BOSTON (TheStreet) -- Europe's approval of a plan to help stem the debt crisis leads your quick fix of company, market, economic and investing news for Thursday, Oct. 27.

Thursday's 5 Biggest Stories

Smoke 'em if you got 'em: European leaders managed to seal the deal for what will be a

big loss on Greek debt


NY Times

The four big takeaways from the

EU summit

. Here's a hint: More uncertainty in the markets!


Europe's math may be a little fuzzy here, as the

Greek 50% haircut may be only 28%


Zero Hedge

Part of the agreement means that the

sovereign credit default swaps aren't triggered

. Some investors are outraged.


There may be relief in the Eurozone, but there are

so many bailout questions

left to answer.

FT Alphaville

Quote of the Day

"This seems to be our fate: Our bankers took reckless risks, but our regulators take none," ProPublica's Jesse Eisinger writes of the

Securities and Exchange Commission's

woeful fight against securities fraud.

NYT DealBook

Company News



Exxon Mobil

(XOM) - Get Report

books another profit.


Procter & Gamble

(PG) - Get Report

, on the other hand, sounds pretty downbeat.



(AAPL) - Get Report

filed its annual report with the SEC and there are a few interesting tidbits, including a pickup in hiring and R&D spending.

Mac Rumors

The president of

Akamai Technologies

(AKAM) - Get Report

steps down and eyes the CEO seat at




NYT DealBook



will still be called on to back assets in the

European Financial Stability Facility

, which now stands at $1.4 trillion.



Federal Reserve

said it sees significant downside risks, but has been mum on what those risks are.


Analyzing the proposals floating around that would

write down mortgage principals


Stone Street Advisors

Investment Strategy

An argument against owning

(AMZN) - Get Report


Crossing Wall Street


are looking a little overbought.

Bespoke Investment

Steven Cohen's hedge fund,

SAC Capital

, has quietly stopped investing in other funds started by former employees as it tries to fix its reputation.


Odds and Ends

Ruth Madoff says she and husband

Bernie Madoff attempted suicide

on Christmas Eve 2008.


The financial media likes nothing more than a spat between two

financial media people bickering on the Internet



In honor of former Red Sox player Manny Ramirez, I give you

Silvio being Silvio


Business Insider

It's raining in Boston. It appears

Creedence Clearwater Revival

could be revived. Here's a video that ties the two together.


-- Written by Robert Holmes in Boston


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Robert Holmes


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