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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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With traders seemingly reluctant to make any significant moves, stocks are showing a lack of direction in early trading on Thursday. The major averages are lingering near the unchanged line after ending the previous session firmly in the red. First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000. After ending the previous session sharply lower, stocks may see some further downside in early trading on Thursday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 31 points.
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