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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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Personal spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Friday, with the drop in spending accompanied by weaker than expected personal income growth. Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday.
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