UPDATE 1-ArvinMeritor's president, COO resigns


(Adds details) PHILADELPHIA, Jan 28 (Reuters) - Auto parts maker ArvinMeritor Inc. , which posted lower profits in the wake of its unsuccessful bid for rival Dana Corp., said on Wednesday Terry O'Rourke would resign as president and chief operating officer. Earlier on Wednesday, ArvinMeritor, which makes axles, brakes, exhaust and suspension systems, posted lower-than-expected first-quarter earnings and forecast second-quarter results that fell short of Wall Street expectations. In ...

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