Photo taken from Boeing's India website.

India orders four maritime spy planes from Boeing

India signed a contract on Wednesday to buy four P-8I maritime spy planes from Boeing Co for about $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean.

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Japan stimulus lifts Asia shares, Fed awaited

NEW YORK The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets pared early gains as investors awaited the end of two-day meeting of Federal Reserve policymakers.

Oil down 3 percent after surprise U.S. crude, gasoline builds

NEW YORK Oil prices tumbled as much 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks.

Ice Bucket Challenge credited with ALS breakthrough

The Ice Bucket Challenge that went viral two years ago, raising hundreds of millions of dollars, has helped identify a new gene behind the neurodegenerative disease ALS, or Lou Gehrig's disease, researchers say.



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