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Petraeus will work for investment firm

Updated: 2013-05-31T00:11:56Z

New orders

Retired Army general David Petraeus, the 60-year-old former Central Intelligence Agency director who resigned in a sex scandal, is going to work for the investment firm Kohlberg Kravis Roberts & Co.

Petraeus, who left the CIA after having an extramarital affair, will serve as chairman of the New York firm’s new KKR Global Institute, which will support its investment teams and portfolio companies when studying new investments, especially in new locations. Petraeus has a doctorate from Princeton University.

Buy a paper, mister?

Warren Buffett’s Berkshire Hathaway is adding The Roanoke Times in Virginia to its growing group of small and medium-size newspapers.

Berkshire said it will acquire the Times from Landmark Media Enterprises on Friday. It will be Berkshire’s 30th daily newspaper.

The financial terms were not disclosed. Buffett this month told shareholders Berkshire should earn returns around 10 percent on the newspapers because it is buying them at such cheap prices.

Dispute laid to rest

The death of 94-year-old Springfield, Mo., hotel magnate and philanthropist John Q. Hammons brings to a close a two-year legal battle over his care. A group of eight close friends sued in March 2011 over concerns about Hammons’ declining health. They worried that he had been isolated in a nursing home and denied visitors by Jacqueline Dowdy, the Hammons confidant who is now CEO of the company that bears his name. A Greene County judge appointed a legal guardian and closed the case from public view.

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