From the CFO.com "Brief" Case

• British Telecommunications PLC is expected to bring to market a huge offering denominated in euros and pounds, as early as tomorrow. Depending on demand, its size could be increased to as much as the equivalent of $9.4 billion, according to published reports.

• Nestle on Tuesday agreed to buy Ralston Purina Co. for $10.3 billion.

• At least 257 firms are in danger of being delisted from Nasdaq, according to Thestandard.com. Here is the list.

• A Nigerian doctor said that a letter from his office approving a controversial drug experiment on severely ill children by Pfizer Inc. was only created after that experiment was carried out, violating U.S. regulations, the Washington Post reported. U.S. law requires that if a company intends to use foreign medical research to support a drug application, the experiments must be reviewed and formally approved in advance by an ethics committee in the host country.

• Nineteen tech titans, including bitter rivals Microsoft Corp. and Oracle Corp. as well as IBM and Cisco systems, are forming a private alliance to share sensitive information about cyber-attacks and vulnerabilities in their software and hardware products, according to The Wall Street Journal. The participating companies contributed a total of $750,000 to launch the nonprofit center, known as IT-ISAC. Atlanta's Internet Security Systems Inc. (ISSX) will run the center's operations. Other technology firms will be able to join the alliance for $5,000 a year.

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