CEO SEARCH: Sir Win Bischoff will serve as interim chief executive under the former US Treasury secretary as the banking firm seeks to regain its footing after a bad Q3
Citigroup Inc chairman and chief executive Charles Prince, beset by the company's billions of dollars in losses from investing in bad debt, has retired and is being replaced as chairman by former US Treasury Secretary Robert Rubin, the company said.

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Citigroup Inc, the largest US bank, rose on its first day of trading in Tokyo as chief executive officer Charles Prince resigned to take responsibility for losses stemming from US mortgage defaults.

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PRESSURES: Concern about stability in the Middle East may have been lowered but the political crisis in Pakistan could gain importance
Oil eased in Asian trade yesterday from closing record highs ahead of a crucial US-Turkey meeting aimed at resolving a crisis over Kurdish rebels in northern Iraq, dealers said.

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A robotic car built by private university students backed by General Motors was crowned champion on Sunday of a race sponsored by US military officials intent on putting the technology to work on battlefields by 2015.

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