Company to purchase outstanding stock Gen. William...

Company to purchase outstanding stock

Gen. William Lyon, controlling stockholder and shareholder of

William Lyon Homes Inc. announced Tuesday plans to purchase all

outstanding stock of the homebuilding firm at a price of $82 per

share. Lyon owns about 47.8% of the company, and 24.1% of the firm’s stock is held in trusts in which Lyon’s son William H. Lyon is the

sole beneficiary, according to a press release.

William Lyon Homes is based in Newport Beach and builds homes in

California, Arizona and Nevada. The company on Tuesday announced a

shareholders’ meeting initially scheduled for May 9 had been

postponed.

Professor: Choosing cell phone a gamble

If you think choosing a cell phone company is a gamble, you may be

right. Peter Navarro, a professor at the Paul Merage School of

Business at UC Irvine published an article in the Journal of Policy

Analysis & Management, in which he argued customers have better odds

winning roulette than getting the cell phone deal they need.

In the paper, Navarro argued cell phone customers are at a

disadvantage since phone companies are not required to disclose areas

where dropped calls and busy networks are common. He went on to write

that different companies have different problem areas, and different

customers use their phones in different places.

Navarro wrote that Congress should consider legislation sponsored

by Democratic Sens. Barbara Boxer of California and Charles Schumer

of New York that would allow the Federal Communications Commission to

publish information on cell phone signal strength.