United Continental Holdings, the parent company of United Airlines, reported a profit of $379 million, or 98 cents per share, for the third quarter. During the quarter, revenue rose by 3% compared with the same quarter last year to $10.23 billion.
First Potomac Realty Trust has sold the bulk of its industrial holdings to two buyers for $259 million in total. An affiliate of Blackstone Real Estate Partners VII acquired the vast majority of the portfolio –- 4 million square feet -- for $241.5 million. Corporate Office Properties Trust acquired the remainder of the 4.3 million-square-foot portfolio.
Roche Holding plans to invest around $259 million to build a new manufacturing plant at its Penzberg biotechnology site near Munich in response to sustained global demand for its diagnostic test and control reagents. The plant, which will be called Diagnostics Operations Complex II, could begin production by the end of 2014.
New York state's legalization of gay marriage has led to an economic windfall of $259 million from tax revenue and wedding expenditures in New York City. An economic-effect survey shows that wedding celebrations accounted for more than 200,000 guests to the city and nearly 236,000 room nights at hotels, at an average rate per night of $275. "Marriage equality has made our city more open, inclusive and free -- and it has also helped to create jobs and support our economy," Mayor Michael Bloomberg said in a statement.