Patrick Kennedy
Reporter
Business, ResearchKennedy also has written about nonprofit organizations and mergers and acquisition activity.
Latest from Patrick Kennedy
Arctic Cat says workforce will be back to about 500 by late summer
New ownership has announced a new snowmobile lineup and says production will be back by late summer in Thief River Falls and St. Cloud.
May 9, 2025
Modern-day gold prospectors in Stillwater are eying Wyoming, with plenty of investors backing them
Rob Bergmann and Brian Lentz took their company Relevant Gold public on the Canadian stock exchange.
May 8, 2025
Best Buy CEO Corie Barry’s pay down more than 10% to $9.2M
Barry earned a larger bonus than the previous year but reduced equity payouts lowered total compensation.
May 2, 2025
Sleep Number to make $80M to $100M in cuts as mattress sales continue to tank
Less than three weeks at the helm, CEO Linda Findley already has eliminated 21% of corporate management positions, stressing “everything is on table.”
May 1, 2025
Target CEO Brian Cornell’s pay declines 45% to $9.9M
The Minneapolis-based retailer fell short of several performance measures, which meant lower equity awards.
April 30, 2025
Polaris pulls out recession playbook as company posts loss amid ATV sales decline
The company withdrew financial guidance for the remainder of the year, citing uncertainty in the economy and in trade.
April 30, 2025
Thief River Falls’ Arctic Cat sold to group that includes former executive
Former owner Textron had shut down operations as it explored strategic alternatives for the snowmobile maker.
April 24, 2025
UnitedHealth Group CEO Andrew Witty saw his pay decrease 34% to $16.4M
Witty did not exercise stock options in 2024, limiting his total pay.
April 22, 2025
Target CEO Brian Cornell’s pay declines 45% to $9.9M
The Minneapolis-based retailer fell short of several performance measures, which meant lower equity awards.
April 30, 2025
Polaris pulls out recession playbook as company posts loss amid ATV sales decline
The company withdrew financial guidance for the remainder of the year, citing uncertainty in the economy and in trade.
April 30, 2025
Thief River Falls’ Arctic Cat sold to group that includes former executive
Former owner Textron had shut down operations as it explored strategic alternatives for the snowmobile maker.
April 24, 2025
UnitedHealth Group CEO Andrew Witty saw his pay decrease 34% to $16.4M
Witty did not exercise stock options in 2024, limiting his total pay.
April 22, 2025