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* TV unit loss narrows sharply, mobile unit profit slides (Recasts with company comments, reaction)
TEL AVIV, May 21 (Reuters) - Israeli defence electronics firm Elbit Systems has agreed to buy Nice Systems' cyber and intelligence division for $157.9 million as it seeks to boost its presence in this fast-growing market.
WASHINGTON, May 20 (Reuters) - The U.S. State Department this week approved the sale of $1.87 billion in munitions and precision guidance kits to Israel to improve the capability of existing systems and make it easier for U.S. and Israeli military forces to work together.
* Premier seen to be wanting to control industry regulation (Adds interim appointment of Communications Ministry head)
JERUSALEM/TEL AVIV, May 20 (Reuters) - Concerns about Israel 's commitment to competition in the telecoms sector have grown after Prime Minister Benjamin Netanyahu dismissed the director-general of communications and took over the ministry himself.
JERUSALEM, May 20 (Reuters) - An Israeli policeman shot dead a Palestinian driver in East Jerusalem on Wednesday after he rammed into two policewomen, injuring them, a police spokesman said.
* Q1 net profit 25 mln shekels vs 20 mln forecast (Recasts, adds details, CEO/CFO comments, share reaction)
* Shares up 1.2 pct, hits year high (Adds details, analyst comments, share reaction)