- $42 Billion US Bond Auction Receives Strong Demand
- GM's Agreement to Sell Saab Unit Falls Apart
- Consumer Confidence Improves but Still Shaky
- US Home Prices Up 5th Month, 2nd Straight Quarter
- FDIC Fund Falls into The Red, Bair Urges Lending
- Buyers Look for Bargains at Luxury Condo Auction
- Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Holiday Guide to This Season's Smartphones
- Novartis 'Cells' Its Flu Vaccine Technology
- Silicon Valley and Hollywood Now Fast Friends
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Busch: The Debt-Interest Rate Paradox
- The Lloyd's Prayer, Leggo My Eggo, Plate Hate & Your Emails
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- Behind The Scenes With Warren Buffett
- 'Why the American Consumer Will Keep on Buying No Matter What'
- On Assignment: Europe & Asia
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Buyers Look For Bargains At Luxury Condo Auction
- FDIC Fund Falls into The Red, Bair Urges Lending
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- Weak Dollar Is Golden for Mining Companies
- Behind The Scenes With Warren Buffett
- 10 Holiday Cocktail Recipes from Top Mixologists
Text Size 
NEW YORK, Oct 28 (Reuters) - Internet content delivery company Akamai Technologies Inc said on Wednesday it had begun an internal investigation after an unnamed executive was implicated in a massive insider trading scandal. Federal investigators have said an Akamai executive in 2008 passed on information regarding the company's earnings outlook, helping Galleon Technology Funds profit. No Akamai official has yet been named or charged in the case. Akamai Chief Executive Paul Sagan said the company has not been notified by law enforcement of any wrongdoing, and that it has offered assistance to authorities. "If we are able to determine that somebody in Akamai Technologies has done something wrong, we will take swift and appropriate action," he said on a conference call with analysts following the company's quarterly earnings announcement. Sagan said he learned about the allegations through news reports of the charges. Galleon founder Raj Rajaratnam and five others, including a senior executive from IBM, were charged in the case. (Reporting by Ritsuko Ando; Editing Bernard Orr) Keywords: INSIDERTRADING/AKAMAI (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- A diet high in fat and sugar might actually be good for your portfolio.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- Italians were outraged by a minister's comments that lunchbreaks are bad for waistlines and the economy.
- From the AIG&T to the Merrill Lychee, Jane Wells lists this year's holiday cocktails.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes