Short Take: KKR partner plans high-tech business lab

Henry Kravis, general partner of Kohlberg Kravis Roberts & Company, is expected to announce plans for a high-tech business lab, the first big investment of his New York Investment Fund, according to the New York Daily News. In association with Ericsson AB, a Swedish telecommunications company, Kravis will launch CyberLab East, to develop business-focused Internet technology.