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.
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Countrywide stock, as of Thursday's close, was up 16 percent for the week, and up a whopping 55 percent since March 17th. Wednesday night, Countrywide released a flurry of Form 4s, including one showing that CEO Angelo Mozilo has been granted a stock appreciation right (SAR) of 2,358,491 shares, with a strike price of $6.22.
In Washington, they're talking about housing from 30,000 feet. Here in West Sacramento California, I'm seeing it from sea level. In a beautiful development where houses came on the market in 2004 for $700,000, I'm looking at a foreclosed house on the market for $415,500.
Ok, so, forget my blogpost yesterday where I said I was going to report live from gold country today. I did go to gold country, and that story will air shortly. In the meantime, I've been diverted to Sacramento to report on how decisions at the federal level impact the homeowner.
I'm on the road again today, going to California gold country, where I will be reporting live tomorrow on the new "gold rush." But I have to make sure I'm back at my hotel tonight for the weekly vote off on "American Idol."
Readers weigh in on Northrop Grumman, a Jaguar "flame" and... what's a TEFC?? ... Mark M. (who has a Northrop email address), responded to my blog on Northrop Grumman's analyst call. I pointed out the timeline of funding over the next few years will reach $10 billion, saying "That's a lot of money." He disagrees...
Northrop Grumman updated analysts with a conference call on the KC-45 tanker program--the $35 billion contract Northrop and EADS beat out Boeing to win. Boeing has filed a protest, and today Northrop said it has completely stopped work on the tanker until a review of the protest is completed by the Government Accounting Office.
I got so excited this morning! I discovered that Richard Branson and Google co-founders Sergey Brin and Larry Page are planning to establish the first human colony on Mars by 2014. This would be only two years after the expiration of the Google Lunar Xprize, awarding $30 million to get working rovers on the Moon.
We’re talking tankers and sock monkeys, because…we can. In the latest volley over whether or not the Air Force tanker contract should be trashed, Northrop Grumman will hold a conference call Tuesday morning with analysts (reporters can listen) “to discuss the KC-45 tanker program.”
This weekend I saw two Hare Krishnas on the side of the 405 freeway trying to get their old, broken down Chrysler K-Car convertible to work. Only in LA. Readers flooded the Funny Business email with responses to my overpriced Jaguar oil change.
The best marketing is the kind that provides a company huge bang for no buck at all. Tell everyone you'll give your product away for free if something impossible happens--like the Giants winning the Super Bowl--and then sit back confidently that you'll never have to pay up.
A website called Beautifulpeople.com has created a mentoring program cheekily called "Adopt an Ugly Person."
Hormel has created a custom motorcycle that runs on 100 percent refined bacon grease.
Love Cloud Vegas is an airline where people pay to go airborne so they can join the Mile High Club.
Food prices are high, but for the $100 watermelons and pumpkins Tony Dighera grows, demand is outstripping supply.
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.