Recent content from Patrick Kennedy
Fastenal seeing sales increase at faster pace
Despite hit from storms, growth was at its fastest clip in nearly three years.
Regis sells nearly 1,100 mall-based salons
The move makes the Beautiful Group the Edina company's largest franchisee.
H.B. Fuller has good quarter despite interruption caused by hurricane
Company reported adjusted net income for the quarter was up.
CEO Pay Watch: Donaldson's Tod Carpenter made $2.5 million last fiscal year
That was an increase from the $1.3 million he took home the previous fiscal year.
New C.H. Robinson system kept distribution moving during hurricanes, eclipse
Eden Prairie's C.H. Robinson launches a new supply-chain visibility platform that gives customers a better view of global shipments as they move closer to their destinations.
Chaska-area barn sports financial history lesson
Semiretired financial analyst brought his life work with him on his new adventure.
Minnesota sees third IPO of the year with Celcuity
Friday's closing of $13.63 was up 43.5 percent from the initial offering price.
Ameriprise's Columbia Threadneedle buying Lionstone Investments
Lionstone Investments manages $6B in assets.
Judge dismisses two claims in lawsuit against TCF, upholds consumer protection charges on overdraft fees
A U.S. district judge narrowed the scope of the case, dismissing counts regarding disclosures around electronic transfers but upholding claims of deceptive practices surrounding overdraft fees.
Allete buying Tonka Water in Plymouth
The purchase for subsidiary U.S. Water expands its water treatment business.
Donaldson reports an annual sales increase for first time in two years
Fourth quarter results boosted the fiscal year outcomes.
CEO Pay Watch: Regis' fired CEO Dan Hanrahan made $15.3 million last year
New CEO Hugh Sawyer received $585,000 sign-on bonus and will make $950,000 in base salary.
Toro CEO Rick Olson to succeed Mike Hoffman as chairman
President, CEO Rick Olson will be chairman Nov. 3.
John Egart, former CEO of in-line skate company First Team Sports, dies at 67
Together with fellow local company Rollerblade Inc., First Team Sports popularized the in-line skating industry in the 1980s and 1990s.
Innovation helps truckers meet logging-device deadline
Truckers must install a new tracking device by December. One20 and C.H. Robinson have paired up to make it easier.
CoCo expanding space in Grain Exchange building
15,000 square feet includes offices connected by skyway to original space.
Celcuity could become third Minnesota company to go public this year
The Plymouth-based company hopes to raise $15 million through an IPO.
Professional segment drives Toro Co.'s quarterly earnings
Net income was up more than 22 percent and beat analysts' expectations.
Changes to continue at Patterson Cos.
The company continued to struggle on the sales front in its first quarter of fiscal 2018.
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.
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