Business

Bank of America Corp said in its annual regulatory filing yesterday that it has increased its litigation expenses to 20%, and part of the reason would be new foreign government and federal agency probes on the bank's mortgage and foreign-exchange businesses.

In its filing with the US Court of Appeals in New York yesterday, Apple Inc claimed that it has no knowledge that the publishers mentioned in the anti-trust lawsuit lodged against them have conspired to manipulate e-book prices.

South Korean airline Asiana Airlines has blamed the lack of experienced staff members during a holiday weekend to contact all families of the 291 passengers of Flight 214 to provide information about the airplane crash at the San Francisco International airport last year.