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OPINIONFinancing

Why McDonald’s franchisee dispute is a big deal, even if investors are ignoring it

The Bottom Line: We explain the depths of operators’ frustration with management, and why an independent association could take a vote of no confidence in McDonald’s top executives despite the chain’s strong performance.

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Technology

Smokey Bones doubles down on delivery with new virtual brands, online storefront

The chain’s three existing brands, plus two new ones, will live under one digital roof at Bite Hall, where customers can order from all five at once.

Financing

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.

Financing

With potential IPO on hold, MOD Pizza focuses on accelerating growth

MOD Pizza's potential IPO is on hold but the chain is focused on accelerating growth.