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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Sep 01, 1995
Page
4
Federal health officials warned that a high blood pressure drug nifedipine in short acting form carries unclear safety in large doses. The warning targets Pracarda and Adalat brands, part of calcium channel blockers now widely prescribed with 87.3 million prescriptions last year.
Noriega’s lawyers press for a retrial claiming a secret arrangement between the U S attorney’s office and the Cali drug cartel was not disclosed to the defense. They argue a key cartel witness testified under a secret pact that could affect the 1992 drug trafficking conviction. Noriega, deposed by the Panamanian leader, is serving a 40 year term in a Milam federal prison.
Los Angeles based segment covers a red-haired mother who lost two sons in the Oklahoma City bombing seeking more children after surgery, and her ex husband Tony Smith proposing during a talk show. Host Leeza Gibbons notes the couple divorced in December but may remarry after he proposed on air. The couple’s rekindled romance was discussed on the Deera show airing Tuesday at 10 am on WSTM TV Channel 3.
Gary D. Hirsch, head of The Penn Traffic Co., rose from a small dress shop family background to lead a leveraged buyout driven grocery expansion. He built Penn Traffic after cofounding Miller Tabak Hirsch & Co, helped acquire Grand Union before its bankruptcy, and remains the largest Penn Traffic shareholder with over 1.92 million shares valued around $33.03 million.
The Penn Traffic Co. shares fell sharply by 7.75 on July 11, 1995, as reported by the Wall Street Journal, indicating a steep one day decline in price.
Analysts describe Penn Traffic as solid yet financially strained as shares fell after disappointing July sales. The company faced surging debt, cost cuts, supplier fee increases, and job cuts at Insalaco and Quality Markets, with executives’ stock options losing value amid a volatile market.
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