CNBC business news reporter Jane Wells is based in Los Angeles, where she covers retail, agriculture and defense as well as reports on California's economy, West Coast real estate and Las Vegas. Wells also writes the blog Funny Business for CNBC.com covering a variety of unusual items. Wells came from CNBC's "Upfront Tonight," where she served as a senior correspondent.
Wells joined CNBC in 1996, providing special coverage of the O.J. Simpson civil case for "Rivera Live." Prior to joining CNBC, she was a correspondent for the Fox News Channel and Los Angeles reporter for NBC's flagship television station, WNBC, in New York. Her television news career includes reporter positions with KTTV, Los Angeles; WTVJ, Miami; and KOB, Albuquerque. She has also contributed international reports for CNN.
Wells has received numerous honors for her work, including a 1992 Peabody Award and duPont Award for her role in the live coverage of the Rodney King Trial. That same year, she earned a Los Angeles Emmy Award for her investigative reporting. She also has received UPI, Press Club and Emmy Awards for feature reporting; three Florida Emmy Awards for news reporting; and the Investigative Reporters and Editors Award for team reporting.
Wells holds bachelor's degrees in broadcast journalism and philosophy from the University of Southern California, where she graduated with honors. She and her husband have two children and live in Los Angeles.
Follow Jane Wells on Twitter @janewells.
In a classroom at the UCLA Anderson School of Management, a professor is running through the calculations needed to figure out "the IRR". That's the internal rate of return. A group of 20 men and women take notes. "The cash flow I get in year one needs to be brought back by some rate of return," he tells them, scribbling on a whiteboard.
Ryan says, "Earlier this year I noticed that the women shopping at Walmart have gotten hotter...Typically the lowest place a hot girl will shop is Target. However, with the economy in recession, they're getting tighter with their money and are now willing to shop at Walmart."
First Federal Bank of California is a picture of contrasts. Its parent company, FirstFed Financial, just reported a loss...again...for the second quarter, this time for $46 million. The ratio of non-performing assets to all assets—a key metric used to measure a bank's health—is over 10 percent. It is operating under a cease and desist order barring it from making new loans.
I'm torn between two news items, trying to decide which is more telling that we are entering the end of days. Soon, cockroaches will rule the Earth while we retreat to our pods and play videogames, wear ever-more bizarre clothing, gain 600 pounds, and use The Comfort Wipe.
"Schmacon is the evolution and, frankly, it's maybe the revolution in bacon," says the creator of beef-based bacon.
A Long Island law firm has formed a charity, called Senior Dreams, to help grant the wishes of needy seniors.
SideChef, an app designed for amateur cooks, helps teach step-by-step recipe basics to would-be chefs.
The Bay State approved legalized gambling 3 years ago. Come Tuesday, they may reverse that decision.
Who is Gotham's "Funniest Person in Finance" -- a trader? a financial advisor? an IT guy? Click ahead to find out!
Former college football coach Barry Switzer has turned a man cave in his Oklahoma home into a base for Coaches' Cabana.
Apeks Supercritical sells an extraction machine for medical marijuana users who prefer consuming oils over smoking the plant.