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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 remains of Maleah Davis have been identified, authorities said Monday.Located in Arkansas on Friday during a search, the remains now have been positively identified as those of the missing 4-year-old girl, the Harris County Institute of Forensic Sciences said.The cause and manner of her death are still pending, according to the forensic institute.Maleah was reported missing in early May by her mother's former fiancé, Derion Vence. Vence initially told police that Maleah had been abducted by a group of men -- but investigators found signs of decay in his car and blood evidence in his apartment.Earlier Friday, Houston police had said child remains found in a bag in southwest Arkansas might belong to Maleah. 730

The Simpsons are heading back to movie theaters, and they'll be hitting the silver screen sooner than anyone could have imagined.The show's official Instagram account announced the family from Springfield (state unknown) will return to theaters in a short film ahead of Pixar's Onward, which hits theaters March 6. 327
The US military has flown an increased number of reconnaissance flights in international airspace off the coast of Venezuela during the last several days to gather classified intelligence about the embattled government of President Nicholas Maduro, according to two US defense officials.The officials would not detail which US military aircraft are being used, but the Navy and Air Force maintain several large fixed-wing aircraft capable of intercepting communications and monitoring the status of weaponry.The officials noted that the effort is limited to whatever the aircraft can gather by staying in international airspace.Several US military officials continue to emphasize there are no military options actively being considered for the Venezuela crisis. For now, the US military would only contemplate a response if US assets, personnel or the embassy were attacked.Venezuela is in crisis as self-proclaimed interim president Juan Guaido battles Maduro for control.Guaido has called for other nations to send aid to the country in response to worsening food and medicine shortages. Maduro denies a humanitarian crisis exists in Venezuela and says the aid efforts are part of a coup attempt.Over the weekend, violence broke out when the Venezuelan military blocked aid convoys at the country's border.In the state of Tachira, along the border with Colombia, more than 300 people were hurt in clashes that involved firearms and Molotov cocktails, said the Venezuelan government's special envoy for Tachira state, Freddy Bernal.He said the attacks were conducted by irregular groups protesting Maduro's government on the international bridges along the border between Venezuela and Colombia -- the Simon Bolivar bridge in San Antonio and the Francisco de Paula Santander bridge in Ure?a."We registered no deaths despite the violent attacks for more than 15 hours of battle" by groups on the international bridges fighting "against thousands of patriots who fought and defended themselves," he said. CNN has not independently verified the numbers of the injured in these clashes.The opposition group said five people were killed. CNN has not verified those numbers.In other developments:? The US Treasury Department 2231
TOKYO, Japan – The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the four other remaining areas in the country, ending the restrictions nationwide as businesses begin to reopen.Experts on a special government panel have approved a plan to remove the state of emergency from Tokyo and neighboring Kanagawa, Chiba and Saitama prefectures, and in Hokkaido to the north, which had more cases and remained under the emergency declaration after it was removed in most of Japan earlier this month.The state of emergency lasted for more than a month and a half.Economy Minister Yasutoshi Nishimura said lifting of the emergency does not mean the end of the pandemic. He said the goal is to minimize next possible recurrences of infections while balancing preventive measures and the economy.Prime Minister Shinzo Abe declared the state of emergency on April 7, first in parts of Japan including Tokyo, expanded it to the entire nation later in the month and extended it until the end of May. Unlike a European-style hard lockdown, Japan’s state of emergency is soft and largely a request for people to stay at home and for non-essential businesses to close or operate shorter hours, a strategy aiming at minimizing the economic damage.Tokyo and its three neighboring prefectures are to reopen schools, public facilities and businesses in phases in coming weeks while watching any signs of a resurgence of infections.Nishimura said recent data suggest that the infections have slowed enough, and the medical systems are under less pressure and that it’s time to gradually resume social and economic activity. Tokyo and Hokkaido, where more than a dozen new cases have been reported Sunday, still need to remain extra-cautious, he said.“We cannot completely eliminate the coronavirus to zero,” Nishimura said. “Even after the state of emergency is lifted, we must firmly take preventive measures based on our new lifestyles.”Japan has 16,580 confirmed cases and 830 deaths, according to the health ministry. 2044
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