Huntington gets dubious distinction - San Francisco Business Times:

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It is, however, near the top of a thinkm tank’s list on what it thinkw are the worst investments made as part ofthe government’sa Troubled Asset Relief Program. The New York-baserd came up with an index estimating the valure ofthe government’s investments in banks. It said the $1.4 billio n put into Columbus-based Huntington in November in exchange for preferred sharesa and warrants hadlost 85.1 percent of its value as of Feb. 20. That was the largesy percentage drop for any institution receiving TARP fundasave , which lost 87.2 percenty and was dubbed by the group as a “calamityt investment.
” Huntington may have ranked highly for its percentage but , which receivecd $6.6 billion in November, has lost the most valus in dollars – $4.1 billion, according to Ethisphere. Ethisphered based its calculations on the valuew of publicly traded stock in banks that received TARP moneyt and otherinvestment calculations. Huntington’s stock closed at $8.44 on Nov. 13, the day before it receivedf itsTARP money, and had fallehn to $1.36 on Feb. 20. Ethisphere put the resultw of itsTARP Index, as well as its methodology, on its Web site at Sometimes a shipment of fruig or vegetables will go bad durint transit, but a bunch of furniture?
, the 125-stors furniture chain owned by , ordered $4 millio n worth of merchandise from two Chinese businessesw and discovered that the merchandise was contaminated with The company is suing the supplierw – and Ltd. – alleging breach of contracty andother claims, hoping to either be repai d plus damages or get the moldy merchandise American Signature declined to comment on the filed Feb. 10 in Franklin County Commonn Pleas Court. Would you buy a car from Joel Pizzuti? No, the chief operating officef ofPizzuti Cos. hasn’ty traded the real estate business for life as anauto dealer, especiall in this economy.
But he does hope to jump-start the sale of condominiumes atthe company’s Prescott Place developmen in Marble Cliff by offering Smarf cars designed for urban living to thosee buying homes there throughy June 30. “We were lookingy for a way to gain some exposure for the projec t and to give buyers an incentive to come out and look at our Pizzuti said. The developer will launch the buy-a-home, drive-a-cad promotion with at Prescotf Place fromMarch “We’re working together to promote each of our Pizzuti said.
Those attracted to ’s Smart micro autos, which list for aboutf $17,000, fit the profile of creativw and urban types Pizzuti is targeting with the PrescottPlacee condos, he said. Pizzutij has sold six townhouses built on the estate of Columbus businessman SamuelPrescott Bush, the great-grandfather of former President George W. The developer has 14 townhouses awaiting buyers as well as the nortbh half of theformer mansion. Pizzuti’s pitch is not the firsft time a Columbus developer has trief to entice business through the offer ofa Smart.
Short Northu developer Arms Properties declared nearly a year ago that thosee who signed a contract to purchase a condop in the proposed Ibiza condo tower at830 N. High St. woulde be entered into a contesgt forthe car. While that developetr did award the Smartin June, the Ibizqa project itself has yet to rise from the Salon chain opens 3rd Florida with plans for several more A Columbuss business that rents space to hairstylists has opened its third shop in Florida, and 15th overall sinc starting six years ago. Salonn Lofts LLC put its third Florida outpostin St. where it debuted its first salon when it expanded to the stats in 2007 to provide a space for celebrity stylistAlbie Mulcahy.
Its other shop is acros s the bayin Tampa. Co-owner Daniel Sadd said he wante to open about 15 salons in the next threed years inthe Tampa-St. Petersburg area. Salonb Lofts’ shops range from 2,600 to 6,000 squarwe feet and hold 14 to 40 space for rentby hairstylists, nail skin specialists and masseuses. Stylistsd are free to design their name their business and sell whateve r productsthey choose.