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.


TruStone, Firefly OK merger to create second-largest credit union in Minnesota

The deal still needs regulatory approval.


Two of Minnesota's two largest business groups merging

The Minneapolis Regional Chamber of Commerce, TwinWest Chamber of Commerce are joining forces.


UnitedHealth, 15 other Minnesota companies make latest Fortune 500 list

Minnesota has 16 companies in this year's edition of the Fortune 500, with UnitedHealth Group ranked No. 7.The list always has a certain amount of…


Ameriprise earnings easily beat estimates, sending shares up

Financial advice in big demand as investors deal with volatile markets.


Burnsville weather-analytics company bolsters agricultural business with $12M acquisition

DTN bought Iteris Inc.'s ClearAg product line, its seventh acquisition since 2018.


Regis, Great Clips want to be industry leaders in reopening process

As states start to reopen after COVID-related stay-at-home orders, Regis Corp. and Great Clips say they can be national leaders on how salons can operate…


Minnesota's APi Group increases visibility by listing on New York Stock Exchange

"APG" was acquired last year for $2.9 billion by J2, which took its name.


Winnebago plans gradual restart of RV production May 4

The RV maker said it is cautiously optimistic about demand for its product despite the economic downturn.


CEO Pay Watch: UnitedHealth's David Wichmann made more than $52 million last year

Both David Wichmann, UnitedHealth Group's CEO, and Stephen Hemsley, its former CEO and executive chairman, made over $50 million in salary, bonus and stock option compensation.


Small business loan recipients include not-so-small Minn. companies

At least four publicly traded companies, one with more than $100 million in sales, received forgivable loans.