UPDATE 1-Asbury earnings fall 68 pct amid U.S. auto slump

Newswire

* Q3 earnings 19 cents * Suspends dividend, cutting capital expenditure * Says will continue to move aggressively to cut costs DETROIT, Oct 30 (Reuters) - Automotive retail and service company Asbury Automotive Group Inc said on Thursday its earnings fell 68 percent amid a deep slump in the U.S. auto market and turmoil in the credit markets. The company said it was taking a number of steps to reduce costs and improve liquidity, including suspending its dividend, reducing capital ...

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