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AT&T, Time Warner gain as question of trial stay emerges

Published 01/19/2018, 04:02 PM
© Reuters.  AT&T, Time Warner gain as question of trial stay emerges
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  • In the event of a government shutdown -- now hours away from happening -- the U.S. is obligated to ask for a stay in the trial of its case against the buyout of Time Warner (NYSE:TWX) by AT&T (NYSE:T), Bloomberg says.
  • But the judge in the case says his "inclination" is to deny a requested stay, according to the news service. The trial is currently set to begin March 19.
  • The two companies's stocks both moved up during a status conference on the case that was to have started at 3 p.m.; after most of the day in the red, T followed the market higher to close +0.2%; TWX +0.4%.
  • Now read: Engineering Income: An Interview With Richard Berger


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