Originally created 02/11/00

Business briefs: Nasdaq continues its closing highs

NEW YORK -- The Nasdaq composite index soared to another closing high Thursday, and blue-chip stocks once again lagged behind.

The Nasdaq rose 122.39 to close at 4,485.63 while the Dow Jones industrial average fell 55.53, to 10,643.63.

Declining issues outnumbered advancers by a 7-5 margin on the New York Stock Exchange, where volume totaled 1.05 billion shares.

Westinghouse gets defense contract

Aiken-based Westinghouse Safety Management Solutions LLC announced the Department of Defense awarded it a $10 million contract to analyze potential threats of nuclear, chemical and biological warfare against the United States and its allies.

The company also has been selected to manage Energy Department's plutonium finishing plant at the Hanford Site near Richland, Wash.

Apple Homes reports profit loss

Augusta-based Apple Homes Corp. on Thursday reported growth in third quarter earnings but an overall loss for the nine-month period ending Dec. 31 because of weak conditions in the manufactured housing industry.

The company's $8.6 million in third quarter sales represent a $1.3 million increase from the same period the previous year. Its nine-month sales of $25.6 million are a $400,000 decrease from the previous year.

The revenue drop resulted in a loss for the nine-month period of $127,168, compared to net income of $88,100 from the previous year.


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