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OPINIONFinancing

McDonald’s and Subway close units and increase sales

The Bottom Line: Two of the three biggest chains combined closed more than 1,400 restaurants last year. But their individual locations make more money.

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Workforce

Restaurants’ race for workers puts pressure on culinary schools

Rising wages are tempting some students to leave the classroom early, forcing schools to adapt.

Financing

Something is not working between McDonald’s and its franchisees

The Bottom Line: The burger giant is facing the latest in a string of disputes with its operators, despite the company’s strong sales and record store-level cash flow and valuations.

Financing

Franchisee unrest grows as McDonald’s changes its rules

A group representing Black franchisees voted “no confidence” in CEO Chris Kempczinski. Other groups could take similar steps amid anger over new renewal standards. “An absolute declaration of war on owners," one operator said.