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Since Day One the busytime system has rounded starting and ending times to the nearest 5 minute boundary.
The start time gets rounded "back" to the nearest 5 minute boundary so thats why your 4:27 PM becomes 4:25 PM.
The end time gets rounded "forward" to the nearest 5 minute boundary so your 4:42 PM gets pushed out to 4:45 PM.
The original reasons for doing this had to do with the UI handling and usability mainly. This has always been the case and is not likely to change anytime soon.
Bruce
IBM
Feedback response number BKAN8FMN69 created by ~Lex Nontookonynivu on 04/05/2011