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.

Alibaba to Raise $4.5 Billion Through Convertible Bonds to Fund Buybacks 

The Chinese company plans to raise $4.5 billion through a convertible-bond issue to fund share repurchases, following a similar move by rival e-commerce giant

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.

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.

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.

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.

Justice Department Sues to Break Up Live Nation-Ticketmaster 

Antitrust enforcers allege the nation's largest concert promotion and ticketing company abused monopoly and drove up prices for tickets.

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.

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.

Morgan Stanley's Gorman Will Step Down as Chair This Year 

James Gorman had retained his chairman role when he retired as CEO at the end of 2023.

(END) Dow Jones Newswires

05-24-24 0315ET