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Best Actor
George Arliss:
Disraeli, The Green Goddess
Best Actress
Norma Shearer:
The Divorcee, Their Own Desire
The respected British actor didn't show up for the ceremony, and his win left many scratching their head over a non-American winning the Award.   Rumors circulated that a memo was sent out by MGM brass, to all employees, to vote for Shearer.  Of course it was never confirmed, but continued to feed into the anti-trust campaign that was working against the Academy.
Nominee
Wallace Beery: 
The Big House
Nominee
Nancy Carroll:
  The Devil's Holiday
He was typecast as the thug during the silent era, but Irving Thalberg saw something in Gloria Swanson's first husband, and cast him in this career making movie. Early proof that the Academy likes their actors to be serious, Carroll typically played in comedies and musicals.  The Devil's Holiday was one of her rare dramatic efforts.
Nominee
Maurice Chevalier: 
 
The Love Parade, The Big Pond
Nominee
Ruth Chatterton: Sarah and Son
Already a well known star in France, Chevalier made a big splash in Hollywood with his first film, The Love Parade. The original diva, Chatterton played strong women in the movies, until the Hayes Code shut her down.  This would be her second, and last nomination. 
Nominee
Ronald Colman:  Bulldog Drummond, Condemned
Nominee
Greta Garbo:  Anna Christie, Romance
A true survivor of the silent era, talking pictures allowed him to capitalize on his best asset - his voice! Garbo goes down in history as one of the great stars to have never won an Academy Award.
Nominee
Lawrence Tibbett:
The Rogue Song
Nominee
Gloria Swanson:  The Tresspasser
This opera star received a nomination for his first film.  Sadly, there are no known prints of the film in existence, however, the soundtrack still exists. Swanson is rewarded with her second nomination for her first talking picture.  While she survived the transition, her popularity would soon fade.