If you need fopen() on a URL to timeout, you can do like:
<?php
  $timeout = 3;
  $old = ini_set('default_socket_timeout', $timeout);
  $file = fopen('http://example.com', 'r');
  ini_set('default_socket_timeout', $old);
  stream_set_timeout($file, $timeout);
  stream_set_blocking($file, 0);
  //the rest is standard
?>