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Wendy's on Block as Stale Sales Sink Earnings

High beef prices, tough competition take toll

By Peter Fearon,  Newser Staff

Posted Jun 19, 2007 5:29 AM CDT

(Newser) – Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.   Read full story »

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