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.


Minnesota companies borrow billions to pad cash flow

Companies are tapping revolving lines of credit to help secure cash flow during an increasingly volatile economy caused by the coronavirus pandemic. They also are tightening expenses, some by laying off or furloughing workers, others by putting off capital expenditures, all with the goal of conserving cash.


Ecolab CEO has largest compensation package among Minnesota companies so far this year

Doug Baker's compensation included $17.4 million from stock option gains.


Minneapolis company Merrill Corp. changes name to Datasite

The change reflects its shift to virtual data room services.


Polaris, Winnebago temporarily closing factories

Polaris and Winnebago have suspended manufacturing as demand screeches to a halt.


After bad week for stocks, Minnesota market pros try to look ahead

Market professionals are hesitant to call a bottom to this stock market, but are confident there will be a recovery in a year or more.


Banks, credit unions closing branches in response to coronavirus threat

Many drive-throughs, ATMs remain open, as well as mobile banking.


Two Mpls. businessmen prospecting for gold in South Dakota's Black Hills

Local geologists hope Black Hills test drilling reveals a major gold discovery and boosts their geology consulting business.


Bloomington-based Donaldson lowers revenue forecast due to coronavirus, other market disruptions

Filtration company warns of likely sales disruptions and sluggish truck sector.


Manny's Steakhouse, Good Earth owner Parasole sold to private investment firm

Principals of FS Funds own four Original Pancake House restaurants.


Worst week on stock market since 2008 stuns some of Minnesota's top money managers

Some area market professionals have re-evaluated short-term tactics based on the sell-off caused by coronavirus spread.