Breaking News Headlines: Dreamliner Fire Probe Focuses on Beacon, Boeing Shares Rise

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Breaking News Headlines: Dreamliner Fire Probe Focuses on Beacon, Boeing Shares Rise

Breaking News Headlines: Dreamliner Fire Probe Focuses on Beacon, Boeing Shares Rise
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Breaking News Headlines: Dreamliner Fire Probe Focuses on Beacon, Boeing Shares Rise

Wochit 1:08 mins

British regulators investigating the fire on a Boeing 787 Dreamliner identified the plane's emergency locator beacon as a likely source of the blaze and say it should be switched off, spurring a rally in shares from relieved investors. President Obama has returned to the debate over his new health care act, saying that more than 8.5 million people would be getting rebates this summer from their insurance providers. Insurers who fail to meet a provision in the law must reimburse customers, a process that began in 2012. Honeywell International Inc said it backed a proposal by British authorities to switch off its emergency beacons on Boeing Co's 787s after a fire on a parked plane in London, but said it was premature to jump to conclusions. Honeywell said it would offer assistance to Boeing and the airlines that operate the 787 if needed.

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