IBT Staff Reporter

The overall cost to the UK economy from cyber crime is £27bn per year, according to a report commissioned by the Cabinet Office into the integrity of computer systems and threats of industrial espionage.

President Barack Obama's fiscal 2012 budget proposal to Congress showed a small decline from what is expected to be the previous year's budget, with the deficit set to decrease by nearly a third thanks mostly to higher taxes.

Edgar Miles Bronfman, Jr., CEO of Warner Music Group , listed his Manhattan’s Upper East Side townhouse for $27.25 million today. The mansion is former home to Muppets creator Jim Henson and his puppet-designing team.

Britney Spears is making her comeback Thursday night. Weeks after releasing her new single, Hold It Against Me, Britney's new video will premiere at 9:55 p.m. on MTV.

Pop star Britney Spears has recently purchased a nearly 20,000 square foot Tudor-style mansion in hidden Hills area of Los Angeles. The house is situated on a 3.39-acre village-like estate and comes with an entertainment complex with arcade, wood-paneled ballroom, fitness center, poker playing room, and even staff apartments.

In honor of her birthday let's take a look back at some of her most memorable moments in the spotlight.

You can't really blame financial hacks for getting things so wrong, so often. Because every financial decision you now make is a speculation on interest rates. And so pretty much every story a financial journalist might choose to write must start and end with the same speculation, built on the inaction of each monthly central-bank vote.

Criticism of China's exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing quantitative easing. What the US needs to do for a sustainable turnaround is to learn from other successful economies like China and Germany - not de-rail them.

A video made by compiling several images from NASA's Solar Dynamics Observatory shows the powerful flares that erupted earlier this week.

The NTIA released a map that shows broadband access across the United States. Despite growth, the digital divide is still very much in place.

Comments from Motorola CEO Sanjay Jha suggest that Google may be on the verge of launching its competitor to iTunes.

Radio frequency exposure from cell phones is not linked to brain cancer, according to a study by British scientists

The price of large, wholesale Gold Bars continued rising for US investors on Thursday, ending London trade at a 5-week high of $1383 per ounce as world stock markets held flat and the Dollar slipped on the currency market.

Abandoned by Nokia, Intel says its on the hunt for future partner for its Meego operating system.

The hit television show Glee made history as it now holds the title of having more songs on Billboard's Hot 100 chart than anyone.

James Earl Jones appeared on the Gayle King Show and did a dramatic reading of Justin Bieber's hit song, Baby.

Sony's tablet was missing at this year's Mobile World Congress, but the company aims to fix that this fall.

IBM announced an agreement with Nuance Communications, a speech recognition provider, to develop and commercialize Watson's advanced analytics capabilities in the health-care industry.

Reports have surfaced that President Barack Obama is meeting with several tech executives including Apple's Steve Jobs and Facebook's Mark Zuckerberg.

The troubled actor took time off from his show Two and a Half Men for rehabilitation. The show will produce four more episodes before wrapping up its seventh season. This is four fewer than what was originally promised.

A former U.S. Customs inspector was arrested on Tuesday after he disguised himself as a postman and attempted to smuggle a Mexican woman into Texas on false documents, U.S. Customs and Border Protection authorities said.

A Beverly Hills attorney has been sentenced to four months in county jail after he pleaded no contest to a single charge of attempting to smuggle black tar heroin into the downtown Los Angeles courthouse.

Borders Group, owner of the second largest U.S. bookstore chain, said in its Chapter 11 bankruptcy filing that it will close down around 200 stores nationwide, sending store landlords into a tizzy.

The fate of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, lies in the hands of the 12-member jury, who began their deliberations Wednesday.

Adrianne Palicki will take on the role of the superhero, NBC's Wonder Woman in the revival of the classic 1970s series.

The strongest solar flares seen in several years are sending a mass of charged particles towards the Earth, which could cause radio interference and auroral displays.

Gold rose for a fourth day in a row on Thursday in its strongest run since September, helped by safe-haven demand as unrest spread across the Middle East, while the dollar remained under mild pressure.

Leading Congressional Republicans are disputing President Barack Obama's recent statements that under his budget plan for 2012, which includes a 10 year outlook, the government will not spend more money than it's taking in by 2017.

Bieber opened up about heavy issues in the interview. No topic was off limits. Bieber answered questions regarding music, politics, sex and abortion.