THE WEEK AHEAD...
Coming Monday
Monday’s Business section profiles Anthony Padilla and Ian Hecox, who this week are starring in their first feature film. Who are these guys? Ask your kids. The comedy duo, better known as Smosh, have become online stars, cranking out some 3,000 YouTube sketches to adoring fans for the last 10 years.
PayPal shares set to debut
Shares of PayPal Holdings Inc. will start trading Monday on Nasdaq. EBay Inc. announced last year that it would spin off PayPal, its electronic payment unit, amid heavy pressure from billionaire financier Carl Icahn and other activist investors. PayPal had $8 billion in revenue last year, almost as much as EBay. Shares of EBay closed Friday at $66.29, a gain of 70 cents, or 1.1%.
L.A. County to vote on wages
Los Angeles County supervisors are expected to vote Tuesday on a plan to increase the minimum wage to $15 an hour by 2021. If approved, the wage increase would apply to the majority of the county’s geographic footprint and to the nearly 400,000 workers in unincorporated areas. The city of Los Angeles approved a similar wage plan in June.
High-prof ile earnings due
Apple, Microsoft and Yahoo will release quarterly f inancial results Tuesday. Investors hope Apple will reveal sales details on the Apple Watch, which some reports say is selling tepidly. Analysts want Microsoft to disclose specif ics on the layoffs of 6% of its workforce. Yahoo watchers seek more info on the company’s plans for its 15% stake in Chinese e-commerce giant Alibaba.
Online video confab to open
VidCon, the annual gathering for online video enthusiasts, will begin a three-day run Thursday at the Anaheim Convention Center. The fast-growing conference, which will have twice the f loor space as last year, will feature appearances by Yahoo news anchor Katie Couric, YouTube Chief Executive Susan Wojcicki and CBS Interactive Chief Executive Jim Lanzone.