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.


C.H. Robinson said shipping activity accelerated throughout third quarter

C.H. Robinson Worldwide Inc., the Eden Prairie based third-party logistics firm, said shipping demand accelerated throughout the third quarter while outstripping the growth in carrier…


Polaris expects annual sales to hit targets set before pandemic

Sales of boats, motorcycles and ATVs strong as consumers seek outdoor activities in pandemic.


Twin Cities Orthopedics getting new CEO, growing Revo subsidiary

Troy Simonson is going to focus on the group's growing Revo subsidiary, while Chief Operating Officer Aaron Johnson takes the helm.


New consumers driven to the RVing lifestyle fuel solid growth for Winnebago

Fourth-quarter earnings for the recreational vehicle company exceeded expectations, as people turned to outdoor activities during the coronavirus pandemic.


Pentair had good quarter thanks to people investing in their pools

Home improvements attributed to the pandemic helped overall performance, analysts say.


CEO Pay Watch: Donaldson's Tod Carpenter made $3.3M last fiscal year

Carpenter's compensation was down more than 60% from the $9 million he realized in fiscal 2019.


Outdoor activity surge boosts Minnesota kayak, canoe makers Lightning and Wenonah

Surge in outdoor activities such as kayaking, canoeing due to pandemic increases output for state manufacturers.


One of Minnesota's newest public companies making four acquisitions worth $300M

New Brighton-based safety service company, recently gone public, eyes more acquisitions in 2021.


Medtronic to acquire medical device company that treats end-stage renal disease

Medtronic announced its sixth small acquisition of the year.


Polaris makes deal to bring EV to core ATV products

The 10-year partnership will use existing technology to develop new power-sports products.