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Reuters reports that Brian Monahan, who has been running the marketing side of Walmart's online business, is leaving the retailer to return to NewCo, a startup he helped launch in 2012. The story says that "NewCo holds its conferences inside the offices of start-ups in various cities around the world, attempting to offer something different than traditional business seminars and introduce up-and-coming companies to investors and entrepreneurs."

• The Seattle Times reports that Amazon has upgraded the titles of two executives who have running its biggest businesses.

Jeff Wilke, senior vice president of Amazon’s consumer business (which includes its enormous online store and all that’s associated with it), will now be CEO of Worldwide Consumer.

Andy Jassy, senior vice president of the tech giant’s cloud computing unit, is now officially CEO of Amazon Web Services.

The company says that this is not a reorganization but rather "a recognition of the roles they’ve played for a while."

Jeff Bezos remains CEO of the entire company.
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