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 DJIA 12,490.3 +88 / S&P 500 1,387.2 +9.5 / NASDAQ 2,516 +35.6
 |  |  Today: Severe storms likely, heavy rain. High 82. Tonight: Storms continue, localized flooding. Low 68.
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|  Wednesday, June 4, 2008 |
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Baker & Daniels tries its hand in brutal Chicago
Baker & Daniels, one of Indianapolis' three largest law firms, has finally opened a Chicago office, years after its local rivals did so. Chicago is known as one of the most difficult markets in the nation to break into. Baker & Daniels announced this week that it lured seven lawyers from the midsize Chicago firm of Schuyler Roche in order to establish the office. Baker & Daniels Chairman and Chief Executive Partner Tom Froehle said the time was right because good lawyers were available and because turmoil in the Chicago legal community will make it easier to attract more. 
United Way unrestricted giving to hit record
United Way of Central Indiana will award more than $25 million in unrestricted giving to human care agencies this year, a new record based on generous giving in 2007. Despite a sluggish economy, the distribution is up $1.2 million from the previous year. United Way will start passing along the funds to 103 agencies in its six-county region on July 1. "In this tough economic climate, we know not every community has this kind of good news to deliver," CEO Ellen K. Annala said in a statement.
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|  | Bloomington telemarketing office closes
New Jersey-based DialAmerica Marketing Inc. has closed an office in Bloomington, displacing about 50 workers, most of whom were part time, according to The Herald-Times. One long-term employee told the Bloomington newspaper he thought business at the telemarketing firm had fallen off in recent months.
Allied Solutions buys Kansas City company
Carmel-based Allied Solutions LLC, which sells insurance, lending and market products to financial institutions, said yesterday it has acquired a similar company headquartered in Kansas City, Mo., for an undisclosed price. The Kansas City company, MJB Insurance Services Inc., operates in Kansas, Missouri and Nebraska.
Strong Subaru sales are good news for Lafayette
Subaru of America Inc. reported a 13-percent increase in sales of its vehicles in May, the company's largest single-month increase and an indication of stability for workers at a Lafayette plant where several of the lines are assembled. The Lafayette plant produces Outback and Legacy cars and the Tribeca sport-utility vehicle. While sales of the Legacy models increased 11 percent, sales of the Outback line declined 9 percent. Tribeca sales rose 4 percent, according to The Journal & Courier of Lafayette.
Genesco to distribute Finish Line shares
Footwear and accessories retailer Genesco Inc. said today it will distribute stock in The Finish Line Inc. to its shareholders as part of a settlement related to Finish Line's failed bid for the Nashville, Tenn.-based retailer. Genesco, which operates Journeys and other stores, will distribute 6.5 million Finish Line shares that it was issued in March. The shares stem from a settlement between the two companies reached after athletic shoe and apparel retailer Finish Line made a bid for Genesco, but later backed out of the deal.
Muncie mayor suggests privatizing firefighting
Muncie's mayor is considering privatizing fire protection services or using volunteers to supplement the fire department in an effort to make up for expected budget shortfalls. Mayor Sharon McShurley said the city stands to lose $7 million in tax revenue over 2009 and 2010 because of the property tax restructuring plan approved by state lawmakers this year. The plan will give homeowners and other taxpayers caps on their bills, but will mean less money for schools and local governments.
The man who improved improv
Looking back on the life of Second City's Paul Sills. Lou Harry's A&E
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Making companies say, 'I do'
A councilman is demanding more corporate citizenship. NewsTalk
Tale of the NBA pre-draft tape
Eric Gordon comes up short and stands tall. The Score
From IBJ staff - Compiled by Norm Heikens
Storms flatten Moscow in Rush County
Authorities say six people were injured overnight when severe storms hit the community of Moscow in Rush County southeast of Indianapolis. Residents were evacuated last night. The town is without power, and downed power lines and uprooted trees are proving problematic. A witness says only three or four houses are still standing The storm also destroyed a covered bridge and school. Both were considered historic landmarks. Fox 59 will have more at 10 p.m.
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| Shelby County residents displaced by storm
Witnesses say the sky turned blue as they watched funnel clouds form over Shelby County last night. Storms ripped through Middletown and Waldron, leaving residents to survey the damage. Police say at least 10 homes were damaged enough to displace their owners.
Storms don't deter Marines at Camp Atterbury
Marines at Camp Atterbury are optimistic they can continue their urban training, despite extensive tornado damage at the military camp in southern Johnson County. More than 2,300 Marines are gearing up for urban combat training exercises in and around Indianapolis. The training will involve a host of city situations, ranging from helicopter jumps to simulating combat scenarios in shopping malls and city parks. The mock battles will teach techniques designed to fight terrorism. The city of Indianapolis is offering up 26 public sites for training, which begins today and runs through June 19. Additional training sites include Columbus, Hope, North Vernon and Greensburg.
More retail for retail-heavy corridor
Seven months after locally based Maquina Realty bought and demolished the former Racquet Square Office Park at 4321 E. 82nd St., a second retail project is going up on the site. Jim Mosher, of Indianapolis-based JT Commercial LLC, and a partner are building a $4.5 million strip center on a portion of the 6.1 acres acquired by Maquina. No tenants have been signed, but Mosher expects to draw a variety of retail, including at least one restaurant. 
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