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A number of Subway restaurants have closed their doors after their owner filed for bankruptcy, the latest wave of store closures to impact a large franchisee of a major fast-food chain this year.

Well into a turnaround plan announced last year, Panera is growing its footprint and modernizing its bakery-cafes. But not all of of them will survive.

Wendy’s first-quarter earnings reveal a net loss of 174 U.S. restaurants since late last year, but the chain will build 1,000 more in China over the next decade. Wendy’s shares rose on Friday after ...