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By Warren Strobel and Mark Hosenball WASHINGTON (Reuters) - At 3:59 p.m. EDT on Sunday, the National Security Agency and telecommunications companies will begin mothballing a once-secret system that collected Americans' bulk telephone records, shutting down computers and sealing off warehouses of digital data. If the U.S. Congress fails to act, key provisions of the USA Patriot Act will lapse in a watershed moment in the post-Sept. 11, 2001, era. Intrusive government powers, created and wielded in the name of preventing another mass-casualty terrorist attack, would be at least partly scaled back, proponents and critics of the surveillance say. more...


By Nate Raymond NEW YORK (Reuters) - The accused mastermind behind the Silk Road underground website was sentenced on Friday to life in prison for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. Ross Ulbricht, 31, was sentenced by U.S. District Judge Katherine Forrest in Manhattan after a federal jury in February found him guilty of charges including distributing drugs through the Internet and conspiring to commit computer hacking and money laundering. "What you did was unprecedented," Forrest said. more...


By Harro Ten Wolde FRANKFURT (Reuters) - Apple Inc has acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a corporate filing. Metaio's previous investors included Westcott LLC, the investment vehicle of entrepreneur Carl Westcott, the founder of floral delivery firm 1-800-Flowers , and Atlantic Bridge, a Silicon Valley-based growth equity technology fund. A document filed with a Munich court showed that Apple is now the company's sole shareholder. more...


Britain's Vodafone and Vimpelcom's Italian mobile phone unit Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fiber-optic network in Italy, the companies said in a joint statement. The agreement comes as Italian Prime Minister Matteo Renzi is pushing to upgrade the country's aging phone infrastructure in a 12-billion-euro ($13 billion) plan he considers vital to modernize the economy. Rome sees Metroweb, which is partly owned by the state and has attracted takeover interest from former phone monopoly Telecom Italia, as a building block for the multi-billion-euro plan. more...


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