SYRACUSE, N.Y. -- Bob Panasuk, the newly named president and chief executive officer of Penn Traffic here, said initiatives launched late last year were progressing as planned and declared “this year is about rebuilding the fundamentals of this company.” Panasuk‘s remarks came yesterday during a conference call during which Penn Traffic executives reviewed unaudited financial results for the 48-week and nine-week periods ending Dec. 30. The retailer, who remains under investigation from the ...

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