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-- we have a mega deal in the food industry Berkshire Hathaway and three G capital are buying HJ Heinz for 28 billion dollars.
Under terms of the agreement Heinz shareholders will receive 72 dollars and fifty cents in cash for each share of common stock they own and that represented 20% premium.
Heinz is closing price on Friday or yesterday I should say.
US Airways and the parent company of American Airlines meanwhile have reached an agreement on a merger that will create the world's largest airline by passenger traffic.
Boards from both companies met yesterday to approve the deal under the agreement and mart bankruptcy creditors' loans 72% of the combined airline which will have a market value.
Of around eleven billion dollars and will do business under the American Airlines brand.
Checking the markets now GDP in the Euro -- Germany France and Italy all contracted in the fourth quarter that's impacting the markets this morning we have London down 47.
Paris is down for NASDAQ -- I'm sorry we're looking US futures there but in Europe.
We also red arrows across the board here in the US BC Dow futures are down 47 -- -- -- downpour.
And the nasdaq's down ten meanwhile more Wall Street is setting up shop in the sunshine state.
But it's not just the weather that's pulling finance executives -- Cheryl Casone is live in Miami Beach with more on that hi -- Good morning Diane -- -- beautiful people that's exactly what you think about we think of Miami and all of that is true but there's a bigger story happening right now in South Florida.
During the Great Recession despite years or so many of financial firms those that were always for decades -- things -- their shops in New York.
Have not decided that Florida is a better place to be so you some numbers they -- -- of an example of why.
Many of these smaller businesses brokerage houses hedge funds equity funds are moving down to Florida -- -- about the personal income tax situation.
If you look at New York.
Personal income tax seventh highest in the nation for personal income tax.
That extra employees that affects -- you do -- that affects your business if you file as an S corporation parent Florida.
There is no state income tax only one of seven states in the nation that don't have personal income tax I -- think about everybody.
All the things that you pay for a weather is -- Gasoline.
To do business in New York much higher than in Florida we're gonna have a full day of interviews many of these executive bodies at these financial.
Professionals are going to be joining us -- -- that they.
News cafe and -- the art Deco district.
New York show you something right behind -- right now there's actually a business meeting going on I -- I want to every effort is looking very -- but if you're gonna have a business meeting.
Let's see you can have in this and that -- in the snow.
The New York City or that you could have it.
Right here on southeast her coffee -- I don't know have a great morning and get the business done it's all about technology all right.
Coming up about an hour from now we're gonna be sitting down with Stephen -- is a former managing director LPL financial.
He also left New York decided the better place do business was South Florida and Miami -- you know what -- says he says you know what.
Wall Street is no longer the financial couple the -- -- your -- no longer the financial capital the world's Stephen says frankly that New York has become.
Anti business Stephen black coming up one hour from now right here on Fox Business.
Interesting stuff business hitting -- breast -- -- so bad that tell Casone live from Florida thanks Sarah.
And -- more important news is it finally time to embrace office romance in the spirit of Valentine's Day Lawrence amenities in our newsroom at the news I'm co -- courtship.
Lawrence -- and if you're feeling not you but if everybody anybody is feeling a little bit lonely this Valentine's Day -- over to the desk next year that could be your new special somewhat.
One in four workers say that they have actually dated a co worker.
And at least one time and 30% of those people who are -- their coworkers actually make it to -- all there.
That -- that other 70%.
Who broke up inside this each other react.
-- -- -- But once you lock down macro -- than other new rules and how much you're supposed to spend on them for Valentine's Day eighteen point six billion dollars and all is the total spending.
According to The National Retail Federation is Valentine's Day that's one million more then next year breaks down to about a 130 dollars a person button and spending a lot more than women a 175.
Bucks state 89 bucks and you won't believe this but.
One in five people are buying -- Valentine's Day gifts for their -- Pet spending today 815.
Gift for your dog aren't interesting stuff lords -- -- from the newsroom having done that they feel Monday let's take a look at commodities -- oil and gold have been mixed for most of the morning though we see oil is now back in the green up by about ten cents trading around 97 dollars a barrel.
Gold is up almost four dollars at 1649.
Months now here's the -- and then live on Fox Business giving you.
The power to --
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