The Macy’s Rumor

“People familiar with the matter” are suggesting that not only is iconic US retailer Macy’s in the sights of Amazon, but it has already turned down an offer of $38 a share. This compares to around $24 currently and a market capitalization of $7bn. Given that an independent valuation by Starboard Capital has placed a price tag of $21bn on the real estate portfolio alone, then Amazon should be offering close to $70 a share – where the stock price was around 3 years ago.

A Lightning Deal
Therefore we are looking at a situation which even as it stands should get investors excited as far as Macy’s is concerned, with or without what is clearly an opportunistic offer turned down. Clearly, Amazon is quite expert in “Lightning Deals” and is having a go at snapping up a bargain.
However, there are other aspects to note. Very often in a M&A situation, those who get involved can be left high and dry if the rumour – and $38 a share from Amazon is merely that, proves to be unfounded. But in this case, we have the cushion of a dividend yield on Macy’s of 6% plus, and a charting setup, which appears to be something of a coiled spring for the bulls.

What can be seen on the daily chart of Macy’s is the way that we stock falling within a triangle formation which has its resistance line level with the 50 day moving average. A break of the 50 day line as soon as today at $24 could lead to quite a sharp spike for the shares to the 200 day moving average at $32.

This is a stock which can gap up and down quite significantly. Therefore, if $24 is broken we could see a coiled spring type effect, possibly off the back of Amazon takeover rumours.
To conclude it would appear that you do not have to be Jeff Bezos, or even Warren Buffett to realize that Macy’s is a great real estate company, undermined by its retailing sideline, at least in valuation terms.

But given the bargain basement price currently, value investors, and M&A speculators are likely to be sniffing around here at this sitting duck very soon. Private equity and especially the Chinese, with their new love for retail are likely to enter the fray. This is particularly given the way that private equity love assets like Macy’s has, and have raised billions for this purpose. The Chinese have Government backed banks who support such deals.

Wednesday’s announcement from Volvo that it will only build new cars with some degree of electrification beginning in 2019 grabbed a lot of headlines. While Volvo is not counted among the largest automakers, it is a well-established brand with a long track record of innovation.

On Thursday, Bloomberg New Energy Finance (BNEF) released its latest long-term forecast for the electric vehicle (EV) marketplace. The analysts are forecasting that sales of light-duty vehicles (passenger cars, pickups, and SUV/crossovers) will rise from around 1% in 2016 to 54% of all vehicle sales by 2040. By that time, one-third of the entire global fleet will be electrified.

BNEF attributes the projected soaring growth to rapidly falling battery costs and increased commitments from carmakers like Volvo. The analysts expect sales of EVs to remain relatively low until 2025 and then reach an inflection point between 2025 and 2030 as EVs “become economical on an unsubsidized total cost of ownership basis across mass-market vehicle classes.”

There are five underlying factors that will drive this growth, according to BNEF:

Short-term regulatory support in key markets like the United States, Europe and China
Falling lithium-ion battery prices
Increased EV commitments from automakers
Growing consumer acceptance, driven by competitively priced EVs across all vehicle classes
The growing role of car sharing, ride-hailing and autonomous driving (termed “intelligent mobility” in the study)
China, the United States and Europe are expected to comprise about 60% of the global market for EVs by 2040 due to “strong regulatory support” in the period between 2015 and 2025 that will boost consumer demand.

Until 2025, BNEF expects plug-in hybrid vehicles (PHEVs) to play a significant role in EV adoption. After 2025, battery-powered EVs (BEVs) like the Chevy Bolt and the Tesla vehicles are forecast to account for the “vast majority” of EV sales. The reason for the shift is down to the simpler and cheaper BEV platform with its lower cost and less complex powertrain.

Regarding demand for fossil fuel the report notes:
Fossil fuel demand will be displaced by the growing fleet of EVs. We project 34% of cars on the road will be EVs by 2040 – 530 million EVs in total – which will displace up to 8 [million] barrels of transportation fuel per day.U.S. drivers currently consume between 9.0 million and 9.5 million barrels a day of gasoline, about two-thirds of the total input of crude oil to U.S. refineries. A global demand reduction of 8 million barrels a day is a huge cut to global demand for fossil fuel.

The other side of that coin is a rise in electricity consumption to 5% of global power consumption by 2040.BNEF also notes that the global charging infrastructure, while growing, needs to grow faster. Lack of an adequate home charging infrastructure “will be a barrier to adoption and will restrict EV sales from reaching 100%.”

Finally, the analysts see autonomous (self-driving) vehicles as having only a limited impact over the next decade. The good news for EV makers is that 80% of all autonomous vehicles in shared applications like ride-hailing and car sharing will be electric by 2040.

Daniel Cullinane CPA

2500 Plaza 5 25th fl  Jersey City NJ 07311                                                          phone 732-516-1648  fax 732-516-9778

                 MBA TAXATION                                                                                                         

​JULY NEWSLETTER 2

​STREAMING LEADER

​The first half has come and gone, and it was another solid six months for stock investors. Every sector in the S&P 500 was up for the first half, with health care up 16% and technology up 14%, leading the way. One sector that definitely took it on the chin was energy, which was down 13%, and with good reason. Despite the OPEC and Russian production cuts, U.S. shale producers, particularly in the Permian Basin, continued to crank out supply.

With crude oil bouncing off the lows in the $42 a barrel range, and pushing back to $46.75 this week, that may portend more than just short covering. The rig count is dropping, and the heavy summer driving season is now in full swing. While taking big swings in energy may not be advisable, buying some of the large cap industry leaders may be.

We screened the Merrill Lynch energy research database and found four great stocks to add now rated Buy.

Chevron

This integrated giant is a safer way for investors looking to stay or get long the energy sector, and it has big Permian Basin exposure. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals.The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas (LNG). Some on Wall Street estimate the company will have a compound annual growth rate of over 5% for the next five years.The company reported solid earnings for the first quarter, and the Jefferies analysts have noted that the Permian Basin remains a key source of capital flexibility, and it is a key issue behind their relative preference for Chevron versus some of the other majors.Chevron shareholders are paid an outstanding 4.06% dividend. The Merrill Lynch price target on the stock is $120, and the Wall Street consensus price objective is $121.39. The stock closed Monday at $106.30 a share.





































Exxon Mobil

The world’s largest international integrated oil and gas company remains a top Wall Street energy pick. Exxon Mobil Corp. (NYSE: XOM) explores for and produces crude oil and natural gas in the United States, Canada, South America, Europe, Africa, Asia, Australia and Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products, and it transports and sells crude oil, natural gas, and petroleum products.The company posted solid first-quarter results, and Merrill Lynch recently raised the stock back to a Buy rating, as the analyst feels it is an outstanding place for investors to put money, and Exxon is the firm’s top major idea now. The analysts also cite the ability of the company to maintain and cover the cash dividend with lower oil prices as a key positive.With gasoline prices the lowest they have been in some time, motorists are expected to hit the nation’s highways in record numbers this year for the long holiday weekend. The stock is an excellent buy for investors looking to add energy to their portfolio but leery of the recent weakness in the sector.Exxon shareholders are paid a 3.75% dividend. Merrill Lynch has a $100 price target for the shares, and the consensus target is $87.04. The stock closed most recently at $82.10 per share.


​Energy Transfer Partners

This company merged with Sunoco Logistics Partners last year. Energy Transfer Partners L.P. (NYSE: ETP) engages in the natural gas midstream and intrastate transportation and storage businesses in the United States.The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, and through ET fuel system and HPL system. It owns and operates 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates approximately 12,300 miles of interstate natural gas pipeline; and has interests in various natural gas pipelines.The Midstream segment gathers, compresses, treats, blends, processes and markets natural gas. It owns and operates 35,000 miles of in service natural gas, 31 natural gas processing plants, 21 natural gas treating facilities and four natural gas conditioning facilities.Energy Transfer unitholders receive a massive 10.3% distribution. The $28 Merrill Lynch price target is less than the posted consensus target of $29.57. The shares closed Monday at $20.82.

Halliburton

This company is still down almost 25% from highs printed last January. Halliburton Co. (NYSE: HAL) is one of the world’s largest providers of products and services to the energy industry. It serves the upstream oil and gas industry throughout the life cycle of the reservoir, from locating hydrocarbons and managing geological data to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.Halliburton is the second-largest provider of oil services and the number one player in pressure pumping services worldwide. For investors looking for an oilfield services company to add, this is arguably the best, and analysts feel it will be a huge benefactor as the frac market has tightened significantly and prices are 20% to 30% off the lows.Halliburton shareholders are paid a 1.65% dividend. The Merrill Lynch price target is $48, while the consensus target is up at $59.52. The shares closed Monday at $43.72.

Valero Energy

This is a Wall Street and Merrill Lynch favorite. Valero Energy Corp. (NYSE: VLO) is the largest independent petroleum refining and marketing company in the United States. It is based out of San Antonio, owns 13 refineries in the United States, Canada and Europe, and has total throughput capacity of around 2.5 million barrels per day.The stock has traded sideways since December, and with oil looking to trade higher and the busy summer driving season just around the corner, this may be an excellent play for growth and income portfolios.
Investors in Valero are paid a 4.17% dividend. The Merrill Lynch price target is a whopping $86. The consensus target is $74.17, and shares closed most recently at $68.02.


 Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device. Most of the people losing their jobs work in sales and are located outside the U.S. The Redmond, Washington, company confirmed that it began sending the layoff notices Thursday, July 6, 2017, but declined to provide further specifics except that thousands of sales jobs will be cut. Microsoft employs about 121,500 people worldwide.— Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device.

Most of the people losing their jobs work in sales and are located outside the U.S. The Redmond, Washington, company confirmed that it began sending the layoff notices Thursday, but declined to provide further specifics except that thousands of sales jobs will be cut.Like all companies, we evaluate our business on a regular basis," Microsoft said in a statement. "This can result in increased investment in some places and, from time-to-time, re-deployment in others."Microsoft Corp. employs about 121,500 people worldwide. Nearly 71,600 of them work in the U.S., with the remainder elsewhere.

The job cuts are part of Microsoft's shift away from its traditional approach of licensing its Office software and other programs for a one-time fee tied to a single computer. The company is now concentrating on selling recurring subscriptions for software accessible on multiple devices, a rapidly growing trend known as "cloud computing."

That part of Microsoft's operations has been playing an increasingly important role, especially among corporate and government customers, since Satya Nadella replaced Steve Ballmer as the company's CEO in 2014.

Microsoft's "commercial cloud" segment is on a pace to generate about $15 billion in annual revenue. More than 26 million consumers subscribe to Microsoft's Office 365 service that includes its Word, Excel and other popular programs. That number has more than doubled in the past two years.

Meanwhile, revenue from licensing of Microsoft's Windows operating system has been increasing by 5 percent or less in the past three quarters.

​DISASTER

SUFFERS TWO SETBACKS

For the second time in two days, entrepreneur Elon Musk's SpceX was forced to scrub blastoff of a large commercial communications satellite, when an automated system aborted the launch within seconds of liftoff. Monday's mission for Intelsat was slated to follow a pair of trouble free launches that occurred over roughly 48 hours less than two weeks ago. Company supporters said the successes pointed to increasing operational proficiency and an accelerating launch tempo that SpaceX's commercial and US government customers had long wanted to see. A previous launch attempt was aborted on Sunday, also 10 seconds before liftoff, when the same automated safety alert system detected some problems with the Falcon 9's navigation or flight control system.s


On Monday, the closely held Southern California company ended its webcast without providing anyu details on the reason for the aborted launch. Neither the satellite nor the rocket appeared to be damaged, but industry reaction to the twin aborts will depend partly on the explanation SpaceX officials provide The nearly 15,000 pound satelite, believed to be the heavest payload SpaceX has ever tried to launch, requires the full thrust and all of the fuel loaded on board SpaceX's Falcon 9 rocket to rech its desired orbit. So in this case, there were no plans to bring back the main part fo the rocket a procedure that requires fuel Reusing rockets and even unmannned cargo capsules has now become part of SpaceX's everyday operations with commercial customers lining up to put satalites on top of what the company calls " flight tested" main stages.  Pentagon officials also are talking more favorable about the prospect of contracting to put national security payloads on top of reused rockets

​ENERGY STOCKS

​NEW iPHONE

TESLA MISSES CRASH TEST

LAYING OFF THOUSANDS

Three out of four U.S. households that view streaming video content watch Netflix Inc. (NASDAQ: NFLX). In the half of households that use only one streaming app, that one app is Netflix. Alphabet Inc.’s (NASDAQ: GOOGL) YouTube garners 25% of households that use only a single app.

In terms of penetration, Netflix is available in 40% of Wi-Fi-equipped households, with YouTube running in second place with about 30% penetration. Amazon.com Inc.’s (NASDAQ: AMZN) Amazon Video is used in about 18% of Wi-Fi households and Hulu in about 12%. Hulu is jointly owned by media giants Walt Disney Co. (NYSE: DIS), Comcast Corp. (NASDAQ: CMCSA), Twenty-First Century Fox Inc. (NASDAQ: FOXA) and Time Warner Inc. (NYSE: TWX).

The data were reported Thursday by comScore in its latest State of OTT (over-the-top) report. According to comScore, 51 million U.S. households viewed OTT programming in April 2017, and OTT programming reaches 54% of U.S. homes with Wi-Fi. The average home viewed 49 hours of OTT programming in the month, and those viewing hours were spread across an average of 15 days.The most popular devices for delivering OTT programming are streaming sticks (like Google’s Chromecast and Amazon’s FireTV) and set-top boxes (like Roku or Apple TV). Some 38 million U.S. households use streaming sticks and boxes, and nearly three-quarters use these devices to stream OTT content.

A total of 28 million U.S. households own smart TVs and of those, 63% of households used their smart TVs to stream OTT content.The four most popular streaming sticks/boxes are Roku, with a penetration of 16% of all U.S. Wi-Fi-equipped households, Amazon’s FireTV with 14% penetration, Chromecast with 8% penetration and Apple Inc.’s (NASDAQ: AAPL) Apple TV with 6% penetration.Samsung claims 33% of the smart TV market among Wi-Fi-enabled households, and Vizio claims 30% penetration. LG (10%), Sony (7%) and Alcatel (5%) round out the top five smart TV suppliers.

More than a third (34%) of the OTT viewing audience does not subscribe to pay TV, and half of that total does not even use an antenna to snag local broadcast TV. Of the other two-thirds of OTT viewers, 44% subscribe to cable and 22% subscribe to satellite pay TV.

In streaming only households, Hulu tops Netflix in viewing hours per month, 36.8 hours to 35.6 hours. Among cord-cutter households, Netflix gets 38 monthly OTT viewing hours to Hulu’s 36. Among cord-never households, Netflix gets 35 monthly viewing hours to Hulu’s 32. YouTube and Amazon trail by significant margins in both categories.

​ELECTRIC CARS

LOOKING AT MACY'S



The pixels are barely cool from speculation about Apple Inc.’s (NASDAQ: AAPL) so-called iPhone 8 feature list and already we have our first leak of what to expect in the 2018 version of the popular smartphone.

An exclusive story posted Wednesday night at Asia.Nikkei.com cites industry sources who say Apple is looking to release three new iPhone models next year and that all three will use organic light-emitting diode (OLED) display screens. Apple, of course, remains mum.

An OLED display is expected to make its debut on this year’s top-of-the-line iPhone, with the display screen covering the entire front of the device, and including a virtual Home button. Provided that reported problems can be overcome, the iPhone 8 may also include a Touch ID scanner embedded in the display screen. Minor upgrades to the iPhone 7 and iPhone 7 Plus are also expected, but the flagship iPhone 8 is getting all the attention.

According to long-time Apple analyst Ming-Chi Kuo, in addition to three new iPhones, including one with an OLED display (minus the fingerprint recognition feature), we can expect the following features this year:

3D sensing for facial recognition & improved selfie quality on the iPhone 8
Increased memory capacity of 3GB for dual-camera devices, and 2GB DRAM for single camera iPhones
Storage options of 64GB and 256GB on all three devices
New models will include a Lightning port and an embedded USB-C power delivery chip for higher charging efficiency
Improved output power for the iPhone 8 receiver and speaker to create better stereo effects
Fewer color choices for the iPhone 8 than on other new models
Product introductions will occur in September but that the OLED-based iPhone 8 won’t be launched until October with a product ramp running into November and OLED supply constraints into the first half of 2018

Most important, Ming-Chi Kuo forecast shipments of the three new models in 2017 will be 80 million to 85 million units, equally split between iPhone 8 and the two iPhone 7 versions. Taipei-based Yuanta Investment Consulting expects iPhone sales of 90 million in the second half of 2017. Half of those are forecast to be iPhone 8.

Ironically, perhaps, Apple’s chief rival, Samsung, will make the OLED displays for Apple’s newest phones. The Korean firm sold its first OLED-based phone in 2010.​

Daniel Cullinane CPA

25 Plaza 5 25th fl Jersey City NJ                                          phone 732-516-1648 fax 732-516-9778

MBA Taxation

Copyright ©​ Daniel Cullinane CPA.

​EXPANDS TO WIFI

​CNN’s thinly veiled threat against an as-of-yet private citizen for criticizing the network in an internet meme is one of the more bizarre and arguably puerile moves a large media organization has made in recent memory. Never mind the moral issues behind conditionally revealing the identity of a meme-creator CNN finds objectionable. From a pure business perspective, this was a severe miscalculation. CNN obviously wanted to silence criticism against it, and now anti-CNN memes are coming out of the internet woodwork overnight in response to CNN’s ham-handed move.

This whole controversy couldn’t have come at a more awkward time, given the proposed takeover of CNN parent company Time Warner Inc. (NYSE: TWX) by AT&T Inc. (NYSE: T). The question used to be: Will president of CNN Jeff Zucker survive a merger? The question now is whether CNN itself will be a part of the deal between the two corporate giants? The answer is not so clear.

According to Pew Research, CNN took in about $1.2 billion in revenues in 2016. That’s just 10% of Time Warner’s Turner segment revenues, and just over 4% of Time Warner’s 2016 entire top line. A merger with AT&T would put that number at an even lower 0.6% of total revenues for the merged entity, considering AT&T’s 2016 revenues. Is 0.6% of what would be the combined entity’s top line worth it for the liability of taking in a brand that is now under constant attack on the internet?

If AT&T takes CNN under its wing, it could be exposing itself to the internet PR attack now being levied against the news organization. Of course the internet backlash may calm down by the time a deal goes through, but even so, acquiring CNN and its miniscule revenues relative to the merged company may not be worth the risk for AT&T, especially while the Trump administration, CNN’s avowed enemy, remains in office. Consider that CNN was already coming under attack, and still is, by James O’Keefe’s Project Veritas, which has been releasing new undercover video every few days now of CNN executives and talking heads making embarrassing statements about what goes on behind closed doors.

While it may not be over for CNN entirely, and the news agency can still recover, it may not end up being part of the merger deal. AT&T may demand that Turner jettison CNN before the $85 billion merger takes place. That would put CNN on its own, for better or for worse, but also put AT&T in a much safer position for its consumer-oriented businesses as not subject to attack from those seeking vigilante online vengeance

Tesla Inc. (NASDAQ: TSLA) has raised expectations to such a level that when the electric car maker fails to receive the highest safety rating for one of its models, the news is perceived as a setback for the company. That was the case this week when Tesla’s Model S missed the top safety rating from the Insurance Institute for Highway Safety (IIHS) in a crucial crash test for one of its models.

The Tesla Model S had earned an “acceptable” rating in the small overlap front test in an earlier appraisal of the vehicle by IIHS, a nonprofit organization funded by auto insurers. It was the only one of five categories in which Tesla failed to receive a “good’’ rating from IIHS. The overlap test simulates the type of crash that occurs when the front driver-side corner of a vehicle hits a tree or utility pole or collides with another vehicle.

The main problem with the performance of the Model S at the time, according to the IIHS, was that the safety belt allowed the dummy’s torso to move too far forward, which allowed the dummy’s head to strike the steering wheel hard through the airbag. In real life, this could have caused head and lower right leg injuries.Since the previous test earlier this year, Tesla made changes to the safety belt with the intent of reducing the dummy’s forward movement. However, when the IIHS tested the modified Model S, the same problem occurred, and the rating did not change.

The Lincoln Continental, the Mercedes-Benz E-Class, and the Toyota Avalon came out on top of a group of six large cars recently evaluated by Arlington, Virginia-based IIHS.Barely a month ago, Palo Alto, California-based Tesla was basking in the news that its 2017 Tesla Model X had been awarded a five-star crash safety ratings in every category from the National Highway Traffic Safety Administration, the first SUV to achieve this.

In a statement to CNBC, a Tesla representative alluded to possible subjective motivations by IIHS, while touting the ratings the Model S and Model X received from the National Highway Traffic Safety Administration.Tesla’s momentum has downshifted in recent weeks. Production of its cars was short of analyst consensus in its most recently released quarter. Goldman Sachs questioned the strength of Tesla’s business model and warned the stock could plunge.

The slideshow uses data from the IIHS, a nonprofit research organization funded by auto insurers. The IIHS measured over 200 vehicles — 2014 models or equivalent — between 2012 and 2015. Only vehicles with at least 100,000 registered vehicles between 2012-2015 were considered. Year to date sales figures were obtained from auto company press releases in May and reflect U.S. sales.



 20. Ford Mustang convertible
> Fatalities per million registered vehicles: 60
> Parent company: Ford Motor Company
> Type: Midsize sports car
> U.S. sales YTD: 30,527

19. Dodge Avenger 2WD
> Fatalities per million registered vehicles: 60
> Parent company: Fiat Chrysler Automobiles
> Type: Midsize four-door car
> U.S. sales YTD: N/A

18. Chevrolet Impala
> Fatalities per million registered vehicles: 60
> Parent company: General Motors Co.
> Type: Large four-door car
> U.S. sales YTD: 23,235

17. Volkswagen Golf
> Fatalities per million registered vehicles: 63
> Parent company: Volkswagen AG
> Type: Small four-door car
> U.S. sales YTD: 4,59124/7 Wall St.
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16. Mitsubishi Lancer 2WD
> Fatalities per million registered vehicles: 63
> Parent company: Mitsubishi Group
> Type: Small four-door car
> U.S. sales YTD: 6,053 (North America)


​15. Hyundai Accent (hatchback)
> Fatalities per million registered vehicles: 63
> Parent company: Hyundai Motor Group
> Type: Mini station wagon/minivan
> U.S. sales YTD: 14,763

14. Ford Fiesta (sedan)
> Fatalities per million registered vehicles: 63
> Parent company: Ford Motor Company
> Type: Mini station wagon/minivan
> U.S. sales YTD: 16,373

13. Hyundai Genesis coupe
> Fatalities per million registered vehicles: 67
> Parent company: Hyundai Motor Group
> Type: Midsize two-door car
> U.S. sales YTD: 814

12. Chrysler 200
> Fatalities per million registered vehicles: 67
> Parent company: Fiat Chrysler Automobiles
> Type: Midsize four-door car
> U.S. sales YTD: 9,477I'm interested in the  Newsletter
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11. Ford Focus
> Fatalities per million registered vehicles: 68
> Parent company: Ford Motor Company
> Type: Small four-door car
> U.S. sales YTD: 49,902


​10. Nissan Sentra
> Fatalities per million registered vehicles: 72
> Parent company: Nissan Group
> Type: Small four-door car
> U.S. sales YTD: 71,669

9. Nissan Titan Crew Cab short bed 4WD
> Fatalities per million registered vehicles: 73
> Parent company: Nissan Group
> Type: Large pickup
> U.S. sales YTD: 15,238

ALSO READ: Cars Americans Don’t Want to Buy

8. Dodge Challenger
> Fatalities per million registered vehicles: 81
> Parent company: Fiat Chrysler Automobiles
> Type: Large two-door car
> U.S. sales YTD: 22,316

7. Kia Soul
> Fatalities per million registered vehicles: 82
> Parent company: Hyundai Motor Group
> Type: Small station wagon/minivan
> U.S. sales YTD: 33,102

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6. Ford Fiesta (sedan)
> Fatalities per million registered vehicles: 83
> Parent company: Ford Motor Company
> Type: Mini four-door car
> U.S. sales YTD: 16,373


​5. Nissan Versa
> Fatalities per million registered vehicles: 95
> Parent company: Nissan Group
> Type: Mini four-door car
> U.S. sales YTD: 39,397

4. Chevrolet Spark
> Fatalities per million registered vehicles: 96
> Parent company: General Motors Co.
> Type: Mini four-door car
> U.S. sales YTD: 8,840

ALSO READ: Cars So Hot They’re Out of Stock

3. Scion tC
> Fatalities per million registered vehicles: 101
> Parent company: Toyota Motor Corporation
> Type: Small two-door car
> U.S. sales YTD: 156

2. Kia Rio
> Fatalities per million registered vehicles: 102
> Parent company: Hyundai Motor Group
> Type: Mini four-door car
> U.S. sales YTD: 4,535

1. Hyundai Accent (sedan)
> Fatalities per million registered vehicles: 104
> Parent company: Hyundai Motor Group
> Type: Mini four-door car
> U.S. sales YTD: 14,763

​As portable computing and communication grows, many smartphone and tablet users rely primarily on wireless telecom service for connections. This service can be spotty, and very expensive. Facebook Inc. (NASDAQ: FB) has expanded its service which allows people to find Wi-Fi signals, often a better and less expensive connection than telecom 4G. The service will expand so that it operates globally, according to the world’s largest social network.

Facebook management wrote in a blog post:

Today we’re beginning to roll out Find Wi-Fi everywhere in the world on iPhone and Android. We launched Find Wi-Fi in a handful of countries last year and found it’s not only helpful for people who are traveling or on-the-go, but especially useful in areas where cellular data is scarce.

Find Wi-Fi helps you locate available Wi-Fi hot spots nearby that businesses have shared with Facebook from their Page. So wherever you are, you can easily map the closest connections when your data connection is weak.

To find Wi-Fi hotspots, open your Facebook app, click on the “More” tab and then “Find Wi-Fi.” Once in the “Find Wi-Fi” tab you may need to turn it on. You can then browse the closest available hotspots on a map, and learn more about the businesses hosting them.

One catch is that many of the hotspot connections are not free. However, as Facebook management knows, in a large number of places there are no alternatives

The service is part of what Facebook does best, which is to tether its users more tightly to itself so that they rely extensively on the social network for several means of communication from personal posts to Instagram. One of Facebook’s attraction to marketers is the the large number of hours users spend on it every month. Find Wi-Fi is yet another example of that.