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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 tipping equation is more complicated than ever."It can be really confusing, especially going from Panera to coffee shops to a restaurant," Rachel Bahner, a shopper on the Plaza, said, "Where do you draw the line of not to tip and when to tip?"There's also the dilemma of how much to give."If they take tips, I'll do 20 percent," Tiana Griffin, another Plaza patron, said.USA Today 397

The Top US diplomat in Ukraine Bill Taylor testified Tuesday that he had been told President Donald Trump would withhold military aid to the country until it publicly declared investigations would be launched that could help his reelection chances — including into former Vice President Joe Biden, according to a copy of Taylor's opening statement obtained by CNN."During that phone call, Ambassador Sondland told me that President Trump had told him that he wants President Zelensky to state publicly that Ukraine will investigate Burisma and alleged Ukrainian interference in the 2016 US election," according to the testimony.Sondland told Taylor he'd also made a mistake earlier by telling the Ukrainian officials that a White House meeting with Zelensky "was dependent on a public announcement of the investigations," Taylor said."In fact, Ambassador Sondland said, 'everything' was dependent on such an announcement, including security assistance," Taylor testified.He testified that Trump wanted Zelensky "in a public box" by making a public statement about ordering the investigations."Ambassador Sondland tried to explain to me that President Trump is a businessman. When a businessman is about to sign a check to someone who owes him something, he said, the businessman asks that person to pay up before signing the check," Taylor testified, adding that Volker had used the same phrase."I argued to both that the explanation made no sense: the Ukrainians did not 'owe' President Trump anything, and holding up security assistance for domestic political gain was 'crazy,' as I had said in my text message to Ambassadors Sondland and Volker on September 9," Sondland added.Democrats described Taylor's testimony as damning for the President."All I have to say is that in my 10 short months in Congress ... it's my most disturbing day in Congress so far," said Rep. Andy Levin, a freshman Democrat from Michigan."This testimony is a sea change. I think it could accelerate matters," said Democratic Rep. Stephen Lynch of Massachusetts. "This will, I think, answer more questions than it raises. Let's put it that way."In a lengthy and detailed opening statement, Taylor said that he and Sondland spoke by phone about why the aid was frozen, and Sondland cited the need for Ukraine to open an investigation among other reasons, according to the sources. Sondland told Taylor that the investigations potentially included both Ukraine's involvement in the 2016 election and Burisma, the Ukrainian energy company that hired former Vice President Joe Biden's son Hunter Biden, the sources said.Asked about Taylor's comments, a source familiar with Sondland's testimony said that Sondland cited, in addition to the investigations, that the aid may have been frozen because the Europeans weren't giving Ukraine enough and corruption in general. The source said Sondland was only speculating when he referenced the political investigations into the 2016 election and Burisma."He made very clear in his testimony that nobody would give him a straight answer" about why the aid was being held up, the source said about Sondland's testimony. 3148
There are many changes planned to revamp Nashville International Airport including the newly unveiled parking garage. Part of the plan is to give the airport a face lift which includes replacing the terminal carpet that surprisingly has garnered popularity.The brown carpet with its unique lines and swirly designs was installed in 2010. Earlier this year, the BNA carpet gained its own Instagram account with more than 6,500 followers and over 100 posts.Its Instagram stories is flooded with travelers tagging the account as they typically walk through the airport and show the carpet.In case you are a fan, you can purchase clothes, shoes, luggage, and phone covers with the same pattern on an online merchandise boutique called Ray Reid. The popularity also resembles the love for the iconic, retro carpet at Portland Airport before it was removed a few years ago. It also had social media accounts and countless merchandise that offered the pattern.Airport officials in Nashville are aware of the BNA carpet fame. However, it will slowly phase out by the start of the summer of 2020.By 2023, it will all be updated with either terrazzo or new (with a different pattern) carpet, according to a BNA spokesperson. The changes are all part of a bigger picture called BNA Vision. The plan will include demolishing the existing Short Term Parking Garage next month to make room for a bigger and more modern garage.Expansion is also underway for Concourse D and terminal wings, and people should start seeing visible of that in January when steel starts going up. Concourse D will add six new domestic aircraft gate, a variety of restaurants and retail options, and a live music stage. It is expected to be completed by 2020.Additionally, there will be a major renovation of the terminal lobby, which means expanding security screening checkpointsAll of the BNA Vision plan is expected to be finished by 2023. 1918
The Senate passed a stop-gap spending bill on Wednesday night in an effort to keep the government funded and prevent a partial shutdown at the end of the week.A shutdown hasn't been averted just yet: The measure will still need to be approved by the House of Representatives and signed by President Donald Trump before it can take effect.But the Senate's passage of the short-term measure brings Washington one step closer to staving off a shutdown of some key federal agencies, set to expire at midnight on Friday, just days before Christmas.The Senate worked late into the night on Wednesday evening to pass the measure, which had appeared to have hit an impasse earlier in the day over a push to advance public lands legislation.Earlier on Wednesday, McConnell introduced the measure which would fund the remaining parts of the government through February 8, 2019.McConnell's proposal has the backing of the top congressional Democratic leaders Nancy Pelosi and Chuck Schumer, and top congressional Republicans have indicated they are optimistic that the President would sign the measure.Senate Majority Whip John Cornyn, the current no. 2 highest-ranking Senate Republican, predicted on Wednesday that Trump would sign it."He will sign a clean CR," Cornyn told CNN.Pelosi, the House Democratic leader who is poised to reclaim the speaker's gavel in the new Congress, said Wednesday afternoon that she supported the measure."This is a missed opportunity to pass full-year funding bills now," Pelosi said in a statement. "However, Democrats will be ready to fully, responsibly fund our government in January, and we will support this continuing resolution."Senate Democratic Leader Chuck Schumer said during a speech on the Senate floor, "Thankfully, President Trump appears to have backed down from his position for billions in direct appropriations for a border wall."Republicans and Democrats on Capitol Hill have made clear they don't want a shutdown, but had been at an impasse over the President's demand for billion in funding for his long-promised wall at the US-Mexico border.Democrats have made clear that figure is a non-starter for them and any spending bill would need at least some Democratic votes to pass in the Senate.Of course, no spending measure is final until the President signs it.But on Tuesday, the White House appeared to step away from the brink of a shutdown.White House press secretary Sarah Sanders said Tuesday morning during an interview with Fox News that, "We have other ways that we can get to that billion (for a border wall)."Members of the conservative House Freedom Caucus and other conservative allies of the President plan to give brief speeches on the House floor Wednesday night, however, urging Trump not to abandon his quest for border wall funding.They include: Mark Meadows of North Carolina, Jim Jordan of Ohio, Paul Gosar of Arizona, Steve Pearce of New Mexico, Jody Hice of Georgia, Ralph Norman of South Carolina, Andy Biggs of Arizona and Morgan Griffith of Virginia.Despite opposition from the Freedom Caucus, however, the House should still have the votes to still pass the continuing resolution, assuming most, if not all, Democrats support it, since it has Pelosi's blessing.But even as members of the Freedom Caucus are poised to urge Trump not to abandon his quest for border wall funding, White House officials say it's likely the President will do just that -- and sign a short-term spending bill to avert a partial government shutdown.The President has been unusually quiet about the issue on Wednesday, holding his tongue as some conservative commentators and lawmakers blast him for abandoning his commitment.But two White House aides said the President likely has no choice but to sign a temporary funding measure to keep the government open until February 8. The aides say the White House is intentionally not signaling what Trump will do, but there does not appear to be talk inside the West Wing of blocking it.White House counselor Kellyanne Conway hinted earlier that Trump is leaning this way when she told reporters at the White House the President will "take a look at" the continuing resolution, though she attempted to frame any punt as something other than a concession from the White House.All this comes a week after the President said he'd be "proud" to shut down the government, so delaying the funding fight until Democrats retake the House next year is a fairly clear concession -- and a risky one. Although Republicans clearly don't have the votes to support his request. 4573
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