Recent content from Patrick Kennedy
Bloomington-based Donaldson may sell exhaust business to Wisconsin company
It has been considering options for its exhaust and emissions business.
Nearly all Minnesota companies caught in stock market sell-off
Shares in nearly all of Minnesota’s publicly traded companies were swept up Monday in a broad sell-off that was shaped by intensifying fears about the…
St. Thomas suspends enrollment in full-time MBA program
The University of St. Thomas has suspended enrollment into its full-time MBA and master's in accountancy programs and will eliminate 18 staff positions as a result, attributing the decision to shifting demographics and demands of its students.
Annual profits and innovation set Sleep Number apart from upstart mattress makers
Mpls.-based mattress maker defends its position as a leader in health-and-wellness sector.
St. Paul's Securian Financial expands Canadian business with Gerber Life Insurance policies
Acquisition gives subsidiary Canadian Premier a boost worth $2.7 million in premiums.
Another small Minnesota public company being acquired by an out-of-state firm
Enterprise video software maker Qumu Corp. to be acquired by Buffalo, N.Y. -based Synacor Inc. in an all-stock transaction.
One of longest tenured nonprofit CEOs retiring on a strong note
When Rydell retires in May, her 21-year tenure will be one of the longest among Minnesota nonprofit leaders.
CEO paywatch: Toro CEO's rose to $4.8 million
Richard Olson's salary was $925,000, but vesting performance shares added over $2 million to his compensation.
![Vista Outdoor CEO Chris Metz. ] Shari L. Gross • shari.gross@startribune.com Vista Outdoor moved its headquarters from Utah to Anoka, Minnesota last](https://stmedia.stimg.co/ows_158102086335680.jpg?h=120&w=180&fit=crop&bg=999&crop=faces)
Anoka-based Vista Outdoor's stock up more than 10% on strong earnings
The parent company of Federal Cartridge is finding its footing with restructuring plan.
Protolabs says global macroeconomic headwinds slowed customer activity
"Macroeconomic headwinds" blamed for slow customer activity.
Minnesota saw more deals in 2019, but with smaller price tags
Minnesota acquisitions, mergers went small in 2019
Minneapolis-based Ameriprise completes year of progress in advice and wealth management business
The company saw mixed results, with a profit decline because of hedges placed on variable annuities, among other charges.
Disruption in the U.S. trucking industry caused problems for Eden Prairie's C.H. Robinson in Q4
C.H. Robinson recorded earnings that were down 45.5% from the same period a year ago.
Report: Minneapolis-based software company seeking IPO
Software company Jamf said to be preparing for a confidential public offering.
Carlson family fund chooses Detroit Lakes T-shirt factory for its first big investment
Carlson Private Capital Partners makes its first platform investment in Lakeshirts/Blue 84 of Detroit Lakes.
Minneapolis-based private-equity firm raises $289M for new fund
The private-equity firm in Mpls. raises $289 million.
Bloomington-based Toro spends $167M to acquire tractor and equipment maker
Family-run Venture's implements complement its turf, grounds products.
Our stock index of Minnesota companies is undergoing some changes
Renaming is due to firm's biggest-ever acquisition.
Online used-car seller Carvana arrives in Minnesota
Minnesota rules require a used-vehicle dealer to have a physical location. Carvana's is an office.
Who's No. 1? Our annual ranking of Minnesota's top nonprofits
The list has long been dominated by the state's large nonprofit health care sector. Forty-six of the 100 organizations on the list are in health care, and they account for 90% of the overall revenue on the list.
Great Clips signs deal to be official hair salon of the NCAA
The brand will be at 90 collegiate events annually.
TCF signs naming-rights deal for the Mall of America's rotunda
Mall's large-event space gets a corporate sponsor, its first in 10 years.
Sleep Number, Protolabs receive nods for innovation at big CES trade show
Sleep Number won for its new smart bed, and Protolabs shared an award for the Wayzn Slide.
Investment pros predict growth ahead, but with some threats
At the Star Tribune's annual investors roundtable, eight top investment managers talked about the ups and downs of the stock market, plus their predictions for the coming year.
Minnesota stocks soared in '19 but couldn't keep up with sprinting markets
State's Piper index was up 21.6% last year, but lagged the national S&P, which rose 31%
How a handful of Minnesota stocks tell the story of a decade
The growth of UnitedHealth Group dominated the Minnesota business scene in the 2010s and made the company’s investors immensely wealthier. The Minnetonka-based health insurance and…
Toro annual sales top $3 billion for first time
The acquisition of Charles Machine Works helped push revenue growth to 20% for the fiscal year.
David Kidwell, former dean of Carlson School of Management, dies at 79
As the school's 10th dean, Kidwell raised its profile and fostered stronger relations between the school and local business leaders.
Winnebago says it is gaining market share in RV industry
Company reports better-than-expected Q1 results as it gains market share in the RV industry.
Minneapolis' Faegre Baker Daniels to merge with large Philadelphia law firm
The venerable Minneapolis firm will combine with Drinker Biddle & Reath to become of the 40 largest law firms in the U.S.
ApplianceSmart files for bankruptcy
ApplianceSmart, once based in Minnesota, has filed for Chapter 11 bankruptcy protection.
Employees of a Plymouth-based insurance company will now be shareholders as well
Parent company Integrity Marketing shared $50 million in past profits with its employees and is making them new shareholders.
Burnsville company is one of the world's leaders in weather information
DTN has had a few owners but now has the capital to make acquisitions, increase business.
Patterson top performer among Minnesota stocks after better-than-expected quarter
Shares of the Mendota Heights-based provider of supplies to dental and veterinary markets rose more than 14% in trading on Thursday, closing at $23.10 per share
'Long game' starting to pay off for logistics startup ProServ
Now five years in, the startup company has momentum.
Competitor accuses Sleep Number of unfairly controlling search-engine results
Sleep Number accused of suppressing web searches.
Eden Prairie's C.H. Robinson launches product aimed at increasingly complex logistics needs for smaller businesses
Freightquote by C.H. Robinson will assist smaller companies facing complexities.
Possible Faegre Baker Daniels merger would form one of nation's top 50 law firms
Resulting law firm would be in the nation's Top 50.
Hopkins internet of things company making $140M acquisition
Digi International is buying Opengear, a New Jersey company whose customers include Target and Best Buy.
Shareholder sues to stop Tile Shop delisting that is set for Friday
Shareholder says founder is tanking shares, asks court to halt "going dark."
BBQ Holdings, the company formerly known as Famous Dave's, is seeking a new CFO
The barbecue chain is searching for its fourth financial chief since 2014.
Freight slowdown erodes profit at C.H. Robinson; stock falls sharply
The logistics firm reported a slowdown in American trucking and tariff-affected drops in air and ocean freight.
Market uncertainty helped Ameriprise's advice and wealth-management unit
Minneapolis-based Ameriprise Financial has capitalized, seeing an 8% increase in profits for the quarter ended Sept. 30.
Plymouth's Tile Shop plans to delist shares from Nasdaq
The Plymouth company's shares fell by two-thirds after the announcement.
Minneapolis-based Sleep Number to refresh smart-bed lineup in 2020
Sleep Number's smart-bed lineup will get a refresh in the second half of 2020.CEO Shelly Ibach told analysts during the company's earnings call that while…
Six months after Irwin Jacobs' death, his fishing tournament firm is sold
Major League Fishing buys late Minnesota businessman's Fishing League Worldwide.
CEO Pay Watch: Donaldson's Tod Carpenter earned almost $9M last fiscal year
While Carpenter's bonus was less, his stock awards are worth more than previous year.
Minneapolis digital firm GoKart Labs acquired
West Monroe Partners, which already has 60 local employees, will combine the two operations in new space.
New Deluxe CEO focuses on solidifying shift away from legacy check business
Shoreview-based Deluxe has been known for paper checks, but continues to grow its suite of services.
Former CEO of Papa Murphy's pizza will now lead Snap Fitness
Onetime Papa Murphy's executive named new leader of Lift Brands, which owns Snap.
St. Paul's H.B. Fuller to realign business units to respond to customers more quickly
The reorganization was announced along with third quarter results in which sales were down.
Inheritance fight lays bare decades of tension in Jacobs family
The fight spilled into the open last week after lawyers for daughter Randi Jacobs won a temporary court order stopping her brother Mark and other siblings from conducting an estate sale at their parents' Lake Minnetonka home.
Son says Irwin Jacobs left more than $110 million in debts
Siblings hold differing views about the size of estate, which has led to a court battle.
Eden Prairie's C.H. Robinson pledges to spend $1B over five years on technology
The Eden Prairie-based company invested $1 billion in technology over the previous 10 years, so this doubles the company's investment pace.
Winnebago Industries to buy luxury RV maker for $344M
Winnebago, which is based in Forest City, Iowa, but managed out of Eden Prairie, is expanding its portfolio of premium recreational vehicles by acquiring Newmar Corp., based in Indiana.
Sleep Number's Melissa Barra: Diversity important to bake into corporate culture
Melissa Barra was named one of the 50 most powerful Latinas in business by the Association for Latino Professionals for America. As Sleep Number’s senior…
Bloomington-based Donaldson expects 'uneven' demand for its filters because of trade uncertainty
Filtration giant boosts R&D to increase profit margins as buyers grow more cautious.
Two Twin Cities employee engagement companies merging to form $350M firm
Augeo acquires MotivAction as companies are looking more broadly at their missions.
One of Minnesota's largest private firms to be acquired for $2.9 billion
New Brighton-based company will be publicly traded when J2 Acquisition Ltd. takes over.
Now that Mendota Heights' Patterson Cos. saw earnings increase, sales are down
Supplier of veterinary and dental products is working a 3-year plan.
Edina-based Regis selling rest of company-owned salons
Edina-based company plans to sell almost all its remaining corporate-owned stores.
Minneapolis-based SPS Commerce buys longtime business partner for $11.5 million
"As far as deals go, it was one of the easier to do just because we knew the people so well and they knew us," SPS's Archie Black said of purchasing the Mapadoc EDI division.
Merrill Corp., once a specialized printing company, is now centered on M&A software
It has divested its legacy printing companies to invest in the faster-growing suite of M&A data services.
Toro's quarterly sales up nearly 30% thanks to its largest-ever acquisition
Acquisition of Charles Machine Works brands helped drive the increase.
By the numbers: Target's exceptional day on the market
Target's investors have never had a day like Wednesday.
Grand Forks banking company, with large Twin Cities presence, files for IPO
Financial-services company is raising money to accelerate expansion, add acquisitions.
CEO pay in last four decades grew 940.3% while average worker's increased 11.9%
Over the same time period, the pay of an average worker has increased 11.9%.
On rough day for stocks, Minnesota's top execs make pitches to local investors
Top executives from about 40 Minnesota-based companies pitched their strategies for getting through the next year.
CEO: Keeping growth momentum biggest challenge in TCF-Chemical merger
Now that the merger is completed, CEO Craig Dahl says combining two successful operations without slowing progress is key.
John Greenman, World War II bomber pilot who got Northwestern National Bank back up after massive fire, dies at 96
By the Monday morning after the big 1982 blaze, Greenman had found an office for everybody in the bank building.
C.H. Robinson expects 'soft' freight market for rest of year
Amid softer demand for its transportation services, Eden Prairie-based C.H. Robinson reported an 8% increase in its second-quarter earnings per share.The third-party logistics firm earned…
M&A deals just keep on coming in Minnesota, U.S., but fewer since 2015
It's not as frothy as a few years ago, but a resilient economy keeps the buying and selling churning.
Bedmakers like Sleep Number beneficiaries of China trade dispute
Sleep Number shares surged in after-hours trading after it reported better-than-expected second quarter earnings after the market closed.
More Minnesota companies tying environmental, social goals to executive pay
Executive pay more often being tied to 'ESG' goals
Jaffray will soon disappear from the Piper Jaffray name
The Piper Jaffray name has been a vital part of Minnesota business history for more than 100 years. But before that name emerged as one…
