Fashion company Michael Kors is buying Versace, the Italian luxury brand founded by Gianni Versace in 1978, for $2.12 billion. The two fashion houses made the announcement Tuesday, one day after speculation spread about a potential deal.

Donatella Versace, the artistic director of the Milan-based fashion house who helped lead the company after her brother's death in 1997, said it's the perfect time for the company to join with Michael Kors.

Kevin Systrom and Mike Krieger, co-founders of Instagram, have announced their plan to leave the company that produces the popular photo-sharing application.

"We're planning on taking some time off to explore our curiosity and creativity again," Systrom said in a statement on the company's website. "Building new things requires that we step back, understand what inspires us and match that with what the world needs; that's what we plan to do."

It's a terrifying weapon: a nuclear-powered cruise missile that can fly anywhere on the planet, possibly spewing radioactivity as it goes. In March, Russian President Vladimir Putin announced that his nation had successfully tested just such a machine.

But new satellite imagery of a remote Russian test site suggests that the missile may not be working as well as claimed.

Starting this semester, the Colorado School of Mines is offering the world's first degree programs in Space Resources — essentially mining in outer space.

It's not just academic institutions like the School of Mines taking note; a small but growing number of startups expect this to be very big business sooner than a lot of us might think.

Hurricane season means people on the Atlantic and Gulf coasts live with the possibility of evacuation for several months each year. But in the part of the country prone to wildfires, being ready to evacuate has now become a way of life with wildfires turning into a year-round threat.

Last year, wildfires destroyed thousands of homes around California. And this summer, it happened again with wildfire devouring entire neighborhoods in the city of Redding.

Rob Goldstone, the man who sent the email to Donald Trump Jr. that proclaimed "Russia and its government's support" for the Trump campaign, now says he had no idea what he was talking about.

In fact, not only did he not know the Russian government had launched a broader program of "active measures" against the 2016 election, Goldstone also says he made up some of the most important details in the message.