Daily Investor Briefing: S&P 500 marks 2012's worst week as...

Click to View in Browser 04/5/2012 S&P 500 marks 2012's worst week as bulls waver NEW YORK (Reuters) - Stocks mostly traded sideways on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability. Jobless claims fall to lowest since 2008 WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits dropped to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market. March sales brighten retailers' profit prospects (Reuters) - Summery weather and an earlier Easter prompted shoppers to buy bright-colored clothing, with many boosting retailers' profits by paying closer to full price than in recent years. Congress inaction risks 2013 tax "disaster": IRS chief WASHINGTON (Reuters) - The commissioner of the U.S. tax-collecting Internal Revenue Service warned on Thursday of "a real disaster" for taxpayers next year should Congress miss a December 31 deadline to decide on billions in major tax provisions. Facebook picks Nasdaq for marquee listing: source SAN FRANCISCO (Reuters) - Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday. Company eyes alumni to boost student-loan bonds April 5 (IFR) - San Francisco-based start-up lender SoFi has a novel idea to revive the moribund market in student-loan bonds -- get alumni to invest in their schools. Analysis: Too slowly, euro zone laggards start to shape up LONDON (Reuters) - It may be cold comfort for countries on the euro zone's southern periphery mired in recession, but they are making clear strides by some measures towards putting their economies on a sounder long-term footing. Coke withdraws from group that backs Stand Your Ground law ORLANDO, Fla./NEW YORK (Reuters) - Coca-Cola Co is dropping its membership in a conservative national advocacy group that supports "Stand Your Ground" laws such as the one being used as a defense in the Florida killing of an unarmed black teenager, Trayvon Martin. Viacom wins reversal in landmark YouTube case (Reuters) - A U.S. appeals court dealt Google Inc a major defeat by reviving lawsuits by Viacom Inc, the English Premier League and various other media companies over the use of copyrighted videos on Google's YouTube service without permission. After Jobs Act, Case turns focus to immigration WASHINGTON (Reuters) - As he gathers with other movers and shakers at the White House on Thursday afternoon to witness President Barack Obama's signing of the Jobs Act, AOL Inc co-founder Steve Case is already thinking ahead to the next cause he can help champion behind the scenes: immigration reform. Related Video U.S. Day Ahead: Solid jobs growth means no Fed QE for now Rolls-Royce debuts Phantom II in U.S. Related News Why I want to be a landlord For financial stress ills, try education cure A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend