U.S. Markets closed

H&R Block's heavy investments to weigh on future profits, shares sink

reuters.com

(Reuters) - Shares of H&R Block Inc (HRB.N) fell as much as 21 percent on Wednesday, after the tax preparer said it expected profit margins to shrink as it invests heavily in technology to lure clients who do their own taxes. H&R, which helps corporations and individuals prepare their tax filings, might