Recent content from Patrick Kennedy
IPO market remains a shadow of its former self
Investment banks have not seen initial offering revenue this low since mid-1990s.
Level and Rocket55 form joint venture called Workhorse Content
Rocket55 and Level believe their joint venture offers better analytics, content.
Obituary: Rabbi Moshe Weiss survived the 'Shark Tank,' but true love was education
Rabbi Moshe Weiss was a self-described “rabbipreneur” and inventor. He gained some fame when he appeared on the reality TV show “Shark Tank” in 2013,…
Donaldson fails to meet expectations for fourth quarter
Flat sale and a strong dollar limited income in the fourth quarter and for the year, but it's projecting a better 2017.
CEO Pay Watch: Regis' Dan Hanrahan made $2.6 million last fiscal year
Dan Hanrahan Regis Corp. president and CEO Total compensation: $2,556,484 for the year ended June 30 Salary: $882,000 Nonequity incentive pay: $1,315,694 Other compensation:…
Cogentix receives $25 million infusion of capital from Accelmed Growth Partners
Accelmed transaction helps clean up Cogentix's balance sheet and gives it cash to add to portfolio of products.
Great Clips celebrates 48 consecutive quarters of growth
Bloomington-based chain's CEO wants to step up pace of new salons opening in new markets.
Christopher & Banks does not meet its own expectations in second quarter
The company's stock was off 20 percent after reporting a dip in sales and a $4 million loss.
Patterson rescinds some stock options for CEO Scott Anderson
Because of a special one-time offering, the total stock could have exceeded the limit in the company's shareholder-approved compensation plan.
Toro records record quarterly earnings despite sales slip
The company said it was hit with unfavorable weather conditions and currency translations.
CEO Paywatch: General Mills' Ken Powell made $14.3 million last fiscal year
Ken Powell General Mills Inc. chairman, CEO Total compensation: $14,302,884 for the year ended May 31, 2016 Salary: $1,206,500 Nonequity incentive pay: $2,258,568 Other compensation:…
CEO Paywatch: Scott Anderson of Patterson Cos.
Anderson took home $4.1 million for the last fiscal year, but it does not include the grant-date value of new stock options and a one-time stock option grant.
Tactile Medical shares rise 10.8 percent on first day of trading
Tactile Medical on Thursday became the first Minnesota company in 18 months to go public.After lowering the price of its 4 million shares to $10…
Tactile Systems lowers IPO offering price
The move would mean it makes $46 million, instead of $78.2 million, if it goes public.
Ameriprise earnings drop in second quarter
Lower average equity markets and low interest rates hurt the results, CEO said.
Tennant posts positive second-quarter results, buoyed by record sales in Americas region
Stock was up more than 10 percent in morning trading.
Mergers-and-acquisitions business slowed in 1st half of '16
It's a trend locally and nationally, but analysts aren't worried after two "really good years."
Compensation for Minn. public company execs drops 19 percent
A soft economy generated reduced income for business leaders in the state and across the U.S. The format for executives' financial packages is continuing to evolve.
Fastenal shares drop after 2Q earnings miss
Fastenal Co. shares fell Tuesday after the company’s second-quarter results missed investor expectations. The Winona-based distributor of fasteners, construction and industrial equipment said its profit…
Summit Brewing, at 30, finds itself in tight craft beer market
More than 30 years ago, a serious home-brewer named Mark Stutrud wrote a letter to the head of the American Brewer's Association.
Northwestern Mutual's Timothy Bohannon believes in empowering his employees
Tim Bohannon, the GM of Northwestern Mutual, shares his leadership tips.
HelpSystems CEO believes in an open-book style of leadership
Chris Heim of HelpSystems doesn't believe you can over-communicate, shares company's financial results.
CEO Jim Nelson of ACR Homes believes in the power of happiness
Jim Nelson of ACR Homes uses positive reinforcement for his workplace culture.
Progress slow on reaching gender parity on corporate boards
In Minnesota, the percentage for all of the state's public companies is lagging behind the national average.
Obituary: Sister Patricia Binko opened music schools after studying with Suzuki
Patricia Binko took to music at an early age and was persuaded by her parents to take violin lessons starting in third grade. Years later Binko would teach violin using the popular Suzuki Method that she learned directly from Shinichi Suzuki in Japan.
Epoch Lacrosse expansion in Roseville paying off in new products
The company plans to have 65 percent of revenue from U.S.-made products by 2017.
Minn. public company profits down 11%, first big dip since recession
Strong dollar, oil slump are putting a drag on Minnesota corporate profits.
Even with gains and losses, state's business climate has remained remarkably resilient
With 25 years of gains and losses, Minnesota's economic climate has stayed strong, thanks to the state's unique business culture.
IPOs play a role in upcoming additions to the list
Tactile Systems Technology Inc. is the most likely company to be added to the Star Tribune 100. But the Minneapolis-based company first will have to…
Persistent low interest rates challenge U.S. Bancorp, Ameriprise and TCF
Driven in part by persistent low interest rates, the Twin Cities’ public financial firms saw flat revenue growth in 2015 as a group. The largest…
Acquisitions take out three companies from Star Tribune 100 ranking
Six companies are missing from last year’s list. Three of them are gone after being acquired. Three others are gone for a variety of reasons…
Cogentix moves up the most spots on Star Tribune 100
Minnetonka-based Cogentix Medical Inc. — a company born from two small medical device companies looking to grow — jumped the most spots this year on…
St. Jude, Valspar likely in last year on Star Tribune 100
Fewer than 40 companies from our original Star Tribune 100 list in 1992 are still on the 25th edition this year. Some have gone out…
Safco acquires maker of ergonomic furniture
New Hope-based firm expands reach with Focal Upright Furniture.
Ameriprise unit buys New York investment adviser Emerging Global Advisors
Columbia Threadneedle's deal for Emerging Global Advisors is expected to close later in 2016.
From fishing to yoga, Minnesota's Accent and Cannon make paddles for every use
The Accent and Cannon brands in Minneapolis have specialty products for fishing, racing, surfing and recreation.
St. Jude Medical deal sheds light on key Minnesota industry
St. Jude is the third largest medical device employer.
Pentair's profit flat as sales fell in valves, filters
The water products firm got a boost from an acquisition it made last summer.
UnitedHealth CEO Stephen Hemsley made $20.1 million in 2015
STEPHEN HEMSLEY | UnitedHealth Group Inc. Chief Executive Officer Total compensation: $20,093,213 for the year ended Dec. 31, 2015 Salary: $1,350,000 Non-equity incentive pay:…
Board fissure at Insignia made public through resignation letter
When Edward Corcoran resigned from the Insignia Systems board of directors, he took the unusual step of submitting a public letter to the board…
MTS adding to sensors business with purchase of PCB Group
$580 million acquisition was a "natural" choice for the local maker of test systems.
Move over bulls and bears, make room for the bunny stock market
The markets struggled back to positive territory in a first quarter that got off to a bearish start. Now, a 'bunny market' may be ahead.
CEO pay watch: Inge Thulin, 3M Co.
CEO Pay Watch 3M Co. Inge Thulin, chairman, president, CEO Total compensation: $15,620,581 for the year ended Dec. 31, 2015 Salary: $1,448,153 Non-equity incentive…
CEO Pay Watch: TCF Chairman William Cooper made $3.9 million in 2015
WILLIAM COOPER TCF FINANCIAL Co. CHAIRMAN AND FORMER CEO Total compensation: $3,941,789 for the year ended Dec. 31, 2015 Salary: $1,500,000 Nonequity incentive…
Graco CEO Patrick McHale made $4.2 million in 2015
Patrick McHale CEO of Graco Inc. Total compensation: $4,247,052 for the year ended Dec. 31, 2015 Salary: $750,400 Non-equity incentive pay: $910,538 Other compensation: $18,864…
Paywatch: St. Jude Chairman Daniel Starks made $13.5 million last year
Daniel starks St. Jude Medical Inc. Executive chairman Total compensation: $13,538,010 for the year ended Dec. 31, 2015 Salary: $1,110,000 Non-equity incentive pay: $1,453,545…
U.S. Bancorp CEO Richard Davis had $21.8 million in total compensation for 2015
Richard Davis chairman and CEO of U.S. Bancorp Total compensation: $21,754,748 for the year ended December 31 Salary: $1,300,000 Non-equity incentive pay: $2,304,900 Other compensation:…
Retired United Way CEO James Colville lived to give
Friends say James Colville was a critical thinker and problem solver who used his business background to help raise more than $1.2 billion for local…
Appliance Recycling Centers of America CEO Jack Cameron retires for second time
Tony Isaac is leading the firm on an interim basis.
Data storage shifts hurting Eden Prairie-based Datalink
The shifting preferences in the way corporations choose to store their data is having a negative impact on the margins of Eden Prairie-based Datalink.
CEO Pay watch: Willard Oberton, Fastenal Co.
CEO Pay Watch Fastenal Co. Willard Oberton, chairman, former CEO Total compensation: $614,089 for the year ended December 31, 2015 Salary: $572,292 Non-equity incentive…
Mitsui investment moves BioAmber project closer to reality
BioAmber Inc., which has its main office in Montreal and executive offices and a research facility in Plymouth, has a joint venture with Tokyo-based Mitsui…
Sit Investment Associates, Thrivent ranked in top three of Barron's/Lipper Fund Family list
Sit Investment Associates, Thrivent finish first, third in the fund rankings.
Sales force turnover helps trim sales guidance at SPS
Minneapolis-based SPS Commerce reported better-than-expected fourth-quarter results, but its revenue guidance for 2016 raised concerns for one analyst.
CEO Pay Watch: Michael Hoffman, The Toro Co.
CEO Pay Watch The Toro Co. Michael Hoffman, chairman and CEO Total compensation: $11,070,525 for the year ended Oct. 31, 2015 Salary: $960,000 Non-equity…
Piper Jaffray posts stronger-than-expected earnings
CEO Andrew Duff said this performance was four years in the making.
IPOs started strong in 2015, then the stock market stumbled
Despite strong years for mergers and acquisitions and venture capital funding, the appetite for initial public stock offerings waned in 2015, especially in the second half.
2015 was busiest for Minnesota deals since Great Recession
Minnesota firms stayed busy in 2015 with mergers, acquisitions.
Wells Fargo's John Stumpf named Morningstar's CEO of the Year
Last week Morningstar, the independent investment research firm, named Wells Fargo CEO John Stumpf its CEO of the Year.
Ameriprise's fourth-quarter results top expectations of analysts
The company has a solid fourth quarter despite soft markets and low rates.
Tactile Systems Technology registers for IPO
The move by Tactile Systems Technology, whose devices treat chronic conditions, could raise $86 million.
Andersen Windows debuts VeriLock, its integrated home security technology for windows and doors
Andersen's VeriLock technology can tell homeowners if windows and doors are open, but it also signals homeowners through a variety of connected devices if those windows and doors are locked.
Resignation of Silver Bay's CEO signals shift
The sudden resignation of a company's CEO generally signals more changes are ahead.
Analyst maintains 'outperform' rating on SPS Commerce after acquisition of ToolBox Solutions
The addition of ToolBox strengthens the Minneapolis-based SPS' foothold within the convenience, grocery and drugstore market.
Nautilus CEO visits Octane Fitness in Brooklyn Park
Bruce Cazenave, CEO of Vancouver, Wash.-based Nautilus Inc., was in town on Wednesday to visit employees and managers two days after his company acquired Brooklyn Park-based Octane Fitness.
Polaris Industries acquires maker of snowmobile helmets
Polaris Industries Inc. acquired 509 Inc., maker of carbon fiber snowmobile helmets and other products, adding to its portfolio of accessory brands.509, which started in…
Nautilus buys Brooklyn Park-based Octane Fitness
Brooklyn Park company makes a wide array of fitness equipment.
Analyst has long-term optimism for Stratasys
Stratasys stock has been down 69 percent this year, but Oppenheimer analyst Holden Lewis earlier this month reiterated his buy "outperform" rating after recent visits with company management.
Some nonprofits, hurt by the recession, are now expanding
Recent expansions are evidence of a turn in fortunes for successful small nonprofits that bit the bullet during the Great Recession and the lean years following when donations dipped.
Analysts: Medtronic deal starts to deliver consistent growth
Analysts have been keeping an eye on Medtronic's growth since the completion of the Covidien merger at the start of the year.
Former Donaldson CEO earned $4.85 million in last fiscal year
CEO Pay Watch Donaldson Co. Inc. William Cook, chairman Total compensation: $4,849,808 for the year ended July 31, 2015 Salary: $861,246 Non-equity incentive pay:…
CEO David Martin to take medical leave from Cardiovascular Systems
David Martin will focus on treatment for his cancer.
Russell King and Jacob Simms acquire Oak Ridge Financial Services
The firm will be run separately from King Capital and the Peter J. King Family Foundation.
TDK to buy Hutchinson Technology for $126 million
No layoffs were announced in the deal with the big Japanese electronics maker.
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