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Wendy's posts quarterly net loss

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Fast-food chain Wendy's posted a net loss in the second quarter.

The net loss was $1.85 million, down from profits of $26.5 million a year earlier. During the quarter, the company incurred $41.1 million in losses related to acquiring and selling some restaurants.

Revenue dropped 16.3 percent to $320.3 million.

Read more from Reuters.

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