Richardson withdraws as Obama's commerce pick

CHICAGO (Reuters) - New Mexico Gov. Bill Richardson has withdrawn as President-elect Barack Obama's nominee for commerce secretary, an Obama aide said Sunday.

The aide gave no further details, saying only that a statement was due to be released shortly.

NBC news quoted a statement by Richardson as saying he withdrew due to a pending investigation into a company that has done business with his state.

Richardson said on the NBC news website that he had done nothing wrong but he said the ongoing investigation would have caused a long delay in the confirmation process.

(Reporting by Deborah Charles, Editing by Sandra Maler)