Financial news on July 06, 2014
Business and Financial news
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..
Under regulatory pressure, many banks are ending or limiting money transfers, most likely meaning higher costs for immigrants sending money home. Read more..
Lynn Lempel is stylin’. Read more..
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..
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..