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Paul Cormier, formerly president of products and technologies at Red Hat, has been named president and CEO of the open source software provider. He succeeds Jim Whitehurst, who transitioned to new roles as chairman of Red Hat and president of its parent company, IBM (NYSE: IBM)....

Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates w...

Alan Thomas, formerly executive vice president of special projects at IntelliBridge, has been promoted to chief operating officer. He joined IntelliBridge in November 2019 from the General Services Administration, where he served as commissioner of the Federal Acquisition Service, the company said Monday....

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker ...