BUSINESS MEMO: AIRLINES SUPER ALLIANCE

LONDON -- American Airlines and British Airways teamed up Monday with three partners in the industry's second super alliance, saying it will be able to fly virtually anywhere in the world.

The alliance also includes Canadian Airlines, Australia's Qantas and Hong Kong's Cathay Pacific Airways -- and it hopes to expand soon with partners from continental Europe and Japan.

The airlines say their venture, called "oneworld," will be a tough competitor to the Star Alliance put together by United Airlines and Germany's Lufthansa.