Fruit producer Dole targets $2.1 billion valuation in IPO

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Dole Plc said on Monday it planned to raise as much as $598 million in an initial public offering on the New York Stock Exchange, aiming a valuation of more than $2.1 billion for the fruit and vegetable grower.

PACKAGED LETTUCE SOLD AT WALMART, OTHER MAJOR RETAILERS RECALLED OVER SALMONELLA CONCERNS

The company, formed earlier this year by the merger of Total Produce PLC and Dole Food Company Inc, said it was looking to offer 26 million shares priced between $20 and $23 per share.

ROBINHOOD INITIAL PUBLIC OFFERING TARGETS $35B VALUATION

Dole filed paperwork earlier this month with regulators to return to the U.S. stock market as part of a deal that saw the 98-year-old billionaire owner David Murdock finally give up the reins of the company.

Murdock, who built what was originally a Hawaiian pineapple growing business into one of the world’s biggest fresh food producers and distributors, stepped down from the board earlier this year as part of the merger with Total Produce.

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Dole plans to list under the ticker symbol "DOLE".

Biden, Brady trade zingers at White House event for Super Bowl champs

President Joe Biden welcomed the Super Bowl champion Tampa Bay Buccaneers to the White House Tuesday, praising the team for helping the country get through the pandemic with some sense of normalcy, and trading some zingers with MVP quarterback Tom Brady.

As the event got underway, Biden gave a special shoutout to Chris Godwin, a wide receiver on the team and Delaware native.

“You know, born in Pennsylvania, raised in Delaware right come from, that’s a heckuva combination man,” Biden said.

He then took good-natured aim at Brady and coach Bruce Arians.

“You know, a lot has been made about the fact that we have the oldest coach ever to win a Super Bowl and the oldest quarterback to win the Super Bowl. Well, I’ll tell you right now, you won’t hear any jokes about that from me. As far as I’m concerned, there’s nothing wrong with being the oldest guy to make it to the mountaintop. That’s how I look at it,” Biden, who at 78 is the nation’s oldest serving president, joked.

Netflix: “Time Is Right” For Gaming As Streamer Plans Expansion, Videogames To Be Included In Monthly Sub

Netflix has given its first real hints about its push into video games.

The streamer said that the “time is right to learn more about how our members value games” and added that original games would be included in the existing subscription cost, rather than be an add-on.

This comes after it hired former Facebook and Electronic Arts exec Mike Verdu to bolster its move into gaming. He joins as VP of Game Development.

“We’re also in the early stages of further expanding into games, building on our earlier efforts around interactivity,” Netflix noted in its second-quarter shareholders’ letter.

Netflix Bosses Say Streamer Hasn’t Seen Compelling Large-Scale Deals To Do Even As Consolidation Grips Industry

The company added that it wants to build on what it has done with projects such as Black Mirror: Bandersnatch and its Stranger Things games and that its initial push with be focused on games for mobile devices.

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“We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV,” it added. “Games will be included in members’ Netflix subscription at no additional cost similar to films and series. Initially, we’ll be primarily focused on games for mobile devices.”

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McConnell says bipartisan infrastructure will not be slowed by floor defeat

WASHINGTON (Reuters) – U.S. Senate Minority Leader Mitch McConnell said on Tuesday that efforts to pass a bipartisan infrastructure bill in the Senate would not be slowed down if Democrats lost a procedural vote to begin debate on Wednesday.

Canadian National Railway Co Q2 adjusted earnings of C$1.49 per share

Canadian National Railway Co (CNR.TO) revealed earnings for its second quarter that climbed from the same period last year.

The company’s profit totaled C$1.03 billion, or C$1.46 per share. This compares with C$0.55 billion, or C$0.77 per share, in last year’s second quarter.

Excluding items, Canadian National Railway Co reported adjusted earnings of C$1.06 billion or C$1.49 per share for the period.

The company’s revenue for the quarter rose 12.1% to C$3.60 billion from C$3.21 billion last year.

Canadian National Railway Co earnings at a glance:

-Earnings (Q2): C$1.06 Bln. vs. C$0.91 Bln. last year.
-EPS (Q2): C$1.49 vs. C$1.28 last year.
-Revenue (Q2): C$3.60 Bln vs. C$3.21 Bln last year.

Ariel Henry formally appointed prime minister of Haiti in ceremony

PORT-AU-PRINCE (REUTERS) – Ariel Henry on Tuesday (July 20) formally assumed the post of Prime Minister of Haiti, taking over the role weeks after President Jovenel Moise was gunned down.

Henry assumed the role of the leader of the Western Hemisphere’s poorest nation in a ceremony in the capital Port-Au-Prince.

Outgoing premier Claude Joseph said Henry’s appointment was intended to facilitate elections.

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