Intuit raises full-year forecast, and says AI is helping 

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.

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.

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.

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.

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.

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

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

Nvidia's Business Is Booming. Here's What Could Slow It Down. 

After tripling sales for three quarters, Nvidia faces new competition and a shifting AI market.

Lenovo's Profit More Than Doubled on Higher Computer Sales 

The world's largest PC maker said quarterly profit more than doubled, though it noted that demand weakened from the preceding quarter.

(END) Dow Jones Newswires

05-23-24 1715ET