March 2004
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p52
Trade Publication
This article presents developments related to investment banking in retail sector. Wal-Mort Stores Inc. officially launched its online music store last week and retained the same $0.88-per-song rate that it had offered during a three-month test, thus selling digital music downloads for 11% less than major competitors such as Apple Computer Inc.'s iTunes online music store and Roxio Inc.'s Napster. Dutch retailer Ahold is trying to prevent the extradition of its former top managers to the U.S. Former Ahold CEO Cees van der Hoeven and finance director Michiel Meurs, among others, could face criminal charges due to alleged profit overstatements.


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