Financial news on July 06, 2014

Business and Financial news
Free Video Games Say Pay Up or Wait, Testing Players’ Patience

Regulators around the world are examining whether some free mobile games mislead consumers about true costs of playing them and whether vulnerable players, such as children, may be duped into spending money; so-called freemium model, in which games are free but players can pay small fees, is receiving pushback from both regulators and players and game developers, who worry that model is ruining culture of gaming. Read more..

By NICK WINGFIELD - The New York Times

Immigrants From Latin America and Africa Squeezed as Banks Curtail International Money Transfers

Under regulatory pressure, many banks are ending or limiting money transfers, most likely meaning higher costs for immigrants sending money home. Read more..

By MICHAEL CORKERY - The New York Times

Lure for Bargain Hunters

Lynn Lempel is stylin’. Read more..

By DEB AMLEN - The New York Times

Reno Rolls the Dice on High-Tech

The Nevada city is looking to shed its casino-town image and become a hub of e-commerce ventures, an Apple data center and a drone testing ground. Read more..

By DIONNE SEARCEY - The New York Times

With Revenue Roaring, Twitter’s Advertising Team Is Untouched by Turmoil

The management team running Twitter’s revenue side, led by Adam Bain, has thrived even as top executives running other parts of the company have resigned or been pushed out. Read more..

By MIKE ISAAC and VINDU GOEL - The New York Times

See what else happened on July 06, 2014