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"Today, we are announcing that we are conducting a comprehensive review of the design and production of the Boeing 787," says Transportation Secretary Ray Lahood.
At the heart of the review is the airplaine's electrical system. Earlier this week, a Dreamliner caught fire while parked at Boston's Logan Airport, but while the government is investigating, regulators maintain it is still safe to fly.
"Nothing we have seen would indicate that this airplane is not safe," says FAA Administrator Michael Huerta. "We identify a safety problem, we will take appropriate action."
While the plane is still in the air, this is just the latest setback for Boeing and the Dreamliner. During production and development, the company faced several delays before the jet even got on the runway. Still, the jet is seen as the future of the aviation industry. It is one of the most advanced passenger jets ever produced, using technology ranging from carbon fiber and lithium ion batteries to reduce weight and increase fuel efficiency. Log on to FoxBusiness.com for more.
Friday, January 11 2013, 09:35 PM CST
Miss. chooses new firm to run Woodville prison
May 18, 2013 20:50 GMT
WOODVILLE, Miss. (AP) -- Mississippi officials have picked a new company to run the Wilkinson County Correctional Facility.
Utah-based Management and Training Corp. announced Friday that the Mississippi Department of Corrections has chosen it to run the 1,000-bed prison starting July 1, the Natchez Democrat reports (http://bit.ly/10MvOGv).
Corrections Corporation of America, based in Nashville, Tenn., had run the prison since 1998. MTC says it will keep "the vast majority" of employees.
MTC will get a five-year contract to run the prison with two one-year options. Last year, officials chose MTC to take over East Mississippi Correctional Facility, the Walnut Grove Correctional Facility and the Marshall County Correctional Facility from the GEO Group. MTC won 10-year contracts for each.
CCA still runs the Tallahatchie County Correctional Facility and the Adams County Correctional Center in Mississippi.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.