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August 16, 2011 06:50 PM

Tuesday Evening Business Brief

Stock prices ended lower, interrupting three straight session gains.
The Dow dropped nearly 77 points to 11,406.  The S&P fell 12 points while the Nasdaq slipped 32 points.
  • President Barack Obama was in rural Iowa today when he urged people to share ideas with him about how to help the economy. Nearby in Dubuque, Texas Gov. Rick Perry, who hopes to win the White House himself, said the president's bus tour is a folly.
  • Oil slipped back a bit. Benchmark West Texas Intermediate crude for September delivery slipped $1.23 to finish at $86.65 per barrel on the New York Mercantile Exchange.
  • Sony is cutting the price of its PlayStation 3 by $50 in an attempt to drum up demand for the 5-year-old gaming console. It is now $249, down 17 percent from $299.
  • Pilots at JetBlue have voted to remain non-union. It is the second time in three years that pilots at the New York airline have tried and failed to unionize. It is a setback for the Air Line Pilots Association, or ALPA, which represents more than 53,000 pilots at 39 airlines.