CA-BUSINESS Summary

TSX may open lower, tracking commodity markets

(Reuters) - Canada's main stock index looked set to open slightly lower, in line with weaker commodity markets, as investors await a slew of Chinese economic data later in the week. (Reporting by Samarendra Sahoo in Bangalore; Editing by Janet Guttsman)

WestJet says holidays, cancellations to hurt profit

(Reuters) - WestJet Airlines Ltd , Canada's second-largest airline, said it expects revenue per available seat mile (RASM) to decline in the second quarter, hurt by the timing of the Easter and Passover holidays and cancellation of some business by travel agency Thomas Cook. RASM is a measure of airlines' efficiency. The higher the RASM, the more profitable an airline. WestJet's RASM rose 2.4 percent in the quarter ended March 31.

BMW recalls 220,000 vehicles in Takata airbag issue

(Reuters) - BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata Corp , BMW said on Tuesday. The latest recall includes BMW's popular 3-Series sedans, coupes, convertibles and station wagons.

OfficeMax shares up as special dividend outweighs profit miss

(Reuters) - OfficeMax Inc reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share. Its shares rose 10 cents to $11.85 in premarket trading.

Commerzbank sees bleak 2013 as it fishes for investors

FRANKFURT (Reuters) - Commerzbank , Germany's No.2 lender, will have to work hard to entice investors to its 2.5 billion euro ($3.3 billion) share call this month after painting a bleak outlook for the rest of this year. Chief Financial Officer Stephan Engels said 2013 would be a year of transition for the bank, which posted a net loss of 94 million euros in the first three months as it booked a 493 million euro restructuring charge linked to 4-6,000 job cuts.

Dow Chemical receives $2.2 billion as damages from Kuwait co

(Reuters) - Dow Chemical Co said it has received $2.2 billion as damages from Kuwait's state-run chemicals company, a year after an arbitrator told Petrochemical Industries Co to pay up for cancelling a planned plastics joint venture in 2008. The International Chamber of Commerce's International Court ruled against Petrochemical Industries for pulling out of the $17.4 billion "K-Dow" petrochemical joint venture as the global economy sunk into a recession.

George Weston reports jump in profit, boosts dividend

(Reuters) - George Weston Ltd , the Canadian food producer that controls the Loblaw Cos Ltd grocery chain, raised its dividend for the second time in six months as adjusted profit rose, driven by improved performance at Loblaw. Net earnings for the quarter rose 36 percent to C$225 million ($223 million), or C$1.18 per share, helped by a weaker Canadian dollar.

Spain regulator studies fining Vodafone for roaming fees

MADRID (Reuters) - Spain's telecoms regulator said on Tuesday it was studying fining Vodafone up to 2 million euros ($2.6 million) for failing to adhere to European roaming tariffs. The CMT said in a resolution published on its website that Vodafone automatically gave customers travelling in Europe a 4 euro per day roaming tariff under one of its packages instead of Europe-approved tariffs that establish different maximum fees.

Exclusive: Lehman puts Ritz-Carlton Maui resort up for sale

NEW YORK (Reuters) - Lehman Brothers Holdings has put the Ritz-Carlton, Kapalua Resort, a 54-acre luxury condo and hotel resort in Maui, Hawaii, on the block as it continues to sell off its real estate holdings to pay off creditors, said two sources familiar with the deal. The sale is expected to fetch more than $200 million, said one source who was not authorized to speak on the record.

Discovery posts higher first-quarter results, sees revs above view

(Reuters) - Discovery Communications Inc posted higher revenue and profit in the first quarter as its cable television networks grabbed better U.S. and international ratings, and forecast annual revenue above estimates. The owner of the Discovery Channel and Animal Planet cable networks said on Tuesday that revenue rose 6.5 percent to $1.156 billion. Analysts expected $1.51 billion, according to Thomson Reuters I/B/E/S.

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