American Chronicle – An investment professional from Greenwich with more than 20 years of experience is going out on his own by starting a Stamford-based advisory firm for small- to medium-size companies from here to

Texas.

Peter Schweinfurth, a former senior executive at Avenue Capital, a hedge fund based in New York City and London, recently launched Gulf + Eastern to offer restructuring, turnaround and mergers-and-acquisitions advice for small but growing family-owned firms focused on consumer products and the service sector.

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Tags: advisory firm, american chronicle, avenue-capital, greenwich, growing family, london, medium size companies, mergers and acquisitions, new-york-city, restructuring, service sector, turnaround

Forbes – Billionaire Carlos Slim Helu believes enough in The New York Times that he loaned it $250 million for an eventual 17% stake. The Forbes.com Investor Team says don’t copy him.

Last summer in the Turnaround Newsletter, George Putnam III called out the New York Times Co. as a big name that had been beaten down to the buying level. Along with such fallen giants as General Motors and Eastman Kodak, the newsletter editor recommended the media company at $12 a share. The stock has tanked since, down to just over $5.

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Tags: carlos slim helu, eastman kodak, forbes billionaire, general-motors, george putnam, giants, investor, new york times, new-york-times-co, newsletter editor, stake, stock, turnaround