PepsiCo is facing a possible payout of US$1.26 billion (A$1.4b) after not responding to a lawsuit earlier this year. Two men, who claim PepsiCo took their idea for bottled water, won the judgment after...

PepsiCo’s Aquafina, America’s highest selling brand of bottled water, is launching the lightest half-litre bottle of any nationally distributed bottled water brand in the market, according...