Recent content from Patrick Kennedy
The program is the latest accelerator in the Twin Cities and will be run by Gener8tor.
A Plymouth biopharmaceutical company, DiaMedica Therapeutics Inc., is proposing a stock offering to raise $15 million for the development and commercialization of a new drug…
Bloomington-based MatrixCare will operate as stand-alone unit after sale.
Eight of more than 30 Mattress Firm stores in Minnesota will close as a result of the company's Chapter 11 bankruptcy proceedings.
Despite sales slowing in Europe and higher freight and raw-material costs, Tennant Co. raised its financial outlook for the remainder of the year after reporting…
The company's earnings were down, but remained within expectations.
Pentair, still adjusting from the spring spinoff of its electric enclosures business, saw core revenue growth in its three operating segments.
Wealthy families displace private-equity firms by banking on the long term, like with St. Paul's Augeo.
SuperAmerica rewards customers will have to transfer to a new customer loyalty program.
As production at factories and construction sites has picked up to levels not seen in years, the need for supplies from Fastenal has increased, producing…
It is the fifth and largest acquisition for the Minneapolis company.
The Houston-based company filed for Chapter 11 bankruptcy.
Mark Olson brought rural banking values to prominent public-sector positions in Washington, D.C., leading to appointments on the Federal Reserve Board of Governors and a…
Mendota Heights claims center is closing, part of a streamlining of operations nationally for the insurer.
The company emphasizes technology in its bed and brand awareness in its downtown Minneapolis offices.
Fuller's acquisitions helped its Q3 earnings to increase 50%, still missed analysts' expectations.
Augeo, a St. Paul-based provider of consumer and employee loyalty programs, sold a division that serves the financial services industry for $140 million. The unit,…
At Donaldson, a tricky companywide system upgrade in 2016 made a new e-commerce system possible this year.
Edina-based company is restructuring to improve profits.
Kummeth, who became CEO of the Minneapolis-based company in 2013, took home $4.75 million, a 78 percent increase over the previous year.
Bloomington company to pay about $103 million for BOFA International.
Bloomington-based company recorded sales of $2.7 billion in fiscal year.
CEO says it must do more to improve margins.
Homeowners bought more lawn mowers, both walking power mowers and zero-turn riding mowers, from Toro this summer after a long, wet spring dampened their sales…
The Edina-based hair salon company is now a leaner company.
Harmening got an increase to his base salary to $1.2 million that accounts for his new role as CEO.
The announcement came as Nortech reported its best quarterly profit in seven years.
The CFA Society's annual gathering captured economic optimism and industry worry.
Silicon North Stars introduces students to career possibilities.
Company expects freight market to remain strong.
Long an idea in the works, Toro's "super-utility" vehicle for turf professionals goes into official production in August.
If Supervalu leaves, the state will have 17 firms on the Fortune 500 list.
The company is looking to add 40 new stores in the second half of the year, CEO also says.
Tennant Co. announced progress in its integration of the Italian firm it acquired last year and said organic sales growth across its geographic regions contributed…
Marie Moilanen was a swimmer, runner, golfer, tennis player, kayaker and paddleboarder. Her friends and family say she enjoyed participating in sports — and helping others be physically active, too.
The rule does not offer apples-to-apples comparison.
On a down market day, Fastenal on Wednesday saw its stock rise 10 percent after reporting double-digit sales and earnings growth. CEO Dan Florness told…
Neugent joined Post after it bought MOM Brands; Howard Friedman will become CEO of Lakeville-based business from Kraft-Heinz.
The robust hikes of a year ago are fading in the rearview mirror, but market watchers remain measured about the volatility of the next few months
National construction spike pushed sales up 24 percent in the first quarter.
New CEO expects to "return to profit growth" in second half of FY 2019.
Old National to add 2nd Twin Cities community bank in $434M deal.
Midsize business leaders say fostering camaraderie and common purpose is essential to their companies' success.
Local investors have acquired Bloomington-based MidCountry Bank from a bank holding company in Macon, Ga.The seller, MidCountry Financial Corp., also owns consumer-banking operation Pioneer Services,…
Video-sharing platform already serves educators, students in 180 nations.
The region's strength may lie in the wide variety of Twin Cities firms
Company officials say the move would both boost its wholesale business and shareholder value.
Mark Gross, Supervalu Inc. president and CEO Total compensation: $2,830,334 for the year ended Feb. 24, 2018 Salary: $1,126,923 Nonequity incentive pay: $1,676,854 Other compensation:…
RV company acquires boat maker in an effort to diversify its portfolio.
The group behind a failed bid to hold the 2023 World’s Fair in Bloomington has joined with the Medical Alley Association for a new venture.…
New board leadership shakes up company's executive team.
One of the coldest Aprils in 20 years slowed sales of Toro Co.'s lawn mowers for residential users in North America and Europe.Yet sales to…
Frwd joins Bain's digital practice and will remain in Minneapolis.
A second-generation mortician, he took over his father's funeral home, Henry W. Anderson Mortuary, when his father died in 1967. Westen Anderson was in his early 30s then and stayed active in the business until recently.
Beyond the numbers from big public companies, accountants and lawyers say the new law will have even more profound effects on smaller firms.
Sleep Number is one of only 12 companies on the Russell 3000 with a majority female board.
The St. Paul company should be able to accelerate growth by becoming part of Blackbaud, CEO says.
After 12 years leading a transformation from paper to a digital market, Schram will stay until the board finds his successor.
About three-fourths of the company's shareholders rejected its latest payout to top executives.
The Bloomington company priced its initial public offering at $22 per share, which could result in proceeds that exceed $580 million by the end of the day.
Tennant is off to a strong start to fiscal-year 2018, with first-quarter revenue up 42.8 percent.The Golden Valley-based manufacturer of industrial cleaning equipment on Monday…
Mpls.-based company cited adjusted earnings of $3.70 per share.
The company's long-term success has also made Hemsley, who retired as CEO in September, a wealthy man.
The company, though, says it remains on track to meet 2018 earnings goals.
Snowfall numbers won't be in till Sunday, but here's a look at snow depths from other big storms.
Ibach's pay more than doubled in a year that saw a major product launch, corporate name change and move to a new headquarters.
Shares of Fastenal sank 6.2 percent Wednesday after the release of the company’s first-quarter results. The Winona-based company met Wall Street expectations, reporting a 13.2…
The Bloomington-based software firm wants to alter image, expand offerings.
Market's fundamentals undercut by trade-war discussions, tech cool-off.
His compensation was less than in 2016 because earned less from restricted stock awards.
Digi International, the Minnetonka-based provider of internet of things connectivity products for business, will cut 10 percent of its workforce as it shifts work done in its Eden Prairie plant to contract manufacturers.
The Royal Adhesives addition also allowed cost savings as the two companies integrate.
SPS, which provides cloud-based supply chain software and analytics, increased the size of its board from seven to 10 directors.
The move is to expand offerings to landscape and grounds professionals.
His $41 million realized from previously issued stock options fueled a 300 percent increase in his compensation.