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Order Reprints Text size Coal could gain share despite losing its greatest political champion—President Trump. George Frey/Getty Images Coal has been steadily dropping as a source of U.S. electricity generation over the past two decades. After peaking in 1998, the amount of coal produced in the country had fallen by 40% by 2019, and it dropped even more in 2020. But the next two years could see a reversal. The U.S. government now expects coal to rise from 20% of elect...

VMware, Pat Gelsinger, effective Feb. 15. Since Swan took over in 2019, Intel has divested from non-core assets while making acquisitions that strengthened its core business. But as Barron’s notes, “Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise.” Gelsinger, on the other hand, is a prominent technical expert in the chip industry. He’s a trained engineer who has written...

J&J Opposes Former Talc Supplier’s Bankruptcy Plan to Resolve Cancer Claims Johnson & Johnson says Imerys Talc America let people with talc claims dictate their damages Johnson & Johnson objects to the bankruptcy plan of Imerys Talc America, a former supplier of talc for Johnson’s Baby Powder. Photo: lucas jackson/Reuters By Jan. 12, 2021 8:05 pm ET Imerys SA is pressing ahead in an effort to get out from under lawsuits over its U.S. minin...

Intel Ousts CEO Bob Swan VMware chief Pat Gelsinger named as successor after hedge fund Third Point called for sweeping change at the semiconductor giant The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal By Updated Jan. 1...

Updated Jan. 13, 2021 4:19 pm ET Intel Corp. has returned to form with its new boss. But in many other ways, there may be no going back for the storied chip maker. Intel announced Wednesday that Pat Gelsinger will take over the chief executive’s reins from Bob Swan, who’s effectively held the position for just two and a half years. That’s the shortest run of any Intel chief—about half the time of his immediate predecessor who was booted from the company following t...

Intel had snatched away VMware CEO Pat Gelsinger to replace Bob Swan and fix the troubled chip giant is weighing heavily on shares of both VMware and Dell Technologies, which has an 80.6% stake in the company. Last year, Dell (ticker: DELL) confirmed press reports that it was considering spinning off its VMware stake to current Dell holders. In such a transaction, VMware (VMW) would likely pay a large cash dividend back to Dell that the PC maker would then use to reduce i...

But Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise. He may have been given the CEO job, but it should have been clear from the outset he was never going to carry the company for the length of time of some of his predecessors. Under Swan’s leadership, Barron’s took a positive view of Intel stock in November, arguing that despite its troubles, the company would rise again. Wednesday’s decision ...

Order Reprints Text size Even banks that aren’t part of the merger bonanza can expect to see positive effects from a wave of consolidation. Dreamstime After a relatively dormant 2020, Wall Street expects a surge of bank mergers this year. The economic impact of the coronavirus pandemic dampened much of the expected merger activity for 2020—even as it served to intensify the rationale for why banks should combine. Last year, amid the worry over low interest rates and ...

You can never have enough predictions. That seems to be the view of Jefferies analyst Brent Thill. As noted in a previous article, Thill on Monday issued a list of his top internet stock picks—and some forecasts for 2021. In a separate mammoth research note—this time close to 200 pages—Thill provides an outlook on the other half of his coverage universe, enterprise application, infrastructure and security stocks. That group had a spectacular year in 2020, generating returns that will be t...

Analysts say cyber-security stocks’ gains can continue. Dreamstime Security stocks had a huge run in 2020, with an extra boost from the end-of-the-year revelation of the “Sunburst” hack attack on software company SolarWinds that left almost 18,000 of their customers vulnerable. Analysts see further gains ahead in 2021, as the attack drives some companies to prioritize spending on detection, preventing and addressing cyber-security issues. Wall Street has been ratcheting up ...