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	<title>Stock Blog Hub &#187; Hewitt Associates Inc.</title>
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		<title>(HEW) Aon Sets Public Offering of Senior Notes for Hewitt Associates Purchase</title>
		<link>http://www.stockbloghub.com/2010/09/08/hew-aon-sets-public-offering-of-senior-notes-for-hewitt-associates-purchase/50872</link>
		<comments>http://www.stockbloghub.com/2010/09/08/hew-aon-sets-public-offering-of-senior-notes-for-hewitt-associates-purchase/50872#comments</comments>
		<pubDate>Thu, 09 Sep 2010 04:21:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Management Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=50872</guid>
		<description><![CDATA[To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell its notes in three parts, of which $600 million will mature on September 30, 2015 at a coupon of 3.50%. Another $600 million will bear a coupon of 5% maturing on September 30, 2020. The remaining $300 million will mature on September 30, 2040, carrying a coupon of 6.25%. Aon will deposit the net proceeds from the notes offering into an escrow account, until the merger deal is completed, which is scheduled by mid-November. Aon issued the notes by securing a bridge loan on August 13. The credit agreement ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/08/hew-aon-sets-public-offering-of-senior-notes-for-hewitt-associates-purchase/50872/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(HEW) Aon Borrows $2.5 Billion for Hewitt Associates Deal</title>
		<link>http://www.stockbloghub.com/2010/08/18/hew-aon-borrows-2-5-billion-for-hewitt-associates-deal/48193</link>
		<comments>http://www.stockbloghub.com/2010/08/18/hew-aon-borrows-2-5-billion-for-hewitt-associates-deal/48193#comments</comments>
		<pubDate>Wed, 18 Aug 2010 18:28:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Management Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48193</guid>
		<description><![CDATA[Moving ahead with its latest deal, Aon Corp. (AON) is arranging funds for the acquisition of Hewitt Associates Inc. (HEW) through some credit agreements with a financial syndicate, which are estimated to be worth approximately $2.5 billion. The deal is scheduled to close by mid-November. Accordingly, Aon borrowed $1 billion by entering into a three-year term credit agreement with Credit Suisse AG (CS) that acted as the administrative agent. In addition, Morgan Stanley Senior Funding Inc. of  Morgan Stanley (MS) acted as the syndication agent, while Bank of America Corp. (BAC), Deutsche Bank Securities Inc. of Deutsche Bank AG (DB) and RBS Securities Inc. of Royal Bank of Scotland Group PI (RBS) were the co-documentation agents for the credit agreement. In a separate arrangement, Aon raised another $1.5 billion by ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/18/hew-aon-borrows-2-5-billion-for-hewitt-associates-deal/48193/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(DNB) Dun &amp; Bradstreet Reports Quarter In-Line With Estimates</title>
		<link>http://www.stockbloghub.com/2010/02/05/dnb-dun-bradstreet-reports-quarter-in-line-with-estimates/27157</link>
		<comments>http://www.stockbloghub.com/2010/02/05/dnb-dun-bradstreet-reports-quarter-in-line-with-estimates/27157#comments</comments>
		<pubDate>Sat, 06 Feb 2010 00:15:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Information & Delivery Services]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[DNB]]></category>
		<category><![CDATA[Dun & Bradstreet Corporation]]></category>
		<category><![CDATA[EFX]]></category>
		<category><![CDATA[Equifax Inc.]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[IRM]]></category>
		<category><![CDATA[Iron Mountain Inc]]></category>
		<category><![CDATA[R.R. Donnelley & Sons Company]]></category>
		<category><![CDATA[RRD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27157</guid>
		<description><![CDATA[Dun &#38; Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal fourth-quarter earnings before non-core gains and one-time charges of $1.75 per share, in line with the Zacks Consensus Estimate of $1.75 per share. EPS results decreased 6.4% from the year-ago profit of $1.87 per share. Results for the full year 2009 were in line with the company’s expectations, as the International segment performed above expectations, offset by the decline in North American revenue due to difficult economic conditions, which impacted customers. However, the company expects the North American business to improve in 2010. Meanwhile, core revenues (excluding revenues of $12.0 million in the year-ago period associated with the domestic portion of Italian operations which have been divested) were $463.7 million in the quarter, flat with the year-ago ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/05/dnb-dun-bradstreet-reports-quarter-in-line-with-estimates/27157/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TW) Watson Wyatt Merges with Towers Watson &amp; Company</title>
		<link>http://www.stockbloghub.com/2010/01/05/tw-watson-wyatt-merges-with-towers-watson-co/24133</link>
		<comments>http://www.stockbloghub.com/2010/01/05/tw-watson-wyatt-merges-with-towers-watson-co/24133#comments</comments>
		<pubDate>Tue, 05 Jan 2010 18:49:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Management Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[Marsh & McLennan Companies Inc]]></category>
		<category><![CDATA[MMC]]></category>
		<category><![CDATA[Towers Watson & Co]]></category>
		<category><![CDATA[TW]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24133</guid>
		<description><![CDATA[Human resource consulting major Watson Wyatt Worldwide Inc. recently declared the completion of its $4.0 billion merger deal with competitor Towers Perrin Forster &#38; Crosby, in what may be described as a big-ticket merger. The combined entity is called Towers Watson &#38; Co. (TW). The major competitors of Towers Watson are Hewitt Associates (HEW) and Marsh &#38; McLennan Companies (MMC). However, the merger increases the size and scalability of the combination, which should help it grab additional marketshare going forward. Moreover, Towers Perrin has been particularly strong in retirement consulting and risk management, which can be optimally used by the combination. The combined entity declared that it would pay $200 million of cash and issue one-year notes worth $200 million to those former employees of Towers Perrin that willfully chose to depart ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/05/tw-watson-wyatt-merges-with-towers-watson-co/24133/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IRM) Iron Mountain Incorporated Downgraded</title>
		<link>http://www.stockbloghub.com/2009/11/19/irm-iron-mountain-incorporated-downgraded/20952</link>
		<comments>http://www.stockbloghub.com/2009/11/19/irm-iron-mountain-incorporated-downgraded/20952#comments</comments>
		<pubDate>Thu, 19 Nov 2009 20:07:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[DNB]]></category>
		<category><![CDATA[Dun & Bradstreet Corporation]]></category>
		<category><![CDATA[EFX]]></category>
		<category><![CDATA[Equifax Inc.]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[IRM]]></category>
		<category><![CDATA[Iron Mountain Inc]]></category>
		<category><![CDATA[R.R. Donnelley & Sons Company]]></category>
		<category><![CDATA[RRD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20952</guid>
		<description><![CDATA[We are downgrading Iron Mountain Incorporated (IRM) to Neutral from Outperform with a lower six-month price target of $26.00, as we don’t see any near-term drivers of growth. Our price target represents a 2010 P/E multiple of 24.3x, a premium to the industry average. We currently do not see much upside to the shares from current levels due to softness in Services revenue (approximately 46% of total revenue), driven by the weak economy. We believe the stock is over-priced and near-term momentum is not envisioned. As long as the company continues to perform at a high level, we believe the shares can maintain their current valuation, and perhaps increase slightly, but we would not chase the stock at these levels. The company’s third quarter results were in line with Zacks ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HEW) Hewitt Associates Tops Expectations on Lower Revenue</title>
		<link>http://www.stockbloghub.com/2009/11/14/hew-hewitt-associates-tops-expectations-on-lower-revenue/20442</link>
		<comments>http://www.stockbloghub.com/2009/11/14/hew-hewitt-associates-tops-expectations-on-lower-revenue/20442#comments</comments>
		<pubDate>Sun, 15 Nov 2009 00:23:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Management Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20442</guid>
		<description><![CDATA[Hewitt Associates Inc. (HEW) reported fourth quarter 2009 EPS of 68 cents per share, exceeding the Zacks Consensus Estimate of 63 cents per share. Revenue Revenue of $757.7 million was down 6.0% from $806.7 million reported in the year-ago quarter. This revenue decline may be attributed to lower revenue across all its segments, except the benefits outsourcing division. Excluding third party supplier revenue, $16.9 million of unfavorable foreign currency translation, $6.8 million contribution from an acquisition in the quarter and a $9.4 million contribution from the HR BPO business in the prior-year quarter, net revenue declined 4.0%. Revenue Segments The Benefits Outsourcing segment revenue for the quarter was $388.7 million, flat compared with $387.9 million in the prior-year quarter. Revenue was up 1% after adjusting for $2.3 million of unfavorable ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/14/hew-hewitt-associates-tops-expectations-on-lower-revenue/20442/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DNB) Dun &amp; Bradstreet Beats Estimates &#8211; Reaffirms Outlook</title>
		<link>http://www.stockbloghub.com/2009/11/01/dnb-dun-bradstreet-beats-estimates-reaffirms-outlook/19296</link>
		<comments>http://www.stockbloghub.com/2009/11/01/dnb-dun-bradstreet-beats-estimates-reaffirms-outlook/19296#comments</comments>
		<pubDate>Sun, 01 Nov 2009 21:17:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Information & Delivery Services]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[DNB]]></category>
		<category><![CDATA[Dun & Bradstreet Corporation]]></category>
		<category><![CDATA[EFX]]></category>
		<category><![CDATA[Equifax Inc.]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[IRM]]></category>
		<category><![CDATA[Iron Mountain Inc]]></category>
		<category><![CDATA[R.R. Donnelley & Sons Company]]></category>
		<category><![CDATA[RRD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19296</guid>
		<description><![CDATA[Dun &#38; Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal third-quarter earnings before non-core gains and one-time charges of $1.13 per share, beating the Zacks Consensus Estimate by a penny. EPS results increased one cent from the year-ago profit of $1.12 per share. Meanwhile, core revenues (excluding revenues of $10.2 million in the year-ago period associated with the domestic portion of Italian operations which have been divested) were $399 million in the quarter, flat with the year-ago period. Revenues were slightly above the Zacks Consensus estimate of $396.2 million. Including the impact of the divested business and the unfavorable impact of foreign exchange, total revenue decreased 2.5% to $399 million. Core revenues were positively impacted by Sales &#38; Marketing Solutions revenues (26.5% of total core revenue), which were up ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IRM) Iron Mountain Incorporated Remains Solid</title>
		<link>http://www.stockbloghub.com/2009/10/08/irm-iron-mountain-incorporated-remains-solid/17138</link>
		<comments>http://www.stockbloghub.com/2009/10/08/irm-iron-mountain-incorporated-remains-solid/17138#comments</comments>
		<pubDate>Thu, 08 Oct 2009 19:27:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[DNB]]></category>
		<category><![CDATA[Dun & Bradstreet Corporation]]></category>
		<category><![CDATA[EFX]]></category>
		<category><![CDATA[Equifax Inc.]]></category>
		<category><![CDATA[HEW]]></category>
		<category><![CDATA[Hewitt Associates Inc.]]></category>
		<category><![CDATA[IRM]]></category>
		<category><![CDATA[Iron Mountain Inc]]></category>
		<category><![CDATA[R.R. Donnelley & Sons Company]]></category>
		<category><![CDATA[RRD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17138</guid>
		<description><![CDATA[Guidance for 2009 Reaffirmed At the Investor Day yesterday, Iron Mountain Incorporated (IRM) reiterated its guidance for fiscal 2009. The company expects revenue in the range of $2.98 &#8211; $3.04 billion, representing growth of 3% to 5% from fiscal 2008, excluding the effects of foreign currency fluctuations and acquisitions. Operating income is expected in the range of $510 &#8211; $540 million and depreciation and amortization of approximately $320 million. Thus operating income before depreciation and amortization (OIBDA), excluding asset gains and losses, is expected to be in the range of $830 &#8211; $860 million, a growth of 10% to 14% from fiscal 2008. The company expects to incur a capital expenditure of $380 million for the full year (approximately 10.8% of revenue). Preliminary Guidance for 2010 Iron Mountain also provided ]]></description>
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