Penn Traffic Eyes Rebuilding Year

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 last week during a conference call during which Penn Traffic executives reviewed unaudited financial results for the 48- and nine-week

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 last week during a conference call during which Penn Traffic executives reviewed unaudited financial results for the 48- and nine-week periods that ended Dec. 30. The retailer, which remains under investig

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