Wachovia stricken from tournament title

Wells Fargo & Co. will remove Wachovia from the title of the PGA Tour event it sponsors, the heretofore Wachovia Championship, citing a concern over giving "mixed signals about our priorities," Bloomberg is reporting.

Wells Fargo, however, will fulfill its sponsorship obligation, which runs through 2014. The tournament will be called the Quail Hollow Championship.

Wachovia Corp. was purchased by Wells Fargo in December.

-- John Strege