Nonshavers, rivals bleeding Gillette as P&G takes $8B writedown

Hey, Gillette -- that's one painful nick! The 118-year-old razor maker's parent company, Procter & Gamble, on Tuesday revealed it will take an $8 billion writedown on the men's grooming brand. One big problem, according to P&G: Millennial men aren't shaving as often as their dads do. "Lower shaving-frequency has reduced the size of the...