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Kinder says he's looking for other pipeline partnerships to buy, and Kinder Morgan is expanding into terminals that handle coal and other dry bulk materials, hoping to capitalize on long-term trends such as the shift by electric utilities away from Appalachian coal toward cleaner- burning western coal.
FORBES: Sweet consolation
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The Free Press reports that GM made a similar shift of engineering staff that was working on development of gas-electric hybrid technology in 2003.
CNN: GM takes step toward fuel-cell car
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General Electric booked a stronger-than-expected fourth-quarter profit, propelled by its new shift into oil and gas equipment.
FORBES: GE: New Focus On Oil And Gas Powered Rising Q4 Profit