Shares of China Finance Online Co. (ADR) (NASDAQ: JRJC), a provider of vertically integrated financial services through web portals, software systems and mobile handsets, are surging in trading today after the company announced that it entered into an exclusive partnership with Baidu.com (ADR) (NASDAQ: BIDU) on mobile web application.
JRJC shares rose to an intra-day high of $1.73 in trading today. At last check, the stock was trading 21.49% higher at $1.47 on above average volume of 368,438.
Under the partnership, Stockstar.com, China Finance Online’s flagship portal site, and Baidu have introduced a mobile web application that integrates Stockstar’s proven financial information services with leading internet technology. The application enables users to access a range of information on companies traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Zhiwei Zhao, Chairman and CEO of China Finance Online, said that the partnership speaks volumes about JRJC’s leadership in financial information services and technologies.
General Motors announced their plan to reduce pension liability on June 1. The plan is set to reduce pension liability by an estimated 26 billion dollars, and offers select salaried U.S. retirees a lump-sum payment. Other retirees may continue to receive a monthly pension payment. Navigating these choices will be a complicated process and it is suggested that the advice of a competent financial advisor be obtained. To learn more about initial eligibility and the options of the General Motors (NYSE:GM) Pension Buyout plan visit http://www.gm-pension-buyout.com. A free white paper is also available at this site. The decision deadline is set for July 20, 2012.