DEBT AND EQUITIES MN Airlines d/b/a Sun Country Airlines, St. Paul, announced record first-quarter net income of $8.1 million. This compares to a net loss of $8.3 million in the first quarter of 2008. The company also announced it will complete repayment of deferred wages to employees on April 22.
NEW BUSINESS Fair Isaac Corp., Minneapolis, launched its new FICO Mortage Recovery Initiative (FICO MRI). Based on FICO's knowledge of consumer credit behavior, FICO MRI was developed in collaboration with mortgage industry partners to help lenders address immediate challenges with mortgage modifications while mitigating new delinquencies on the horizon.
ValueVision Media Inc., operator of ShopNBC, Eden Prairie, launched its beta version of a mobile application for Apple's iPhone and iPod touch units. ShopNBC is making its products available on these mobile devices to the iPod generation. The ShopNBC application is available as a free download from Apple's App Store on iTunes.
PERSONNEL Merrill Corp., St. Paul, appointed Ken Lambert to senior vice president of the Marketing and Communication Solutions business.
