CNNMoney.com yesterday named Pittsburgh one of the nation's best places to "live and launch." In a canvas survey conducted by CNNmoney.com, cities were profiled based on business prospects and lifestyle attractions. Pittsburgh ranked 60 out of 100 cities on the list, beating out towns such as Savannah, Ga.; Charleston, S.C.; and Ft. Lauderdale, Fla. According to the site, "Pittsburgh has swapped its smoke-belching steel mills for greener ventures like biotech, electro-optics and light industrial enterprises ... Urban amenities like first-rate museums and a lively music and arts scene are abundant."

Ford Motor Co. is selling its storied Jaguar and Land Rover businesses to India's Tata Motors Ltd. in a deal that will net the struggling U.S. automaker about $1.7 billion -- roughly a third of the price it paid for the two luxury brands. The deal announced yesterday will expand the Indian carmaker's global reach. The agreement had been in the works for months as strapped Ford sought money to fund its turnaround plan. Tata will pay $2.3 billion for the British brands, but at closing, Ford will pay $600 million into the Jaguar-Land Rover pension fund, Tata's statement said. Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000.

The Greater Pittsburgh Arts Council yesterday announced plans for a health-care program for local artists and employees of cultural organizations. The council said the plan that was designed based on input from the arts community about desired benefits and pricing. Eligible arts council members would have the opportunity to choose from three tiers of coverage. The council will hold an informational meeting on the program at 6:15 p.m. Monday at the New Hazlett Theater on the North Side. Information also will be available beginning Tuesday at www.pittsburghartscouncil.org.

Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago. One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios -- businesses that are profitable and growing faster. The board is looking for a new chief executive officer for the phone business, Motorola announced yesterday. The decision buys time for CEO Greg Brown to revitalize the handset unit before the split. Motorola shares have fallen 55 percent in the past two years.

Clear Channel Communications Inc. and the private equity firms seeking to close a $19.5 billion buyout of the company have sued their lenders. The radio and billboard giant filed suit yesterday claiming the five banks who promised to finance the deal were reneging. The private buyers, led by Bain Capital and Thomas H. Lee Partners, also sued. The banks signed letters backing the deal, but in the 18 months since it was made, the credit market has gotten tighter and Clear Channel's stock has slipped.