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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 owners of Maximum Security, the horse that was disqualified at the Kentucky Derby, have filed a federal lawsuit, seeking to overturn the disqualification.The horse led the derby from wire to wire and crossed the finish line 1 3/4 lengths ahead of Country House but was disqualified for interference while turning for home. Stewards decided that Maximum Security impacted the progress of War of Will, which in turn interfered with Long Range Toddy and Bodexpress.The lawsuit, filed Tuesday in US District Court for the Eastern District of Kentucky, challenges the evidence and process used to disqualify Maximum Security. The suit claims the disqualification violated the plaintiff's right to due process because they could not appeal. The stewards "abused their discretion," the lawsuit says.Gary and Mary West, who own the 3-year-old colt, are seeking the reinstatement of the original order of finish."The insubstantiality of the evidence relied on by the Stewards to disqualify Maximum Security, and the bizarre and unconstitutional process to which Plaintiffs were subjected before and after the disqualification, are the subjects of this action," the lawsuit said.Maximum Security's owners and jockey Luis Saez "were denied any part of the ,860,000 share of the Derby purse as well as a professional accomplishment that any horseman would cherish for life, plus the very substantial value that a Kentucky Derby winner has as a stallion," the lawsuit said.The lawsuit names the Kentucky Horse Racing Commission, its members and the stewards as defendants.Susan West, a spokeswoman for racing commission, declined to comment on pending litigation.Country House was declared the winner. Chief steward Barbara Borden read a statement to the media after the ruling -- which said Maximum Security had veered out of his path -- but took no questions.After interviewing jockeys and watching video for nearly 20 minutes, all three stewards agreed to penalize Maximum Security."Despite the fact that no objection had been lodged by the owner, trainer, or jockey of War of Will or Bodexpress, the Stewards unilaterally determined that Maximum Security had committed a foul and then lied to the public that they interviewed the "affected riders" when they knew they did not interview War of Will's jockey, Tyler Gaffalione, nor Chris Landeros, Bodexpress's rider," the lawsuit said.Maximum Security was the "leading horse," the lawsuit said, meaning the colt is "entitled to any part of the track."Last week, the state commission last week swiftly denied Maximum Security's appeal of the disqualification, saying the stewards' decision is not subject to appeal, because there is no right to appeal a disqualification under Kentucky lawOn Sunday, the 2761

The Transportation Safety Agency is losing employees due to the government shutdown.At first, TSA officers were just calling in sick, and this was happening because none are getting paid during the shutdown, which is in Day 18. Now, some are resigning, according to the head of the TSA Council on the American Federation of Government Employees. 357

The suspect in the El Paso shooting reportedly admitted to the crime and told detectives that he targeted Mexicans in the shooting, according to the 161

This year's edition of the Marjory Stoneman Douglas High School yearbook features some very good boys and girls.Among the photos of students and staff are the furry, smiling faces of the 14 therapy dogs that have kept MSD students and staff company since the day they returned to school following last year's mass shooting.Their presence has brought joy and comfort when the MSD community needed it most, so it only seemed right to honor them with a special yearbook page and some expert canine portraiture."The kids love having the dogs on campus, and honestly, do so we," yearbook adviser Sarah Lerner told CNN.Lerner said the dogs are like celebrities around school, and the idea to include their pictures came after another resident dog, who belongs to the school's media specialist, got her picture taken on school picture day."The editors and I started talking, and we decided we wanted to have all the dogs in the book," Lerner said. So on make-up picture day, the photography area was crowded with eager, well-behaved dogs ready to say cheese for the camera.The result, well, speaks for itself. Who wouldn't crack a smile looking at those photogenic faces?"(The students) love it," Lerner said. "They think it's the greatest thing ever."But the dogs' presence on campus isn't just for smiles and laughs, and Lerner stressed that they're never a distraction to students."They are trained therapy dogs," Lerner said. "They're never unattended, they're always on a leash and they're so good-natured and well-mannered. They bring a sense of comfort and calm and relaxation. It's wonderful."Lerner said the dogs are brought to the school by volunteer handlers from various canine organizations. With a student body eager for moments of healing and goodness, it's no wonder the dogs quickly became like family.And yes, all of the students want them to sign their yearbooks. 1887