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* Pilots for 11 airlines, including British Airways and AMR Corp.’s American Airlines, agreed to form a coalition to protect their labor rights as more airlines unite in transnational alliances.
* Michelin, the world’s biggest tire maker, acquired Colombia’s largest tire producer, Icollantas, for $73.4 million as the French company expands its reach in Latin America.
* Paper and mining equipment manufacturer Harnischfeger Industries Inc. of Milwaukee reported a larger than expected loss of $38.6 million for its fiscal third quarter and said it will slash its work force by an additional 16%. The news sent the company’s shares tumbling $3.38, or 16.7%, to close at $16.88 on the NYSE.
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