BRIEF-J C Penney reports Q4 adjusted earnings of $0.64/shr
* J C Penney reports positive net income for fiscal 2016; a $514 million increase compared to the prior year
NEW YORK Jan 11 Andrew Rowe, head of commodity hedge fund SandRidge Capital LP, is retiring and shutting down the fund after a year of positive returns, he said on Friday.
His fund, which has $320 million under management, returned 11 percent to its institutional clients last year, he said.
Most of the money will be returned to clients by the end of the first quarter.
"I'm going to sit back and hang out with my kids and play golf," he said. "Life is good."
SEOUL, Feb 24 Goldman Sachs and other shareholders said on Friday they had sold 100 percent of South Korea's second-largest producer of industrial gases to Asian private equity firm MBK Partners.
LONDON, Feb 24 The rise in world stocks this week to fresh all-time highs drew an eighth straight weekly inflow into equity funds, Bank of America Merrill Lynch said on Friday, while bond funds also chalked up their ninth straight weekly inflow.