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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As all sides start piling on the beleaguered mortgage not-so-giant-anymore, I've received a letter that Democratic New York Senator Charles Schumer wrote Countrywide Chairman and CEO Angelo Mozilo after the two met in September. Sen. Schumer wants answers, including documentation to back up what he claims Mozilo told him in their meeting.
Turns out your Thanksgiving dinner is going to cost about $5 more this year. One big reason? Ethanol. Here's why. The most expensive part of the dinner is the turkey (though some grocers give it away if you overload on everything else). And 60% of the cost of the turkey is the feed.
Stressing out about Thursday already? I know what you mean. I'm even "stressing ahead" to Christmas. I think this year I'm going to give my kids money (they're teenagers, it's all they want), give my nieces and nephews gift cards, and donate to charity for the adults.
I've returned to the sunny, smoggy, overpriced confines of Los Angeles, and I've opened up the ol' Funny Business email box. OUCH! On my Canada travels, Paul E. from Florida writes: "Why does Jane Wells' ignorance of things Canadian get translated into our ignorance? Lose it, already...
I'm still in Vancouver, covering the fallout from Canada's strong dollar. There's not a single freeway in Vancouver. Traffic is terrible. One local complained to me, "How can we be a world-class city with no freeways? We are run by tree hugger idiots." One of the best things about Canada is a TV show called "Canada's Worst Driver."
It's not funny business in Hollywood. A guerrilla labor action is happening today on location in Pacific Palisades, west of Los Angeles, where Eddie Murphy is filming a movie called "Nowhere Land." A source tells me producers got the Teamsters to line up trucks in a "circle the wagons" move to keep picketing writers from getting onto the set.
Reaction to my comments on my last post on Countrywide:From Albert R: "JANES WELLS. GET A JOB! STOP REPEATING THE SAME B.S. ON COUNTRYWIDE." From Ed L: "...we have 8 forclosures in our neighborhood (so far) of 62 homes, all Countrywide loans to investors..(all over $2 million with 2nd and 3rd mortgages). We shall see what happens."
In a filing with the SEC, Countrywide reports that it's one ratings cut away from junk...and a whole lotta trouble. I keep waiting for the sky to fall in Calabasas. It isn't. I live near Countrywide headquarters in Calabasas, Calif., out in Thousand Oaks, where Countrywide Bank is based.
Jordan Belfort, the real "Wolf of Wall Street" is back selling something. This time, however, it's all legal.
Airpnp, based on the very successful Airbnb, is a site that allows people to rent out their bathrooms. Is this for real?
Crest released chocolate toothpaste this month. CNBC asked "experiential consumers" for their thoughts on the products.
The promoter talks politics, how to succeed in business and why MMA is "sophisticated barbarism."
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.