Wells Fargo increases return targets

(Reuters) - Wells Fargo & Co on Tuesday increased its goals for returns on assets and shareholder payouts while executives pledged to carefully manage risk throughout the company's sweeping operations. The fourth-largest U.S. bank by assets is aiming for a return on assets of 1.3 to 1.6 percent, depending on the economic and regulatory environment, Chief Financial Officer Tim Sloan said at the beginning of an investor day for analysts in New York. The San Francisco-based bank has emerged from the financial crisis as one of the strongest U.S. ...

Vodafone ups stakes in Indian battle

LONDON/MUMBAI (Reuters) - Vodafone Chief Executive Vittorio Colao ramped up the rhetoric in his fight with the Indian government on Tuesday, accusing the country of deterring foreign investment but warning that he would not walk away. The result, the company said, was that it was now unlikely to float shares in the business this year. "There has been widespread concern in India and in the world about this," Colao said. "It is time for the political leadership of the country to look their bureaucrats in the eye and ask whether this is what they want for their country. ...

Google names new Motorola Mobility CEO

NEW YORK (Reuters) - Google Inc completed its $12.5 billion purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to focus on "fewer, bigger bets." Google, which made the deal to gain access to Motorola's vast trove of technology patents, said on Tuesday that Motorola Chief Executive Sanjay Jha has stepped down and has been succeeded by Dennis Woodside, former president of Google's Americas region. Woodside oversaw planning for the Motorola integration, according to Google. Jha will be retained to help manage a transition period. ...

Google names new Motorola Mobility CEO

NEW YORK (Reuters) - Google Inc completed its $12.5 billion purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to focus on "fewer, bigger bets." Google, which made the deal to gain access to Motorola's vast trove of technology patents, said on Tuesday that Motorola Chief Executive Sanjay Jha has stepped down and has been succeeded by Dennis Woodside, former president of Google's Americas region. Woodside oversaw planning for the Motorola integration, according to Google. Jha will be retained to help manage a transition period. ...