Bloomberg Sonos Inc. filed for a US initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple. Along with rich rivals, the company warned that an escalation of the trade war between the US and China could significantly damage its business. The Santa Barbara, California-based company filed with an offering ...

Bloomberg Univision Holdings Inc. is considering selling its English-language websites, including the former Gawker properties, according to people with knowledge of the situation. The move would put a group of sites such as Gizmodo, Deadspin and Jezebel on the block, said the people, who asked not to be identified because the deliberations are private. Univision is working with financial advisers ...

Bloomberg US Secretary of State Mike Pompeo left Pyongyang without immediately announcing any breakthroughs in efforts to implement North Korean leader Kim Jong-un’s agreement with President Donald Trump. Pompeo held two days of meetings with senior North Korean officials led by top Kim aide, Kim Yong Chol, on concerns ranging from the regime’s nuclear arsenal to US security guarantees. It ...

Bloomberg Former Pakistani Prime Minister Nawaz Sharif will return to the country after he was convicted on charges of corruption in a judgment that will likely dent the former ruling party’s prospects ahead of national elections this month. An anti-corruption court handed down a 10-year jail sentence and an $10.6 million fine against Sharif, 68. His daughter Maryam and her ...

Bloomberg UK PM Theresa May imposed her vision of a soft Brexit on her divided Cabinet, pleasing business with a plan to keep close trade ties to the European Union and telling insolent ministers to get behind her or resign. Her plan, which would set up a free-trade area with the EU and mirror EU rules for goods and food, ...

Bloomberg The US Justice Department told a federal judge that the government needs more time to “safely” reunite almost 3,000 kids with their parents. US District Judge Dana Sabraw in San Diego had ordered the US to return all children under age five to their parents by July 10 and all other minors by July 26. “The government does not ...

Bloomberg Paul Manafort said he can’t be ready for a July 25 trial in Alexandria, Virginia, on bank fraud and tax charges because the judge in his separate money-laundering case in Washington put him in a jail two hours away from his lawyers’ offices. Manafort, President Donald Trump’s former campaign chairman, asked the judge in Virginia to delay the trial ...

Donald Trump is trying to take on the single most globalised industry — and China. But the world’s largest car market won’t budge. Beijing reduced duties on autos on July 1, just before the imposition of US tariffs on $34 billion of Chinese goods. China’s carmakers, like its consumers, are the least vulnerable to exte- rnal forces compared with counterparts ...

A big Asian player has been left out of a flurry of media and entertainment mergers. Japan’s Sony Pictures, a key unit of the revitalised Sony Corp, is unlikely to be sold under Kenichiro Yoshida. But the new CEO will owe shareholders an explanation if dealmaking heats up. As Comcast Corp looks to beat Walt Disney Co’s $71.3 billion offer ...

Glencore Plc’s announcement of a $1 billion stock buyback was short on both wit and colour. So allow me to hazard a rough translation: “Don’t worry, we’re rich and our share price should be much higher.” Faced with the unwelcome attention of the US Department of Justice, most companies would be inclined to batten down the hatches. But, just a ...