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Digest
Seized gambling ship free to sail
By TIMES WIRES
Published November 3, 2006
A magistrate released the Casino Royale from federal court control Thursday. The ship's owner settled claims from crew members, who obtained a court order for federal marshals to seize the vessel last week. The ship has been docked at Tampa Bay Shipbuilding & Repair Co. since April, while owners try to get U.S. Coast Guard approval to carry passengers on the casino boat. Microsoft sets date for update Microsoft Corp. has announced it will release the business version of the long-anticipated update to its flagship operating system at an event at the Nasdaq Stock Market on Nov. 30. In addition to Windows Vista, the company said it also will release the Office 2007 software suite, which includes word processing and spreadsheet programs, and Exchange Server 2007 for e-mail and calendars. Medicare news buoys Lincare Shares of Clearwater's Lincare Holdings Inc., which provides oxygen to at-home patients, rose Thursday after easier-than-expected Medicare cuts in oxygen reimbursement. Lincare shares rose $2.68 to $35.18 on the Nasdaq. On Wednesday, the Centers for Medicare and Medicaid lowered its monthly payment for oxygen to $230 from $231, far better than the anticipated payment of$209. Delta wins more time from court A bankruptcy judge granted Delta Air Lines Inc. a deadline extension to file its plan of reorganization as it tries to emerge from Chapter 11 by the middle of next year. The nation's third-largest airline now has until Feb. 15, to file a plan and until April 16, to solicit approval for the plan from creditors, according to a court document dated Oct. 31. Twinkies baker settle federal case Interstate Bakeries Corp., the bankrupt maker of Twinkies and Wonder bread, said Thursday it has agreed to settle a longstanding federal investigation into its record-keeping and accounting practices. The company also said it has been ordered by the Securities and Exchange Commission's Division of Enforcement to file a year and a half of delinquent quarterly and annual reports by Dec. 31 or its stock could be delisted. MySpace pioneer files antitrust suit An early investor in MySpace sued the popular social networking Web site on Thursday, claiming the company violated antitrust laws by blocking links to his new online video-sharing venture. Brad Greenspan, chief executive of Los Angeles-based LiveUniverse Inc., claims that last month MySpace began deleting references on user pages to his new Web site, vidiLife.com, and has dismantled video links and blocked users from mentioning the site. Both sites allow users to post videos and create online profiles for swapping media and collecting Internet penpals.
[Last modified November 3, 2006, 01:38:09]
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