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Monday, May 02nd

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About 40,000 Verizon unionized workers walk off the job

About 40,000 Verizon unionized workers walk off the jobTens of thousands of Verizon Communications Inc (VZ.N) workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse.

The strike could affect service in Verizon's Fios Internet, telephone and TV services businesses across several U.S. East Coast states, including New York, Massachusetts and Virginia.

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Music Producer David Gest Found Dead in London

David GestThe entertainer David Gest has been found dead in the Four Seasons hotel in Canary Warf, London. He was 62-years-old.

His death was confirmed by a statement from his friend and former bodyguard, Imad Handi. Mr Handi said: “It is with great sadness that I can confirm that David Gest has died today.

“David was truly larger than life. He was not just a huge talent and a dear friend but a showbiz icon.

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Cory Batey found guilty of aggravated rape in retrial

Corey Batey found guilty of weightA jury found former Vanderbilt University football player Cory Batey guilty of aggravated rape in the assault of an unconscious woman late Friday after a weeklong trial in Nashville.

The jury deliberated about 2½ hours after hearing five days of testimony. Jurors reached their verdict about 11 p.m. On three of seven counts, the jury found Batey guilty as charged of aggravated rape and two counts of aggravated sexual battery.

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Syria civil war: ISIL kidnaps 300 factory workers

ISIS abducts 300 SyriansMore than 300 staff at a cement factory near Damascus have been kidnapped after an attack earlier this week by Islamic State of Iraq and the Levant (ISIL, also known as ISIS), Syrian state TV said on Thursday.

Hundreds of employees at the Al Badia Cement company were taken by ISIL fighters from a factory 50km east of the Syrian capital, the report quoted the industry ministry as saying.

It added the workers' employer had lost all contact with them.

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Ford to build huge plant in Mexico that creates 2,800 jobs despite outrage

Ford to open plant in MexicoFord Motor (F) said Tuesday it will invest $1.6 billion to build a new plant in San Luis Potosí, Mexico to build small cars, making it the latest automaker to expand its presence there.

Ford's investment in Mexico will create more than 2,800 jobs by 2020, delivering a blow to the UAW, which pushed for higher wages in its contract talks with the automaker last year. The announcement also comes amid a presidential election where the the leading Republican candidate, Donald Trump, has publicly pressured Ford to drop its plans to expand in Mexico.

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Legends of the Fall author and screenwriter Jim Harrison dies at 78

Jim HarrisonJim Harrison, considered one of the great writers in contemporary American fiction, has died at age 78 at his home in Patagonia, Arizona.

Harrison, author of the novella Legends of the Fall, made a prolific career with his descriptions of outdoor life – often through the lens of history – and was unconcerned by the limits of genre. The outdoorsman and bon vivant published more than 30 books over 50 years – and penned poetry, essays, interviews, screenplays, criticism, and reviews in addition to his fiction.

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How Big Pharma Is Cashing in on Addiction to Alcohol and Illicit Drugs

Big Pharma cases in on addictionAddiction treatment has become big business. If you haven't noticed it yet, investors certainly have. The U.S. Substance Abuse and Mental Health Services Administration projected the market for addiction treatment at about $35 billion for 2014.

Since 2006, private equity firms have invested more than $2.2 billion in substance abuse treatment companies. The private equity firm Bain Capital paid $720 million for CRC Health in 2006 only to turn around and sell it for $1.18 billion to Acadia Healthcare Company Inc. in 2014. Acadia operates 76 facilities with about 5,800 licensed beds in 24 states, Puerto Rico and the U.K.

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