AutoZone’s second-quarter profit beat estimates amid DIY trend

(Reuters) – Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on the road. Demand for auto parts stayed resilient during the quarter as surging prices of new and used vehicles discouraged some buyers from buying new ones. The Memphis,…

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AT&T to give billing credits to consumers impacted by outage

By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T, whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for more…

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Buffett’s Berkshire posts record profit on insurance, investments

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire’s $354…

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