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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

This is the time for Mexico, with the help of the United States, to wage WAR on the drug cartels and wipe them off the face of the earth. We merely await a call from your great new president!— Donald J. Trump (@realDonaldTrump) November 5, 2019 256

The show will not go on at The Metropolitan Opera for Plácido Domingo.The opera star will not be performing his role as Macbeth in the Met's production of the Giuseppe Verdi classic and will not perform any production at the venue again, bringing to an end a professional relationship that began in 1968, according to statements shared with CNN."The Metropolitan Opera confirms that Plácido Domingo has agreed to withdraw from all future performances at the Met, effective immediately," the statement from a Met spokesperson said. "The Met and Mr. Domingo are in agreement that he needed to step down. The Met has no further comment at this time."Domingo's image was removed from the "Macbeth" page on the Met Opera's official website at roughly 6 p.m. ET. "Macbeth" was set to open Wednesday with Domingo in the lead role.He was set to perform September 25, 28 and October 1. He was also set to perform four dates November in "Madama Butterfly.""While I strongly dispute recent allegations made about me, and I am concerned about a climate in which people are condemned without due process, upon reflection, I believe that my appearance in this production of Macbeth would distract from the hard work of my colleagues both on stage and behind the scenes," Domingo added in a statement. "As a result, I have asked to withdraw and I thank the leadership of the Met for graciously granting my request."He added: "I am happy that, at the age of 78, I was able to sing the wonderful title role in the dress rehearsal of 'Macbeth,' which I consider my last performance on the Met stage. I am grateful to God and the public for what they have allowed me to accomplish here at The Metropolitan opera."Domingo's decision comes as he faces multiple accusations of sexual misconduct, which he has disputed and said were "riddled with inconsistencies."In August, The Associated Press reported that nine women detailed alleged incidents of sexual harassment that took place over three decades beginning in the late 1980s. In September, 11 more people came forward with allegations that included verbal harassment and groping.CNN was unable to verify their accounts."Due to an ongoing investigation, we will not comment on specifics, but we strongly dispute the misleading picture that the AP is attempting to paint of Mr. Domingo," Nancy Seltzer, a spokesperson for Domingo, told CNN in a statement in September.Domingo, 78, is regarded as one of the greatest opera singers of all time. He's won 14 Grammy and Latin Grammy Awards and performed with fellow tenors Luciano Pavarotti and José Carreras as part of the Three Tenors.He made his debut at the Metropolitan Opera at 27 and performed there for 51 consecutive years. 2722

'Tis the season for scammers and the calls coming to your phone are up nearly 130 percent since the same time last year, according to a study from 159

Trooping guards with bearskin hats, guns blasting at the Tower of London and a spot of afternoon tea launched President Donald Trump's long-awaited state visit to the United Kingdom on Monday.The elaborate displays of hospitality did little to prevent Trump from dispatching insults over Twitter as he descended into London.It was an appropriate start to a visit laced with controversy and steeped in tradition, delivered by a fractured nation for a hard-to-please guest."I think it'll be very important," Trump predicted as he departed the White House on Sunday evening. "It certainly will be very interesting."Indeed, the dramatics began even before Air Force One had touched down at Stansted Airport outside London. As he was descending, the President tweeted an insult of London's mayor, calling Sadiq Khan a "stone cold loser" for being "foolishly 'nasty' to the visiting President of the United States."Trump and Khan have engaged in a transatlantic spat over terrorism and security, and this week Khan called Trump "one of the most egregious examples of a growing global threat" 1097

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