ArvinMeritor quarterly earnings jump on sale gain


CHICAGO, Jan 24 (Reuters) - Auto and truck parts maker ArvinMeritor Inc. on Tuesday said quarterly earnings rose 89 percent after the sale of an off-highway brake business, but strong truck volumes were largely offset by prior divestitures, and higher energy and pension costs. Net income rose to $34 million, or 49 cents per share, for its fiscal first quarter ended Dec. 31, from $18 million, or 26 cents per share, a year earlier. ArvinMeritor earned 16 cents per share from continuing ...

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