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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! WSJ

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. Telegraph

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

Quelle surprise! Exxon Mobil ( XOM) books another profit. Reuters

Procter & Gamble ( PG), on the other hand, sounds pretty downbeat. WSJ

Apple ( AAPL) 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) steps down and eyes the CEO seat at Yahoo! ( YHOO). NYT DealBook


China will still be called on to back assets in the European Financial Stability Facility, which now stands at $1.4 trillion. MarketWatch

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

Analyzing the proposals floating around that would write down mortgage principals. Stone Street Advisors

Investment Strategy

An argument against owning Amazon.com ( AMZN). Crossing Wall Street

Homebuilders 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. FT

Odds and Ends

Ruth Madoff says she and husband Bernie Madoff attempted suicide on Christmas Eve 2008. CBS

The financial media likes nothing more than a spat between two financial media people bickering on the Internet. Reuters

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. YouTube

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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