Business briefs

McSecond

Subway has supplanted McDonald’s in world wide stores according to an SEC filing. Subway has 33,749 shops — 1,012 more than the hamburger giant.

Gupta move

Rajat Gupta, former head of consultant McKinsey & Co., who was accused by the SEC of passing on insider tips, resigned from his board seats at American Air lines parent AMR and Harman Int’l.

Forbes list

Forbes will release its 2011 billionaires list to morrow with Bill Gates, Warren Buffett and last year’s richest man, Mexi can tycoon Carlos Slim, rounding out the top three.

Ugly Outfit

Urban Outfitters fourth-quarter earnings missed market estimates for the first time in two years and its shares were down 9 percent in after- hours trading.

Ponzi plea

Connecticut hedge- fund manager Francisco Illarramendi, the majority owner of Michael Ken wood Group LLC, pleaded guilty to running a multi- year Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars.