Today in business: 5 things you need to know

The FAA launches a review of Boeing's Dreamliner, the U.S. trade gap widens unexpectedly, and more in our roundup of the business stories that are making news and driving opinion

A Boeing 787 Dreamliner takes off in Los Angeles.
(Image credit: David McNew/Getty Images)

1. FAA LOOKS INTO BOEING'S TROUBLED NEW DREAMLINER

The Federal Aviation Administration announced Friday that it is launching a comprehensive review of Boeing's new 787 Dreamliner after a string of problems. In one case this week, a fire broke out aboard one of the jumbo jets as it sat empty. There were two fresh incidents in Japan — a cracked cockpit in one Dreamliner, and an oil leak in another. The review will focus on the aircraft's electrical components, but will also cover all aspects of its design and production. The Dreamliner is a new aircraft, and many newly introduced models have suffered glitches in the past. Despite the investigation, FAA Administrator Michael Huerta assured travelers his agency believes "this is a safe aircraft." [NBC News]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.