IBT Staff Reporter

You can't prepare for the best case, you have to prepare for the worst case, New York Mayor Michael Bloomberg tweeted Saturday morning, as NYC faces its first ever evacuation order due to the upcoming threat of Hurricane Irene.

Global financial regulators are likely to impede growth rather than foster it unless they are better policed, an economist warned policymakers on Saturday.

German Finance Minister Wolfgang Schaeuble warned members of parliament in his ruling coalition that financial markets may doubt Europe's ability to act if they fail to back measures bolstering the powers of the euro zone bailout fund.

Federal officials have warned Hurricane Irene, which is at a category 1 phase currently, could cause flooding, power outages or worse all along the East Coast as far north as Maine, even if it stays offshore.

Disney Channel and “ The Social Network” actress, Brenda Song is pregnant after two months of dating Trace Cyrus and they are expecting their first baby soon.

As Hurricane Irene sustains its path, making landfall in eastern North Carolina at around 7:30 a.m. Saturday, the storm has weakened from Category 2 to Category 1, according to an update released by the National Hurricane Center (NHC) at 5 a.m. Saturday.

Apple has offered $384 million in stock to its newly-appointed Chief Executive Officer, Tim Cook, locking him up through 2021.

Deutsche Telekom said it had not been cutting jobs at its U.S. arm T-Mobile USA in anticipation of the unit's sale to AT&T, as reported by a German online magazine on Friday.

Jennifer Aniston, who sold her sprawling Beverly Hills mansion for $38 million just a month ago, has opted for a temporary cozy two-bedroom love nest to live together with beau Justin Theroux.

Google will launch its TV service in Europe early next year, announced Executive Chairman, Eric Schmidt convincing the policy makers to embrace the Internet in the TV arena.

Kim Kardashian's manger mother has clinched hosting gigs on two U.S. talk shows as she continues to televise her day-to-day life in the hit reality show Keeping Up With the Kardashians on the E! Network. Kris Jenner will be filling in Sharon Osbourne on CBS' chat show The Talk in September. Jenner will also be filling in for Katie Couric on The Today Show on NBC in October.

Corey Stoll, though not a household name, was a major player in Midnight in Paris, a movie that remained in picture houses all summer long and made more money than any other movie from the director Woody Allen.

Rebirth follows five New Yorkers who discuss the events of 9/11 and the World Trade Center as a site of shared trauma, exploring the emotional, spiritual, mental and physical repercussions that day left on all of us.

It has been a difficult week in the love lives of TV's Gilbert sisters, with both women enduring breakups of their long-term relationships.

Hurricane Irene has yet to make landfall, but barring a weather miracle, it will put a serious crimp in movie, concert and play-going.

If there was a Golden Globe award for best milking of a semi-controversy, Ricky Gervais would easily walk away with the trophy.

Michael Showers, the Treme actor who was found dead in the Mississippi River on Wednesday, died of drowning, the Orleans Parish coroner's office announced on Friday, according to the New Orleans Times-Picayune.

A jury found movie producer Jon Peters was guilty on Friday of sexual harassment and ordered the man behind films such as Batman to pay more than $3 million to a former personal assistant.

A number of Major League Baseball games have been postponed over the weekend as Hurricane Irene moves ominously over the east cost of the United States, it was announced on Friday.

Mel Gibson and his ex-girlfriend on Friday settled a deeply bitter custody dispute over their young daughter which led to the Oscar winner's plea of no contest to domestic violence earlier this year.

Two members of the British military conducting skydiving training in southern California collided in mid-air on Friday and were hospitalized with serious injuries, authorities said.

New Yorkers are bracing for the worst as Hurricane Irene rages its way up towards the eastern seaboard from North Carolina.

Justice Department investigators believed that Google Inc's Chief Executive Larry Page knew about improper online pharmacy ads that Google carried, and allowed the ads for years, the Wall Street Journal said.

Astronomers have discovered a dense extrasolar planet that they believe is composed of ultradense diamond.

Plaintiff lawyers claimed a victory on Friday when a federal judge overseeing hundreds of lawsuits against BP and others over last year's big oil spill in the Gulf of Mexico allowed much of the case to move ahead, including punitive damages claims.

Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial.

A federal judge overseeing hundreds of lawsuits related to last year's massive oil spill in the Gulf of Mexico on Friday dismissed some plaintiff claims and allowed others to remain in the litigation.

Sexual encounters with archaic humans like Neanderthals have endowed modern humans with genes that contribute to our greatly improved immune system, according to researchers.

The departure of Steve Jobs as Apple's CEO is likely to trigger some major changes for the company's board.