Isilon Systems' listing on Nasdaq falls under review

Isilon Systems, the Seattle data-storage company, is out of compliance with requirements for continued listing on the Nasdaq because an internal investigation has delayed the company's third-quarter report.

The company said Friday it plans to request a hearing before a Nasdaq panel, and its shares will continue trading on the exchange until the panel makes a decision.

Isilon's audit committee is reviewing some sales to resellers and other customers "to determine whether commitments were made that have an impact on the timing and treatment of revenue recognition and whether the company's internal controls relating to revenue recognition were sufficient."

In October, the company's chief executive and chief financial officers were sacked.

Isilon said it will not file its quarterly report until after the review is completed.

Starbucks

Lawsuit claims age discrimination

A woman is suing Starbucks in Maine, claiming the company did not hire her because of her age.

Deborah Boyajian was 53 when she applied for part-time barista jobs. Starbucks never got in touch with her but hired 19 other applicants while she waited, all but one of them under 30, according to the complaint. She seeks punitive damages and wants a job at Starbucks.

The Maine Human Rights Commission, a state agency that investigates discrimination cases, told Boyajian that she has reasonable grounds to pursue the lawsuit. Sherri Jefferson, a lawyer representing Starbucks, disputed the claims and said Boyajian wasn't hired because of her limited availability.

Petroleum

Oil futures climb; gasoline prices slip

Oil futures resumed their march toward $100 a barrel Friday, rising to a record close in light holiday trading on concerns about tight heating-oil supplies while also drawing support from a buoyant stock market.

At the pump, meanwhile, gas prices retreated further from their most recent peak, falling 0.1 cent overnight to a national average of $3.086 a gallon, according to AAA and the Oil Price Information Service.

Analysts say gas prices are likely to hold steady or even slide a little unless oil rises beyond $100 a barrel.

Oil prices drew support Friday from heating-oil futures, which set records on concerns about tight supplies heading into the winter heating season.

Compiled from Seattle Times staff and The Associated Press