Consultancy firm RealtyTrac has reported that the number of U. S. properties likely to undergo foreclosure actions, have surged by 16% in the first quarter of this year in contrast with the previous year's records.
RealtyTrac's Chief Executive James J. Saccacio suggested that the U. S. real estate owned by lenders, at present, is at the topmost level.
The number of people reporting their joblessness in the US has surged last week, counteracting the forecast of a dip. However, the Labor Department officials have claimed that the increase in the joblessness records has resulted due to technical factors and not due to the rising number of suspensions.
Telecom equipment provider ZTE is likely to send 250 Chinese employees back as it is obliged to recruit Indian employees in all of its operations in India over the next 3 years.
The move has taken place in the wake of the release of the Government's directive, last month, which expects all the foreign telecom equipment companies in India to employ only Indian engineers.