The Group of Eight Senators is scheduled to hit the floor in the Senate in June. In the House, a bipartisan group this week agreed on a large bill in principle that will be outlined for all sometime in June.

However, there are many major hurdles to pass before the final immigration reform reaches the desk of President Barack Obama. The biggest hurdle of them all is the House, which is controlled by the GOP.

At this point, the bill in the Senate has a zero chance of reaching the floor of the House. Senators key in the making of the Senate bill John McCain a Republican from Arizona and Chuck Schumer a Democrat from New York, both stressed their bill would have to have close to 70 votes in the Senate to put pressure on the House. However, GOP negotiators in the House have flatly said the vote in the Senate does not matter at all, regardless of what the margin is.

Republican Rep. John Carter from Texas said he does not think the legislation will pass in the House. He said he thought the bill the House was finalizing would have a better chance of being approved in the House, than the Senate legislation would. He called the Senate bill too broad and full of holes.

The GOP says the path to citizenship in the Senate bill is too short, the guest worker program is too generous for labor unions and the security measures at the border are not strong enough.

The president’s aides ordered the White House staff not to be sidetracked by the hearings on Capitol Hill. White House chief of staff Denis R. McDonough expects them to spend less than 10 percent of their time on the controversies.

McDonough laid out a plan to focus on overhauling the immigration laws, implementing the health care law, and reaching a budget agreement. The White House also wants to keep student loan rates low when the present ones expire in summer. The administration’s plan to get through the controversies is to highlight the policy proposals and contrast them with the political gamesmanship by the Republicans.

White House officials know they can get bipartisan support required to pass the proposals in Congress. They also want to focus on narrowing President Obama’s policies that can be carried out on his own. Last Friday, the president flew to Baltimore to announce the faster process for federal approval of infrastructure projects.

Republicans criticized President Obama’s executive actions as big government overreach. They are likely to use the recent controversies to further their case as the White House goes into thorny issues, such as greenhouse gas emissions.

While President Obama was in Baltimore, his opponents in the House questioned acting commissioner of the Internal Revenue Service and its inspector general as they tried to determine whether other officials in the administration knew that conservative groups were scrutinized more than other groups.

The White House made several nominations in the previous week after several positions were unfilled at the State Department. The administration also continued to lobby to get the approval of a nominee at the District of Columbia Court of Appeals.

Wall Street improvements and the increase in the housing market in California will add close to $4.4 billion in cash for the state through the next budget, instead of the projected amount by Brown of just $1.2 billion, said Mac Taylor, a Legislative Analyst who is nonpartisan, in a report on Friday.

In addition, the changes in federal taxes, which reduced the take home pay for Californians this year, will cost less for the state than Brown suggested, said the report.

The latest budget proposal by Brown released this past Tuesday seemed pessimistic, said the report. A great deal of the extra cash, received from tax receipts, would go to schools under the education funding law in California.

However, the new figures in the report could make it difficult for Brown to keep his lid on spending in Sacramento, where he disagrees with lawmakers on the amount the economy in California is improving and how any extra, if there is extra, money should be allocated.

Legislators in the Democratic Party quickly embraced the higher numbers. Bob Blumenfield, the Budget Chairman in the Assembly and a Democrat said that the outlook of the Governor contradicts a consensus that is growing among economic forecasters that echoes the data in Friday’s report.

Many legislators want to restore the aid that was cut to the needy in order to balance the state’s budget over the last few years.

Shares of Netegrity (NASDAQ: NETE) traded up 5.75% during mid-day trading on Friday, hitting $5.70. Netegrity has a 52 week low of $0.06 and a 52 week high of $12.25. The stock’s 50-day moving average is currently $2.68. The company’s market cap is $161.3 million.

Inland Real Estate (NYSE: IRC) traded up 1.48% on Friday, hitting $11.67. Inland Real Estate has a 52-week low of $6.05 and a 52-week high of $11.71. The stock’s 50-day moving average is currently $10.99. The company has a market cap of $1.050 billion and a price-to-earnings ratio of 62.50.

Inland Real Estate (NYSE: IRC) last announced its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.22. The company had revenue of $40.90 million for the quarter, compared to the consensus estimate of $38.80 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Inland Real Estate has set its FY13 guidance at $0.88-0.92 EPS. On average, analysts predict that Inland Real Estate will post $0.91 earnings per share for the current fiscal year.

Inland Real Estate Corporation is a real estate investment trust (NYSE: IRC) that acquires, owns, operates and develops (directly or through consolidated entities) open-air neighborhood, community, power shopping centers and single-tenant retail properties located primarily in upper Midwest markets.

The attorney general has been on the hot seat after the discovery that they Justice Department secretly recorded the conversations of some reporters from the Associated Press. The Obama administration has prosecuted twice as much whistle blower as every other president in nation’s history combined.

President Obama declined to make comments about the Justice Department’s seizure of Associated Press phone records, which was part of an investigation into media leaks of a Yemen-based plan to bomb an American airliner. CIA agents were put at risk after the news agency ran a story about it last year.

The president said that the leaks were connected to national security and could place people at risk. He continued by saying he would make no apologies and he doesn’t think the American people expect him not to be concerned about the data that might compromise missions or get them killed.

President Obama said he support the revival of a media shield law that would balance the need to protect press freedoms with national security concerns. The president said that the case renewed interest on how the government can achieve that balance. Senator Chuck Schumer of New York announced that he would reintroduce a measure to provide legal protections to journalists who gather news.

The Associated Press and several other media organizations filed protests after the Department of Justice revealed it got phone records of three AP bureaus with regards to a probe of an administration leak after the failed bomb plot in Yemen in 2012. They want President Obama to fire Attorney General Holder.

Celgene (NASDAQ: CELG) traded up 1.16% on Friday, hitting $124.91. Celgene has a 52-week low of $58.53 and a 52-week high of $128.52. The stock’s 50-day moving average is currently $116.0. The company has a market cap of $52.103 billion and a price-to-earnings ratio of 37.57.

Celgene (NASDAQ: CELG) last announced its earnings results on Thursday, April 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Celgene has set its FY13 guidance at $5.55-5.65 EPS. On average, analysts predict that Celgene will post $5.75 earnings per share for the current fiscal year.

CELG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Celgene in a research note to investors on Wednesday. They now have a $137.00 price target on the stock. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of Celgene in a research note to investors on Wednesday. They now have a $148.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Celgene in a research note to investors on Tuesday, May 7th. They now have a $132.00 price target on the stock.

Seven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $126.93.

Celgene Corporation is a global biopharmaceutical company engaged in the discovery, development and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.

Cisco Systems (NASDAQ: CSCO) traded up 1.48% on Friday, hitting $24.24. Cisco Systems has a 52-week low of $14.96 and a 52-week high of $21.98. The stock’s 50-day moving average is currently $21.. The company has a market cap of $129.2 billion and a price-to-earnings ratio of 13.74.

Cisco Systems (NASDAQ: CSCO) last announced its earnings results on Wednesday, May 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $12.18 billion. During the same quarter last year, the company posted $0.48 earnings per share. Cisco Systems’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Cisco Systems will post $1.99 EPS for the current fiscal year.

CSCO has been the subject of a number of other recent research reports. Analysts at Northland Securities raised their price target on shares of Cisco Systems from $25.50 to $26.00 in a research note to investors on Friday. Separately, analysts at Raymond James raised their price target on shares of Cisco Systems from $25.00 to $26.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Cisco Systems from $25.00 to $29.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.

One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems has an average rating of “Buy” and an average target price of $24.62.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (NASDAQ: CSCO)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.

Shares of First Industrial Realty Trust (NYSE: FR) traded up 0.32% during mid-day trading on Friday, hitting $18.64. First Industrial Realty Trust has a one year low of $11.05 and a one year high of $18.78. The stock’s 50-day moving average is currently $17.44. The company’s market cap is $2.004 billion.

First Industrial Realty Trust (NYSE: FR) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $84.33 million for the quarter, compared to the consensus estimate of $63.43 million. First Industrial Realty Trust has set its FY13 guidance at $1.02-1.12 EPS. On average, analysts predict that First Industrial Realty Trust will post $1.03 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on FR. Analysts at MLV Capital initiated coverage on shares of First Industrial Realty Trust in a research note to investors on Tuesday, April 23rd. They set a “buy” rating and a $20.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of First Industrial Realty Trust from $16.00 to $18.00 in a research note to investors on Wednesday, March 13th. They now have an “outperform” rating on the stock.

Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.00.

The company also recently announced a quarterly dividend, which is scheduled for Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.09 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 26th.

First Industrial Realty Trust, Inc. is a real estate investment trust (NYSE: FR).

POW has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Power Corporation of Canada from C$30.00 to C$31.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Power Corporation of Canada from C$27.00 to C$28.00 in a research note to investors on Thursday, March 14th. Finally, analysts at CIBC raised their price target on shares of Power Corporation of Canada from C$28.50 to C$29.50 in a research note to investors on Thursday, March 14th.

Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$29.25.

Shares of Power Corporation of Canada (TSE: POW) traded up 0.67% during mid-day trading on Friday, hitting $28.37. Power Corporation of Canada has a one year low of $21.70 and a one year high of $27.85. The stock’s 50-day moving average is currently $26.6. The company has a market cap of $13.050 billion and a P/E ratio of 15.57.

Power Corporation of Canada (TSE: POW) is a holding company.