UPDATE 1-ArvinMeritor earnings fall, steel costs weigh


(Adds sales figures, continuing operations income) CHICAGO, Jan 31 (Reuters) - Auto and truck parts maker ArvinMeritor Inc. on Monday said quarterly earnings fell, hurt by the rising cost of steel and other raw materials. Net income fell to $18 million, or 26 cents a share, for the fiscal first quarter ended Dec. 31, from $19 million, or 28 cents a share, a year earlier. Results include operations that have been or are expected to be discontinued as ArvinMeritor focuses on its core ...

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