Biz Briefs: Hortons' Hole in One

With more than 120 fast-food chains clogging commercial arteries in the U.S., is there really room for another? Paul House, president of the quietly expanding Tim Hortons restaurant chain, thinks so. Since Wendy's International bought the Canadian institution in 1995, Tim's (as the chain is often called) has opened more than 250 stores in the U.S., and it plans to double that number by 2008. "We would like to become the biggest brand in the U.S.," House avows.

Tim's is off to a good start. In the second quarter, it generated 67% of Wendy's operating profit even though it accounted for...

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