  We present upgraded theoretical predictions for inclusive and exclusive
radiative decays of {\it B} mesons. Our results include those next-to-leading
order corrections that have already been computed. Our best estimates in the
Standard Model are $BR(B \rightarrow K^* \gamma)=(4.3 \pm 0.9^{ +1.4}_{-1.0})
\times 10^{-5}$, $BR(B \rightarrow X_s \gamma) =(1.9 \pm 0.2\pm 0.5) \times
10^{-4}$, $\Gamma(B \rightarrow K^* \gamma)/ \Gamma(B \rightarrow X_s
\gamma)=0.23 \pm 0.09$ and $BR(B \rightarrow X_s g)= (1.57 \pm 0.15
^{+0.86}_{-0.59} \pm 0.23) \times 10^{-3}$. We also consider limits found with
two-Higgs-doublet models.
