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Global Markets: Wendy's Now 2nd Largest Fast Food Chain

Thursday, 22 Dec 2011 | 11:40 AM ET

U.S. markets gain on lower initial jobless claims, higher consumer confidence and falling gas prices. U.S. Q3 GDP was revised down to 1.8 percent from 2 percent, though. American Greetings falls 37 percent on higher marketing costs. And Wendy's beats out Burger King to become the 2nd largest fast food chain.