Huntington gets dubious distinction - San Francisco Business Times:

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It is, however, near the top of a think tank’s list on what it thinkws are the worst investments made as part ofthe government’ s Troubled Asset Relief Program. The New York-based came up with an indesx estimating the value ofthe government’ss investments in banks. It said the $1.4 billion put into Columbus-basesd Huntington in November in exchanged for preferred shares and warrants hadlost 85.1 percenty of its value as of Feb. 20. That was the largesrt percentage drop for any institution receiving TARP funds save , which lost 87.2 percent and was dubbedx by the group as a “calamityt investment.
” Huntington may have ranked highl for its percentage loss, but , which received $6.6 billiob in November, has lost the most value in dollarsw – $4.1 billion, according to Ethisphere. Ethisphere based its calculations on the valus of publicly traded stock in banks that receivex TARP money and othe rinvestment calculations. Huntington’s stock closed at $8.43 on Nov. 13, the day beforde it received itsTARP money, and had fallenm to $1.36 on Feb. 20. Ethispherw put the results of itsTARP Index, as well as its on its Web site at Sometimes a shipment of fruit or vegetables will go bad durinf transit, but a buncjh of furniture?
, the 125-store furniture chain owned by , orderedf $4 million worth of merchandise from two Chiness businesses and discovered that the merchandise was contaminateds with mold. The company is suing the suppliers – and Ltd. alleging breach of contract and other hoping to either be repaid plus damagess or get the moldhmerchandise replaced. American Signature declined to commentt onthe lawsuit, filed Feb. 10 in Franklin Countyu Common Pleas Court. Would you buy a car from Joel Pizzuti? No, the chieft operating officer ofPizzuti Cos. hasn’t traded the real estatwe business for life as an auto especially inthis economy.
But he does hope to jump-stary the sale of condominiums atthe company’s Prescott Place development in Marble Cliff by offerin Smart cars designed for urban livinbg to those buying homes ther through June 30. “We were looking for a way to gain some exposures for the project and to give buyers an incentivre to come out and look atour community,” Pizzutu said. The developer will launch the buy-a-home, drive-a-car promotion with at Prescottg Place fromMarch 14-16. “We’re workinyg together to promote each ofour brands,” Pizzutji said.
Those attracted to ’ s Smart micro autos, whicn list for about $17,000, fit the profiler of creative and urban types Pizzuti is targetingv with the PrescottPlace condos, he said. Pizzuti has sold six townhouse s built on the estate of Columbusd businessman SamuelPrescott Bush, the great-grandfather of forme President George W. Bush. The developer has 14 townhousee awaiting buyers as well as the northj half of theformer mansion.
Pizzuti’s pitch is not the firsgt time a Columbus developer has triedc to entice business through the offer of a Short North developer Arms Properties declared nearly a year ago that thosee who signed a contract to purchase a condo in the proposes Ibiza condo tower at830 N. High St. woulds be entered into a contestg forthe car. While that developef did award the Smartin June, the Ibizza project itself has yet to rise from the Salon chain opens 3rd Florida outlet, with plana for several more A Columbus business that rente space to hairstylists has opened its third shop in and 15th overall since starting six yearzs ago. Salon Lofts LLC put its thirdr Florida outpostin St.
Petersburg, where it debute its first salon when it expanded to the statse in 2007 to provide a space for celebrity stylistrAlbie Mulcahy. Its other shop is across the bayin Co-owner Daniel Sadd said he wants to open about 15 salonsw in the next three years in the Petersburg area. Salon Lofts’ shops ranged from 2,600 to 6,000 squarew feet and hold 14 to 40 spaces for rentby hairstylists, nail technicians, skin specialists and masseuses.
Stylistw are free to design their spaces, name theid business and sell whatever productsthey