Articles

PROXY CORNER: KAR Auction Services Inc.

KAR Auction Services Inc. is the holding company for ADESA Inc., which operates used-vehicle auctions at 68 locations, Insurance Auto Auctions Inc., which operates salvage auctions at 161 locations, and Automotive Finance Corp., which provides floorplan financing at 104 locations.

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Women’s retailer plans $37M expansion, 242 jobs

New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.

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Locally based Synovia merging to create new company

Synovia and Everyday Solutions Inc. in Massachusetts are combining to form Synovia Solutions, which will be based in Indianapolis. Both companies provide GPS-driven products to help manage school transportation services.

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State’s unemployment rate rises to 8.3 percent

Indiana’s jobless rate rose to 8.3 percent in August from 8.2 percent in July despite the addition of 11,000 private-sector jobs, the state announced Friday morning. The state is questioning the calculation.

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