UPDATE 1-U.S. immigration reform advocates vow comeback

(Reuters) - WASHINGTON, June 8 - Backers of a broad U.S.
immigration overhaul on Friday began efforts to revive the
stalled bipartisan package in the U.S. Senate amid partisan
bickering over who is to blame for the bill's failure.




Sen. Edward Kennedy, a Massachusetts Democrat who helped
lead months of painstaking negotiations that produced the
fragile compromise, said: "We are not giving up. We are not
giving in."


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US farm law overhaul may cut crop payment acres

(Reuters) - Next week, an Agriculture subcommittee is scheduled to
draft language for public nutrition programs such as food
stamps and school lunch. Public nutrition is the largest part
of Agriculture Department spending, projected to get $186
billion for fiscal 2008-12, when USDA outlays would total $280
billion.




Highlights of the bill so far:


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Visual Sciences files for $100 million mixed shelf

(Reuters) - Under a shelf registration, a company may sell securities
in one or more separate offerings with the size, price and
terms to be determined at the time of sale.




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GeoEye, Limelight, Quiksilver, Sirva, U.S. Steel: U.S. Equity Movers Final

(Bloomberg) -- The following is a list of companies
whose shares had unusual price changes in U.S. exchanges today.
Stock symbols are in parentheses after company names. Share
prices are as of 4 p.m. New York time.

Auxilium Pharmaceuticals Inc. (AUXL US) rose $1.08, or 7.4
percent, to $15.59. The drugmaker said it would raise $49.9
million by selling about 3.7 million shares for $14.50 a share.


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Restaurant stocks poised for lackluster summer

(Reuters) - The Dow Jones restaurants and bars index , though up 1.6 percent on Friday afternoon, has dropped about 3.3 percent since hitting a lifetime high on May 22 as restaurant companies including Chili's parent Brinker International Inc. , Panera Bread Co. , Outback Steakhouse parent OSI Restaurant Partners Inc. and Applebee's International Inc. reported disappointing May same-store sales.




"The summer doldrums appear to be setting in early this year," Morgan Keegan analyst Bob Derrington said in a note this week. "High gasoline prices remain a drain on consumer spending and restaurant usage."


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Bank of America appeals "shocking" ABN ruling

(Reuters) - In its appeal to the Dutch Supreme Court, the second-largest U.S. bank contended that the Enterprise Chamber, a Dutch commercial court, overstepped its authority in freezing the acquisition so that it could put to a shareholder vote.




"The decision by the Enterprise Chamber is legally incorrect, at least incomprehensible and not supported by the grounds required by law," Charlotte, North Carolina-based Bank of America said in its 24-page appeal.


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Disney ramping up push into games market: CFO

(Reuters) - "We are ramping up our investment in video games ... It is a market where there is real opportunity," Disney's CFO Tom Staggs told journalists during a briefing in London.




Part of the entertainment company's strategy centers on making sure hit products sell strongly across the business, irrespective of whether they start as a film, product or game.


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