UNITED STATES

Venezuela's Chavez returns envoy to Colombia

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Venezuela's President Hugo Chavez on Saturday ordered his ambassador back to Colombia a few days after withdrawing him amid a crisis over plans to increase the number of U.S. troops in the neighboring country.
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GM to attempt IPO by July 2010: filing

General Motors Co plans to sell shares in an initial public offering before the one-year anniversary next July of its exit from bankruptcy, the carmaker said in a regulatory filing on Friday.
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Nortel CEO planning to leave soon: report

The chief executive of bankrupt Nortel Networks Corp , Mike Zafirovski, plans to leave the company soon after leading it through four years of tumult, the Wall Street Journal reported on Friday, citing people familiar with the matter.
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Cloud over US payrolls: job hunters take summer off

Better-than-expected July jobs numbers have numerous private economists heralding the end of the recession, but the Obama administration is taking a more guarded view because of a worrisome rise in long-term unemployment and a drop in labor force participation.
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AIG posts first profit since 2007; shares jump

AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 20 percent.
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Telescope can find oodles of Earths: NASA

The orbiting Kepler telescope has spotted a Jupiter-sized planet around another star -- a sighting that demonstrates it can see Earth-like planets if they are out there, scientists reported on Thursday.
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Have flashes spawned front-running?

With so-called flash orders exploding into public view, investors are wondering if the rapid-fire dissemination of their investing intentions is costing them money.
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Freddie Mac reports first profit in two years

Freddie Mac, the second largest provider of U.S. home mortgage funding, on Friday posted its first quarterly profit in two years as gains from hedges and a one-time accounting change offset still-lofty credit losses.
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Former Madoff CFO faces charges

Former Madoff chief financial officer, Frank DiPascali, will be charged by the U.S. for his participation in what is termed Wall Street's biggest investment fraud.

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