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Update, Mon. Oct. 28, 6:55 p.m.: The southbound lanes of the 405 reopened to traffic.LOS ANGELES (CNS) - Driven by gusting winds and dry terrain, a brush fire swept through canyons and hillsides on the western side of the Sepulveda Pass Monday, destroying at least eight homes, forcing evacuations of thousands of residents and closing part of the heavily traveled San Diego (405) Freeway. There were no immediate reports of any injuries. As of Monday afternoon, roughly 1,100 firefighters were assigned to the blaze, assisted by water-dropping aircraft. 563

Turkey on Wednesday intensified its clash with the United States, announcing heavy new tariffs on some American products including cars, alcohol and tobacco.Turkish Vice President Fuat Oktay said on Twitter that the measures were in response to "the deliberate attack of the US administration on our economy."The Turkish government has doubled its retaliatory tariffs on American cars to 120 percent and on alcoholic drinks to 140 percent, according to a notice published Wednesday. Other affected products include fruit, coal, makeup and rice.Relations between Washington and Ankara have rapidly soured in recent weeks over Turkey's detention of the American pastor Andrew Brunson.The Trump administration announced plans last week to double US tariffs imports of steel and aluminum from Turkey. On Wednesday, a Turkish court rejected a second appeal to release Brunson. 884

Verizon just admitted that the value of its media brand, Oath, is essentially worthless.Verizon announced Tuesday that it would take a .6 billion writedown on its the media unit, which includes Yahoo and AOL.Oath's brand value is now worth just 0 million, according to Verizon. That's a stunning decrease in value since it formed in 2017. Verizon said Oath's brand was worth .8 billion when it last accounted for the company's goodwill valuation.Verizon snapped up a number of legacy media brands in recent years to create Oath. It bought Yahoo for .5 billion in 2017 and AOL, which owns HuffPost, for .4 billion in 2015.With virtually no goodwill brand value, Oath's overall value (assets and goodwill) is now worth half of what it was a few years ago.The telecommunications giant said the integration of Yahoo and AOL didn't meet expectations.Oath "has experienced increased competitive and market pressures throughout 2018 that have resulted in lower than expected revenues and earnings," according to a filing with the SEC Tuesday. Facebook, Google and Amazon are sucking up ad dollars, forcing publishers to search for other streams for revenue.The Verizon media unit's poor performance led the company to make "unfavorable adjustments to Oath's financial projections" for the next five years.Verizon plans to focus more on wireless technology and less on content and distribution.This summer, Verizon replaced CEO Lowell McAdam with Hans Vestberg, the telecom company's former chief technology officer.In September, Oath CEO Tim Armstrong left. He was a driving force behind Verizon's media acquisitions. Armstrong was replaced by K. Guru Gowrappan, Oath's president and former chief operating officer.Verizon announced Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible. The buyouts are part of a plan to cut costs and shift investments into wireless and 5G. 1942

Under state law in Florida, a recount is mandatory if the winning candidate's margin is 0.5 percentage points or less.Counties have until Saturday to turn in their first set of unofficial returns. If the margin is under 0.5 percent at that point, Secretary of State Ken Detzner is required to order a recount which will be done by machine. 347

Two medical facilities have advised the state of Louisiana that they are laying off more than 250 employees because of damage sustained during Hurricane Laura.WARN notices, which are required when a certain number or percentage of employees are to lose their jobs, were sent to the state by the Lake Charles Memorial Health System and Oceans Behavioral Hospital of Lake Charles.LCMHS has laid off 205 employees, and Oceans has laid off about 50, according to their WARN letters to the state."Lake Charles Memorial Health System will experience a reduction in its workforce, and a number of employees of the Moss Memorial Campus, support services and the Archer Campus will experience layoffs, as a result of damage sustained from Hurricane Laura," the September 28 WARN letter states. "It is with regret that I must report to you that the company has decided to reduce its operations at Lake Charles Memorial Health System. As a result, we anticipate that we will permanently lay off approximately 205 employees on today."The company's website indicates that many facilities are now open for business. You can read the latest here.Oceans, which is located on in Lake Charles, has extensive damage from the storm, the WARN letter states. There's a lot of damage, and it is not even known at this time if they can repair the facility, the letter states. As a result, about 50 people were laid off there.This article was written by KATC Staff. 1448

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