Activist investors put climate-change issue up for vote at bank

Activist investors have succeeded for the first time in placing a shareholder resolution on the risks of greenhouse-gas emissions up for a vote at a major bank, a step toward making climate change an important consideration for corporations.

The resolution, which follows years of protests over banks financing certain coal operations, is to be included in proxy material being sent to shareholders of PNC Financial Services Group of Pittsburgh before the bank's April 23 annual meeting.

It asks PNC to assess and report back to shareholders on how its lending results in greenhouse gas emissions that can alter the climate, posing financial risks for its corporate borrowers and risks to its own reputation.

PNC is the only major bank based in Appalachia, a region where coal and gas extraction is a major business. It has long lent to mining companies, including those engaged in mountaintop removal, which involves blowing up peaks to reach coal seams below and has been blamed for degrading landscapes, destroying habitat and polluting streams.

In recent years, PNC has cultivated an environmentally friendly image, building energy-conserving branches, making loans for solar projects and offering incentives to small businesses to protect the environment.

The backers of the resolution said, however, that PNC had offered only vague responses to the risks posed by climate change. What's more, they said, the bank reneged on a promise made in 2011 not to extend credit to individual mountaintop removal projects or to mining companies that receive the bulk of their production from the controversial process.

"As a result, it is the focus of a consumer boycott," the shareholder resolution says, adding: "PNC has ignored investors' requests to provide information detailing its [mountaintop removal] policy implementation or the lending impacts of this policy."

PNC spokesman Frederick Solomon declined to comment on the resolution, saying the bank's board would respond in due time.

The sponsors of the resolution include Quaker and Roman Catholic groups and mutual funds focused on investments they deem to be socially responsible, including Domini Social Investments, Walden Asset Management and Boston Common Asset Management.

In the mid-2000s, the Securities and Exchange Commission excluded similar resolutions at banks and insurers, holding that they concerned "ordinary business" at the financial firms, said Meredith Benton, a portfolio manager at Boston Common.

But in 2010 the SEC issued guidance saying corporations should disclose to shareholders the potential effect of climate change on their business and their strategies for dealing with the risks. The agency said the issue had become a topic of intense public discussion and a target for national and international regulation.

As this year's annual meeting season approaches, numerous corporations have shareholder resolutions focusing on sustainability and climate change, along with hot-button social and environmental topics such as sexual orientation, lobbying and political contributions and genetically modified food ingredients.

But most other companies facing climate change resolutions this year are directly involved with carbon energy production: oil giants Chevron Corp. and Exxon Mobil Corp. and coal producer Alpha Natural Resources Inc.

PNC had asked the SEC to bar the climate change resolution on grounds that lending and investing were part of its day-to-day business, but the SEC declined.

"In arriving at this position, we note that the proposal focuses on the significant policy issue of climate change," the SEC said in a letter to George P. Long III, PNC's chief governance lawyer. "Accordingly, we do not believe that PNC may omit the proposal from its proxy materials."

SEC spokesman John Nester said the decision does not mean every financial company must consider the issue of climate change. The ruling was based on the particular facts of PNC's case, he said, including the nature of the bank's lending criteria and public statements, which demonstrated a "meaningful relationship" between climate change and its operations.

Many activist stockholders have become less confrontational over the years, holding discussions with corporations over social and economic issues instead of filing shareholder resolutions, said Laura Berry, executive director of the Interfaith Center on Corporate Responsibility in New York.

The center, a 41-year-old coalition of activist investors, said its members have filed 180 shareholder resolutions while engaging in 225 "corporate dialogues" this proxy season.

"Filing a proposal can appear to be confrontational and can lead to all sorts of interactions — some more effective than others," Berry said. "Withdrawing a proposal is often viewed as a sign progress is being made."

In the case of climate change and banks, that potentially could take place — not at PNC but at JPMorgan Chase & Co., said Benton, the Boston Common portfolio manager.

The sponsors of the PNC resolution have proposed a similar shareholder vote at JPMorgan Chase but may withdraw it after discussions with a team of employees focused on climate change at the New York bank "who have real chops and are working on these issues," Benton said.

By contrast, she said, discussions with PNC turned up no evidence of a "holistic response" to climate change issues. And despite the bank's pledge to cut back lending for mountaintop removal projects, she said, "they haven't changed their practices in any way."

scott.reckard@latimes.com

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O.C. shootings: Plumber was chased, gunned down, co-worker says

A man suspected in a series of shootings across Orange County that left four people dead and at least two others wounded on Tuesday apparently approached one of his victims after a vehicle he carjacked ran out of gas, authorities said.

Santa Ana police Cpl. Anthony Bertagna said the suspect stole the vehicle from a gas station near Red Hill Avenue and the 5 Freeway in Tustin, but apparently picked one that had not been filled. When the vehicle ran out of gas at about 5:15 a.m., the man stopped near the 55 Freeway and McFadden Avenue and approached a BMW.

“He got out of the vehicle, confronts our victim who is in his BMW," Bertagna said. "He orders him out of the vehicle, walks him to the curb and executes our victim."

PHOTOS: Shootings at multiple locations in O.C.

Bertagna said that aside from an initial homicide at a Ladera Ranch home, it appeared as though the victims were randomly selected.

The killings appeared to begin in Ladera Ranch, where Orange County deputies received a call from inside a Red Leaf Lane home at 4:45 a.m. about a shooting, Sheriff's Department spokesman Jim Amormino said. Responding deputies found a woman dead inside who had been shot multiple times.

Jason Glass, who lives across the street, said he was working in his garage when he heard what he now believes were three to five gunshots between 2 and 3 a.m.  About 4 a.m., Glass said, he "heard a bunch of ruckus" — no yelling, but lots of doors slamming — before a car sped away from the house.

"I just thought somebody was being really loud and obnoxious," Glass said.

The suspect, initially described as a man in his 20s, fled the area in an SUV and headed toward Tustin, where Amormino said "multiple incidents" occurred.

The first, authorities said, occurred near Red Hill Avenue and the 5 Freeway, where authorities received a report of a man with a gun about 5:10 a.m. The suspect attempted a carjacking, Tustin police Lt. Paul Garaven, opened fire and wounded a bystander.

About five minutes later, the suspect stopped the BMW near the 55 Freeway in Santa Ana, officials said.

Around that time, authorities also received reports about a man shooting at moving vehicles on the 55 Freeway. Officials believe the man fired either while driving or after he stopped and got out of his vehicle. At least three victims have reported minor injuries or damage to their cars, and investigators asked that others who believe they may have been fired upon to contact police.

Shortly after, another shooting and carjacking was reported on Edinger Avenue near the Micro Center computer store in Tustin, Garaven said. One person was killed and another was taken to a hospital.

Co-workers identified the men as plumbers who were working at the under-construction Fairfield Inn on Edinger Avenue.

Officers spotted the suspect in a stolen vehicle, followed him into the city of Orange and initiated a traffic stop near the intersection of East Katella Avenue and North Wanda Road, Garaven said.

The suspect then shot and killed himself, authorities said. A shotgun was recovered, but officials said other weapons might have been involved earlier. 

In Orange, financial planner Kenneth Caplin said he had a clear view of the gruesome drama that unfolded Tuesday on the street outside his office.

Although the street had been blocked, Caplin parked farther away and persuaded an officer to let him walk to his office. He arrived shortly before 7 a.m., about an hour after the shooting.

From a conference room window, Caplin saw the police investigators at work, a white work truck up on a curb, and the suspect lying dead on the ground, with blood streaked across the pavement.

"It's scary.... This just happened right here," Caplin said hours later, as a team in biohazard suits scrubbed away at the street in an afternoon drizzle. "It's ludicrous."

Caplin, 71, said he is a pistol instructor for the NRA. What happened Tuesday only affirmed for him the need to stay armed.

"He had no chance," he said of one of shooting victims. "The bad guys are armed; the good guys aren't. If I was in that position -- with a CCW [concealed weapon] -- that wouldn't have happened."

He added: "Innocent people -- like what happened today -- don't have a chance."

He said he was relieved the perpetrator ended it by taking his own life. "That's a bad guy," he said of the man he saw splayed on the street. "Doesn't bother me at all." 

Amormino said deputies were still trying to piece together a possible motive and the relationship between the suspect and victims, including the woman at the first incident in Ladera Ranch. Authorities said they had received no previous calls to the residence.

Glass, the neighbor, said a couple lived at the home with three children. The family was quiet, he said.

“No noise ever came out of that house,” he said. “No cops ever came to that house, nothing. This is really weird.”

In addition to the Sheriff's Department, the FBI, the CHP and the Santa Ana and Tustin police departments are assisting with the investigation.

Craig Heising, a project superintendent at the Tustin construction site, described the slain plumber as a "good guy" with a "good heart."

"He showed up every day, on time, ready to do his share of work. When I saw police pull the yellow tarp over him, I was just overwhelmed by the senseless of it," Heising said. "It's a classic case of being at the wrong place at the wrong time."

PHOTOS: Shootings at multiple locations in O.C.

Bertagna, the Santa Ana police official, was asked if he had seen anything like this before. “Last week," he replied.

Bertagna was referring to the series of shootings attributed to former Los Angeles police officer Christopher Dorner, who is suspected of killing four people and wounding three others before he died in a shootout with police near Big Bear.

"It's not something you see very often," Bertagna said.

—Kate Mather and Hailey Branson-Potts in Los Angeles, Anh Do and Mike Anton in Tustin, Nicole Santa Cruz in Ladera Ranch, Rick Rojas in Orange

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Police say NY TV anchor threatened wife with death

Police say a New York City anchorman made a death threat against his wife as he was being arrested on charges of attacking her at their Connecticut home.

The alleged threat was revealed in a court document released during Tuesday's arraignment of WCBS-TV's Rob Morrison.

Meanwhile, New York City police said they were called to the couple's former Manhattan home 11 times between 2004 and 2009 because of domestic disputes.

They said one call resulted in an arrest, but that case was sealed.

In the Stamford case, a police officer wrote that Morrison said "he would kill his wife" if he were released.

The judge imposed an order keeping Morrison 100 yards away from Ashley Morrison.

Rob Morrison is charged with strangulation, threatening and disorderly conduct.

His lawyer says the allegations have been exaggerated.

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DNA Analysis, More Accessible Than Ever, Opens New Doors

Matt Roth for The New York Times

Sam Bosley of Frederick, Md., going shopping with his daughter, Lillian, 13, who has a malformed brain and severe developmental delays, seizures and vision problems. More Photos »

Debra Sukin and her husband were determined to take no chances with her second pregnancy. Their first child, Jacob, who had a serious genetic disorder, did not babble when he was a year old and had severe developmental delays. So the second time around, Ms. Sukin had what was then the most advanced prenatal testing.

The test found no sign of Angelman syndrome, the rare genetic disorder that had struck Jacob. But as months passed, Eli was not crawling or walking or babbling at ages when other babies were.

“Whatever the milestones were, my son was not meeting them,” Ms. Sukin said.

Desperate to find out what is wrong with Eli, now 8, the Sukins, of The Woodlands, Tex., have become pioneers in a new kind of testing that is proving particularly helpful in diagnosing mysterious neurological illnesses in children. Scientists sequence all of a patient’s genes, systematically searching for disease-causing mutations.

A few years ago, this sort of test was so difficult and expensive that it was generally only available to participants in research projects like those sponsored by the National Institutes of Health. But the price has plunged in just a few years from tens of thousands of dollars to around $7,000 to $9,000 for a family. Baylor College of Medicine and a handful of companies are now offering it. Insurers usually pay.

Demand has soared — at Baylor, for example, scientists analyzed 5 to 10 DNA sequences a month when the program started in November 2011. Now they are doing more than 130 analyses a month. At the National Institutes of Health, which handles about 300 cases a year as part of its research program, demand is so great that the program is expected to ultimately take on 800 to 900 a year.

The test is beginning to transform life for patients and families who have often spent years searching for answers. They can now start the grueling process with DNA sequencing, says Dr. Wendy K. Chung, professor of pediatrics and medicine at Columbia University.

“Most people originally thought of using it as a court of last resort,” Dr. Chung said. “Now we can think of it as a first-line test.”

Even if there is no treatment, there is almost always some benefit to diagnosis, geneticists say. It can give patients and their families the certainty of knowing what is wrong and even a prognosis. It can also ease the processing of medical claims, qualifying for special education services, and learning whether subsequent children might be at risk.

“Imagine the people who drive across the whole country looking for that one neurologist who can help, or scrubbing the whole house with Lysol because they think it might be an allergy,” said Richard A. Gibbs, the director of Baylor College of Medicine’s gene sequencing program. “Those kinds of stories are the rule, not the exception.”

Experts caution that gene sequencing is no panacea. It finds a genetic aberration in only about 25 to 30 percent of cases. About 3 percent of patients end up with better management of their disorder. About 1 percent get a treatment and a major benefit.

“People come to us with huge expectations,” said Dr. William A. Gahl, who directs the N.I.H. program. “They think, ‘You will take my DNA and find the causes and give me a treatment.' ”

“We give the impression that we can do these things because we only publish our successes,” Dr. Gahl said, adding that when patients come to him, “we try to make expectations realistic.”

DNA sequencing was not available when Debra and Steven Sukin began trying to find out what was wrong with Eli. When he was 3, they tried microarray analysis, a genetic test that is nowhere near as sensitive as sequencing. It detected no problems.

“My husband and I looked at each other and said, ‘The good news is that everything is fine; the bad news is that everything is not fine,' ” Ms. Sukin said.

In November 2011, when Eli was 6, Ms. Sukin consulted Dr. Arthur L. Beaudet, a medical geneticist at Baylor.

“Is there a protein missing?” she recalled asking him. “Is there something biochemical we could be missing?”

By now, DNA sequencing had come of age. Dr. Beaudet said that Eli was a great candidate, and it turned out that the new procedure held an answer.

A single DNA base was altered in a gene called CASK, resulting in a disorder so rare that there are fewer than 10 cases in all the world’s medical literature.

“It really became definitive for my husband and me,” Ms. Sukin said. “We would need to do lifelong planning for dependent care for the rest of his life.”

This article has been revised to reflect the following correction:

Correction: February 19, 2013

An earlier version of this article misstated the name of a medicine taken by two teenagers who have a rare gene mutation. The drug is 5-hydroxytryptophan, not 5-hydroxytryptamine.

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Herbalife says its earnings soared in fourth quarter

Herbalife Ltd. reported that sales of its weight-loss and nutrition products increased significantly in the fourth quarter, even as a hedge fund manager was preparing a massive campaign to short its stock.

The Los Angeles company said it earned $1.05 a share, at the top of the company's January estimated range $1.02 to $1.05, and a 22% increase from the same period a year earlier.

Net sales in the fourth quarter increased 20% from one year ago to $1.1 billion, the company said.

Herbalife also increased its estimated earnings for 2013 from $4.45 to $4.65 a share, but said it was excluding $10 million to $20 million it will spend in "legal and advisory services" as it fights recent allegations that it is operating a fraudulent pyramid scheme.

Herbalife has been one of the hottest stories on Wall Street since December, when billionaire hedge fund manager Bill Ackman accused the company of operating a pyramid scheme and said he had taken a $1-billion short against the company's shares.

Ackman said most of the company's independent distributors lose money or break even while a lucky few who got into the company early get rich from commissions for bringing others into the business.

Herbalife denied the allegations, saying all of the commissions it pays are related to sales, not recruiting. The company said it sells nutritious products through a team of independent distributors who build one-on-one relationships with consumers, coaching them about weight loss while selling products to help them achieve their goals.

Its meal-replacement shake mixes, vitamins and other supplements are available only through independent sales people, not at retail stores.

Ackman's December disclosure initially caused Herbalife shares to plummet, but they slowly recovered after other hedge fund managers snapped up the beaten-down shares. Most notably, investor Carl Icahn disclosed last week he had purchased nearly 13% of Herbalife's shares and planned to inquire about bringing the company private, a move that would probably drive up Herbalife's stock price.

Herbalife shares were up less than 1% in after-hours trading. They closed at $39.74, up $1, or 2.6%.

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Jerry Buss dies at 80; Lakers owner brought 'Showtime' success to L.A.

Longtime Lakers owner Jerry Buss has died at the age of 80. Last week, it was revealed that he was hospitalized with an undisclosed form of cancer.

When Jerry Buss bought the Lakers in 1979, he wanted to build a championship team. But that wasn't all.

The new owner gave courtside seats to movie stars. He hired pretty women to dance during timeouts. He spent freely on big stars and encouraged a fast-paced, exuberant style of play.

As the Lakers sprinted to one NBA title after another, Buss cut an audacious figure in the stands, an aging playboy in blue jeans, often with a younger woman by his side.

PHOTOS: Jerry Buss through the years

"I really tried to create a Laker image, a distinct identity," he once said. "I think we've been successful. I mean, the Lakers are pretty damn Hollywood."

Buss died Monday of complications of cancer at Cedars-Sinai Medical Center in Los Angeles, according to his longtime spokesman, Bob Steiner. Buss was 80.

Lakers fans will remember Buss for bringing extraordinary success — 10 championships in three-plus decades — but equally important to his legacy was a sense of showmanship that transformed pro basketball from sport to spectacle.

Live discussion at 10:30: The legacy of Jerry Buss

"Jerry Buss helped set the league on the course it is on today," NBA Commissioner David Stern said. "Remember, he showed us it was about 'Showtime,' the notion that an arena can become the focal point for not just basketball, but entertainment. He made it the place to see and be seen."

His teams featured the likes of Kareem Abdul-Jabbar, Magic Johnson, Kobe Bryant, Shaquille O'Neal and Dwight Howard. He was also smart enough to hire Hall of Fame-caliber coaches in Pat Riley and Phil Jackson.

"I've worked hard and been lucky," Buss said. "With the combination of the two, I've accomplished everything I ever set out to do."

A Depression-era baby, Jerry Hatten Buss was born in Salt Lake City on Jan. 27, 1933, although some sources cite 1934 as his birth year. His parents, Lydus and Jessie Buss, divorced when he was an infant.

His mother struggled to make ends meet as a waitress in tiny Evanston, Wyo., and Buss remembered standing in food lines in the bitter cold. They moved to Southern California when he was 9, but within a few years she remarried and her second husband took the family back to Wyoming.

His stepfather, Cecil Brown, was, as Buss put it, "very tight-fisted." Brown made his living as a plumber and expected his children (one from a previous marriage, another son and a daughter with Jessie) to help.

TIMELINE: Jerry Buss' path

This work included digging ditches in the cold. Buss preferred bell hopping at a local hotel and running a mail-order stamp-collecting business that he started at age 13.

Leaving high school a year early, he worked on the railroad, pumping a hand-driven car up and down the line to make repairs. The job lasted just three months.

Until then, Buss had never much liked academics. But he returned to school and, with a science teacher's encouragement, did well enough to earn a science scholarship to the University of Wyoming.

Before graduating with a bachelor's degree in chemistry, when he was 19 he married a coed named JoAnn Mueller and they would eventually have four children: John, Jim, Jeanie and Janie.

The couple moved to Southern California in 1953 when USC gave Buss a scholarship for graduate school. He earned a doctorate in physical chemistry in 1957. The degree brought him great pride — Lakers employees always called him "Dr. Buss."

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APNewsBreak: Jenni Rivera memoir due in July

NEW YORK (AP) — Some final words from the late Mexican-American singer and TV star Jenni Rivera will be out this summer.

Atria Books announced Monday it's publishing a memoir by the multimillion-selling artist, who died in a plane crash in December at age 43. "Unbreakable," coming out simultaneously in English and Spanish, is scheduled for July and has been authorized by Rivera's family.

Rosie Rivera, the late singer's sister, said the family had decided to share Rivera's book with her fans so they could "enjoy her as we have."

"I miss my sister every moment, but on days that I want to feel her close, I open her book written in her own words, and feel her right next to me," Rosie Rivera said in a statement issued by Atria.

Atria vice president and senior editor Johanna Castillo said she had talked to Rivera about the impact she hoped her book's message would have on readers.

"This book is her legacy to all of her fans," Castillo said.

Rivera had worked on "Unbreakable" for several years and completed it before her death, Atria spokesman Paul Olsewski said. She had been in talks with Atria, an imprint of Simon & Schuster, since 2011.

According to Atria, "Unbreakable" will provide "an intimate look into the heart and soul of this self-made woman, who ascended to the top of the charts against all odds, becoming a legend in a completely male dominated music category," grupero, a type of Mexican folk music.

A candid memoir would be in character for Rivera, a mother and grandmother of two known as the Diva de la Banda, or Diva of the Band, for her frank talk about her life. At the time of her death, she had been recently divorced from her third husband, former Major League Baseball player Esteban Loaiza.

Rivera, who was born in Los Angeles, launched her career by selling cassette tapes at flea markets. She went on to sell more than 15 million copies of her 12 major-label albums.

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Well: Susan Love's Illness Gives New Focus to Her Cause

During a talk last spring in San Francisco, Dr. Susan Love, the well-known breast cancer book author and patient advocate, chided the research establishment for ignoring the needs of people with cancer. “The only difference between a researcher and a patient is a diagnosis,” she told the crowd. “We’re all patients.”

It was an eerily prescient lecture. Less than two months later, Dr. Love was given a diagnosis of acute myelogenous leukemia. She had no obvious symptoms and learned of her disease only after a checkup and routine blood work.

“Little did I know I was talking about myself,” she said in an interview. “It was really out of the blue. I was feeling fine. I ran five miles the day before.”

Dr. Love, a surgeon, is best known as the author of the top-selling “Dr. Susan Love’s Breast Book” (Da Capo Press, 2010) now in its fifth edition. She is also president of the Dr. Susan Love Research Foundation, which focuses on breast cancer prevention and research into eradicating the disease. But after decades of tireless advocacy on behalf of women with breast cancer, Dr. Love found herself in an unfamiliar role with an unfamiliar disease.

“There is a sense of shock when it happens to you,” she said. “In some ways I would have been less shocked if I got breast cancer because it’s so common, but getting leukemia was a world I didn’t know. Even when you’re a physician, when you get shocking news like this you sort of forget everything you know and are scared the same as everybody else.”

Because Dr. Love’s disease was caught early, she had a little time to seek second opinions and choose her medical team. She chose City of Hope in Duarte, Calif., because of its extensive experience in bone marrow transplants. At 65, Dr. Love was startled to learn she was considered among the “elderly” patients for this type of leukemia.

She was admitted to the hospital and underwent chemotherapy. Because her blood counts did not rebound after the treatment, her stay lasted a grueling seven weeks.

She went home for just two weeks, and then returned to the hospital for a bone-marrow transplant, with marrow donated by her younger sister, Elizabeth Love De Graci, 53, who lives in Mexico City.

Although the transplant itself was uneventful, the next four weeks were an ordeal. Dr. Love developed pain and neuropathy from the chemotherapy drugs. Dr. Love’s wife, Dr. Helen Cooksey; daughter, Katie Love-Cooksey, 24; and siblings offered round-the-clock support. Ms. Love-Cooksey slept in the hospital every night. “I wasn’t very articulate during that time, but I always had my family there,” Dr. Love said. “They were great advocates for me.”

The transplant “is quite an amazing thing,” Dr. Love said. Her blood type changed from O positive to B positive, the same type as her sister. She also has inherited her sister’s immune system, and a lifelong allergy to nickel has disappeared. “I can wear cheap jewelry now,” she said. She returned to work last month.

Dr. Love has been told her disease is in remission, though her immune system remains compromised and she is more susceptible to infection. So she avoids crowds, air travel and other potential sources of cold and flu viruses.

While Dr. Love has always been a strong advocate for women undergoing cancer treatment, she says her disease and treatment has strengthened her understanding of what women with breast cancer and other types of cancer go through during treatments.

“There are little things like having numb toes or having less stamina to building muscles back up after a month of bed rest,” she said. “There is significant collateral damage from the treatment that is underestimated by the medical profession. There’s a sense of ‘You’re lucky to be alive, so why are you complaining?’ ”

Dr. Love says her experience has emboldened her in her quest to focus on the causes of disease rather than new drugs to treat it.

“I think I’m more impatient now and in more of a hurry,” she said. “I’ve been reminded that you don’t know how long you have. There are women being diagnosed every day. We don’t have the luxury to sit around and come up with a new marketing scheme. We have to get rid of this disease, and there is no reason we can’t do it.”

People who remain skeptical about the ability to eradicate breast cancer should look to the history of cervical cancer, she said. Decades ago, a woman with an abnormal Pap smear would be advised to undergo hysterectomy. Now a vaccine exists that can protect women from the infection that causes most cervical cancers.

“We need to focus more on the cause of breast cancer,” she said. “I’m still very impressed with the fact that cancer of the cervix went from being a disease that robbed women of their fertility, if not their lives, to having a vaccine to prevent it.”

Dr. Love, who wrote a book called “Live a Little!,” said illness has also made her grateful that she didn’t put off her “bucket list” and that she has traveled the world and focused on work she finds challenging and satisfying.

“It just reminds you that none of us are going to get out of here alive, and we don’t know how much time we have,” she said. “I say this to my daughter, whether it’s changing the world or having a good time, that we should do what we want to do. I drink the expensive wine now.”

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Chinese car companies likely Fisker Automotive investment partners

Fisker Automotive Inc. has what it is calling “detailed proposals” from several investment partners that could save the maker of expensive hybrid sports cars.

The Anaheim company behind the $110,000 Karma plug-in hybrid sports car has previously said it needs about $500 million to launch a second, less expensive model, which would be made at a factory in Wilmington, Del.

Fisker ran into a cash crunch after the federal government froze a Department of Energy loan to the company and its battery maker went bankrupt.

“We can only confirm that the company has received detailed proposals from multiple parties in different continents," the company said in a statement, "which are now being evaluated by the Company and its advisors.”

A deal could be reached in March.

Previously reported potential partners include Geely Auto, the Chinese company that owns Volvo, and Wanxiang Group, another Chinese company, which recently purchased battery maker A123 Systems out of bankruptcy. A123 builds the lithium-ion battery that goes into Fisker’s cars.

Fisker also is in talks with Wanxiang to start purchasing batteries again. But for now, production of the Karma, which is built in Finland, has been halted until the automaker secures a battery supply. The company had built up an inventory of cars prior to A123’s bankruptcy and there are cars still for sale at dealerships in the U.S. and Europe.

The automaker is looking for funds to restart work on the Atlantic, a $55,000, four-door rechargeable sports sedan that Fisker sees as a higher-volume model that would have a broader market.

Work on the Atlantic came to a halt last year when the federal government suspended a $529-million loan after delays in the introduction of the Karma. Fisker had drawn down about $192 million of the loan.

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Hollywood directs its star power toward a campaign closer to home

A stylish crowd waited beneath a flashing marquee outside the Fonda Theatre. "Appearing tonight!" the sign read. "Eric Garcetti 4 Mayor."

In a city where political campaigns are typically waged at neighborhood meetings, not Hollywood concert halls, last week's star-studded fundraiser for Garcetti highlighted the entertainment industry's outsized role in this year's mayoral race. Talk show host Jimmy Kimmel started the show with a stand-up routine and musician Moby got the crowd of several hundred dancing. Actress Amy Smart urged everyone to tweet about the campaign, and actor Will Ferrell beamed in via video to pledge that if Garcetti is elected, every resident in the city will receive free waffles.

Hollywood is taking to City Hall politics like never before, veterans say, with power players such as Steven Spielberg leading a major fundraising effort and celebrities such as Salma Hayek weighing in via YouTube. A Times analysis of city Ethics Commission records found that actors, producers, directors and others in the industry have donated more than $746,000 directly to candidates, with some $462,000 going to Garcetti and $226,000 to City Controller Wendy Greuel.

Several of Greuel's big-name celebrity supporters, including Tobey Maguire, Kate Hudson and Zooey Deschanel, recently hosted a fundraiser for her at an exclusive club on the Sunset Strip. She is getting extra help from Spielberg and his former partners at DreamWorks, Jeffrey Katzenberg and David Geffen, who have given at least $150,000 and are raising more for an independent group funding a TV ad blitz on her behalf.

The burst of support is coming from an industry often maligned for paying little attention to local politics.

While Mayor Antonio Villaraigosa is often photographed at red carpet events and former Mayor Tom Bradley was famously close to actor Gregory Peck, serious Hollywood money and star power has tended to remain tantalizingly out of reach for local politicians. "It's no secret that the entertainment industry has never really focused on the city that houses it," said Steve Soboroff, who ran for mayor and lost in 2001.

Political consultant Garry South, who has worked on mayoral and gubernatorial campaigns, recalled having to pay celebrities to appear at fundraisers in the past. Hollywood has long embraced candidates in presidential and congressional elections, South said, in part because they have more influence over causes favored by celebrities.

"The mayor of L.A. is not going to get us out of Afghanistan. The mayor of L.A. is not going to determine whether or not gay marriage is legal," South said. "The local issues are just not as sexy."

But this year, if you're a part of the Hollywood establishment, chances are you've gotten invitations to fundraisers for Greuel, Garcetti or both.

The difference this time is that both candidates have worked to cultivate deep Hollywood connections, observers say. Garcetti has represented Hollywood for 12 years, overseeing a development boom and presiding over ceremonies to add stars — Kimmel recently got one — on the Hollywood Walk of Fame. Greuel is a former executive at DreamWorks, where she worked with the moguls who founded the studio. She has also served for 10 years on the board of the California Film Commission.

City Councilwoman Jan Perry and entertainment attorney Kevin James have reaped far less financial support from the industry, records show, although each claims a share of celebrity endorsements. Dick Van Dyke sponsored a fundraiser for Perry and Oscar winner Dustin Lance Black has given to James.

Agent Feroz Taj, who attended Garcetti's Moby concert, said a flurry of activity around the race, involving friends and colleagues, piqued his interest. He said he's never been involved in a political campaign, but now when he receives invites to Greuel events, he says he is supporting Garcetti.

Industry insiders have been buzzing about a letter they say is being circulated by an advisor to Spielberg and Katzenberg, urging people to give $15,000 to an independent group supporting Greuel. The DreamWorks founders have made a difference for Greuel in previous elections. In 2002, financial support from the studio executives and their allies helped her squeak out a victory in one of the closest City Council races in history.

This time around, billionaire media mogul Haim Saban is getting involved, providing his Beverly Hills estate for a Greuel fundraiser featuring U.S. Sen. Barbara Boxer (D-Calif.). Greuel has also received contributions from Tom Hanks and actresses Mariska Hargitay and Eva Longoria, neither of whom have given to a local political campaign before, according to records.

Garcetti, on the other hand, has picked up contributions from former Disney Chief Executive Michael Eisner, as well as newcomers to local politics Jake Gyllenhaal and Hayek, who once traveled with Garcetti on a global warming awareness mission to the South Pole. The actress released a video endorsing Garcetti and thanking him for helping her find her wallet in the snow.

Campaign consultant Sean Clegg linked the industry's burgeoning interest in mayoral politics to President Obama's election, which he said had "a catalyzing effect on Hollywood." Indeed, many Greuel and Garcetti supporters were Obama backers. Hayek hosted a fundraiser for Obama and Longoria served as a co-chair of his reelection campaign.

Clegg is a consultant for Working Californians, an independent campaign committee that hopes to raise and spend at least $2 million supporting Greuel, with donations from Spielberg and others in Hollywood, as well as the union representing Department of Water and Power employees.

Generally, Clegg argued, Hollywood money is different than the special-interest funding campaigns collect. "Money is coming out of the entertainment industry more on belief and less on the transactional considerations," he said.

But Raphael Sonenshein, director of the Pat Brown Institute of Public Affairs at Cal State L.A., said Hollywood's new interest in local elections may be tied to growing concerns about film production being lured elsewhere by tax incentives.

Garcetti and Greuel have both pledged to reverse job losses tied to runaway television and film production, with Garcetti touting a recent proposal to eliminate roughly $231,000 in annual city fees charged for pilot episodes of new TV shows. The number of pilots shot locally has dropped 30% in recent years, but city budget analysts say the tax break would have a minimal effect because city fees represent only a small portion of production costs.

On the council, both candidates voted to eliminate filming fees at most city facilities. Greuel tells audiences she has an insider's perspective on the industry's needs and says she will create an "entertainment cabinet" to help it thrive. "I have sat with studio heads," she said in a recent interview. "They want a city . . . that is a champion for film industry jobs in Los Angeles."

Greuel may have Garcetti beat on experience in the studio front office, but he is the only candidate with his own page on IMDb.com — a closely watched industry website that tracks individuals' film and television credits.

The councilman, a member of the Screen Actors Guild, has made several television appearances, including one for the cable police drama "The Closer." He played the mayor of Los Angeles.

kate.linthicum@latimes.com

Times staff writer Maloy Moore contributed to this report.

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