BOSTON ( TheStreet) -- The decision on rates by the European Central Bank ahead of the emergency European Union summit leads your quick fix of company, market, economic and investing news for Thursday, Dec. 8.

Thursday's 5 Biggest Stories

Listen, Mario, the ECB rate cut is nice and all. But tell us about more bond purchases, man! MarketWatch

Meanwhile, all eyes are on Brussels as the emergency European Union summit on the debt crisis begins. LA Times

The outlook for a resolution can't be too positive if European central banks are prepping for a euro breakup. WSJ

Jon Corzine should be scared. If we've learned anything, testifying before Congress ruins everyone. Just ask Lloyd Blankfein and Vikram Pandit. Washington Post

Your Mildly Positive News Alert: French banks' capital shortfall shrank from the gaps reported in October. Bloomberg

Quote of the Day

"I simply do not know where the money is ... There were an extraordinary number of transactions during MF Global's last few days," former MF Global CEO Jon Corzine will tell the House Agriculture Committee, according to prepared remarks. WSJ

Company News

Costco Wholesale ( COST) is also seeing costs rise. Bloomberg

How serious is Apple ( AAPL) about television? The new iMac refresh could include TV functionality. Forbes

McDonald's ( MCD) comp store sales for November crush it around the world. MarketWatch

Local banks are on high alert after a letter bomb was found at Deutsche Bank ( DB) in Germany. Fox News


I don't want to alarm you, but the market is testing the same levels it broke through after the Lehman Brothers collapse. Market Anthropology

Everyone is so caught up in the euro crisis that the U.K. feels a little left out. After all, they'll sink along with the eurozone countries. NYT

Nearly 40,000 full-time jobs in Australia were lost last month as the unemployment rate rose to 5.3%. Canberra Times

Investment Strategy

Bank of America ( BAC) shares have been on a tear lately. Here's how they could get back to $7. Slope of Hope

How the euro debt crisis has created plenty of opportunity in emerging markets stocks. Pragmatic Capitalism

It's the most wonderful time of the year ... for small-cap stocks! Stock Traders' Almanac

Odds and Ends

So much for conviction: An Occupy Wall Street protestor now has a job on Wall Street. CNN

"Europe," "Occupy," and "Merkozy" lead a completely arbitrary list of top finance terms in 2011. Reformed Broker

All of this repeated talk of Europe has my favorite U.K. band on my mind. Your Thursday morning video comes from The Smiths. YouTube

-- Written by Robert Holmes in Boston.

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