Africa e-tailer Jumia reports first full-year results post NYSE IPO

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Africa e-tailer Jumia reports first full-year results post NYSE IPO

Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates …
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Jabil cuts outlook as coronavirus curbs manufacturing for tech giants, 5G ecosystem

Live. How coronavirus concerns ended the mobile industry’s largest event The announcement followed two weeks that saw several major exhibitors withdrawing from the Mobile World Congress in Barcelona. Contract equipment manufacturer Jabil cut its …
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Tupperware shares crater 43% to record low after profit warnings and news of Mexico accounting probe

Food storage company issues profit warning and says it’s seeking covenant relief from creditors of $650 million of debt. Getty Images. By. CiaraLinnane. Corporate news editor. Shares of Tupperware Inc. tumbled to a record low on Tuesday, after the maker of …
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Charlotte helping build new solar farm big enough to power 10000 homes per year

Charlotte is now in the solar energy business, following a city council vote Monday night to partner in building a 35-megawatt solar farm in Iredell County. The city says that, with Monday’s vote, Charlotte became the most populous U.S. city to obtain renewable …
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39 States Investigating Juul's Marketing of Vaping Products

HARTFORD, Conn. — Investigators from 39 states will look into the marketing and sales of vaping products by Juul Labs, including whether the company targeted youths and made misleading claims about nicotine content in its devices, officials announced …
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