November 18, 2003

Michelin will buy 14.9 percent stake in India's Apollo Tires for about $28 million (S)

Committees for Lower Manhattan Development Corporation develop parameters that will help determine winning design of World Trade Center memorial, including five key principles of remembrance; photo (M)

North Carolina's Treas Richard H Moore will insist that mutual funds and others handling state's $58 billion in retirement money provide better disclosure of fees and place limits on trading by their employees; is leading push by state officials to impose ethical guidelines on investment banks; among companies that will be receiving guidelines from Moore are Fidelity Investments, Putnam, T Rowe Price, Vanguard, Federated, Oppenheimer, Van Kampen and American Funds (M)

St Paul Companies acquires Travelers Property Casualty Corp in $16 billion stock swap; combination will result in giant company called St Paul Travelers Companies, which will rank second in commercial insurance to American International Group and will be among top companies in home and auto insurance; St Paul's chief executive Jay S Fishman and Travelers' chief executive Robert I Lipp comment; chart; photos (M)

John A Muhammad is convicted of murdering man in Virginia last fall as part of plot to terrorize Washington, DC, and its suburbs; jury deliberates for seven hours; decides Muhammad directed 23-day shooting spree during which 10 people in Washington area were killed; Muhammad continues to maintain stone-faced pose, but several victims' relatives burst into sobs; trial moves into penalty phase, when jurors must decide whether to sentence Muhammad to death by injection or life in prison without parole; Lee Malvo, Muhammad's alleged accomplice, is on trial in Chesapeake on charges that he participated in killings; photo (M)