Reporter | Business, Research

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


Donaldson profit rises 13%, will restructure business lines

Donaldson is putting more focus on end-market customers and a new life sciences business.


Eden Prairie's iMedia signs $48M sell/leaseback deal, ends relationship with Shaquille O'Neal

The TV and online retailer is facing lower revenue as customers scale back spending.


Bright Health grants more retention bonuses to executives

It's the second time in a year that execs have received bonuses to stick with the ailing company.


Germany-based manufacturer Turck laying off 134 workers at its Plymouth location

Turck is a maker of automation and industrial control products.


More Minnesota manufacturers think a recession will hit next year

Of manufacturers survey by Enterprise Minnesota, 43% said they feared recession, while a little more than one-third thought the economy would remain flat.


Winnebago will open innovation center next year in Twin Cities

The 40,000-square-foot center will be for its Advanced Technology Group.


Eden Prairie's SunOpta records another quarterly loss, mainly because of sunflower divestiture

The maker of plant-based foods and beverages exceeded analyst expectations in the third quarter and raised outlook for the year, but its stock sank.


Fresh Vine Wine, public for one year, announces restructuring

The Plymouth-based company — with Julianne Hough and Nina Dobrev as large shareholders — announced layoffs and outsourcing of sales and marketing functions.


Winnebago's CEO compensation grew to $6.3M, driven by company's growth

Most of Michael Happe's compensation came from restricted stock that vested in the last fiscal year.


Minnesota companies have raised prices, but key margins remain below pre-pandemic times

A debate about the role of corporate pricing on inflation has grown more intense as the election nears and prices stay high.