Hot Topics: Ring found in used car returned to owner

The New York Times is reporting that 'Today' show co-anchor Ann Curry could be replaced. Insiders say Curry is discussing her role within the network and a different job for her. They also say she's hired a well-known lawyer to represent her in negotiations. Curry has been co-anchor of 'Today' for a year.

Debbie Phelps is one proud mom. Her son Michael Phelps is hoping for more gold in London. Debbie says that she is excited for her son's chance to compete again. She also adds that witnessing Michael's 14 medal wins is still surreal to her. You can catch all of the Olympic action beginning July 27 right here on Channel 3. 

We have a happy ending to the story we told you about Wednesday night. The couple who found a diamond ring in their used car has returned the ring to its rightful owner. The ring is now back in the hands of a 79-year-old California woman who lost it when she sold her car. The woman said the ring is her late husband's wedding band.