Penn Traffic upbeat on post bankruptcy comeback at annual meeting
Penn Traffic Co, parent of P and C Foods, told shareholders at the DeWitt meeting that the company is stronger and has a clear plan to reach its goals. President Joseph W Fisher highlighted 27 percent first quarter sales growth and a 10 percent rise in the year to February 3 despite a prior year loss from bankruptcy costs. The firm plans $60 million in store remodelings and five new stores funded from cash, plus rolling out a Wild Card loyalty program after a Big Bear test. Board members Byron Allambauch Kevin Collins Joseph Fisher Martin Tex David Jenkins Gabriel Nechamkin Liat Rosenblatt Mark Sonnino and Peter Zurkow were re elected.
MENTIONED IN THIS ARTICLE
P&c Foods
Joseph W Fisher
Penn Traffic Co
Wyndham Hotel
DeWitt
Fisher
Penn Traffic
New York
New England
Ohio
Pennsylvania
West Virginia
Penn Trafic
Mats P&c
Big Bear
Byron & Allambauch
Kevin P. Collins
Joseph V. Fisher
Martn A Tex David B Jenkins
Gabrel Nechamkin
Liet D. Rosenblatt
Mark D Sonnino
Peter L Zurkow
Colleges help turn credits into degree
Adults with many transfer credits can still earn a degree through nontraditional paths. Excelsior College and Charter Oak State College offer credit for military training and prior learning, with no on campus requirements. They assess what is needed for completion and guide courses, using transcripts, exams, portfolios, and distance or online study.
MENTIONED IN THIS ARTICLE
Jimi Excelsior College
Regents College
Excelsor
Excelsior
Regents.cd
Charter Oak State College
Connecticut
Charter Oaks
Charter Oak Well
Cose.cdu
Education Information Center
RLS Career Center
Union backers rally at Coyne Textile Services HQ
About 50 supporters of a new textile and industrial unions alliance rallied outside Coyne Textile Services in Syracuse. They pressed for a local contract and shown solidarity with workers 730 miles away at Coyne’s London Kentucky plant. UNITE organizers and Syracuse labor activists led chants as Coyne officials watched.
MENTIONED IN THIS ARTICLE
Coyne Textile Servies
Coyne
London
Cortland Avenue
Kentucky
Syracuse
Steve Wishart
Union of Needletrades
Industral and Textile Employees Unite
Laundry Workers
Coyle Workers
Wishart
National Labor Relations Board
Murphy
Pobedinsky
Pabedinsky
UNITE
Polaroid Seeks Options Amid Debt Repayment Waiver
Polaroid Corp said it would explore options including a merger or sale as it receives a waiver on a 363 million credit line through Oct 12 and negotiates with bondholders to restructure debt. The company will miss several payments, has retained advisers, and faces potential bankruptcy questions while trying to strengthen finances and pursue strategic alternatives.
MENTIONED IN THIS ARTICLE
BOSTO
Polaroid Corp
Polaroid
Skip Colcord
New York Stock Exchange
Buckman, Buckman & Reid
Dresdner Kleiwort Wasserstein and
Zolig Cooper LLC
Merrill Lynch & Co
Gary T. DiCamillo
Yannas
Investors bet $6M on AppliedTheory rescue deal
AppliedTheory Corp announced a debt conversion and new $6 million line of credit with The Palladin Group led syndicate to bolster cash flow and aim for breakeven by year end. The plan fixes conversion prices, risks Nasdaq listing if price remains below $1, and preserves 375 Syracuse employees.
MENTIONED IN THIS ARTICLE
AppliedTheory Corp
Palladin Group of
New Jersey
AppliedTheory
Angelo Gencarelli
Palladin Group
Wall Street
Goncarelli
Applied
Syracuse
New York ISO to merge into regional Northeast grid plan
Federal regulators ordered New York ISO to mediate with PJM Interconnection and New England ISO to form a single regional transmission organization for the Northeast. The Southeast follows similar consolidation aims as FERC pushes broad regional power markets. 45 days for framework setup. ALJ report back to the commission.
MENTIONED IN THIS ARTICLE
Washington
New York
Federal Energy Regulatory Commmission
PJM Interconnection
New England
Northeast
PIM
Pennsylvania
New Jersey
Maryland
FERC
Southeast
Commission
mid-Atlantic States
ISO
New Yorks
Lynne Church
Electr Power Supply Association
Pat Wood
Nora Brownell
Bush
Safi
Tim Knauss
Also Mentioned on This Page
James T. Mulder Stall
S&p
Laundry & Dry Cleaning International Union
Alex Pobedinsky
Paul Murphy
NLRB
Ed Skibinski
International Ladies Garment Workers
Amalgamated Clothing and Textile Workers Union
Bruce Raynor
Cornell University
School of Industrial and Labor Relations
Pietrafesa Co
Coyne 15
J. Stanley Coyne
Thomas Coyne
Suatey
Polaroid Copp
Cambridge
Mass
Pailadin Group
N.Y
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