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 is a veteran player in the B2B ecommerce, payments, and marketing services industry.

Why Digital River is set to shut down

At its peak, Digital River processed over $30 billion in online transactions. It also served major clients such as Adobe, Lenovo, and VMware. However, the company’s financial troubles began in early January 2025, when it lost…

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 red flags with SARS but can also lead to serious legal and financial trouble, including criminal proceedings, potential liquidation and insolvency enquiries.

With SARS scrutinising businesses more closely, it’s important for business owners to understand what qualifies as a valid tax deduction under Sections 11 and 23 of the Income Tax Act. According to PJ Veldhuizen,…

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 Ernst & Young LLP, the company’s court-appointed monitor. Mississauga-based Pride Group filed for creditor protection in March, 2024, with $1.6-billion in debt after defaulting on more than 40 loans and was ordered to begin selling off its assets five months later.

The logistics business employs more than 500 people and includes 1,459 trucks and trailers. More than 1,000…

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February 3, 2025  |  By Mike Pieciak 

As Vermont’s Treasurer, I am committed to making investments that lower costs, strengthen our economy, and support healthier communities. I believe every Vermonter deserves a fair shot at success,  regardless of the situation they are born into. 

Yet, for too many Vermonters, the cost of health care stands in the way of investing in their future.  Vermont has some of the highest health care costs in the country, forcing Vermonters to either forgo necessary treatment or be burdened with medical debt through no fault of their own.  

We’re all just one health crisis away from being hit with medical debt, and that debt can linger for years,  dragging down credit scores and making it more…

If you’ve ever dealt with an account in collections, you know how miserable an experience it can be. Debt collection agencies really go after you.

But what if I told you it was possible to pay them half of what they ask and have the account removed from your credit reports?

I haven’t always been a credit card expert. Like most people, I’ve made mistakes and had to learn lessons the hard way.

I did truly terrible things to my credit when I was younger. When debt on my credit card was sold to collections, I didn’t really know what it meant or what to do. Luckily, the solution was so easy that it almost felt like a trick.

And I’m going to tell you about this trick. Here’s how I ended up with a debt…

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