REFILE-PRESS DIGEST- New York Times business news - May 19

Mon May 19, 2014 6:01am EDT
 
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(Corrects link on BlackBerry item)

May 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

* AT&T Corp agreed on Sunday to buy satellite television operator DirecTV for $48.5 billion, trying to tilt the balance of power with media companies as the market for broadband internet and video shifts. With the acquisition, AT&T becomes the latest telecommunications giant seeking to establish an even greater reach. (r.reuters.com/qen49v)

* BlackBerry Ltd's partnership with Foxconn Technology Group, a major manufacturer of Apple Inc's iPhones and iPads, comes at a critical time for the Canadian firm. Although sales of the company's devices have plummeted globally in recent years, the revenue from the phone business remains vital as John Chen, BlackBerry's chief executive, tries to shift the organization's focus to services and software. (r.reuters.com/maq49v)

* Pfizer Inc has again raised its offer for AstraZeneca PLC, making what it said was a final effort to bring the giant British drug maker to the negotiating table. The latest offer, made Sunday evening, is worth about $119 billion. It comes after AstraZeneca's rejection of several private and public offers from Pfizer. (r.reuters.com/wen49v)

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