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Business Brokerage by Freddie Mooche - Senior Financial ColumnistMarathon Oil Corporation (NYSE: MRO) announced today that it is initiating a public offering of 30 million shares of its common stock to pay down the debt associated with buying out Ashland, Inc's ownership in the 5th largest refinery in the nation.

On a GAAP basis, Nuance recognized a net loss of $9.4 million, or $(0.06) per share, in the quarter ended June 30, 2006, compared with net income of $0.2 million, or $0.00 per diluted share, in the quarter ended June 30, 2005. GAAP measure, GAAP net income of $19.7 million, or $0.11 per diluted share, for the period ending June 30, 2006, GAAP net income of $5.9 million, or $0.05 per diluted share, in the quarter ended June 30, 2005.

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Nuance Communications, Inc. ( NUAN) today announced financial results for the fourth fiscal quarter ended September 30, 2007. Nuance reported revenues of $179.9 million in the quarter ended September 30, 2007, a 40 percent increase over revenues of $128.1 million in the quarter ended September 30, 2006. On a GAAP basis, Nuance recognized a net loss of $3.4 million, or $(0.02) per share, in the quarter ended September 30, 2007, compared with a net loss of $7.2 million, or $(0.04) per share, in the quarter ended September 30, 2006.

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Nuance reported fiscal fourth quarter revenues of $61.9 million, a 47 percent increase over revenues of $42.0 million in the quarter ended September 30, 2004. Nuance recognized a net loss of $7.7 million, or $0.06 per share, in the quarter ended September 30, 2005 compared with a net loss of $6.2 million, or $0.06 per share, in the comparable period 2004. These GAAP figures include revenues and expenses associated with the acquisition of the former Nuance for the period following September 16, 2005.

Real Estate Broker March 22, 2004 (AXcess News) Houston TX - Marathon Oil Corporation (NYSE: MRO) announced today that it is initiating a public offering of 30 million shares of its common stock to pay down the debt associated with buying out Ashland, Inc's ownership in the 5th largest refinery in the nation.

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Agency Brokerage Spark Shares from the equity sale are from a shelf registration filed by the Houston-based oil and gas exploration and development company with the securities and exchange commission in September 2002.What prompted the sale was Marathon's recent agreement to acquire Ashland Inc.'s (NYSE: ASH) minority interest in Marathon Ashland Petroleum LLC (MAP).

The AR MLS service is an Association of real estate Brokers agents and professionals who agree to share the Arkansas listings with each other. This method allows a listing broker (the agent who is offer the home for sale) and a selling broker (the agent who brings the buyer) the ability to select from all the homes offered by any AR MLS member.

Business Broker The acquisition, valued at $2.93 billion, would make Marathon the sole owner of MAP. The closing of the acquisition transaction, which is anticipated to occur in the fourth quarter of this year, is contingent upon a number of conditions, including a favorable tax ruling from the U.S. Internal Revenue Service as to the tax-free nature of the transaction, Ashland shareholder approval, Ashland public debt holder consents and the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Act.

Brokerage Account Monday morning, Friedman, Billing, Ramsey upgraded Ashland, Inc. shares. The brokerage also upped its price target on the ASH stock. Meanwhile, the brokerage cut its 2004 and 2005 EPS estimates for the company.While attributing the upgrade to valuation, analyst Jacques Rousseau cut his 2004 EPS estimate for the company to $3.60 from $3.95, and 2005 estimate to $2.90 from $3.75, to reflect sale of its interest in Marathon Ashland Petroleum to Marathon Oil Corp.

Stock Broker The brokerage increased its price target on the ASH stock to $52, while raising its rating on Ashland shares to Market Perform from Underperform.

Brokerage Online Stock Trading Marathon's rating was raised to Outperform from Market Perform with a $40 target.

Broker Justin Ticket Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated are acting as joint book-running managers for the offering.

Real Estate Brokerage The announcement by Marathon to buy the Ashland refinery stake came Friday. Ashland's sale comes at a time when refinery profits are at a premium, giving the old-line oil and gas company a higher than expected return.The Ohio-based refinery (MAP) is the 5th largest in the nation with seven refineries and capacity of 948,000 barrels of oil a day, interstate pipelines, and 6,000 service stations and truck stops that produced $771 million in profits last year alone.

Commodity Broker On Friday, Reuters reported that Marathon would pay $315 million in stock and transfer $794 million of MAP cash and accounts receivable to Ashland and then pay $1.9 billion more through cash raised in a debt offering, for a total payment of $2.7 billion in cash and receivables.Marathon also agreed to purchase 61 Valvoline Oil Change centers in Michigan and Ohio, and a unit that produces a chemical used in pharmaceuticals, dyes and resins. Ashland will receive $94 million for those assets.Shares of Marathon closed Monday at $33.44, down $0.53 or 1.56%, on heavy volume of 2,018,700 shares. The 90-day average daily volume was reported to be 1,161,272 shares.

Brokerage House Shares of Ashland closed Monday at $48.78, up $0.12 or 0.25%, on heavy volume of 812,400 shares. The 90-day average daily volume was reported to be 357,318 shares.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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