Obama touts overtime pay proposal as ‘fair’ on Twitter

WASHINGTON (Reuters) – President Barack Obama touted his new proposal to increase the number of workers eligible for overtime pay on Monday, saying on Twitter “a hard day's work deserves a fair day's pay.” The Department of Labor proposal would make nearly 5 million more workers eligible for overtime pay, a move that could face legal challenges. (Reporting By Julia Edwards; Editing by Bill Trott)

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Amazon launches one-hour delivery service in London

(Reuters) – Amazon.com Inc launched its one-hour order delivery service, Prime Now, for some areas of London on Tuesday, about six months after introducing the service in the United States. Amazon Prime members can have orders worth 20 pounds ($31.43) or more delivered in one hour for a fee of 6.99 pounds, the company said on its UK website on Tuesday.

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Obama tweets, and a million follow: ‘It’s Barack. Really!’

By Roberta Rampton WASHINGTON (Reuters) – President Barack Obama sent his first tweet from his very own account on Twitter on Monday, quickly amassing a million followers in five hours, the latest of many White House efforts to amplify his message with social media. Really! Six years in, they're finally giving me my own account,” Obama tweeted from his verified @POTUS account.

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Property management software maker AppFolio files for IPO

Morgan Stanley, Credit Suisse, Pacific Crest Securities and William Blair are underwriters to the IPO. The California-based company, whose investors include BV Capital and IGSB, provides software to small and medium-sized property managers and also offers legal software for small law firms under the brand “MyCase”.

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Risk modelers look to clarify cyber risk costs

By Luciana Lopez NEW YORK (Reuters) – Even as the Sony Corp cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get.

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