Recent content from Patrick Kennedy
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 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…
CEO Andrew Duff said this performance was four years in the making.
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.
Minnesota firms stayed busy in 2015 with mergers, acquisitions.
Last week Morningstar, the independent investment research firm, named Wells Fargo CEO John Stumpf its CEO of the Year.
The company has a solid fourth quarter despite soft markets and low rates.
The move by Tactile Systems Technology, whose devices treat chronic conditions, could raise $86 million.
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.
The sudden resignation of a company's CEO generally signals more changes are ahead.
The addition of ToolBox strengthens the Minneapolis-based SPS' foothold within the convenience, grocery and drugstore market.
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 Inc. acquired 509 Inc., maker of carbon fiber snowmobile helmets and other products, adding to its portfolio of accessory brands.509, which started in…
Brooklyn Park company makes a wide array of fitness equipment.
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.
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 have been keeping an eye on Medtronic's growth since the completion of the Covidien merger at the start of the 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:…
David Martin will focus on treatment for his cancer.
Ruling went against management consultant agency Accenture.
The firm will be run separately from King Capital and the Peter J. King Family Foundation.
No layoffs were announced in the deal with the big Japanese electronics maker.
U.S. Bancorp has been carefully monitoring expenses for the last several quarters as it anticipates a higher interest rate environment and more robust economic growth,…
Capella had better-than-expected enrollment growth but missed revenue projections.
Financial services paved the way as revenue rose 6 percent in quarter.
Company lowers guidance for fiscal 2016 but CEO says company positioned for future growth.
New corporate structure also organizes acquisitions under divisions.
Sherman Black resigned from the company's top job as part of a planned succession process
Shares of Tile Shop Holdings rose 14.5 percent Tuesday after the Plymouth company reported stronger-than-expected third-quarter revenue and earnings. The specialty retailer of manufactured and…
Equipment maker settles into new Roseville home, says it will greatly help R & D and design.
David Dale Ahern helped steal $860,000 in withheld employment taxes.
The stock market was on a record run, but now it's stumbling, and Minnesota is no exception.
The new entity would develop land not used for horsetrack operations.
Ryder Cup will be a showcase for Bloomington company
The deal would give Alerus five offices in the Twin Cities and Duluth.
Reemo is developing apps to keep elderly independent
David Martin will continue to lead the New Brighton company while getting treatment.
Kenneth Jennings is credited with using his humble manner and consummate musicianship to elevate an already world-class St. Olaf Choir. Jennings, 90, died Aug. 20…
Enforcement increased in officer's memory.
The longtime board member succeeds retiring chairman Christopher Twomey.
CEO Pay Watch Patterson Cos. Inc. Scott P. Anderson, chairman, president and CEO Total compensation: $2,258,990 for the year ended April 30, 2015 Salary:…
As Apple products grow in schools and other workplaces, the Minneapolis company will benefit.
Strong industrial and institutional gains offset sluggish energy sector.
213 deals involving a Minnesota buyer or seller reflected strongest market since 2008.
The fitness company is using proceeds from the sales to help pay for its leveraged buyout.
A $4 billion investment from private equity investors will take Life Time Fitness private and position it for further growth.
Prof. Vernon Albertson’s pioneering research on the effects of geomagnetic storms has saved the electric utility industry millions of dollars by helping to prevent blackouts…
Founder Jack Cameron will return after activist investor's slate of directors was elected.
The markets reaction to the first quarter revenue miss of Evine Live masked successful steps in their transformation.
The Star Tribune has joined with Piper Jaffray & Co. to create a new Minnesota stock index. The Piper Jaffray Minnesota index is an…
The Star Tribune had stretched its rules of inclusion the past couple of years to ensure that we had enough Minnesota-based public companies to have…
Few Minnesota companies have gone public in recent years, but that soon may change
Last week, Cardiovascular Solutions announced its third-quarter financial results. The company reported a net loss for the quarter and doesn’t expect to be profitable in…
Despite changes to pay and governance, more shareholders voted no than last year.
Life Time Fitness' buyout is just one of the deals in a quarter marked by low rates, available credit and companies looking to grow.
Proto Labs Inc., an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production, announced record first-quarter revenue of $58.5 million, up…
The small business and financial services provider met expectations.
Missing boy's identity is confirmed, but the "manner and cause of death" remain under investigation.
CEO Pay Watch Xcel Energy Inc. Benjamin Fowke III, chairman, president and CEO Total compensation: $7,315,660 for the year ended Dec. 31 Salary: $1,200,000…
CEO Pay Watch UnitedHealth Group Inc. Stephen Hemsley, CEO Total compensation: $66,125,208 for the year ended Dec. 31, 2014 Salary: $1,300,000 Non-equity incentive pay:…
4th-quarter revenue up 8.3 percent over last year.
Why a virtual portfolio of 42 Top Workplaces companies is outperforming the Standard & Poor's 500 index.
Eligible employees at Andersen Corp. will split $8 million.
CEO Pay Watch Piper Jaffray CompaniesAndrew Duff, chairman, CEOTotal compensation: $5,355,624 for the year ended Dec. 31Salary: $650,000Non-equity incentive pay: $3,403,400Other compensation: $312,136Exercised stock…
Columbia Threadneedle Investments brings two brands together with a new logo.
CEO Pay Watch Buffalo Wild Wings Inc.Sally Smith, president, CEOTotal compensation: $4,898,032 for the year ended Dec. 31Salary: $750,000Non-equity incentive pay: $1,184,725Other compensation: $161,634Value…
CEO Pay Watch St. Jude Medical Inc. Daniel Starks, chairman, president, CEO Total compensation: $6,823,764 for the year ended Dec. 31 Salary: $1,097,574 Non-equity…
His total compensation was $17,184,365 for the year that ended Dec. 31.
Evine Live in midst of ‘metamorphosis’ Evine Live reported its fourth-quarter and year-end results on Wednesday. The quarter was solid, with net sales up 4…
CEO Pay Watch Tennant Co. H. Chris Killingstad, president and CEO Total compensation: $2,779,614 for the year ended Dec. 31 Salary: $684,896 Non-equity…
CEO Pay Watch U.S. Bancorp Richard Davis, chairman, president and CEO Total compensation: $18,137,729 for the year ended Dec. 31 Salary: $1,200,000 Non-equity incentive…
George Zirnhelt, president and CEO of market research and consulting firm Power Systems Research, died Feb. 23 from injuries suffered in an accident while…
Downgrades for Fastenal, other distribution companies Last week, Ryan Merkel, an analyst with William Blair & Co., lowered ratings on several companies in the industrial…
New CEO 's first takeover, Motorfist, makes clothing, gear for snowmobilers.
CEO Pay Watch Fastenal Co. Willard Oberton Total compensation: $1,468,943 for the year ended Dec. 31 Salary: $597,500 Non-equity incentive pay: $867,564 Other compensation:…
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