Patrick Kennedy
Reporter
Business, ResearchKennedy also has written about nonprofit organizations and mergers and acquisition activity.
Latest from Patrick Kennedy
Skywater Technology expanding with big acquisition even as it struggles with federal funding delays
The Bloomington-based semiconductor company expects the purchase of a semiconductor business in Texas to double its annual revenue.
August 7, 2025
Big acquisitions result in big profit boosts for Minnesota companies APi and nVent
The new businesses greatly contributed to double-digit sales growth for the businesses.
August 1, 2025
Trump tariff impacts less than originally expected, but still hit Minnesota companies hard
Tariffs were the talk of second quarter earnings calls in the past few weeks, and executives say the millions in levies are affecting the bottom line.
August 1, 2025
Sleep Number sales drop 20% as it loses competitive ground
The Minneapolis-based company, in the middle of a restructuring, also saw a bigger loss than in the same period last year.
July 30, 2025
Ecolab continues to lean into AI, with latest product helping restaurants be more efficient
Executing amid uncertainty, company reports strong quarter and maintains its guidance for the remainder of the year.
July 29, 2025
12 Minnesota hospitals among nation’s best, as ranked by U.S. News and World Report
Nine of the hospitals are in the Twin Cities metro, an “outstanding picture” for residents, analyst says.
July 29, 2025
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Is printing checks still a profitable business? We checked with Deluxe
CEO Barry McCarthy expects the company to pass a key milestone on its way to being known as a digital payments company.
July 22, 2025
Minneapolis-based Jamf Holding Co. to lay off 166 employees
The company announced layoffs in tandem with new AI investments.
July 16, 2025
H.B. Fuller ups R&D spending, adds more sustainable products
A new adhesive spray, the Millennium PG-1 EF ECO2, is just one example of H.B. Fuller's focus on innovation as part of its growth strategy.
July 15, 2025
Where CEOs live becomes source of debate as companies tighten in-office policies
As questions arise over the residence of some Minnesota top executives, a recent report shows that companies with long-distance CEOs generally have weaker financial performance.
July 11, 2025
Minnesota's highest-paid CEOs made 7% more, with top earner making $59.4M
The 50 highest paid CEOs made a total of $495.5 million. Still, that figure is down 23.6% from 2020.
July 10, 2025
Target led U.S. last year in trademark applications as it launched new brands
The list is top-heavy with retailers, entertainment and gambling companies and sports leagues.
July 3, 2025
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