UPDATE 1-Wabco Q3 results below Street; to cut 1,000 jobs

Newswire

* Q3 EPS $0.97 * To take $45-$55 mln in charges * Sees 2008 earnings below Street Oct 29 (Reuters) - Vehicle control systems maker Wabco Holdings Inc posted lower-than-expected quarterly results, cut its 2008 earnings outlook and said it would cut about 1,000 jobs as it was weighed down by a weak economy. "This streamlining is being initiated in anticipation of a further decrease in demand in the commercial vehicle industry," Wabco said in a filing. Wabco, which has also suspended ...

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