Philadelphia Daily News from Philadelphia, Pennsylvania • Page 32

Page 32 PHILADELPHIA DAILY NEWS Wednesday. April 8, 1987 ip pm BUSINESS IN BRIEF WHAT HAPPENED WHILE YOU WERE AT WORK Iff Vrf If BUZZ Lyons Bohrer Simon Solomon rfr Tr in nese goods despite efforts by a Japanese delegation coming to Washington to discuss the issue tomorrow and Friday. QVC: More Financing QVC Network, a television home shopping company based in West Chester, has announced that it has gained $13 million in additional financing. Safeguard the King of Prussia firm that already had invested $200,000 in QVC, will buy $7 million in QVC five-year notes and a bank line of credit will account for the rest. Under the agreement, Safeguard will name three of QVC's nine directors.

Cutting Costs Pennsylvania Blue Shield announced today it has saved its customers $836 million during 1986. At its annual meeting, executives of the state's largest health care insurer said they reviewed claims for payments totaling $2.17 billion and reduced them by 39 percent to pay $1.33 billion. Claims processing and medical review programs accounted for $532 million of the savings, the company said. An additional $304 million in customer savings resulted from the firm's "Participating Provider Agreement" with doctors who agree to provide health care at a discount for Blue Shield subscribers. Groups of 5, 7 Meeting in D.C.

Finance ministers of the seven leading industrial powers were to meet today in Washington to reaffirm their agreement on currency stability. Their talks have been foreshadowed by weeks of instability on financial markets, with a brief respite in the past few days, after the specter of American protectionism against Japan rocked confidence. The meeting of the seven is expected to be preceded by a gathering of the more secretive Group of Five nations, which takes the key decisions that the seven effectively endorse. The five, whose decisions have significant influence on financial markets, are the United States, Japan, West Germany, France and Britain. The wider grouping adds Canada and Italy.

U.S.: Sanctions Still Likely A senior U.S. official warned Japan today that it has little chance of persuading the United States to drop threatened trade sanctions in the two countries' dispute over microchips. Michael Armacost, undersecretary of state for political affairs, said at the end of a three-day visit to Tokyo that tariffs worth $300 million were likely to be imposed on Japa Lanshe- Edle Conn PEOPLE WHO'S DOING WHAT IN BUSINESS MARRY GROSS HER DIVORCE SETTLEMENT IS TAXING At The Top Irwin J. Lyons has been promoted lo executive VP at Phototype Color Graphics, from VP of finance. Michael J.

Bohrer has moved up to VP of casinohotels internal audit at Del Webb's Claridge Casino Hotel, from director of internal auditcasinos. Promotions The following have been promoted at Germantown Savings Bank: Connie Baker, to manager of the bank's Berkshire office, from assistant manager at the Madeira office; Charlotte M. Evans, to manager of the Chestnut Street office, from manager of the Lansdale office; and Ceil Canavan, to corporate secretary, from administrative assistant in central processing. Walter P. Simon has been promoted to slots administrator at Del Webb's Claridge Casino Hotel, from casino accountant and assistant to casino controller.

Newly Aboard New faces at Germantown Savings Bank: James C. Jack credit card manager, was formerly manager of consumer loan accountng at Industrial Valley Bank; and Emilie Kuehn, training officer in the personnel department, formerly director of training at Alexander Alexander. More new faces, these at Weichert 'ADP Realtors, are: realtor associate Kay Lahusen, and sales associates Dale Varge, Elizabeth Yezdimir, Sandra Schrotberger, Charlotte Kappler, John Balson, Robert T. Hough, Betty Milford, Bonnie B. Petruzzi, Edward E.

Backstrom, Donald G. Maxwell, By CAROLINE STEWART Going for the Gold Last week, Fidelity Bank bigwig Hal Pote, ARA chief Joe Neubauer, Bell of Pa. prez Gil Wetzel, and First Pennsy chief George Butler had a cozy breakfast chat with the mayor to tell him of their support for his reelection campaign. Hal. Joe, Gil and George plus Day Zimmerman chief Spike Yoh then rounded up more of their pals and yesterday tossed another breakfast for Wilson at the Union League.

Wilson made his pitch to about 23 CEOs, including Mellon honcho Ned Montgomery, Coopers Lybrand managing partner John Roberts, CoreStates prez Terry Larsen, Penn Mutual prez John Tait, Pennwalt big-shot Ed Tuttle, Touche Ross honcho Mike Joyce, and Sun sultan Bob McClements. First he flattered them by asking for their help on management Issues. Then he hit them up for cash. What Goes Around, Comes Around Dianne Semingson got uppity one too many times and now she's been banished from her kingdom. With nary a nod from the first We The People 200 Committee, chaired by Independence Park honcho Hobie Cawood, Dianne crowned herself president and CEO of We The People last fall, formed a non-profit called We The People shoved Hobie's board aside, and created a new six-member board.

Of course, Bill Rouse swept in and changed all that a month ago. But Lady Di managed to insult Hobie just one more time. Protocol dictates that park superintendents formally greet all heads of state when they visit national park sites. But Dianne had other ideas. When Reagan made a fast visit to Congress Hall last week, Hobie was relegated to a seat in the audience.

Although Hobie' has greeted three presidents and scads of kings and queens over the past 15 years, he was not invited to greet Reagan at the door or say One Word at the podium. Dianne hogged the spotlight by giving an eight-minute speech and then introducing both the mayor and Gov. Casey. "I was offended," sighs Hobie, who dressed for the occasion in his park ranger uniform. "And the only person to even mention the park service by name was the president." Flash from the Front Buzz hears the city is hooking up with Channel 6 to toss a parade on April 20 for Sixers Sensation Dr.

who the whole world knows is retiring from The Game this year. Andrews Orcilla Wylie, Use Lorsch, Shawn Sullivan, Tania G. Biddle and Carol Weiss. At Thomas Jefferson University Hospital: Dr. Jason H.

Solomon is the new co-director of the center for facial plastic surgery, formerly chief of plastic surgery at McGuire Veterans' Administration Hospital; Dr. Richard N. Edie is the new chief of the division of cardiothoracic surgery in the department of surgery, formerly associate professor of surgery and associate attending physician at the Hospital of the University of Pennsylvania; and Dr. Rex B. Conn is professor of pathology and vice chairman of the department at Jefferson Medical College and director of clinical laboratories, formerly director of the clinical pathology laboratories at Emory University Hospital in Atlanta.

Michele Lanshe has joined HMO PANJ as a marketing representative. She formerly held the same position with Concannon Travel. Billie L. Andrews has joined the Showboat Hotel, Casino and Bowling Center as executive housekeeper. Andrews had been general manager for World Tower HotelProperties in Atlantic City.

Judy Homolash is a new closing officer at Nationwide Abstract. She formerly was title settlement clerk for Industrial Valley Title. you know of interesting things happening to business people, send word to People, Dailv News Business Section, 400 N. Broad P.O. Box 7788, Pa.

19101. information may be obtained by calling the Wharton Small Business Development Center. News of business events may be sent to Calendar, Daily News Business Section, 400 N. Broad P.O. Box 7788, Pa.

19101. a from gold dealers lately. One of them said that gold rose 32 percent in 1986. Is this true? Are there ways to find reputable dealers? A. Be very careful.

Don't buy from those who give you bad information. Gold was about $329 an ounce at the beginning of 1986 and closed the year at about $390. The way I figure it, that comes to just under 19 percent, not 32 percent. By contrast, the Dow Jones industrial average increased from about 1,547 to 1,909. That's a bit more than 23 percent.

Gold hasn't changed much in 1987, either, but look at that Dow. Buy gold only if you're convinced that we're in for more inflation or world unrest. There are many who feel that you should have some gold in reserve just in case of some great calamity. In no event will you get a recommendation from Harry to put all your money into gold. Some advisers recommend gold stocks (stock in companies that mine gold).

Here you have the possibility of a dividend return that you don't have with the metal itself. Ask a reputable stockbroker or bank to get you gold, whether you choose coins or bullion. Harry S. Cross is a registered financial adviser. His radio show, "Speaking of Your Money," airs on WCAU-AM (1210) p.m.

weekdays and 8-noon Sundays. Write to him in care of the Daily News, 400 N. Broad P.O. Box 7788. Pa.

19101 Q. I am in the process of a divorce. We have tentatively agreed that I will get alimony of $20,000 a year for three years. I understand that, under the new tax law, this will be taxable to me at the rate of only $10,000 a year. Now my husband's lawyer says that they want to make me beneficiary of a trust for three years.

This is all part of a settlement of his pension rights that we agreed to. Since I earn more than $32,000 a year, this would be very costly to me. Any suggestions? A. Any amounts that are de HARRY S. GROSS YOUR MONEY ductible by wmmmm him will be taxable to you.

Under the new, six-year-minimum-term rule, only half the $20,000 will be income to you, and it will be excluded from his income. This will give him a tax benefit and will cost you about 28 percent of the extra $10,000 per year. That's a total of $8,400 out of your pocket and into his. The real questions are: How firm was your original understanding? How much do you want to fight for the $8,400 or some in-between figure? Remember, too, that 75 percent of women are worse off financially after a divorce. Q.

The gold bugs seem to be back. I have been receiving a lot of letters CALENDAR A LISTING OF BUSINESS EVENTS Building a Team "Building a Management Team in High-Growth Companies: Recruiting and Compensating Key Employees" is the topic of a seminar to be held tomorrow from 1 to 5 p.m. at the Penn Tower Hotel. 34th and Civic Center Boulevard. Fee is $45.

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