Connect with us

Business

Kraft Heinz halts company split, invests $600 million in turnaround

Published

on

Kraft Heinz halts company split, invests $600 million in turnaround

Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are “fixable and within our control” as it shifts focus toward reigniting profitable growth through a $600 million investment push.

In a note in the company’s routine fourth quarter report, CEO Steve Cahillane said that instead of splitting up, the company will double down on rebuilding growth — backing that up with a massive investment in the brand’s marketing, sales and research and development.

Advertisement

“When I decided to join Kraft Heinz, I knew that this was an exciting opportunity to contemporize iconic brands, better serve consumers and customers, and build meaningful shareholder value,” Cahillane said in the press release.

“Since joining the company, I have seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control,” he continued. “My number one priority is returning the business to profitable growth, which will require ensuring all resources are fully focused on the execution of our operating plan.”

MCDONALD’S PLANS MASSIVE OVERHAUL WITH MAJOR CHANGES TO RESTAURANTS AND MENUS

“As a result, we believe it is prudent to pause work related to the separation and we will no longer incur related dis-synergies this year.”

Advertisement
Kraft Mac and Cheese and Heinz ketchup on grocery shelves

Kraft Heinz announced that it would be pausing plans to separate the company on Wednesday, Feb. 11, 2026. (Michael Nagle/Bloomberg via Getty Images / Getty Images)

Kraft Heinz announced in September that its board of directors approved a plan to split it into two independent, publicly traded companies through a tax-free spinoff. The aim was to create two more focused organizations with less complexity that would be able to maximize their brands and boost profitability.

Cahillane was slated to lead the business it is calling Global Taste Elevation, overseeing brands like Heinz, Philadelphia and Kraft Mac & Cheese. The other company, called North American Grocery, would oversee its portfolio of grocery staples like Oscar Mayer, Kraft Singles and Lunchables.

As of December, the official names of the new companies were not yet determined, and the company also had not announced who would lead its North American grocery business.

In the fourth-quarter report, Kraft Heinz also announced its commitment of $600 million to marketing, sales, research and development, product improvements and select pricing initiatives across 2026. Cahillane said Kraft’s strong balance sheet and $3.7 billion in free cash flow gives it the financial flexibility to fund this push while still generating excess cash.

“We are confident in the opportunity ahead and believe this investment will accelerate our return to profitable growth,” he said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

While leadership is optimistic, Kraft’s 2025 numbers showed clear strain — full-year net sales were down 3.5% to $24.9 billion, organic sales were down 3.4%, volume was down 4.1%, and adjusted operating income was down 11.5%.

Kraft’s biggest pressure points were in coffee, cold cuts, frozen meals, bacon and select condiments, as inflation in commodity and manufacturing costs outpaced efficiency efforts. The company reported an operating loss of $4.7 billion last year, largely driven by “non-cash impairment charges.”

READ MORE FROM FOX BUSINESS

FOX Business’ Daniella Genovese contributed to this report.

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Rivian’s crucial R2 EV launch to begin with $58,000 model in spring

Published

on

Rivian's crucial R2 EV launch to begin with $58,000 model in spring

Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024.

Mike Blake | Reuters

Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday.

Advertisement

The first of the R2 midsize vehicles will be a performance model with a “Launch Package” that includes a 330-mile range, dual motors, special attributes and “lifetime” access to its Autonomy+ advanced driver-assistance system. The vehicle will have 656 horsepower and 609 foot-pounds of torque, and is capable of accelerating from 0-60 mph in as quick as 3.6 seconds.

Rivian has been touting a less expensive, entry-level version of the vehicle, starting at $45,000, but it said that model, which is expected to be less profitable, won’t be available until late 2027. Its current vehicles start at more than $70,000

The R2 is considered a make-or-break moment for Rivian after the company has lost billions of dollars and seen waning demand for its current vehicles: the R1 SUV and pickup and an electric delivery van. The R2, from an exterior perspective, is essentially a smaller version of the R1 SUV, but the company has reworked the vehicle’s software, electrical system and parts in an attempt to make it more efficient and profitable.

Rivian founder and CEO RJ Scaringe has promised investors that the R2 will be a turning point for the company’s profits, sales and technologies. The EV maker is also aiming to launch hands-free, eyes-off driving to better compete against U.S. EV industry leader Tesla.

Advertisement

“R2 is the key transition vehicle for Rivian to transform into a scaled auto manufacturer, which in turn helps drive operating leverage across the business (including R1),” said Morgan Stanley analyst Andrew Percoco.

Morgan Stanley noted that while it’s bullish on long-term demand for the R2, it remains more “cautious in the near-term” as the company transitions to its third-generation electrical architecture that will debut on the new vehicle.

Why the R2 could be Rivian's key to profitability

Others, such as Barclays, have questioned the demand for the R2, which Rivian has said is expected to anchor its current plant in Normal, Illinois, as well as an upcoming, multibillion-dollar plant in Georgia that’s expected to be capable of producing up to 400,000 vehicles a year.

“There is increasing uncertainty on R2’s volume outlook following the recent negative policy developments (i.e. $7.5k IRA credit expiration, reduced reg credits, tariff costs), with R2 likely launching in a period of weak US EV demand,” Barclays analyst Dan Levy said in an August investor note analyzing potential demand for the vehicle.

In addition to changing federal regulations, such as the end of up to $7,500 in federal tax credits, the R2 comes to market as many automakers are pulling back their EV plans or writing off billions of dollars in losses amid slower-than-expected adoption of the vehicles. Analysts have also significantly lowered expectations for market share growth in the years ahead.

Advertisement

Scaringe has said the company expects the R2 to not only compete with EVs such as the Tesla Model Y — the bestselling EV globally — but also traditional gas-powered vehicles.

The R2 is comparable to the Model Y in many key areas. It’s similar in size, mile range and its acceleration time. The Model Y, however, starts at roughly $40,000 and already offers many of the driving technologies Rivian is attempting to accomplish with the R2.

“R2 is an exceptional vehicle and I believe will be a game changer for our customers, our company and the industry,” Scaringe said last month during a call with investors on the company’s quarterly earnings results. “R2 is an extension of the experience we delivered in R1 with design elements and performance to inspire adventure but in a smaller form factor and, importantly, at an attractive lower price point.”

Shares of Rivian have been higher ahead of details of the R2 being released, buoyed by an upgrade by TD Cowen to buy based on a recent deep dive on demand trends for the new EV.

Advertisement

Scaringe described 2025 to investors last month as a “foundational year” for Rivian, while saying 2026 will mark “an inflection point” for the company.

Rivian’s 2026 guidance includes adjusted pretax losses of between $1.8 billion and $2.1 billion and capital expenditures between $1.95 billion and $2.05 billion. That compares with nearly $2.1 billion in adjusted pretax losses and $1.7 billion in capital expenditures last year.

Here are additional details Rivian released Thursday on its planned R2 lineup:

  • Spring 2026: R2 Performance and “Launch Package,” starting at $57,990. Features all-wheel-drive, up to 330-mile range, and 656 horsepower and 609 foot-pounds of torque.
  • Late 2026: R2 Premium, starting at $53,990. Includes a dual-motor AWD setup that produces 450 horsepower and 537 foot-pounds of torque and up to 330 miles in range.
  • First half of 2027: R2 Standard, starting at $48,490. Features rear-wheel drive with 350 horsepower and 355 foot-pounds of torque and up to 345-mile range.
  • Late 2027: R2 Standard, starting at around $45,000. The company has released limited other details about the model other than that it’s expecting to offer a more than 275-mile range.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Business

Swan Defence promoters to part-sell stake next week, appoints I-banker

Published

on

Swan Defence promoters to part-sell stake next week, appoints I-banker
Hazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is looking to part sell their holding in the company through the offer for sale (OFS) route next week, people aware of the development said on Thursday.

The share sale, which comes amid choppy market conditions and challenges in the shipping or maritime industry due to the Middle East conflict, will help the promoters meet the minimum public shareholding norms, they told PTI.

Investor road shows for the sale, which will see the promoter group divest about 5.01 per cent stake, have already begun, they said.

Once the road shows end this week, the floor price for the issue will be decided, they said.

Advertisement

JM Financial has been appointed as the merchant banker for the proposed share sale, the sources added.


In an exchange filing on Monday, Swan Defence and Heavy Industries said its promoter Hazel Infra has proposed to sell approximately 5.01 per cent of the company’s equity shares through the offer-for-sale route via the stock exchange mechanism, in line with circulars issued by the Securities and Exchange Board of India (SEBI).
Emails sent to Swan Defence and Heavy Industries and JM Financial remained unanswered till the time of publishing the story.Swan Defence operates the Pipavav shipyard facility, which was earlier owned by the bankrupt Reliance Naval and Engineering. The company currently has a market capitalisation of around Rs 12,000 crore.

Hazel Infra is a special purpose vehicle floated by Swan Energy for taking over Reliance Naval and Engineering from insolvency resolution.

Swan Energy holds 74 per cent in Hazel Infra and the remaining 26 per cent is held by Hazel Mercantile, in which Swan is a strategic investor.

Swan Group has interests in the textiles, real estate, oil and gas and petrochemical sectors.

Advertisement

The Swan Defence scrip, which had witnessed some selling after the OFS announcement, gained 4.99 per cent to close the session at Rs 2,285.05 a piece on the BSE on Thursday.

Continue Reading

Business

Jo Malone sued for using her own name in collaboration with Zara

Published

on

Jo Malone sued for using her own name in collaboration with Zara

The perfumier sold the rights to her name in 1999 but has previously said she regretted the move.

Continue Reading

Business

US Stocks: Bumble shares soar 40% as investors swipe right on AI-powered reboot

Published

on

US Stocks: Bumble shares soar 40% as investors swipe right on AI-powered reboot
Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI-driven overhaul of its apps to lure back younger users.

The rebound comes after years of losses and battered investor confidence, with the stock losing half of ‌its value last ⁠year as ⁠growth in the online dating market slowed amid stiff competition.

CEO Whitney Wolfe Herd is betting that a revamped product could reinvigorate growth and appeal to younger users who complain of swiping fatigue.

The company is preparing to launch Bumble 2.0 that uses artificial intelligence to enhance quick photo swipes with a scrollable profile of short chapters that outline a user’s interests, lifestyle ⁠and personality. ‌Herd also said that Bumble could experiment with a “no-swipe” experience in some markets.

Advertisement

Analysts, however, struck a cautious note on the ⁠degree to which the redesign would turn around Bumble’s fortunes. ​They are watching for signs of “meaningful innovation” in an ​industry that has seen little change since the swipe-based design became standard.


The dating category has had “multiple false starts”, analysts at Jefferies said. “While early signs of stabilization are encouraging, we need to see a more sustained improvement to turn constructive.”
Dating applications like Match Group’s Hinge are also rolling out AI-powered ‌tools aimed at improving user experience to win back younger users as dating apps race to adapt to shifting preferences.Bumble reported ​fourth-quarter revenue ​of $224.2 million, topping analysts’ ⁠estimates of $221.3 million, while average revenue per paying user jumped 7.9% to $22.20. Its performance-marketing spend dropped more than 80% year-on-year.

Raymond James analysts said near-term momentum for ​Bumble still depends on stabilizing paid users and proving that the post-reset ecosystem can grow without heavy reliance on paid acquisition.

The stock trades at 3.55 times its projected earnings for the next 12 months, compared with 11.05 times for the Match Group.

Advertisement
Continue Reading

Business

Labour workers’ rights law could hit Gen Z jobs hardest, retailers warn

Published

on

Young shoppers are transforming the landscape of payment disputes, according to a new report from Chargebacks911, as mobile-first habits and expectations for instant service reshape how consumers resolve transaction issues.

Young workers could be among the biggest casualties of the government’s new workers’ rights legislation, with retailers warning the reforms risk worsening Britain’s growing youth unemployment problem.

Industry leaders say the Employment Rights Act, which recently received royal assent, could lead employers to scale back flexible and entry-level roles as businesses adjust to higher employment costs and tighter regulation. The British Retail Consortium (BRC) argues that the changes could unintentionally restrict opportunities for younger workers who often rely on part-time or flexible jobs as their first step into employment.

The warning comes as youth unemployment continues to climb across the UK. Official forecasts suggest overall unemployment could reach 5.3 per cent this year, while joblessness among younger people has already reached its highest level in more than a decade.

Former Labour health secretary Alan Milburn, who is currently leading a government-commissioned review into youth employment and economic inactivity, has described the situation as an “existential crisis” for Britain, highlighting the scale of the challenge facing policymakers.

Retail leaders fear the new employment rules could discourage companies from offering the type of flexible roles that many younger people depend on.

Advertisement

The legislation introduces a number of significant workplace reforms, including giving workers on zero-hours and low-hours contracts the right to request guaranteed working hours. It also introduces day-one eligibility for statutory sick pay, shortens the qualification period for unfair dismissal protections, and makes it easier for workers to secure trade union recognition.

While the government argues the measures will improve job security for millions of workers, the BRC says they may create additional costs and administrative complexity for employers, particularly in sectors that rely heavily on flexible staffing models.

Retailers warn that if businesses respond by reducing hiring or limiting flexible contracts, entry-level positions may be the first roles to disappear.

“Local, flexible jobs are important first steps into work for young people across the country,” said Helen Dickinson, chief executive of the British Retail Consortium. “Whether it is a Saturday job around studies or shifts alongside caring responsibilities, these roles are relied upon and valued by many.”

Advertisement

She added that with youth unemployment already rising, policymakers must ensure reforms tackle poor employment practices without choking off opportunities for younger workers entering the labour market.

The retail sector plays a crucial role in providing early work opportunities for younger people.

According to industry data, around 780,000 retail jobs are held by workers aged between 16 and 25, representing roughly 28 per cent of the sector’s workforce.

These roles often include part-time shifts, weekend work or seasonal employment that can be combined with education, training or other commitments.

Advertisement

A survey commissioned by the BRC found that 70 per cent of people aged 18 to 29 consider flexibility in working hours to be important, rising to nearly three-quarters among those in part-time employment.

By comparison, only 52 per cent of adults overall rated flexible work as a key priority.

Retailers say this demonstrates how critical flexible employment is for younger workers balancing education, family responsibilities or early career exploration.

The industry warns that if employers become reluctant to offer flexible arrangements because of regulatory or financial pressures, Gen Z workers could lose a vital pathway into the workforce.

Advertisement

Concerns over the Employment Rights Act come amid broader tensions between retailers and the government over the rising cost of employment.

Businesses have already criticised increases to employer national insurance contributions and the national living wage, which were introduced as part of Labour’s first autumn budget.

Many employers argue that the combined effect of higher payroll taxes, wage increases and new workplace regulation is creating a more difficult hiring environment.

During an appearance before the Commons Treasury Select Committee, Chancellor Rachel Reeves acknowledged criticism surrounding the national insurance increase, saying there was a “valid argument” that it could have been avoided.

Advertisement

However, Reeves defended the decision, stating that the tax rise helped fund improvements to the NHS and reduce waiting lists.

Retail leaders remain concerned that further cost increases could slow recruitment, particularly in sectors with tight margins and large workforces.

The debate over workers’ rights legislation comes at a time when youth employment is already under scrutiny.

Recent official figures suggest nearly one million people aged 16 to 24 in the UK are currently not in education, employment or training (NEET).

Advertisement

Economists and labour market experts warn that prolonged periods outside work or education can have lasting effects on young people’s future earnings, skills development and career prospects.

Retail and hospitality sectors have historically provided entry-level roles that help young people gain experience, build confidence and develop transferable workplace skills.

If those opportunities shrink, experts fear it could make it harder for young people to enter the labour market and progress into long-term careers.

Despite industry concerns, ministers insist the legislation will ultimately strengthen the labour market rather than weaken it.

Advertisement

A government spokesperson said supporting young people into employment remains a priority, pointing to the ongoing review led by Alan Milburn.

The government argues the Employment Rights Act will improve job security for more than 18 million workers, including younger employees who are often overrepresented in insecure or low-paid work.

Officials also maintain that businesses will still be able to offer flexible working arrangements where both employer and employee agree.

“The Employment Rights Act will boost employment and improve job security for over 18 million workers, with young people among the biggest winners,” the spokesperson said.

Advertisement

“It will not mean businesses have to reduce their flexible roles and employers and employees will continue to be able to agree hours that suit them best.”

The debate highlights the broader challenge facing policymakers: how to improve employment protections without discouraging job creation.

Supporters of the legislation argue stronger rights will create fairer and more stable workplaces, helping to address insecure employment practices that have grown in parts of the economy.

Critics, however, warn that well-intentioned reforms could have unintended consequences, particularly for younger workers seeking their first job.

Advertisement

With youth unemployment rising and economic growth remaining modest, the effectiveness of the reforms may ultimately depend on whether businesses continue to create accessible entry-level roles.

For many young people entering the workforce, those first opportunities could prove decisive in shaping their long-term career prospects.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

Advertisement

Continue Reading

Business

Chris Jackman, Attorney of Washington State, on Scaling a Mission-Driven Law Firm Without Losing the Personal Touch

Published

on

Chris Jackman, Attorney of Washington State, on Scaling a Mission-Driven Law Firm Without Losing the Personal Touch

Chris Jackman, Attorney of Washington State, built his firm with a clear mission and a narrow focus. He started with a single office in Seattle and a commitment to represent fathers in family law matters at moments when their families and futures felt uncertain. Twelve years later, that firm has expanded into Washington State, Colorado, and Texas, with six active lawyers and more than twenty staff members serving clients across multiple jurisdictions.

Growth in the legal profession often comes at a cost. As firms expand, founders lose direct contact with clients. Communication slows. Standards blur. Culture becomes a slogan rather than a lived reality. Jackman approached expansion differently. From the beginning, he treated scale not as a race for size but as an operational challenge that required deliberate systems, cultural clarity, and leadership discipline.

The result is a multi-state practice that continues to grow while maintaining a reputation for responsiveness and individualized attention.

Building Infrastructure Before Expansion

Jackman’s firm rests on three core values: staying customer-focused and obsessed, taking complete ownership of one’s work, and creating a culture that respects and rewards excellence. Those values are not decorative language on a website. They are embedded in daily operations.

Advertisement

One of the firm’s most explicit standards is a strict 24-hour communication policy. Clients receive responses within 24 hours of reaching out about the status of their case. In family law, where clients are often emotionally overwhelmed and anxious about outcomes they cannot fully control, responsiveness is not a courtesy. It is part of the service itself.

That communication rule does more than reassure clients. It sets an internal expectation. Every team member knows that silence is unacceptable. Delays require explanation. Ownership is personal, not collective. Jackman frequently reminds his team that when everyone is accountable, no one is. Responsibility must be clear and assigned.

This emphasis on systems over improvisation is central to how he thinks about scaling. He often tells his team that mistakes are human. The more important question is why the mistake occurred. Was there a process? Was there a defined system? If not, the solution is structural, not emotional. Build the system, and the mistake is less likely to recur.

Many founder-led firms plateau because the founder remains the central hub of every decision. Jackman has been explicit about avoiding that trap. Firms that scale successfully, in his view, understand how to delegate, how to hold people accountable, and how to recruit talented professionals who can operate within a defined framework.

Advertisement

Delegation without standards creates chaos. Standards without delegation create bottlenecks. His approach combines both.

A Leadership Philosophy Rooted in Ownership

Chris Jackman, Attorney of Washington State, is known primarily as the owner and managing attorney of The Jackman Law Firm, often described as America’s Premier Father’s Rights Law Firm. He has tried cases before juries and judges, arbitrated more than a hundred matters, and mediated hundreds more. That courtroom experience shapes his leadership style.

He is direct. He tells clients what they need to hear rather than what they want to hear. He expects the same candor inside the firm. Truth-telling, even when uncomfortable, is part of maintaining standards.

This philosophy influences hiring and training. Young professionals entering law, in his view, often struggle with difficult conversations and holding others accountable. He sees the ability to engage in honest, sometimes tough dialogue as a differentiator in high-stakes advisory work.

Advertisement

Inside a growing firm, that skill becomes operationally significant. Lawyers must set expectations with clients. Managers must address performance gaps. Team members must escalate issues before they become crises. A culture that avoids hard conversations cannot scale cleanly.

Jackman reinforces an ownership mindset at every level. Each team member is responsible not only for their technical work but also for how that work fits into the broader client experience. A missed call, an unclear email, or an unaddressed question is not a minor lapse. It is a failure of ownership.

The discipline required to sustain that mindset across multiple states does not happen by accident. It requires repeatable training, internal review, and constant reinforcement from leadership.

Protecting the Client Experience During Growth

Family law clients frequently arrive in an emotional state. They feel overwhelmed, uncertain, and fatigued by conflict. Jackman has developed a consistent framework for helping them slow down. He asks them to project themselves three years into the future and consider how they will view their current crisis.

Advertisement

That perspective shift does two things. It stabilizes the client emotionally, and it clarifies the strategy. Decisions are framed around long-term outcomes rather than short-term reactions.

Scaling a firm that handles such sensitive matters requires more than legal competence. It requires a standardized approach to client psychology. Every lawyer in the firm must understand how to guide clients away from impulsive decisions and toward measured, forward-looking thinking.

Jackman has worked to codify these approaches so they are not dependent on his personal presence in every conversation. Scripts, training discussions, and internal case reviews reinforce how clients should be counseled. This is how a firm maintains a personal touch without requiring the founder to personally handle every intake call.

The firm’s growth into Washington State, Colorado, and Texas did not dilute this philosophy. Expansion required identifying attorneys who could internalize the firm’s standards and apply them consistently across jurisdictions.

Advertisement

Treating a Law Firm as a Business

Early in his career, Jackman did not view the legal field as particularly creative. That perspective changed. He encourages his team to think outside the traditional boundaries of law firm operations and to see the firm as a business rather than simply a practice.

This mindset has influenced branding, communication, and technology adoption. The firm experimented with social media as a branding and communication tool, discovering that it strengthened the authenticity of its public voice and clarified its core values.

Creativity, in this context, is not about novelty for its own sake. It is about identifying better ways to serve clients and operate efficiently. Jackman balances that creativity with practicality. He encourages innovation but insists that ideas remain grounded in operational reality.

His perspective on artificial intelligence reflects that balance. Some legal professionals resist AI entirely. Others overestimate its capabilities. He sees it as a tool, neither blindly trusted nor dismissed, to enhance performance when used responsibly.

Advertisement

This measured approach to technology is part of the infrastructure story. Scaling across states requires document management systems, communication platforms, and standardized workflows that can support a growing team. Technology becomes an enabler of consistency.

Avoiding the Founder Dependency Trap

One of the clearest distinctions between firms that scale and those that stall, according to Jackman, is whether the founder can step back from daily control.

In the early days of a firm, the founder touches everything. Intake, court appearances, billing, hiring. That hands-on involvement can create a strong culture but also a fragile one. If the founder remains the bottleneck, growth becomes unsustainable.

Jackman’s expansion from a single Seattle office to a multi-state firm required intentional separation between vision and execution. Systems define expectations. Managers enforce them. Attorneys operate within them. The founder sets direction and reinforces standards rather than personally handling every operational detail.

Advertisement

This structural clarity allows the firm to pursue its stated goal of continued expansion, including a long-term vision of serving fathers nationwide. Ambition without infrastructure is risky. Infrastructure without ambition is stagnant. His strategy attempts to combine both.

Culture as a Competitive Advantage

Legal services are often perceived as commoditized. Many firms offer similar practice areas, similar fee structures, and similar marketing language. Jackman differentiates through culture and clarity.

He challenges clients to focus on what they can control rather than external biases or perceived unfairness in the system. He challenges team members to confront mistakes with process improvements rather than defensiveness. He challenges young professionals to develop the courage to have difficult conversations.

These patterns reinforce a coherent identity. Clients experience a firm that responds promptly, speaks candidly, and operates within defined standards. Employees experience clear expectations and accountability.

Advertisement

For Chris Jackman, Attorney of Washington State, scale has never meant abstraction. It has meant repetition. Repeat the standards. Repeat the systems. Repeat the ownership mindset. The personal touch is preserved not through constant founder presence but through institutionalized values.

As the firm continues to expand beyond its Seattle origins and deeper into multi-state operations, the central question remains the same: can growth and intimacy coexist? Jackman’s answer has been to treat operational excellence as the bridge between the two. When systems are strong, communication is disciplined, and culture is enforced daily, a mission-driven law firm can grow without losing the very qualities that made it distinctive in the first place.

Continue Reading

Business

McDonald’s launches $3 items and $4 meal deals for price-conscious customers

Published

on

McDonald's launches $3 items and $4 meal deals for price-conscious customers

McDonald’s is doubling down on its “McValue” menu as the fast-food giant acknowledges that years of post-pandemic price hikes have left many Americans feeling priced out of a basic burger and fries.

In an internal message to franchisees, the world’s largest burger chain announced a sweeping “McValue 2.0” initiative set to launch in April, featuring $3 items and $4 meal deals designed to lure back lower-income consumers who have pulled back on spending because of persistently high living costs.

Advertisement

“We have achieved incredible progress together and remain committed to meeting ever-changing customer needs,” McDonald’s wrote in a message to chain franchisees obtained by The Wall Street Journal.

McDONALD’S C.E.O. ROASTED AFTER HIS TINY FIRST BITE OF NEW BIG ARCH BURGER GOES VIRAL

The new menu items will replace the previous buy-one-add-one promotions. Customers can soon pay $3 or less for items including 4-piece Chicken McNuggets or a Sausage Biscuit, and $4 for breakfast meal deals with a McMuffin sandwich, hash brown and coffee.

McDonald's store front in New York City

A person enters a McDonald’s restaurant on Broadway on June 11, 2025, in New York City. (Getty Images)

Internal memos reportedly showed a “unanimous alignment” between the corporation and franchisees, who set their own prices, to address the affordability gap at McDonald’s. Stores are expected to begin training employees on the new deals in the coming weeks.

Advertisement

“We absolutely are going to make sure that we are protecting our leadership position in value,” CEO Chris Kempczinski during a February investor call.

Fox News previously reported that McDonald’s prices have risen sharply post-pandemic, with millennials especially vocal on social media about how much menu costs have increased since their childhoods.

A social media user shared a viral graphic claiming a McDonald’s feast once cost about $12 total — with medium fries at 99 cents, a cheeseburger at 79 cents and a Big Mac at $1.85. The post also said a Filet-O-Fish sold for $1.29 in 1991 and a medium drink for 89 cents.

Advertisement

Last year, the company capitalized on its $5 meal deal, various holiday promotions and the revival of its Monopoly sweepstakes. The strategy appeared to work as U.S. sales rose 6.8% in the fourth quarter, the biggest jump in about two years, as lower-priced offers and aggressive promotions drove traffic back into restaurants. Analysts had expected a 4.9% gain.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Kempczinski also said there is growing evidence the company’s value push is working, particularly among lower-income consumers who have been most affected by inflation.

McDonald’s recently ranked No. 10 on Entrepreneur’s Franchise 500 annual list, which evaluates costs, fees, size, growth, support, brand strength and financial stability. The 2026 report marks McDonald’s first Top 10 appearance since 2020, when it placed No. 3. The chain ranked No. 22 in 2025 rankings.

READ MORE FROM FOX BUSINESS

Fox News’ Andrea Margolis and FOX Business’ Bradford Betz contributed to this report.

Advertisement
Continue Reading

Business

How Iran war laid bare the world's reliance on Gulf oil and gas

Published

on

How Iran war laid bare the world's reliance on Gulf oil and gas

Countries around the world are feeling the impact of the conflict and the resulting energy price shock.

Continue Reading

Business

Common tax mistakes that cost taxpayers more money during filing season

Published

on

Common tax mistakes that cost taxpayers more money during filing season

Tax season is stressful enough, but avoidable mistakes can turn a routine filing into an expensive headache. 

With Tax Day approaching, here are five common filing missteps that could mean a smaller refund, a bigger bill or delays getting your return processed.

Advertisement

1. Choosing the wrong filing status

Two people look at a laptop screen.

When in doubt about your filing status, the IRS has a tool to help you select the correct choice for your tax return. (iStock)

Your filing status is one of the most important choices on your tax return because it helps determine your tax rate, your standard deduction and which credits you may be eligible to claim. Pick the wrong one, and you could end up paying more than you owe, getting a smaller refund or triggering delays if the IRS flags the return for review.

For many taxpayers, the confusion comes from life changes that happened during the year, like getting married or divorced, having a child, moving in with a partner, supporting an aging parent or sharing custody. Even if your situation feels straightforward, the IRS rules can be less intuitive, especially for taxpayers who aren’t sure whether they qualify as “head of household” or whether they can still file as “qualifying surviving spouse” after a spouse has died.

Head of household, in particular, can be costly to get wrong. It typically comes with a larger standard deduction and more favorable tax brackets than filing as single – but it has strict requirements tied to paying more than half the cost of keeping up a home and having a qualifying dependent. If you don’t meet the rules and claim it anyway, you may have to pay back tax benefits later, plus penalties and interest.

When in doubt, the IRS has an online filing-status tool, and many tax software programs will walk you through the questions to help you choose the right category.

Advertisement

2. Leaving credits on the table

One of the biggest and most expensive tax-season mistakes is failing to claim every credit or deduction you qualify for. That can mean a smaller refund or a higher bill.

“I think the top mistake people make is not fully understanding or taking the time to really research what are all the different deductions and the ways that you can put a little bit of extra money in your pocket that are available to you,” said Bill Sweeney, senior vice president of government affairs at AARP.

AVERAGE TAX REFUND TOPS $3,700 MIDWAY THROUGH FILING SEASON, TREASURY SAYS

Sweeney also warned taxpayers not to rely on last year’s return as a blueprint for filing because of recent changes to the tax code from the One Big Beautiful Bill Act

Advertisement

“This would be a good year given that there are these changes to the tax code, to make sure not to assume that what you did last year will convey over to this year. Really take a fresh look at your tax situation and see if there’s money that you’re leaving on the table,” he said.

3. Missing key deadlines

IRS headquarters

If you file an extension with the IRS, you still owe money by April 15. (J. David Ake/Getty Images)

An extension can buy you time to file your paperwork, but it doesn’t give you extra time to pay. For most taxpayers, the IRS deadline to pay what you owe is April 15, 2026 – even if you request an extension to file later.

“Remember that even if you claim an extension, the money is owed on April 15,” said Mike Faulkender, co-chair of American Prosperity at the America First Policy Institute.

WHAT TRUMP’S NEXT PICK TO LEAD THE FEDERAL RESERVE MEANS FOR YOUR WALLET

Advertisement

Faulkender, a former Treasury official and IRS commissioner, said taxpayers who need more time should still estimate their bill and pay by the filing deadline to help avoid added costs.

“You have to actually send in a check or have the payment deducted from your account by the filing deadline,” he said.

If you can’t pay in full by April 15, pay what you can to help limit penalties and interest on top of your tax bill.

4. Entering bank account details incorrectly

If you choose direct deposit for your refund, the IRS relies on the routing and account numbers you provide. One wrong digit can lead to delays. 

Advertisement

If you pay what you owe by direct debit, incorrect banking details can also lead to a rejected payment and potentially result in penalties and interest.

5. Filing before all your tax forms arrive

IRS tax form

Sending in your tax return with missing documents can lead to errors, amendments and fees. (Michael Bocchieri/Getty Images)

Timing matters when it comes to filing your taxes. Submitting your return before you’ve received all your key paperwork, like W-2s or 1099s, can lead to errors, missing income or a return you have to amend later.

Faulkender said there’s a simple way to double-check what’s been reported under your name before you file. 

“One of the things that I learned last year when I was IRS commissioner, was that if you create an account on irs.gov, you can see everything that’s been filed under your tax ID,” he said. 

Advertisement

CLICK HERE TO GET FOX BUSINESS ON THE GO

“We’re supposed to receive all of our W-2s and our 1099 forms in the mail in January and February. But if you’re missing one, or you misplaced it rather than requesting it again, you can actually go and see what was filed under your taxpayer identification number if you create an account on IRS.gov.” 

Filing late can also cost you extra money, especially if you owe. The goal is to wait until you have what you need, then file as soon as you’re ready.

Advertisement
Continue Reading

Business

When Criminal Allegations Threaten Careers, Early Defense Strategy Matters

Published

on

When Criminal Allegations Threaten Careers, Early Defense Strategy Matters

Allegations of crimes made in public may change your career overnight. For business owners, licensed professionals, people in authority or those who present themselves to the public; an arrest or investigation is not merely legal but also affects one’s reputation for years to come.

In Seattle and across Washington, early legal intervention often determines whether a case quietly resolves or becomes a career-defining crisis. A seasoned Seattle criminal defense attorney understands that protecting professional reputation legal case concerns must begin on day one. For individuals whose licenses, businesses, or public standing are at risk, professional criminal defense requires more than courtroom skill. It requires strategic foresight.

The Immediate Fallout of Public Allegations

In today’s digital environment, allegations can spread before formal charges are filed. Arrest records appear online. Media outlets report based on limited information. Search engine results may display booking photos or headlines long before any judicial findings.

Advertisement

For physicians, attorneys, financial advisors, educators, and corporate leaders, this visibility can trigger parallel consequences. Clients withdraw. Employers initiate internal investigations. Licensing boards open disciplinary inquiries.

The harm often begins before a court evaluates the evidence.

According to the Bureau of Justice Statistics, many criminal cases are dismissed or resolved without conviction. Yet reputational damage can linger even where charges are reduced or dropped. That is why early Washington defense strategy matters.

Due Process and the Presumption of Innocence

Advertisement

The presumption of innocence remains a cornerstone of American law. However, public opinion does not always wait for due process to unfold.

A Seattle criminal defense attorney representing professionals must protect both the legal record and the narrative surrounding it. Early steps may include reviewing probable cause, examining the conduct of law enforcement, and identifying constitutional violations. Suppression motions, pre-filing advocacy, and early engagement with prosecutors can sometimes prevent formal charges.

This approach reflects a principle emphasized in legal practice: strategy begins at the outset of a case, not on the eve of trial. In litigation matters, understanding the other side’s perspective is critical to shaping a strong defense.

Licensing Boards and Parallel Proceedings

Advertisement

For licensed professionals, a criminal investigation rarely stands alone. Licensing authorities may initiate separate proceedings based solely on an arrest.

Medical boards, bar associations, and regulatory agencies operate under their own standards. In some cases, they require disclosure of investigations even before charges are resolved. A professional criminal defense plan must account for these overlapping systems.

Failure to coordinate responses can create inconsistent statements or admissions that complicate the criminal case. An experienced attorney evaluates how testimony, public statements, and administrative filings may affect each forum.

The goal is alignment. A Washington defense strategy must consider courtroom litigation and regulatory exposure simultaneously.

Advertisement

Media Coverage and Online Visibility

Media reporting can amplify risk. Even a brief mention in a local outlet may appear in search results for years. In Seattle’s active business environment, where entrepreneurs and executives operate in close networks, visibility can affect investor confidence and partnerships.

This is particularly relevant in metropolitan regions such as Seattle and the greater Puget Sound area, which serve as fertile ground for business activity. Professionals in such environments often rely on trust and reputation as core business assets.

Strategic defense planning may include measured public communication. While attorneys do not litigate cases in the press, they may advise clients on appropriate statements that preserve legal rights without escalating attention.

Advertisement

The balance requires discipline. Overreaction can intensify scrutiny. Silence without planning can allow misinformation to dominate.

Early Case Assessment and Risk Analysis

Every case begins with facts. Effective professional criminal defense involves breaking down allegations into elements and identifying what evidence supports each claim.

This structured approach mirrors a broader litigation principle: outline each element and determine which facts correspond to each requirement. When conducted early, this analysis clarifies strengths, weaknesses, and potential exposure.

Advertisement

For professionals, risk analysis extends beyond sentencing guidelines. It includes employment contracts, partnership agreements, licensing standards, and public reporting obligations. An early assessment can inform decisions about plea negotiations, trial posture, or diversion programs.

Importantly, clients must understand the timeline and financial realities of a case. Criminal proceedings often move slowly. Transparent communication builds trust and prevents misunderstanding.

Strategic Communication and Documentation

Clear documentation is a hallmark of sound legal practice. In high-stakes matters, every significant decision should be confirmed in writing.

Advertisement

Effective communication reduces later disputes and protects both attorney and client. Expectations, authorized actions, and settlement parameters must be recorded to prevent confusion.

For professionals, documentation may also include internal compliance steps. Demonstrating proactive corrective measures can influence prosecutorial discretion and regulatory review.

Precision matters. In legal advocacy, unnecessary wordiness weakens clarity. Complex issues can often be explained in straightforward language. This discipline supports effective representation before judges, boards, and opposing counsel.

The Human Dimension of High Stakes Cases

Advertisement

Criminal allegations do not occur in isolation. They affect families, employees, and communities. Business owners may worry about payroll. Physicians may fear for patients. Executives may consider shareholder impact.

An experienced criminal defense attorney recognizes these pressures. Leadership in legal practice requires steadiness and candor. Clients seek knowledgeable counsel who communicates clearly without exaggeration.

In Seattle, David Ruzumna has represented individuals facing complex legal disputes for decades. Through the Law Office of David Ruzumna, PLLC, he works with professionals navigating high-stakes legal matters. His approach emphasizes careful listening, strategic assessment, and respect for client decision-making.

Clients ultimately determine how to proceed. An attorney’s role is to ensure those decisions are informed and realistic.

Advertisement

Professional Criminal Defense Beyond the Courtroom

Protecting professional reputation legal case outcomes often requires coordination beyond the criminal court. Defense counsel may engage with employers, insurance carriers, or regulatory agencies. In some situations, early mitigation efforts reduce collateral consequences.

For example, demonstrating compliance reforms or voluntary counseling may influence prosecutorial decisions. While such measures do not concede guilt, they can show accountability and foresight.

A Washington defense strategy must remain consistent across forums. Statements made in one setting can affect credibility in another. That is why strategic planning at the earliest stage is essential.

Advertisement

Dave Ruzumna Seattle practitioner, notes that disciplined preparation and steady communication are central to effective advocacy. His practice reflects a commitment to clarity, professionalism, and deliberate strategy.

The Role of Mentorship and Experience

Experienced counsel often draws on years of courtroom observation and judicial service. Exposure to different perspectives enhances strategic judgment.

David Ruzumna’s background includes service as a judge pro tem in Washington courts. That experience informs his understanding of how judges evaluate credibility, evidence, and argument.

Advertisement

Listening, restraint, and measured speech are qualities respected in court. As noted in legal practice guidance, strong advocates focus on the kernel of a case and build a clear narrative.

For professionals confronting criminal allegations, that narrative must address not only legal defenses but the broader context of their careers and conduct.

Balancing Fairness and Accountability

Criminal defense does not excuse misconduct. It ensures fairness. In high-profile cases, public reaction can overshadow evidence. A Seattle criminal defense attorney serves as a safeguard against premature judgment.

Advertisement

Fairness requires examining law enforcement conduct, testing witness credibility, and insisting on proof beyond a reasonable doubt. It also requires honest conversations with clients about risk.

Stoicism and decisiveness support effective leadership in legal representation. Professionals facing allegations need steady counsel capable of evaluating options without panic.

Through the Law Office of David Ruzumna, PLLC, David Ruzumna provides representation grounded in due process and strategic foresight. His work as Dave Ruzumna, Seattle defense counsel, reflects an understanding that careers, families, and reputations often hang in the balance.

Protecting Long-Term Reputation

Advertisement

Even after a case concludes, reputation management may continue. Expungement, record sealing, and careful digital review can reduce long-term visibility of dismissed charges.

Professionals must also consider rebuilding trust with clients and colleagues. Transparent communication, consistent performance, and ethical conduct support recovery.

Criminal allegations can disrupt a career. They do not have to define it.

Why Early Strategy Determines Outcomes

Advertisement

When allegations arise, acting quickly is essential. Thus, hiring a lawyer early on helps to investigate before any potential evidence disappears or any escort narratives become fully established. Additionally, strategic planning to develop a criminal defense prior to any type of charges being filed will allow you to influence how the authorities decide to charge you, how the regulatory agencies will respond, and how much media coverage you may receive.

A professional criminal defense attorney works proactively instead of reactively.

Having a Washington criminal defense strategy that has been developed in a measured and educated manner will protect more than just a criminal record; it will also protect the professional reputation that you worked very hard to build.

If you are in Seattle and facing serious allegations, contacting a skilled criminal defense lawyer in Seattle is an important first step to helping you protect both your freedom and your career.

Advertisement
Continue Reading

Trending

Copyright © 2025