsroom layoffs amid union walkout
The Los Angeles Times will lay off at least 115 staffers, over 20 percent of newsroom employees, after a union walkout by the LA Times Guild. Publisher Patrick Soon-Shiong calls layoffs necessary to restore a sustainable paper, as other outlets also trim staff.
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Oppenheimer dominates Oscar nomination choices
The Oscar race centers on Christopher Nolan I op enheimer with 13 nominations led by best picture and directing. Cillian Murphy Emily Blunt and Robert Downey Jr. gain acting nods while Barbie Greta Gerwig earns eight nominations but misses best director. Lily Gladstone marks a milestone as the first Native American nominated for best actress.
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Chicago killings linked to victims and suspect’s death
A Chicago suburb eight dead and one wounded Sunday were largely linked to a single suspect who was related to most victims. The man died by suicide in Texas during a confrontation with law enforcement. Authorities freed a clearer timeline but found no motive yet.
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ADM stock sinks after CFO placed on leave amid accounting probe
Archer-Daniels-Midland shares fell as much as 18 percent in New York after the company suspended CFO Vikram Luthar and named Ismael Roig interim CFO. ADM delays Q4 earnings and Form 10-K as the SEC probes inter segment transactions in its nutrition unit. The Cedar Rapids company, known for dried mills and ethanol, cooperates with investigators.
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