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Parametric Technology Says Donald Grierson To Assume Chairman Role

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Parametric Technology Corp. (PMTC: Quote) said Tuesday that its Lead Independent Director, Donald Grierson, will assume the role of Chairman effective June 30, following the retirement of the company's Executive Chairman C. Richard Harrison.

Harrison has served as the company's Executive Chairman since 2010. He served as the company's CEO from 2000 to 2010. Before his appointment as CEO, Harrison spent six years as the company's president and chief operating officer.

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by RTT Staff Writer

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After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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