The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Breaking News

inactive

December 22, 2009

Penn Traffic Co. receives extension on sale deadline

Staff and Wire Reports

The Associated Press reported Monday that Penn Traffic Co. will have another six weeks to find a potential buyer for its 79 supermarkets, including P&C; grocery stores in Hartwick Seminary and Norwich.

GE Capital, the supermarket chain’s largest lender, agreed Sunday to extend its deadline for bids until the end of January. The company had previously set Monday as the deadline for bids.

Penn Traffic, based in Syracuse, filed for bankruptcy in November. Its P&C;, Quality Markets and BiLo stores employ nearly 6,000 people in New York, New Hampshire, Pennsylvania and Vermont, according to the AP.

Last week, U.S. Sen. Charles Schumer, D-N.Y., urged GE Capital to extend its deadline to keep stores open and workers employed.

“This welcome decision by GE Capital to extend the deadline for bids means thousands of New York workers can breathe a little easier through the Christmas season as Penn Traffic identifies a buyer that will keep open the maximum number of stores. This is very good news for both workers at these stores and for upstate consumers, who deserve good choices and food shopping options,” Schumer said in a media release.

Last week, the AP reported that Price Chopper placed a $54 million bid for 22 of the 46 P&C; stores _ 19 of which are in New York state. According to the release from Schumer’s office, other bids have been submitted for the stores.

Text Only
Local News
  • Motorist rolls truck, charged with drunken driving

    A motorist who continued driving after his truck rolled 360 degrees in Summit early Monday was charged with drunken driving, state police at Cobleskill said.

    May 11, 2010

  • Motorist rolls truck, charged with drunken driving A motorist who continued driving after his truck rolled 360 degrees in Summit early Monday was charged with drunken driving, state police at Cobleskill said.

    May 11, 2010

  • Mary Lorraine Hawkins RICHFIELD SPRINGS _ Mary Lorraine Hawkins, 85, went to be with the Lord on Monday, May 10, 2010, she was at Bassett Hospital in Cooperstown.

    May 11, 2010

  • Area briefs: Video on natural gas drilling to be presented COPES CORNERS _ The Concerned Citizens of the Butternut Valley will sponsor a video presentation about natural gas drilling at 7 p.m. today at Gilbertsville-Mount Upton Central School at 693 State Highway 51.

    May 11, 2010

  • Area briefs: Video on natural gas drilling to be presented COPES CORNERS _ The Concerned Citizens of the Butternut Valley will sponsor a video presentation about natural gas drilling at 7 p.m. today at Gilbertsville-Mount Upton Central School at 693 State Highway 51.

    May 11, 2010

  • Evelyn E. Kinney MORRIS _ Evelyn E. Kinney, 81, of Morris, passed away Jan. 17, 2010.

    May 11, 2010

  • Frost may have damaged plantings Traces of a visit by Jack Frost overnight might leave severe damage to plant life in Otsego, Delaware and Chenango counties, weather officials said Monday.

    May 11, 2010

  • Daisy Wagner Schultz WALTON _ Daisy Meda Wagner Schultz, 65, of Walton, passed away unexpectedly Sunday evening, May 9, 2010, at home.

    May 11, 2010

  • Frost may have damaged plantings Traces of a visit by Jack Frost overnight might leave severe damage to plant life in Otsego, Delaware and Chenango counties, weather officials said Monday.

    May 11, 2010

  • Edward Luke Ryder MOUNT VISION _ Edward Luke Ryder, 71, passed away Monday, May 10, 2010, at his home.

    May 11, 2010

  • Police probe apparent murder-suicide WALTON _ An apparent murder-suicide shooting is being investigated by the Walton Police Department, the state police and the Delaware County Sheriff's Department, Walton Police Officer Brian Laauser said Monday. The shootings occurred at 32 Union Street at about 10 p.m. Sunday, police said.

    May 11, 2010

  • Police probe apparent murder-suicide WALTON _ An apparent murder-suicide shooting is being investigated by the Walton Police Department, the state police and the Delaware County Sheriff's Department, Walton Police Officer Brian Laauser said Monday. The shootings occurred at 32 Union Street at about 10 p.m. Sunday, police said.

    May 11, 2010

  • 3 area lawyers say Kagan likely to be confirmed Elena Kagan is likely to be confirmed as United States Supreme Court justice and seems qualified for the post, according to three area lawyers.
    Kagan, the nations solicitor general and a former dean of Harvard Law School, is President Barack Obamas choice to succeed retiring Justice John Paul Stevens.

    May 11, 2010

  • Alyce H. Roberts ONEONTA _ Alyce H. Roberts, 89, of Oneonta, passed away Sunday, May 9, 2010, at home.

    May 11, 2010

  • 3 area lawyers say Kagan likely to be confirmed Elena Kagan is likely to be confirmed as United States Supreme Court justice and seems qualified for the post, according to three area lawyers.
    Kagan, the nations solicitor general and a former dean of Harvard Law School, is President Barack Obamas choice to succeed retiring Justice John Paul Stevens.

    May 11, 2010

  • Outdoor biking program starts in city ONEONTA _ An outdoor biking program Tuesday nights has begun in Oneonta.
    The group meets at the Brenner Recreational Center near Hodges Pond in Neahwa Park at 5 p.m.

    May 11, 2010

  • Outdoor biking program starts in city ONEONTA _ An outdoor biking program Tuesday nights has begun in Oneonta.
    The group meets at the Brenner Recreational Center near Hodges Pond in Neahwa Park at 5 p.m.

    May 11, 2010

  • Marc E. Guy DELHI _ A graveside memorial service for Marc E. Guy, 79, of Delhi, who passed away Saturday, Feb. 27, 2010, at Hospice of the Golden Isles,

    May 11, 2010

  • Bridge work to take place on I-88 today OTEGO _ Crews will be working on bridge maintenance on Interstate 88 eastbound between exit 12 in Otego and exit 13 in Oneonta beginning at 8 a.m. today, a media release said.

    May 11, 2010

  • David C. Yager ONEONTA _ Graveside services with military honors for David C. Yager, who passed away Feb. 7, 2010, will be at 1 p.m. Friday, May 14, 2010, in the West Oneonta Cemetery.

    May 11, 2010

New Today!
Additional Content
Poll

Do you think we will have a big snow storm the rest of the winter?

Yes
No
     View Results