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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 US Women's National Team sealed the deal with its fourth stunning victory Sunday at the World Cup, but the players are still fighting another battle back home.The soccer team's 2-0 victory against the Netherlands proved that the US women are still at the top of the game -- and, the athletes say, that they should be paid as equal to men."At this moment of tremendous pride for America, the sad equation remains all too clear, and Americans won't stand for it anymore. These athletes generate more revenue and garner higher TV ratings but get paid less simply because they are women," said Molly Levinson, spokeswoman for the USWNT players in their equal pay lawsuit."It is time for the Federation to correct this disparity once and for all."In March, 28 members of the USWNT sued the US Soccer Federation for allegedly discriminating by paying the women less than members of the men's national team "for substantially equal work and by denying them at least equal playing, training, and travel conditions; equal promotion of their games; equal support and development for their games; and other terms and conditions of employment equal to the MNT."The soccer federation and the plaintiffs last month tentatively agreed to mediation, which is expected to begin now that the World Cup is over.During the celebrations Sunday, the crowd at the soccer stadium in Lyon chanted, "Equal pay" in support of the women's efforts. 1435

The Trump administration will make a case in court to end a longstanding settlement governing detention conditions for immigrant children, including how long they can be held by the government.A hearing is scheduled before a federal judge Friday in Los Angeles over the so-called Flores settlement. The administration contends the 1997 agreement should be terminated since authorities have since issued new rules for custody conditions for children caught on the border.But immigrant and youth advocates say the rules fail to honor the settlement terms and would let the U.S. government keep children locked up indefinitely and in facilities that aren’t licensed by the state.The rules are one of a series of measures taken by the administration to crack down on asylum seekers on the Southwest border. 814

Thursday marks the 93rd Macy's Thanksgiving Day Parade, which will maneuver through the streets of New York in front of hundreds of thousands. The parade will feature a who's who of performers from 9 a.m. to noon ET. Here is a rundown of who is slated to perform this year:Billy PorterBlack Eyed PeasCeline DionChicagoChris JansonChris YoungCiaraDebbie GibsonDr. Janet L. KavandiIdina MenzelJosh Dela CruzKay HireKelly RowlandLea MicheleNatasha BedingfieldNCT 127Nia FranklinOzunaTenille TownesThat Girl Lay LayTLCMacy's said that 3.5 million people are expected to line the streets of New York, and 50 million viewers are expected to tune in on TV.The parade will use 1,600 volunteers dressed as clowns to handle dozens of balloons through the often blustery streets of Manhattan. This year's parade will feature 16 giant character balloons; 40 novelty balloons, heritage balloons, balloonicles, balloonheads and trycaloons; 26 floats; 1,200 cheerleaders and dancers; more than 1,000 clowns; and 11 marching bands.New balloons this year include an Astronaut Snoopy, Green Eggs and Ham, and SpongeBob SquarePants and Gary. These balloons are expected to be quite large. Macy's said that the Spongebob SquarePants and Gary balloon will be 44 feet tall, 46 feet long and 36 feet wide. The balloon requires 90 handlers. Here is a look at the parade by the numbers:2.5 miles: The length of the parade route8,000+ participants: Macy’s colleagues and their friends & families, celebrities, recording artists, athletes, Broadway performers, marching bands, clowns, dancers, cheerleaders and other performance groups 16: Giant character helium balloons62 feet: Height of tallest balloon 77 feet: Length of longest balloon2,793 marchers: Number of marching band participants from 11 bands1,000: Clowns240: Gallons of paint 300: Pounds of glitterJustin Boggs is a writer for the E.W. Scripps National Desk. 1913

The two prison staff members who'd been guarding the unit where Jeffrey Epstein died by apparent suicide failed to check on him that night for about three hours, The New York Times 193

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