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  • TOKYO, May 19- Japanese business confidence slid in May in a sign that last month's sales tax hike is cooling activity, but the mood is seen improving in the months ahead, and some executives seemed more concerned about lukewarm exports hampering the economic recovery.

  • May 18- AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market. AT&T said it is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18.

  • May 18- AT&T and DirecTV have agreed that there will not be a reverse break-up fee, or penalty that AT&T would have to pay the satellite operator if regulators shut down the proposed combination, according to a person familiar with the matter.

  • FACTBOX-A look at AT&T and DirecTV's businesses Sunday, 18 May 2014 | 6:22 PM ET

    NEW YORK, May 18- DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion in the second mega-deal to shake up the U.S. television landscape this year. *Market capitalization of $189 billion. *116 million wireless subscribers in all 50 U.S. states, District of Columbia, Puerto Rico and the U.S. Virgin Islands.

  • May 18- DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion, in the second mega-deal to shake up the U.S. television landscape this year. AT&T said it is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18.

  • *PM's fracas with protesters caught on mobile phones. ISTANBUL, May 18- Flanked by half a dozen body guards, Turkish Prime Minister Tayyip Erdogan turns towards a crowd baying for his resignation in a mining town still shocked and grieving after the country's worst industrial disaster.

  • May 18- DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion in the second mega-deal to shake-up the U.S. television landscape this year.

  • AT&T PLANS TO SELL INTEREST IN AMÉRICA MÔVIL TO FACILITATE REGULATORY APPROVAL.

  • LONDON, May 18- U.S. drugmaker Pfizer said on Sunday it had raised its offer for British rival AstraZeneca to 69.3 billion pounds, or 55 pounds a share. It said it would not make a hostile offer directly to AstraZeneca shareholders and would only proceed with an offer with the recommendation of the AstraZeneca board.

  • TOTAL TRANSACTION VALUE $67.1 BLN; EACH SHARE WILL BE WORTH $28.50 IN CASH& $66.50 IN AT&T STOCK.

  • BEIJING, May 19- China will increasingly manage its troubled property sector at a local level as it seeks to avoid sparking either an abrupt slowdown that undermines the economy or another surge in prices, according to government economists involved in policy discussions.

  • NEW YORK, May 18- The average price of a gallon of gasoline in the United States fell for the first time in three months, dropping about 3.5 cents over the past two weeks, according to the Lundberg survey released on Sunday.

  • WASHINGTON, May 18- General Motors' legal department is the focus of an internal inquiry into how the company handled a vehicle safety defect linked to 13 deaths, the New York Times reported, citing two people with knowledge of the inquiry.

  • VENTIMIGLIA, Italy, May 18- Convicted rogue trader Jerome Kerviel said on Sunday he would return to France, where he faces a jail sentence, after first saying he would stay in Italy. The trader has spent over three years fighting charges stemming from massive market bets that brought French bank Societe Generale close to collapse in 2008..

  • LONDON, May 18- U.S. drugmaker Pfizer Inc is planning to raise its offer for AstraZeneca Plc as it works with its advisers against the clock in a battle where they have just eight days left to move under British takeover rules.

  • Reuters Business News Schedule at 1900 GMT/1500 ET Sunday, 18 May 2014 | 3:00 PM ET

    Siemens seen making formal Alstom bid as early as this week. FRANKFURT/ BERLIN/ PARIS- Germany's Siemens is working on a formal asset-swap offer for Alstom's power business that could come as early as this week and see France take a stake in a resulting rail-focused French group, sources close to the talks tell Reuters.

  • SAN MATEO, California, May 19- Intel Corp's next-generation Broadwell processors will ship in time to be used in personal computers sold during the holiday season but probably won't be available for back-to-school shopping, Chief Executive Brian Krzanich said.

  • FRANKFURT, May 18- The Qatari royal family is set to take a stake in Deutsche Bank as part of a planned multi-billion capital increase, two people familiar with the transaction told Reuters on Sunday. Qatar will buy new Deutsche Bank shares ahead of a rights issue targeting investors worldwide, the sources said.

  • Lesser role for Fannie, Freddie not opposed: Regulator Sunday, 18 May 2014 | 12:40 PM ET

    The regulator of government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Sunday he would not oppose them having a smaller presence in the market

  • FRANKFURT/ BERLIN/ PARIS, May 18- Germany's Siemens is working on a formal asset-swap offer for Alstom's power business that could come as early as this week and see France take a stake in a resulting rail-focused French group, sources close to the talks told Reuters.