Big data software solutions and infrastructure provider, Sysorex Global Holdings Corp. (NASDAQ:SYRX) released that it has completed the purchase of substantially all the assets of LightMiner Systems, comprising all intellectual property associated to its high-speed database management system. Sysorex bought the big data analytics software platform and the two pending patent applications relating to it for approximately $3.78 million payable in Sysorex common stock to be issued one year from the closing date with the number of shares calculated based on a trailing 20-day volume weighted daily average price with a $2.00 minimum floor. In addition LightMiner Systems founder Chris Baskett will join Sysorex as Vice President of Engineering reporting to Sysorex CTO Craig Harper. Shares of Sysorex Global Holdings Corp. (NASDAQ:SYRX) traded at $2.34 by surging 11.96% with price volatility of 10.13% for a week and 18.18% for a month. Its beta stands at 2.69 times.
Sears Holdings Corporation (NASDAQ:SHLD) declared on Thursday that it has formed a JV with mall owner Macerich Co. in the newest such alliances among the struggling retailer and a mall operator. Sears, which has also declared a alike agreement with Simon Property Group Inc. and General Growth Properties Inc., declared that it has contributed nine properties to the venture. Sears will lease back the properties, which are located at Macerich MAC, +0.05% malls, from the joint venture. Sears Holdings Corporation (NASDAQ:SHLD) stock hit highest price at $40.32, beginning with a price of $38.97 and reported a gain of 2.17% to close at $39.94 with a day range of $38.82-$40.32.
Iridium Communications Inc. (NASDAQ:IRDM) released that its Q1 net income attributable to common stockholders of $17.16M or $0.17 per share, as compared to $14.79M or $0.19 per share in the same period previous year. Total revenue for the quarter declined 1 percent to $97.01 million from $98.03 million in the year-ago period. Analysts had a consensus revenue estimate of $101.21 million for the quarter. Iridium Communications Inc. (NASDAQ:IRDM) stock has highest price of $11.03 in last session, beginning with a price of $10.64 and reported a loss of -7.88% to close at $10.17 with a day range of $9.93-$11.03. The stock is going forward its 52-week low with 66.18% and moving down from its 52 week high price with -10.48%.