Reuters Business Week

Jun. 22 - U.S. markets were rocked this week as fear the turmoil in the subprime mortgage could be spreading to Wall Street stalwarts. Those fears offset jubilation surrounding the biggest inital public offering in five years, courtesy of private equity firm Blackstone Group.

*Yahoo CEO Terry Semel stepped down under pressure.

*General Electric and Pearson dropped their bid for Dow Jones.

*Business customers may not find iPhone appealing.

Speaker: Hugh Johnson, chief investment officer, Johnson Illington Advisors

Conway G. Gittnes reports from New York.

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