Credit union collecting school supply donations

August 2, 2011 

BRADENTON -- Manatee Community Federal Credit Union is collecting donations of school supplies, or of cash to purchase school supplies. “The goal is to have supplies so that when the kids come back from Christmas vacation, their parents don’t have to restock for the New Year,” says Suanne White, spokesperson for the credit union. “It’s win-win for all.” Any dollar amount of supplies or cash support is welcome; donations can be left in the bank lobby at 604 13th Ave. E. All donors are eligible for a drawing for a $100 cash prize. For more information, contact White at (941) 748-7704.

Southern Commerce plans speed networking event

BRADENTON -- It’s time once more for Southern Commerce Bank’s Speed Networking Event. The bank at 1201 9th Ave. W., will host its third such event Aug. 9. This time, reservations are required, and a $5 donation from each participant will go toward a backpack drive for Ballard Elementary School. To partake of this opportunity to meet fellow business leaders in a quick, effective way, RSVP at (941) 745-1627 and don’t forget to bring business cards and promotional products.

Humana posts surge in second-quarter profit

LOUISVILLE, Ky. -- Humana Inc. posted a 35 percent surge in second-quarter profit Monday, easily beating Wall Street views, as more people enrolled in the health insurer’s Medicare plans while existing members made less use of its health care services.

The company, which has branched out into health care delivery, also raised its earnings forecast for the full year to a range of $7.50 to $7.60 per share, up from $6.70 to $6.90 per share. Analysts polled by FactSet predict, on average, an annual profit of $7.02 per share. Wall Street shrugged off the company’s robust performance, however, sending down Humana’s shares along with the rest of the market. Humana credited its rosier outlook to a favorable trend in which a smaller percentage of premium dollars from its members are going to pay for medical claims, reflecting an industrywide slowdown in health care utilization.

Delta to refund ticket tax charged in shutdown

ATLANTA -- Delta Air Lines said on Monday it will refund the ticket taxes charged for travel during the Federal Aviation Administration shutdown. The refunds will apply to people who bought tickets before the FAA shutdown began on July 23 and then traveled during the shutdown. Passengers who bought tickets after the shutdown began didn’t pay the taxes anyway. Most paid higher fares instead. The refunds won’t happen right away. Delta said it is waiting for guidance from the IRS about how to handle that.

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