A federal judge has blocked the proposed merger of Tapestry-owned Coach and Capri parent Michael Kors.Microsoft CEO Satya Nadella asked for a reduction in the cash incentive portion of his pay but still saw his total compensation rise sharply.S&P 500
staged a comeback Thursday, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavydidn't fare as well, losing 140.59 points, or 0.33%, for its first four-day losing streak since June. Treasury yields moved lower, easing back slightly after hitting three-month highs on Wednesday. Follow, which would have united two of America's biggest luxury houses, home to names such as Kate Spade, Versace and Jimmy Choo.
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