ON THE MONEY

Poor Estee Lauder profit raises China fears

Estee Lauder gave a profit forecast that disappointed Wall Street and raised concerns about a potential slowdown in China, a market that has fueled its sales.

The red flags overshadowed big gains in sales of the company’s skin-care products, particularly the fanciest lines, at U.S. department stores that offset weakness in Europe.

For the current fourth quarter, Estee Lauder expects net sales to rise 10% to 11%.

Tilly’s IPO rides a wave of high trading

West Coast-inspired teen apparel seller Tilly’s jumped in its first day of trading after pricing above expectations for its initial public offering. Its shares rose more than 8% to $16.81 on its debut trading day.

Tilly’s priced 8 million shares at $15.50 each. It had expected a price between $11.50 and $13.50, according to a regulatory filing.

The retailer operates about 145 stores.

Sour jobs report keeps markets down

Wall Street rounded out a lackluster week on a sour note after Friday’s tepid jobs report heightened fears the economy is slowing.

The S&P 500 dropped 1.6% to 1,369, pulling it down 2.4% for the week and making for its worst week since December.

The Dow tumbled 168 points, or 1.2%, to 13,038 on Friday. The Nasdaq Composite fell almost 2.3% to 2,956, its worst one-day slide since November.

Treasury to sell AIG stock — and AIG’S buying

The Treasury Department said it has initiated a public offering of its common stock in AIG, the insurer the government bailed out in 2008 at the height of the financial crisis.

AIG has said it intends to buy up to $2 billion of the stock sold in the offering. A day earlier AIG said its quarterly profit more than doubled from a year earlier, exceeding expectations with the help of investment gains.

Dish Network to drop AMC Networks

Dish Network Corp., the second-largest U.S. satellite-tv provider, said it will drop AMC Networks channels including AMC, WE tv, IFC and Sundance from all packages, citing poor viewership. Dish said AMC is demanding a “high renewal cost when compared to their low viewership.”

AMC, which broadcasts shows such as “Mad Men” and “Breaking Bad,” said the move was in response to a setback in a 4-year-old breach-of-contract lawsuit — which Dish denied.