Recent content from Patrick Kennedy
Bob Biesterfeld faces a number of challenges brought about by technological changes in the trucking and shipping industry, including increased digital competition.
The results, which were released after the markets closed Wednesday, had Sleep Number shares up more than 10 percent in aftermarket trading.
Bob Biesterfeld, now the COO, will be taking over for John Wiehoff in May.
High-profile deals slumped in 2018, but overall volume held firm.
Richard Olson, The Toro Co. chairman, president, CEO Total compensation: $2,829,831 for the year ended Oct. 31 Salary: $875,000 Non-equity incentive pay: $918,803 Other compensation:…
An acquisition proved disappointing and an equipment move dampened efficiency at the end of 2018.
The Indiana-based bank notified the state of the move as it integrates Klein into its network.
The window was short as fog moved in and the next few days are expected to be a mixed bag of weather.
Stuart Lee used one of the largest Indiegogo campaigns in Minnesota to fund his firm's Strike kayak
While the company met expectations, net revenue was nearly flat.
The company completed its first year as a stand-alone water company.
TCF, Chemical officials have been keeping an eye on each other since 2015
The merger of equals transaction will create a financial services company with $34 billion in total and 500 branches across nine states, primarily in the Midwest. The HQ will be in Detroit.
In 50 years of marriage, Dana and Cynthia (Walstrom) House built a family, started businesses and gave selflessly to others both locally and internationally. Former…
The cornerstone of the agreement was a plan to give the new 360 Smart Beds to all eligible players in the league in 2018.
Wex Inc. to buy Fargo-based Discovery Benefits for $425 million.
Earnings grew 11 percent during the company's Q4.
The deal aims to build one of the largest municipal finance advisory firms in the United States.
Among 72 major public firms, only 32 saw positive returns last year.
Anne Martin-Vachon had been with the shopping network for four months.
Low interest rates led to quantitative easing, which meant more capital was released to the markets.
The stock market continued its volatile ride in the last week of the year, with some of the widest swings ever seen. When the Star…
Lyle Berman is using a special-purpose acquisition company to get into the esports gaming industry.
Mary Ann Fath, a member of the Sisters of St. Joseph of Carondelet, spent 44 years working for St. Catherine University — 40 of them…
Mayo Clinic's top boss made $3.2M; see where other nonprofit leaders landed on our annual list.
Will fund sustainability research, scholarships and a new conference series.
Company still ended fiscal year with record earnings.
Firm facing pressure on slightly down gross margin.
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.