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Workforce

Breakfast-and-lunch chains find limited hours are a labor win

Restaurants that close in the afternoon are having more success hiring than their full-service peers.
First Watch has lower manager turnover than its peers. / Photograph courtesy of First Watch

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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.

Financing

No, owning a franchise is not a ‘low-risk’ business

The Bottom Line: It’s worth reminding that franchise ownership is no less risky than operating an independent business, and here’s why.