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US Senate stalls immigration bill
Washington:
President George W. Bush received a major legislative setback after the senate stalled a White House backed revamp immigration bill on Thursday.

The Senate voted 45-50, 15 short of the 60 votes needed to advance significant legislation in the 100-member body toward a final vote.

As a result, the bill was set aside and the Democratic-led Senate moved on to other legislation. Any delay diminishes chances that an immigration overhaul, already an issue in advance of the November 2008 presidential election, can be enacted before Bush leaves office.

The bill ties tough border security and workplace enforcement measures to a temporary worker program and a plan to legalize most of the 12 million illegal immigrants in the United States. It also would create a new merit-based system for future immigration.
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Dow Jones gets more bidders
New York:
News Corp.'s $5 billion bid for Wall Street Journal publisher Dow Jones & Co Inc, has two rivals in an Internet entrepreneur and a publisher.

Chief executive Brian Tierney the head of Philadelphia Media Holdings that owns Philadelphia's leading daily newspapers said he would be interested in mounting a counter bid against News Corp and its chairman and chief executive, Rupert Murdoch. He also indicated he is willing to pay at least as much as Murdoch is offering.

Tierney said he is interested in bidding with partners, but did not identify any.
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domain-B : Indian business : News Review : 8 June 2007 : international business