Digital River cuts staff and will shut down headquarters

Digital River Inc. is set to shut down its Minnesota operations, according to multiple press reports and internal communications. The company will close its Minnetonka headquarters by the end of March, impacting 122 employees, including remote workers nationwide. A notice filed with the Minnesota Department of Employment and Economic Development confirmed the layoffs. Digital River…

Legal risks of using company funds for personal expenses

As the end of the financial year approaches for companies with a February 2025 year-end, business owners and directors are under considerable pressure to ensure their financial records are accurate and compliant.  A common pitfall for many business owners is running personal expenses through the company and incorrectly claiming deductions. This practice not only raises…

Pride Group co-founders secure financing to buy a portion of the trucking business out of liquidation

Open this photo in gallery: Transport trucks near the Port of Vancouver.DARRYL DYCK/The Canadian Press Part of the original Pride Group Holdings Inc. trucking empire will live on after liquidation. The company’s original co-founders, brothers Sam and Jas Johal, have secured financing to repurchase Pride Group Logistics Ltd. for $54.5-million, according to a report from…

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