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Learning to embrace the informal economy

Slum, squatter, informal economy: For many, these words summon images of squalid cityscapes, grinding poverty and criminal activity. And when economists and politicians talk about global development, they often insinuate that the informal economy is an unruly obstacle to be removed or at least tamed. Perhaps most damning of all is the tendency to link […]

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Signet to buy Zale for $1.4 billion

Signet, which runs the Jared brand of jewelry stores, is buying its discount rival Zale. NEW YORK (CNNMoney) Signet Jewelers has signed a $1.4 billion deal to buy jewelry retailer Zale, the companies said Wednesday. Shares surged 12% for Signet (SIG)in premarket trading, while Zale (ZLC) shares soared 40%. Signet, which has 1,400 stores in […]

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Producer prices rise a slight 0.2%

WASHINGTON — The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas. Overall, inflation remains mild. The Labor Department said Wednesday that the producer price index, which tracks prices before they reach consumers, rose 0.2% in January. That followed a 0.1% […]

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