Financial Accounting

SHANGHAI, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider for hotel accommodations, airline tickets and packaged tours in China, today announced its unaudited financial results for the quarter ended March 31, 2008.

LOS ANGELES -- Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.

Rising loan delinquencies and falling home prices took an increasing toll on Freddie Mac during the first quarter, but accounting changes obscured the blow.

-- Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its ability to weather the housing bust.

Vertical Branding, Inc. (OTCBB:VBDG) announced today that, effective May 16, 2008, Daniel McCleerey will succeed Victor Brodsky as the Company's Chief Financial Officer. Mr. Brodsky is expected to remain with the Company on a transitional basis.

X-Rite, Incorporated (NASDAQ:XRIT) today announced that Lynn J. Lyall, who had served in the Chief Financial Officer (CFO) position since March of 2008, has left the company for personal reasons. X-Rite has named Dave Rawden as interim CFO and does not anticipate any disruptions in ongoing talks with lenders or investors. Dave has held a number of CFO positions in middle market public companies ...

GRAND RAPIDS, Mich.----X-Rite, Incorporated today announced that Lynn J. Lyall, who had served in the Chief Financial Officer position since March of 2008, has left the company for personal reasons.

TORONTO — Phony accounting explanations for purchases of Livent Inc. show tickets ended after a contractor involved in the alleged fraud complained about the scheme to Livent co-founder Myron Gottlieb, a Toronto court heard Tuesday.

MFIC Corporation (OTCBB: MFIC) today reported financial results for the quarter ended March 31, 2008. MFIC is an industry-leader in high-shear liquid processing equipment to produce the most uniform and smallest liquid and solid particles available for the biotech, pharmaceutical, chemical, personal care and food industries.

NEWTON, Mass.----MFIC Corporation today reported financial results for the quarter ended March 31, 2008. MFIC is an industry-leader in high-shear liquid processing equipment to produce the most uniform and smallest liquid and solid particles available for the biotech, pharmaceutical, chemical, personal care and food industries.