T. S. A. Says somebody broke the rules taking them through a private area to bypass a security checkpoint. American airlines tells tmz it was a laps in judgment by one of its employees. You think . Were keeping an eye down in mobile, alabama. The stricken Carnival Cruise line, limping back into port after 4. 5 days without any power, horrendous conditions onboard. A towline bringing it to port broke. Its been reattached so its slowly making its way. Well have continuing coverage tonight on the fox report. Shep will be here. Im gregg jarrett. Neil cavuto is next. Say hello to the worlds Biggest Airline and maybe your biggest travel nightmare. Welcome, everybody, glad to have you, im neil cavuto and this is your world and this is the state of your travel world. With the eyepopping pairing of American Airlines and u. S. Airways, we have four super carriers ruling the skies. For nine out of ten u. S. Flyers, ruling their travel plans as well. Thats how many flights american, united, delta
Well have more on american in a moment, but we begin tonight with buffett and that surprising megafood deal. The billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for 28 billion. The private equity group and Buffetts Berkshire hathaway are paying 72. 50 a share in cash. Thats a 20 premium over heinzs Closing Price yesterday. Ruben ramirez reports. Reporter the oracle of omaha now has a new title ketchup king. For the first time, Warren Buffett, whos shied away from working with private equity partners, is teaming up with 3g capital in a 28 billion deal close to 24 billion of that in cash and the assumption of 4 billion in debt to take h. J. Heinz private. Warren buffett is starting to get older at this point, and, in this case, hes having 3g handle the operational side of this transaction. Reporter while buffetts age may be advancing, hes still very interested in doing deals in wellknown brands. Its not the first time buffett has part
So it doesnt look to, like, buy then sell in a few years like a lot of private equity firms. Reporter 3g is run by jorge paulo lemann. He and buffett both served on the board of gillette. 3g capital snapped up burger king two years ago. The fast food chain has been aggressively overseas. Analysts say we could see more wellestablished u. S. Brands look to do deals with partners in fastgrowing emerging markets as a way to spark growth. Ruben ramirez, n. B. R. , new york. Susie steve farley is familiar with Warren Buffetts recipe for success. His new York Investment firm, farley capital, has held Berkshire Hathaway stock for two decades. So, steve, we know that Warren Buffett likes bargains. Hes a penny pincher, selfdescribed. And here hes paying a 20 premium for h. J. Heinz. Are you concerned hes overpaying . Im not. I think first of all, the way buffett, what he is concerned about is the price hes paying for the value hes getting. Its really irrelevant to him what premium he is paying t
So it doesnt look to, like, buy then sell in a few years like a lot of private equity firms. Reporter 3g is run by jorge paulo lemann. He and buffett both served on the board of gillette. 3g capital snapped up burger king two years ago. The fast food chain has been aggressively overseas. Analysts say we could see more wellestablished u. S. Brands look to do deals with partners in fastgrowing emerging markets as a way to spark growth. Ruben ramirez, n. B. R. , new york. Susie steve farley is familiar with Warren Buffetts recipe for success. His new York Investment firm, farley capital, has held Berkshire Hathaway stock for two decades. So, steve, we know that Warren Buffett likes bargains. Hes a penny pincher, selfdescribed. And here hes paying a 20 premium for h. J. Heinz. Are you concerned hes overpaying . Im not. I think first of all, the way buffett, what he is concerned about is the price hes paying for the value hes getting. Its really irrelevant to him what premium he is paying t
Melissa happy valentines day, im melissa francis. We planned the wardrobe all week for you this afternoon. Were not supposed to tell them that. Thank you for joining us on markets now, and wall street is wonders where is the love . Lower despite two major deals. Whats pressuring stocks . A fascinating look at ceo confidence, pwcs u. S. Chairman is standing by. Right now, he has his annual ceo survey. It might surprise you. Calling senates bluff on spending. Lou dobbs weighs in. News on the stranded carnal cruise ship. The clock cannot turn fast enough. Those poor people. I agree. Up to speed on the markets, back to the floor, annie coal and nicole, another sideways day. Dow down six points, not far off the unchanged line for all three major averages. The nasdaq and s p squeeze out gains, the dow slightly to the downside. S p, as we talked about yesterday, right, broader average, and the dow just has 30. It moves the archings more. One thing the traders talked about from the minute i wa