Intuit warns of fewer TurboTax users who file for free. It says it's not interested in them anyway.

Intuit Inc., the tech company behind TurboTax filing software and the personal-finance site Credit Karma, raised its full-fiscal-year profit and sales outlook on Thursday, following third-quarter results that topped Wall Street's expectations. 


 
Ralph Lauren Taps Justin Picicci as Its Next Chief Financial Officer

Picicci, a company veteran, succeeds Jane Nielsen, who will remain as the company's chief operating officer. 


 
Workday's stock tumbles as 'elevated sales scrutiny' drives outlook cut

Workday moved its full-year margin target higher but cut expectations for subscription revenue. 


 
Alibaba to sell $4.5 billion in convertible debt to fund stock buybacks

Alibaba's stock fell Thursday, after the China-based ecommerce giant said it planned to sell $4.5 billion worth of debt that can be converted into cash for stock. 


 
U.S. Real-Estate Fund Limits Investor Redemptions

Starwood Real Estate Income Trust is tightening its redemption policies for investors as it slows its real-estate asset sales amid depressed prices. 


 
Boeing Says Cash Flow Is Worse Than It Thought

The plane maker expects to burn through billions more in the current quarter and be cash-flow negative for the full year, its finance chief said. 


 
Big Tech Moves More AI Spending Abroad

As Big Tech ramps up spending on artificial intelligence, companies are increasingly looking overseas, investing billions of dollars to build out AI infrastructure. 


 
Gildan Board, CEO Resign After Fund Wins Proxy Fight

Vince Tyra has stepped down as CEO of Gildan Activewear and the Canadian clothing maker's outgoing directors have appointed nominees of Browning West to the board of directors. 


 
Medtronic's stock drops after profit beats again but outlook disappoints

Medtronic has raised its dividend for 47 straight years, with the implied dividend yield more than double that of the S&P 500. 


 
Norfolk Southern Settles Government's Ohio Derailment Probe

Norfolk Southern has agreed to pay hundreds of millions of dollars to resolve the federal government's investigation into the 2023 train derailment in East Palestine, Ohio.


(END) Dow Jones Newswires

05-23-24 2315ET