Business Update: New housing help

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The Federal Reserve approved a strategy to help avoid foreclosures on home loans it owns, holds, or controls. The Dow rose 58 points to 8,174.The S&P 500 gained 9 points to 845.The Nasdaq added 15 points to 1,504. Target, hours after the market closed, announced it was eliminating over 1,000 positions. Conway Gittens reports from New York

Tags: Federal Reserve, foreclosures

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