Legislator Seeks Extension for Penn Traffic Bids

Sen. Charles Schumer, D-N.Y., has asked GE Capital, one of the largest creditors of bankruptcy chain Penn Traffic, to give the company more time to seek bids.

SYRACUSE, N.Y. — Sen. Charles Schumer (D-N.Y.) has asked GE Capital, one of the largest creditors of bankruptcy chain Penn Traffic here, to give the company more time to seek bids, according to a report Friday on Syracuse.com.

The deadline for Penn Traffic to collect bids was scheduled to be today. Schumer asked that the deadline be extended for a month, the report said.

"This decision would allow thousands of New York workers to breathe a little easier through the Chri

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