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 six teens in connection with the aggravated robbery of a 64 year old man. Authorities say they were called to the 1700 block of Olive Street in reference to an armed robbery. 

The victim told police he was walking shortly after 11 pm Sunday Night when the teenagers approached him asking if he had a cigarette. He became suspicious and tried to flee but was caught by the suspects who put a handgun to his neck and took and undetermined amount of money from him and a pocket knife.  Authorities were able to quickly locate the suspects in the area of West 16th Street and Texas Boulevard.

Five local juveniles and one 18 year old from Stamps, Arkansas were arrested charged with aggravated robbery and the investigation is continuing.

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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 sales dropped 0.2% last month which 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 gasoline 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. That's down from a 0.8% rise in April.

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In Sports:

The newly crowned NBA Champion Dallas Mavericks have set Thursday for the day to have a Victory Parade through Downtown Dallas to celebrate the Mavericks 4-2 Series Victory over the Miami Heat.

Mavs owner Mark Cuban says he is going to pay for the parade.

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