Who's Winning the Burger Wars

New York--McDonald's Corp.'s share of the fast-food hamburger market dipped last year, while No. 3 hamburger chain Wendy's International Inc. boosted its market share for the fifth straight year, according to a survey issued by food-service consulting firm Technomic. McDonald's had a 43 percent share of the hamburger quick-service restaurant market in 2001, down from 43.1 percent in 2000 and 1999. Burger King, the No. 2 hamburger chain, also saw a decline, seeing its share drop from 19.6 percent in 1999 to 18.8 percent in 2000 and 18.4 percent in 2001.

Wendy's share rose to 13.2 percent last year from 12.7 percent in 2000 and 12.2 percent in 1999. Unlike its two bigger rivals, which compete on price, Wendy's is boosting share without discounting core menu items, according to Technomic. -Reuters

Editor's Pick

Business Culture

The Newest Workplace Trend Has HR Sounding The Alarm

HR departments are still figuring out how to handle "quiet quitting," but a new trend is taking over.

Business News

Body of Missing 27-Year-Old Goldman Sachs Banker Found in Nearby Body of Water

John Castic, a 27-year-old Goldman Sachs employee, went missing around 2:30 a.m. on Saturday after attending a concert at the Brooklyn Mirage in East Williamsburg.

Business News

Taco Bell Slammed With Lawsuit Over 'Especially Concerning' Advertisements, Allegedly Deceiving Customers

The class action lawsuit claims the chain is advertising more than they deliver.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Marketing

'I Cannot Wait to Host You': Gwyneth Paltrow Just Listed Her Guesthouse On Airbnb.

The goop founder says she hopes 'we'll find connections and commonalities over a delicious meal.'

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.