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OPINIONFinancing

Sardar Biglari buys another oil company

The Bottom Line: Biglari Holdings, which owns Steak n Shake and other holdings, spent $80 million to acquire a majority of shares in Abraxas Petroleum Corp.

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Food

Lee’s Famous Recipe Chicken goes on a flavor journey

After 25 years with few changes to the menu, the chicken chain is exploring unique flavor frontiers for its relatively new chicken sandwich.

Financing

How is the economy faring? That depends on your perspective

The Bottom Line: Consumer spending continues to grow this holiday season, but it’s slowing, and businesses are more cautious, large banks told investors this week.

Financing

Franchise brands push growth even as the market gets tougher

Margins are thinning and lending is tightening. But franchise brands continue to push growth, and many are finding success recruiting new operators.