Sony Entertainment CEO exiting for a top role at Snap

Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors' conference at the company's headquarters in TokyoBy Lisa Richwine LOS ANGELES (Reuters) – Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton will give up his current position at Sony's movie and television unit on Feb. 2 but remain as co-CEO for six months to help find a successor, Japanese conglomerate Sony Corp said in a statement on Friday. Lynton was an early investor in the company co-founded by 26-year-old CEO Evan Spiegel, and has served on its board for nearly four years.

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Sony Entertainment CEO exiting for top role at Snap

Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors' conference at the company's headquarters in TokyoBy Lisa Richwine LOS ANGELES (Reuters) – Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton will give up his current role at Sony's movie and television unit on Feb. 2 but remain as co-CEO for six months to help find a successor, Sony Corp said in a statement on Friday. Lynton was an early investor in the company co-founded by Evan Spiegel, who is CEO.

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Sony Entertainment CEO Lynton to step down; to become Snap Inc chairman

Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors' conference at the company's headquarters in Tokyo(Reuters) – Sony Corp said on Friday Michael Lynton would step down as chief executive of its movie and music businesses, Sony Entertainment, effective Feb. 2. Lynton will join as chairman of Snap Inc, the parent of popular messaging app Snapchat. (http://bit.ly/2jG9IWI) Snap – in which Lynton is an early investor – is expected to go public early this year, vying for a $25 billion valuation. Lynton, who has been with Sony for 13 years, will stay on as co-CEO of Sony Entertainment for the next six months. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Maju Samuel)

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Wal-Mart’s leadership expands exec roles in online push

A clown sits inside a bus seen in front of a Wal-Mart store in Mexico City(Reuters) – Wal-Mart Stores Inc on Friday announced a management shuffle that integrates the running of its physical outlets and online operations, and extends broader authority to the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year. It was the second time Wal-Mart has shuffled its e-commerce decks after it acquired Jet.com in August and appointed Marc Lore to run its e-commerce business. In November, Wal-Mart announced a number of management changes and said Jet.com co-founder Nate Faust would lead fulfillment operations for both Jet.com and Wal-Mart.com.

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Wal-Mart expands exec roles in online push: memo

A clown sits inside a bus seen in front of a Wal-Mart store in Mexico City(Reuters) – Wal-Mart Stores Inc expanded the roles of a number of executives to handle responsibilities for both its brick-and-mortar stores and online operations, according to an internal memo seen by Reuters. Jeremy King, who was the chief technology officer of global ecommerce for Wal-Mart Stores, will oversee the technology teams for both its brick and mortar retail stores and its ecommerce business, which includes Walmart.com and Jet.com, the memo said. Tony Rogers, the chief marketing officer of Wal-Mart in the United States, will now also oversee online marketing efforts as the company shifts its focus to building its websites and ecommerce offerings, the memo from Marc Lore, chief executive of Wal-Mart's U.S. e-commerce business, said on Friday.

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No U.S. charges for South Carolina ex-deputy seen throwing student

The department said that while it looked at whether former school resource officer Benjamin Fields used unreasonable force, there was no evidence to indicate that he willfully deprived the student of her civil rights. The video of the arrest by the white officer of the black student in October 2015 at Spring Valley High School in Columbia raised questions of possible racial bias and reignited concerns that the proliferation of police in U.S. schools could criminalize behavior once handled more quietly by school officials. “This decision is limited strictly to an application of the high legal standard required to prosecute the case under the federal civil rights statute,” the department said in a statement.
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Startup investors fret over risks of mass data collection

An illustration picture shows a network cable next to a pack of smartphones in BerlinBy Heather Somerville SANTA BARBARA, Calif. (Reuters) – Nearly every technology startup wants the same thing: more data. Whether ordering an Uber, streaming music, shopping online or tracking a health condition, consumers are giving an unprecedented amount of information to technology companies. Collecting big data helps Airbnb, for instance, know whether its customers prefer to travel to the beach or mountains, and Uber knows popular drop-off locations and how to price trips.

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Trump blames ‘both Democrats and Republicans’ for allegations

U.S. President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in Manhattan, New York City(Reuters) – U.S. President-elect Donald Trump on Friday accused his political opponents, "both Democrats and Republicans," for putting together a dossier of unverified claims linking him to Russia and said the document was probably released by intelligence agencies. "Totally made up facts by sleazebag political operatives, both Democrats and Republicans – FAKE NEWS! Russia says nothing exists," Trump said in a series of posts on Twitter. On Wednesday, U.S. spy chief James Clapper said that media leaks of the material had not come from U.S. intelligence agencies and that the agencies had not judged whether the information was reliable.

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Louisiana man pleads guilty to threatening shooting at D.C. pizzeria

Yusif Jones, 52, faces five years in prison after he pleaded guilty to one count of interstate threatening communications in Louisiana federal court when he will be sentenced on April 12, the office of United States Attorney Stephanie Finley said in a statement. Jones was accused of calling Besta Pizza on Dec. 7 and threatened to “shoot everyone in the place” in order to “save the kids.” The call was traced back to Jones in Shreveport and he was arrested, the statement said. The call was placed three days after Edgar Maddison Welch took a rifle into Comet Ping Pong restaurant down the street from Besta Pizza “to self-investigate” a fake news report known as “Pizza Gate” that it was operating a child abuse ring, police said.
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