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Tropical Storm Erick is churning toward the central Pacific and is expected to strengthen into a hurricane by Monday, forecasters say.The storm was about 1,410 miles southwest of the tip of Baja California early Sunday and there were no coastal watches or warnings in effect."Maximum sustained winds are near 40 mph (65 km/h) with higher gusts," 357

The owner of Schick razors needs to close the gap with Gillette, its biggest rival. So it's turning to new blood to make that happen.Edgewell Personal Care is buying the upstart razor maker Harry's, the two companies announced Thursday. The deal values Harry's at nearly .4 billion.Harry's started in 2013 and quickly expanded by selling low-priced razors online. Edgewell, meanwhile, owns some of the most established brands in the field — including Schick, which started in 1921. Edgewell also owns Wilkinson Sword, a major European brand that has been making razors since 1898.But Edgewell trails its main rival, Gillette, by a large margin. Gillette is a unit of Procter & Gamble, and accounted for about 10% of that company's .8 billion in revenue — about billion — last year. By comparison, Edgewell reported .2 billion in revenue during its most recent fiscal year.Sales for the first six months of this year fell 7% compared to a year earlier, Edgewell reported Thursday. But CEO Rod Little told investors that the company expects revenue to rise to .7 billion in its first full fiscal year after it acquires Harry's. The deal is expected to close early next year.Little said Edgewell was drawn to Harry's success with building a brand and marketing directly to consumers."We've been talking about it for a while," he said on an earnings call. "And when you look at what Harry's has done, we've looked at that from afar for a long time," he told investors."The deal also could help Harry's cut costs. Despite its success, Little said the business is only approaching the breakeven point this year.Investors didn't immediately embrace the purchase. Shares of Edgewell fell nearly 13% in midday trading Thursday.Harry's founders Andy Katz-Mayfield and Jeff Raider will stay on to run the combined companies' US business. Raider was also one of the founders of the eyeglass maker Warby Parker. The two of them had been friends since college.Harry's is not the first razor startup to be acquired by a more established company.In 2016, Unilever bought 2083

The Russian lawyer who attended a 2016 meeting at Trump Tower with members of the Trump campaign was charged by federal prosecutors in New York with obstruction of justice in a money-laundering case, according to an indictment unsealed Tuesday that highlighted her ties to the Russian government.Natalya Veselnitskaya, who gained prominence as a result of a meeting with Donald Trump Jr. and other members of the Trump campaign after he had been promised damaging intelligence on Democratic presidential candidate Hillary Clinton, was indicted by the Manhattan US Attorney's office.As that case proceeded, Veselnitskaya, a member of the defense team in that matter, allegedly gave a false declaration to the federal court in New York about the Russian government's investigative findings in that case, concealing from the court that she "had participated in drafting those supposed independent investigative findings in secret cooperation with a senior Russian prosecutor," according to the indictment.Veselnitskaya is not in the US and it's unlikely that she'll ever see court or be taken into custody unless she leaves Russia. She told CNN Tuesday that she would "defend her professional honor" in the case and declined to comment further about the matter, saying she just learned of the news.Emails released by Trump Jr. show that he agreed to the meeting after being told the "crown prosecutor of Russia" wanted to give the Trump campaign incriminating information about Clinton. Instead, Trump Jr. later said, Veselnitskaya focused on the repeal of the Magnitsky Act, a 2012 law that sanctions Russians accused of violating human rights.Veselnitskaya has said in interviews that she has a working relationship with Russian Prosecutor General Yuri Chaika and that they exchanged information during her lobbying efforts against the Magnitsky Act. She has denied that she has ever worked for the Russian government, and a Kremlin spokesman has said the notion was "absurd."It's unclear if there was any response from the Trump team to the request from Veselnitskaya concerning the Magnitsky Act. The Trump administration has not moved to roll back the Russian sanctions, and, in fact, new sanctions against Russia have been enacted.Special counsel Robert Mueller is investigating the Trump Tower meeting as part of his probe into Russian interference in the 2016 election. The special counsel's office declined to comment on whether it contributed to the Veselnitskaya investigation or referred it to the US Attorney's office. The indictment of Veselnitskaya appears to stem directly from the New York case concerning the Cyprus-based investment firm Prevezon Holdings Ltd. and its Russian owner, Denis Katsyv.Veselnitskaya attended proceedings in the US for the case, including a hearing in Manhattan on the same day of the June 2016 Trump Tower meeting.This story is breaking and will be updated. 2912

The State Department evacuated 14 Americans suffering from COVID-19, better known as the coronavirus, from a cruise ship docked off the coast of Japan despite objections from the Centers for Disease Control and Prevention, 235

The Pentagon is slashing .8 billion in recently passed military funding to finance construction of the president's long-sought U.S.-Mexico border wall. Thursday's move by the Pentagon angered not just Democrats but also GOP defense hawks. It would cut money for National Guard units, shipbuilding accounts and 17 aircraft and transfer it to anti-drug accounts that can finance construction of new wall. The maneuver was announced in “reprogramming” documents provided to lawmakers and came in for harsh criticism by Rep. Mack Thornberry of Texas, the top Republican on the House Armed Services Committee. Democrats slammed the transfers as well, but Trump faced no consequences when making similar transfers last year. 732

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