According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets.

Reuters writes that Medtronic (MDT) is suspending sales of a heart devices that may have caused some deaths.

Reuters writes that Ford (F) believes it will sell Jaguar and Rover within the next two months.

The Wall Street Journal writes that Gabelli funds will vote against a plan to take Cablevision (CVC) private.

The Wall Street Journal reports that Chrysler will try to get a piece of China’s small car market.

The Wall Street Journal writes that Broadcom (BRCM) has invented a chip that could bring down the cost of making mobile handsets.

The New York Times writes Nokia (NOK) has started shipping its N95 with 8 Gigabyte memory.

The New York Times writes that Sallie Mae (SLM) is seeking to speed up the trial involving private equity groups that dropped a bid to buy the company.

The New York Times writes that six banks will start selling today at least $11 billion in debt to finance the buyout of the Texas energy giant TXU, one of the largest LBOs of the year.

The FT writes that Carl Icahn may make another run at Motrola (MOT).

The FT also reports that Pfizer (PFE) is leading big pharma into social networking.

CNN Money writes that Airbus will deliver its first A380 superjumbo today.

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