Carbonated Beverage | featured news

A person with knowledge of the situation who requested anonymity because she wasn't authorized to speak publicly says the company had considered importing versions of Diet Pepsi sold in other countries to the U.S. But now it's testing a new version that could come out next year.

Coke and Pepsi are chasing after the sweet spot: a soda with no calories, no artificial sweeteners and no funny aftertaste. The world's top soft drink companies hope that's the elusive trifecta that will silence health concerns about soda and reverse the decline in consumption of carbonated drinks. But such a formula could be years away.

Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market. The world's biggest beverage maker, whose brands include Minute Maid, Dasani and Powerade, has seen some of its biggest gains come from emerging markets as growth at home has slowed.

PepsiCo Inc.'s third-quarter profit rose 4 percent because of higher prices and strong sales of its snacks and beverages, especially overseas.

Global soft-drink seller PepsiCo said that top-line sales were hurt in the second quarter by consumers in developed markets who are cutting out carbonated beverages from their daily budgets.