In a year in which oil approached historic highs, Exxon failed to deliver as expected. And its recent decision to cut spending has sent shivers down investors' spines.
By Cyrus Sanati
FORTUNE -- If it wasn't clear before, it certainly is now: Big Oil has got some big problems.
In a year in which oil remained near historic highs at around $100 a barrel, ExxonMobil (XOM), the all-around best-in-class energy company, said MOREMar 6, 2014 3:48 PM ET
As consumers wait for new loans, corporations are seeing a flood of new cash. It seems like good news that lending is up somewhere, unless, of course, the news is too good.
FORTUNE -- Some are worried that, at least in one part of the lending sector, we may now have the opposite of a crunch. Call it a credit stretch.
In the past three years, banks have upped their lending to MOREStephen Gandel, senior editor - Mar 6, 2014 2:13 PM ET
Sean Parker will not make new investments for Founders Fund, but will maintain board seats like Spotify.
FORTUNE -- Sean Parker is no longer making new investments on behalf of Founders Fund, a San Francisco-based venture capital firm that yesterday announced that it has raised $1 billion for its sixth fund.
Parker originally joined Founders Fund in 2006, after stepping down as president of Facebook (FB) -- a company that was originally MOREDan Primack - Mar 6, 2014 1:50 PM ET
Newsweek claims to have found the creator of Bitcoin. Did it also discover something else?
FORTUNE -- For years, a favorite hobby of Bitcoin enthusiasts has been trying to discern the "real" identity of the crypo-currency's secretive creator Satoshi Nakamoto. Today, Newsweek tried to put the mystery to rest by reporting that "Satoshi Nakamoto" is really... well, a 64 year-old Japanese-American named Satoshi Nakamoto. He apparently lives just outside of Los Angeles, and MOREDan Primack - Mar 6, 2014 12:15 PM ET
Those who have lost bitcoins or cash with Mt. Gox have a long wait and a lot of hurdles between them and restitution. Here's what you need to know if Mark Karpeles smashed your piggybank.
By David Z. Morris
FORTUNE -- On Friday, Feb. 28, the bitcoin exchange Mt. Gox filed for bankruptcy under Japan's Civil Rehabilitation (Minji Saisei) code, revealing that it was insolvent and seeking protection from creditors. On MOREMar 6, 2014 12:09 PM ET
A slew of discouraging economic data doesn't bode well for February jobs numbers, but there's still hope for broader recovery.
FORTUNE -- This winter has brought subfreezing temperatures and several feet of snow to much of the country, and the weather has done more than mess with your morning commute.
Cold weather also has a tendency to put a temporary damper on economic activity, as businesses often shut down during heavy snowstorms MOREChristopher Matthews - Mar 6, 2014 11:20 AM ET
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OnDeck, a New York-based platform for lending to "Main Street businesses," has raised $77 million in growth equity funding. Tiger Global Management led the round, and was joined by return backers Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital, Industry Ventures and Peter Thiel. The company has now raised a total of $180 million MOREDan Primack - Mar 6, 2014 11:17 AM ET
On the ground in Kiev, Ukrainians wait in uneasy limbo as European leaders discuss rescue packages.
By Vivienne Walt
FORTUNE -- As Western officials try to salvage Ukraine's near-bankrupt economy they might want to visit the country's Ministry of Agrarian and Food Policy to take stock of how difficult their task might be.
Inside the Soviet-era building off Kiev's Independence Square on Wednesday night, the lobby was piled high with grimy mattresses, MOREMar 6, 2014 9:38 AM ET
The discount retailer is forgetting the basic principle of business that those who earn more also spend more.
By Sanjay Sanghoee
FORTUNE -- As the debate over raising the federal minimum wage goes on, Wal-Mart (WMT), the nation's largest employer, has backed away from news reports that it would support higher pay. The discount retailer recently said it's staying "neutral," which is really just a veiled way of opposing any increase. It would be easy to dismiss this MOREMar 6, 2014 5:00 AM ET
Big IPO-like spikes, clients being favored over others, and the potential for unfair Wall Street profits. This certainly sounds like another manipulated market.
FORTUNE -- Wall Street may have a new debt problem.
Late last week, Goldman Sachs (GS) disclosed that regulators are probing how it allocates and trades bonds. Citigroup (C) is reportedly in regulators' crosshairs as well, along with the rest of Wall Street. At issue is how banks decide MOREStephen Gandel, senior editor - Mar 6, 2014 5:00 AM ET
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