Patrick Kennedy | Star Tribune
Reporter | Business, Research

Business reporter Patrick Kennedy covers executive compensation and public companies. He has reported on the Minnesota business community for more than 20 years.

Kennedy also has written about nonprofit organizations and mergers and acquisition activity.

Securian, Allianz fund accelerator program for insurance technology startups

The program is the latest accelerator in the Twin Cities and will be run by Gener8tor.

DiaMedica Therapeutics in Plymouth files for additional stock offering

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 software company MatrixCare to be acquired for $750 million

Bloomington-based MatrixCare will operate as stand-alone unit after sale.

Eight Mattress Firm stores in Minnesota to close as part of Chapter 11 bankruptcy

Eight of more than 30 Mattress Firm stores in Minnesota will close as a result of the company's Chapter 11 bankruptcy proceedings.

Tennant reports strong third-quarter earnings

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…

Ameriprise beats estimates for third quarter

The company's earnings were down, but remained within expectations.

Pentair beats third-quarter estimates

Pentair, still adjusting from the spring spinoff of its electric enclosures business, saw core revenue growth in its three operating segments.

Wealthy families making a difference with investments in Minnesota companies

Wealthy families displace private-equity firms by banking on the long term, like with St. Paul's Augeo.

SuperAmerica is becoming Speedway, and card holders need to take action

SuperAmerica rewards customers will have to transfer to a new customer loyalty program.

Strong manufacturing economy helps Fastenal's earnings

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…