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J.W.’s News Update: Tuesday June 14, 2011

Good Tuesday, Here are some stories making headlines today:

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Texarkana, Texas Police have arrested 6 teenagers in connection with an aggravated robbery.  Authorities were called to the 1700 block of Olive Street around 11 pm Sunday night in reference to an armed robbery.

The 64 year old victim states he was walking when the teens approached him and asked for a cigarette. He became suspicious and tried to flee but was caught and forced to the ground. One of the suspects put a gun to his neck and the others took money and a pocket knife before fleeing.  Police soon located the suspects,  and arrested five local  juveniles and one 18 year old from Stamps, Arkansas.

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Consumers spent less on cars in May, sending retail sales down for the first time in nearly a year. The Commerce Department says retail slaes dropped 0.2 % last month. It was the first decline after 10 straight increases.

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Wholesale prices rose at the slowest pace in 10 months in May as food costs fell and gas prices rose by the smallest amount in eight months. The figures suggest consumers could see some relief from rising prices soon. The Labor Department says the Producer Price Index, which measures price changes before they reach the consumer, increased 0.2% in May.

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In Sports:

The Dallas Mavericks have announced that a Victory Parade will occur Thursday through Downtown Dallas to celebrate the Mavs winning their first ever NBA Title with a 4-2 Series win over the Miami Heat.

Dallas owner Mark Cuban has said he will pay for the parade.

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