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Business

Business briefs

Slower China

China’s GDP slowed for the seventh straight quarter — expanding at 7.4 percent in the third period — while showing signs of a pickup in September.

Telus vote

Telus shareholders voted in favor of exchanging the telecom firm’s non-voting shares for common shares on a one-for-one basis, dealing a blow to stakeholder Mason Capital, which had argued voting-class holders should receive a premium.

Silk-y IPO

Dean Foods said the upcoming IPO for its WhiteWave Foods business, which sells Silk soy milk and Horizon Organic dairy products, should raise as much as $320 million.

Gupta plea

Prosecutors said ex-Goldman Sachs director Rajat Gupta should serve 10 years in prison for his part in a massive insider-trading scheme, while his lawyers asked for probation and “rigorous” community service.

AmEx up

American Express posted a third-quarter profit that matched analysts’ estimates. Net income climbed 1 percent to $1.25 billion, or $1.09 a share, from $1.24 billion, or $1.03, a year earlier.