IN BRIEF
TOKYO — Mazda stock dived nearly 7 percent today after the struggling carmaker said it will raise about $2 billion from selling new shares to invest in assembly plants and developing new vehicle technologies.
The Japanese company, which makes the Miata sports car, said in a statement it aims to have half of its vehicle production based overseas by early 2016 as part of plans to make its business more competitive.
Mazda’s earnings have been hurt by the yen’s sharp rise, the tsunami disaster last year in Japan, flooding in Thailand and the European debt crisis. Its shares closed down 6.8 percent at 37 yen in Tokyo.
Farmer can’t sell raw milk outside Pa.PHILADELPHIA — Federal officials have obtained a court order prohibiting a central Pennsylvania farmer from selling unpasteurized milk to out-of-state customersThe Food and Drug Administration announced Wednesday it obtained a permanent injunction against Daniel Allgyer and his Rainbow Acres Farm in Kinzers.The agency says raw milk can contain harmful bacteria. It can be legally sold within Pennsylvania, but not elsewhere.Allgyer argued that he was leasing his cows through a private organization to consumers in Washington, D.C.
