Wednesday, July 30 - More From GMR8

Here are your Local Headlines and More from GMR8.

Arrests Made After Standoff with Police

A goobertown man faces charges today after an hour long standoff with police on tuesday.

Authorities arrested 44 year old james garrison for aggravated assault, after he called police claiming he had beat his wife and another man inside their home.

When police arrived, garrison would not open the door or answer their phone calls.

Police say the swat team was called to the scene and that's when garrison finally came out.

Authorities found garrison's wife, another man, and an 8 year old child inside the home, but the woman had not suffered any serious injuries.

Garrison is being held at the craighead county detention center, awaiting a probable cause hearing later today.

"If the leaders and a lot of the people don't even understand the problem, then how can you possibly solve the problem," said Attorney Skip Mooney Jr.   Read More...

Money Scope Report

The slumping economy has forced another retailer into bankruptcy.  Department store chain Mervyns has filed for Chapter 11 protection. The company says all of its stores will remain open as it reorganizes. Other retailers that have recently filed for bankruptcy protection include Steve & Barry's, Linens 'n' Things and Sharper Image.

Restaurants are also struggling as Americans eat out less. Company owned Bennigan's and Steak & Ale restaurants are shutting down. They've filed for Chapter 7 bankruptcy protection, which means they will sell all of their remaining assets. Locations owned by franchises will remain open.

A new housing report shows home prices nationwide have not stopped falling.  Home prices plunged almost 16 % in May compared to a year ago, the steepest drop on record. Prices are now at the same levels as they were in the summer of 2004.

The big 3 automakers are making leasing a new car much more difficult. Ford is essentially ending leases for most trucks and SUV's as credit gets tighter and re-sale values plummet.  And the Wall Street Journal reports General Motors will soon announce a similar move. Just last week Chrysler said it's ending all leasing deals.  Leasing accounts for about 20% of new business for the big 3.

Delta is raising its fees for checking luggage. The carrier will now charge $50 for checking a second bag on domestic flights which is twice as much as it used to charge. But Delta will still allow passengers to check their first bag for free.

Dunkin' Donuts is joining the trend toward healthier food. Starting next week, the chain is offering several new breakfast choices which are lower in calories, fat and salt. They included a turkey sausage and egg-white sandwich. Dunkin' will spend several million dollars marketing the new menu.