Also

* Citigroup Inc. named Robert Willumstad president of the biggest financial services company, making him the leading candidate to succeed Sanford Weill, 68, as chief executive.

* The U.S. Air Force agreed to order 40 Lockheed Martin Corp. C-130J military transport planes valued at as much as $3 billion, a sale that could make a profit for the program if the spending is approved by Congress for 2003.

* A U.S. Bankruptcy Court judge approved the creation of a committee of retirees to look into whether Polaroid Corp. acted properly by terminating benefits.

* Alcoa Inc., the biggest aluminum maker, named Mexico’s former President Ernesto Zedillo, 50, to serve on its board.

* European aircraft maker Airbus said that a prototype A-318 jetliner successfully flew a test run for the first time but that the plane’s engines do not yet meet the required performance goals.

* Cargill Inc. of Wayzata, Minn., the largest U.S. agricultural company, said profit in its fiscal second quarter rose 34% to $234 million. The privately held company did not release sales figures for the quarter.