After producer Brett Ratner and host Eddie Murphy jump ship and Brian Grazer comes to the rescue as the new producer, veteran MC Billy Crystal gets on board to host the 2012 Oscars for his ninth time. [TMZ]
Authorities are investigating the fatal shooting of a man near the Occupy Oakland encampment, no arrests, suspect information, and very few details have emerged despite all the surrounding Occupy activity and numerous news crews setting up for filming. [LATimes]
L.A. fire captain Mike Phillipsen is arrested in an LAPD sting operation downtown after trying to buy balloons of heroin from an undercover officer. [KTLA]
Arizona Congresswoman Gabrielle Giffords gives her first interview with Diane Sawyer since being shot in the head in January in a fatal shooting that left six dead in Tuscon. [Radar]
The new "Call of Duty: Modern Warfare 3" breaks record video game sales, bringing in $400 million within 24 hours of its release. [KABC]