The move, announced at a court hearing Friday, was an attempt to stave off a potential shutdown at the hands of Judge Marilyn Hall Patel. Her decision is not expected immediately. The company emphasized that the plan was not a response to a specific takeover attempt, although merger rumors over the past several months have affected the company's stock price. The appellate judges strongly questioned his order and signaled their anger at Jackson for violating ethical rules by granting media interviews during the case. A ruling is expected within a few months.
Preliminary details show the budget includes an increase in education, health and defense spending.
Some high-tech programs and research could be rolled back or cut altogether. The FTC appointed former Federal Communications Commissioner Dale Hatfield to monitor compliance with conditions set when it approved the AOL-Time Warner merger. Edited by Alex Lash. Privacy Policy Stock data provided by Stockpoint and its data suppliers.