TikTok’s promise of 25,000 new U.S. jobs sets lofty goal

(Reuters) – Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they possibly create 25,000 new jobs in the United States?

That vow, repeated by the president on Saturday at a campaign rally in North Carolina, was part of a concession that dealmakers offered to convince Trump to green-light a transaction in which a new board comprised of U.S. citizens would oversee a new U.S.-based company and co-owned by Oracle Corp and Walmart Inc.

But the lofty hiring target will be tough to justify, experts said. Such a high number suggests an expectation for massive revenue growth at a time when TikTok faces unprecedented global challenges.

If TikTok operated at anywhere near the efficiency of other internet companies such as

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Singapore glass technology company sets up shop in Columbus – Business – The Columbus Dispatch

A Singapore company is moving to Columbus to find its niche in the emerging “smart glass” industry.

A Singapore company is moving to Columbus with the goal of transforming the emerging “smart glass” industry.

The company, Nodis, has developed what it says is a less-expensive way to produce glass that can be tinted and otherwise controlled by a user.

Nodis worked for five years in Singapore to develop its TruTint technology and is now moving its executive team to Columbus. The company plans to open a factory in central Ohio to manufacture its key “nano particle” component, which will be applied to a film in Korea before being shipped to glass manufacturers worldwide to embed in the final smart glass product.

“We use nano particles suspended in liquid that can be oriented when a voltage is applied, acting like a shutter on the window,” said Mike Holt, an adviser to

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Brazilian digital education provider Vitru sets terms for $258 million US IPO

Vitru, a leading provider of distance learning in Brazil’s postsecondary digital education market, announced terms for its IPO on Tuesday.

The Santa Catarina, Brazil-based company plans to raise $258 million by offering 11.2 million shares (47% insider) at a price range of $22 to $24. At the midpoint of the proposed range, Vitru would command a fully diluted market value of $530 million.

Vitru provides a hybrid digital education experience for undergraduates and continuing education, with courses covering over 200 subjects through its multi-format Virtual Learning Environment (videos, eBook, podcasts, and html text, among others). The company also operates digital education hubs, which offer in-person tutoring, supported by virtual mentoring.

Vitru was founded in 1999 and booked $91 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol VTRU. Goldman Sachs, BofA Securities, Itau BBA, Morgan Stanley, Bradesco

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First Bank & Trust Company Sets the Standard on Professional Development

ABINGDON, Va., Aug. 27, 2020 /PRNewswire/ — One of the biggest challenges for any business is employee leadership development commonly referred to as talent management.  Identifying and retaining the right employees is the key to maintaining a competitive edge.  First Bank & Trust Company devotes a significant amount of time and resources to managing and developing the talent management pipeline by attracting, recruiting and retaining world-class employees as part of its succession plan. ” data-reactid=”12″ABINGDON, Va., Aug. 27, 2020 /PRNewswire/ — One of the biggest challenges for any business is employee leadership development commonly referred to as talent management.  Identifying and retaining the right employees is the key to maintaining a competitive edge.  First Bank & Trust Company devotes a significant amount of time and resources to managing and developing the talent management pipeline by attracting, recruiting and retaining world-class employees as part of its succession plan. 

First Bank

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