Recent content from Patrick Kennedy
Thrivent Trust acquires Atlanta-based Ronald Blue & Co.
Ronald Blue is one of the largest fee-only wealth-management firms in the country.
Tennant loses money in second quarter despite record revenue
Costs associated with an acquisition and a restructuring affected earnings.
Henneman to succeed Theobald as Mairs & Power CEO
Mark Henneman, currently chief investment officer, will be Theobald's successor.
Calyxt stock rises as it become Minnesota's newest public company
Company sells more shares than expected in its initial public offering of stock but at the low end of its offering range.
Higher expenses hurt C.H. Robinson's second-quarter earnings
Profits squeezed by higher expenses, firm's CEO says.
High turnover a bigger factor than usual in Minn. executive pay raises
Annual Star Tribune executive compensation report: Stock gains, severance payouts contribute to salary increases.
Fastenal reports strong second-quarter results
Onsite sales and service locations helped drive its best results since 2014.
Strong first half for stocks, though Minnesota index lagged
State companies were paced by smaller players like Tactile Systems, Graco.
Select Comfort stock gets bump after acquisition rumor
Some analysts question whether a merger with Tempur Sealy would be a good fit.
H.B. Fuller's second quarter income off 22 percent
CEO says spike in raw materials costs plus timing of price increases impacted the adhesives company's results.
Agricultural biotechnology company Calyxt files for IPO
The company, with roots at the University of Minnesota, is seeking to raise $50 million.
Known for Sleep Number beds, Select Comfort will soon call itself that
The change will unify the company's identity.
Russell Swansen stepping down June 30 as Thrivent's chief investment officer
The chief investor will be replaced by David Royal.
Patterson CEO Anderson out, former chief Wiltz in as interim leader
The shake-up comes after the company posted a second annual decline in profit.
Valspar reports last earnings as independent company
The acquisition by Sherwin-Williams should close Thursday.
Regis looking at strategic alternatives for mall-based salons
Company aiming for "strategic alternatives" to mall salons.
Obituary: BCA agent Lee Urness wrote book on hunt for serial killer Cunanan
Lee Urness was destined to follow his father, Douglas County Sheriff Howard Urness, and his grandfather and great-grandfathers before him, into a law enforcement career.With…
Christy Morse retiring as CEO of Margaret A. Cargill Philanthropies
Paul Busch, the organization's president, will fill her role.
Toro posts strong results for second quarter
Bloomington-based company raises guidance for rest of the year.
The Star Tribune 100 is now the Star Tribune 50 — here's why
Three decades of declining interest rates making debt financing more attractive, increased access to private equity dollars, robust mergers plus acquisition activity have all contributed…
ASV becomes Minnesota's latest public company
ASV Holdings Inc. did not raise as much money as expected Friday after it priced its initial public offering of stock at $7 per share.
CEO Pay Watch: Best Buy's Hubert Joly made $16.8 million last fiscal year
Joly has generally been rewarded for achieving goals in the company's Renew Blue long-term strategic plan.
New Regis CEO knows he has big turnaround job ahead
The Edina-based company's stock is trading at its lowest point in nine years after posting another quarterly loss and declining revenue figure.
CH Robinson beats Wall Street estimates despite continuing competitive pressues
It beat projections with its first-quarter performance.
MyPillow lays off 140 workers because of slower sales
CEO Mike Lindell says a delayed advertising campaign has contributed to inventory glut.
TCF first-quarter earnings hit because of restructuring and technology costs
President says bank is in "seventh inning" of auto finance business changes.
Evenstad family sells Upsher-Smith Labs generics business to Japanese firm for $1 billion
Upsher-Smith may add jobs after the transaction.
Select Comfort more than doubles first-quarter earnings per share
The results handily beat analysts' expectations.
Fastenal hits the mark on first-quarter earnings
The company saw a more than 6 percent increase in both sales and earnings.
CEO Pay Watch: Compensation for Buffalo Wild Wings' Sally Smith decreased 67 percent
Sally Smith Buffalo Wild Wings Inc. President, CEO Total compensation: $3,393,662 for the year ended Dec. 31, 2016 Salary: $875,000 Nonequity incentive pay: $374,605…
ASV construction equipment maker could be going public again
The Grand Rapids company filed papers for an IPO to raise $36 million.
H.B. Fuller opens R&D facility in India
The new center is part of a $20 million investment in the region.
CEO Pay Watch: Deluxe's Lee Schram made $7.4 million last year
Lee Schram Deluxe Corp., CEO Total compensation: $7,445,143 for the year ended Dec. 31, 2016 Salary: $925,833 Nonequity incentive pay: $1,083,745 Other compensation: $21,287…
CEO Pay Watch: Graco's Patrick McHale made nearly $8 million last year
Patrick McHale, Graco Inc., President, CEO Total compensation: $7,977,846 for the year ended Dec. 31 Salary: $772,900 Nonequity incentive pay: $466,021 Other compensation: $13,961 Exercised…
CEO Pay Watch: Ameriprise CEO earned $15.1 million in 2016
James Cracchiolo Ameriprise Financial Inc. Chairman, CEO Total compensation: $15,083,018 for the year ended Dec. 31. Salary: $1,025,000 Nonequity incentive pay: $6,258,000 Other compensation:…
CEO Pay Watch: Tennant's Chris Killingstad made $2.5 million last year
H. Chris Killingstad Tennant Co. President, CEO Total compensation: $2,546,846 for the year ended Dec. 31 Salary: $710,517 Nonequity incentive pay: $783,359 Other compensation:…
Jay Z in collaboration with Twin Cities asset management firm
Jay Z and the company formerly known as Imation Corp. are collaborating on a new subsidiary that will be part of Jay Z's entertainment company,…
Donaldson cautiously optimistic after beating Q2 expectations
CEO says stabilization of market conditions helped, but future's still uncertain.
Obituary: Peter Frechette, former Patterson CEO, also known for philanthropy
Peter Frechette, former chairman and CEO of Patterson Companies, is considered "the modern day founder of the company." In his earlier life, as a U.S.…
CEO Pay Watch: Polaris' Scott Wine's compensation declined 70 percent in 2016
Scott Wine Polaris Industries Inc. Chairman, CEO Total compensation: $5,603,493 for the year ended December 31, 2016 Salary: $985,000 Nonequity incentive pay: $0 Other…
More companies embrace virtual annual shareholder meetings
In the age of technology, some see cost savings and increased participation with the option.
Professional landscapers help Toro post record results
The Bloomington firm beat analyst expectations with a "solid" first quarter.
Tennant announces $350 million deal for Italian company
The company's biggest ever acquisition was announced along with positive fourth quarter earnings.
Dental unit hampers Patterson results
The company also saw margin pressure in its animal health business.
Deluxe Corp. is buying Canadian company RDM Corp. for $70 million
Purchase of software maker will help the firm expand services to banks.
CEO Paywatch: Toro's Michael Hoffman made $21.5 million
The fiscal year that ended Oct. 31 was Hoffman's last as CEO. Now retired, he remains as board chairman.
Select Comfort misses mark in fourth-quarter results
But the company says it already has seen a pickup in sales at start of 2017.
C.H. Robinson reports better-than-expect results in Q4
C.H. Robinson reported better-than-expected fourth-quarter results in what the company called a challenging transportation market. For the last several quarters the company has been contractually…
Minnesota corporate deals topped $50B in 2016
The St. Jude Medical blockbuster countered a slight decline from 2015.
Local money pros see Dow's close above 20,000 as a confidence boost
Local money pros see the 20,000 mark as good sign for investor psychology.
Better Business Bureau names Adams Loyd as president and CEO
She will take over Jan. 30, replacing Dana Badgerow.
Great Clips CEO stepping down at end of year
Long-term succession plan at hair salon chain results in promotions on leadership team.
H.B. Fuller ends fiscal year on a strong note
The industrial adhesives company reported 56 percent increase in net income during fourth quarter.
Founder of Eagan-based CaringBridge to retire
Mehring wants to spend time encouraging positive uses of technology.
Fastenal shares jump 5 percent as sales, profit gains resume
The company's shares jumped 5 percent and reached a 52-week high after the news Wednesday.
Minnesota sees fewest venture capital deals in a dozen years
The deals raised $339.4 million for 23 companies.
Volatile outlook for stocks could benefit financial pros
Cheaper, passive investment options have ruled lately.
Minnesota investment professionals see the bull market marching on in 2017, but with more volatility
The Trump administration will usher in a lot of change that could propel the stock market and economy out of slow growth. But the participants in our annual Investors' Roundtable said there could also be some pain along the way.
Select Comfort's new bed tracks how you sleep, and then does something about it
Select Comfort and Resound were Minnesota's innovation winners at CES, the big tech trade show.
Valspar results affected by merger costs
The company absorbs $19M in expenses for Sherwin-Williams deal, but still increases profits.
CEO Paywatch: Ron Konezny, Digi Interntional
Ron Konezny, Digi International Inc. president, CEO Total compensation: $1,774,863 for the year ended Sept. 30, 2016 Salary: $465,000 Nonequity incentive pay: $776,550 Other compensation:…
H.B. Fuller cutting 40 local jobs as part of restructuring, 220 positions overall
The $17 million to $20 million restructuring is part of the company's 2020 strategic plan.
Bloomington-based Toro reports record annual earnings of $231 million
A strong fourth quarter put the Bloomington company over the top.
Donaldson's first-quarter earnings jump 50 percent
CEO is cautious, but firm sees encouraging signs.
Patterson stock drops after disappointing quarter
The company missed expectations and lowered guidance for the year.
Stratasys shares drop sharply after disappointing third-quarter results
Revenue dropped for the fifth quarter in a row for the maker of 3-D printers.
Investors take stock of a Trumped-up market
Shaking off the campaign rhetoric, market watchers are embracing the prospect
Investors bet Trump will boost spending and cut taxes, Minnesota analysts say
American investors looked on the upside of Trump's victory, seeing the prospect of more spending and eased regulations.
Datalink Corp. will be acquired for $258 million by Insight Enterprises
Eden Prairie-based data center services provider merging with Insight Enterprises of Arizona.
Toro agrees to buy German maker of irrigation equipment and sprinklers
Regnerbau Calw makes the Perrot brand.
Securian Financial Group to spend $142 million on Canadian acquisition
Securian Financial Group is making the largest acquisition in its history to expand outside the United States for the first time. St. Paul-based Securian is…
Select Comfort moving headquarters to downtown Minneapolis
It's leaving Plymouth in the latest and one of the largest moves by companies into Minneapolis in the past few years.
Profits down for C.H. Robinson in the third quarter
C.H. Robinson Worldwide reported third-quarter results after the market closed on Tuesday. The Eden Prairie-based global logistics firm earned $129 million in the quarter or…
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