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A U.S. appeals court has rejected a bid by federal regulators to block Microsoft from closing its $68.7 billion deal to buy video game maker Activision Blizzard A U.S. appeals court on Friday rejected a bid by federal regulators to block Microsoft from closing its $68.7 billion deal to buy video game maker Activision Blizzard, paving the way for the completion of the biggest acquisition in tech history after a legal battle over whether it will undermine competition. In a brief ruling, a three-judge panel on the 9th U.S. Circuit Court of Appeals concluded there were no grounds for issuing an order that would have prevented Microsoft from completing its nearly 18-month-old deal to take over the maker of popular video games such as Call of Duty. The Redmond, Washington, software maker is facing a potential $3 billion termination fee if the deal isn't completed by Tuesday. “This brings us another step closer to the finish line in this marathon of global regulatory reviews,” Microsoft P...

New York has announced a $100 million settlement with Coinbase over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity NEW YORK -- New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform's systems for spotting potential criminal activity. According to the state Department of Financial Services, Coi NBA se's anti-money-laundering program and its system for monitoring transactions for suspicious activity were inadequate for a company of Coi NBA se's size and complexity. The department said that the volume of alerts generated by Coi NBA se's transaction monitoring system grew so fast that reports of suspicious activity were sometimes filed months after the suspicious activity was first known to Coi NBA se. “It is critical that all financial institutions safeguard their systems...

Chemical and consumer products maker 3M will phase out the manufacturing of so-called “forever chemicals” and try to get them out of all their products within two years WASHINGTON -- 3M will phase out the manufacturing of so-called “forever chemicals” and try to get them out of all their products within two years, the chemical and consumer products maker said Tuesday. The decision announced Tuesday arrives after U.S. environmental regulators designated the chemicals — used in nonstick frying pans, water-repellent Sports gear, stain-resistant rugs, cosmetics and countless other consumer products since the 1940s - as hazardous substances under the Superfund law. While the designation is not an outright ban, polyfluoroalkyl substances, better known as PFAS, require a report to federal, state or tribal officials if the amount released into soil or water meet or exceed a certain level. The Environmental Protection Agency could then require cleanups to protect public health and re...