UPDATE 3-Wabco Q3 results below Street; to cut 1,000 jobs

Newswire

* Q3 EPS $0.94 from cont ops vs Street view of $0.98 * To take $45-$55 mln in charges * Sees 2008 earnings below Street * Shares touch lifetime low (Adds analyst comment; updates share movement) Oct 29 (Reuters) - Weighed down by a weak economy, 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, sending its shares to a lifetime low. "Wabco missed the third quarter and ...

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