September 14, 2017 / 11:26 PM / 10 months ago

PRESS DIGEST- Financial Times - Sept 15

Sept 15 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


Nestlé breaks into U.S. hipster coffee market with Blue Bottle deal


Volkswagen recalls vehicles in China over faulty airbags


GKN picks aerospace specialist as new chief executive



Nestle SA has bought a 68-percent stake for up to $500 million in California-based Blue Bottle Coffee, accelerating its expansion in the U.S. coffee market.

Volkswagen AG will recall 4.86 million vehicles sold in China due to problems with Takata Corp air bags, a blow to the carmaker in the world’s largest auto market. The recall will apply to both imported and Chinese-made vehicles sold as early as 2005.

GKN Plc has appointed Kevin Cummings, the head of its aerospace division, to succeed Nigel Stein as chief executive. Stein will retire in December after more than five years at the helm.

Compiled by Bengaluru newsroom; Editing by Sandra Maler

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