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
So, I've been spending the entire morning today sitting outside Countrywide's corporate headquarters in Calabasas, California (at least there's a nice breeze). I'm covering the nuggets inside the company's quarterly regulatory filing which doesn't paint a pretty picture. Bottom line, the future of lending looks murky. Countrywide can't sell a lot of its loans to investors, so it's having to hold onto them.
I love the way press releases are written. Here are two very different ones. First, the press release making the biggest stretch: REESE'S® PEANUT BUTTER & BANANA CREME CUPS PAY TRIBUTE TO ELVIS PRESLEY. This is promoting--ok, I'm not kidding--new "Collector Edition Reese's Elvis cups" which feature "the unique flavor combination of peanut butter and bananas made famous by Elvis' love of peanut butter and banana sandwiches, a Southern favorite." COLLECTOR EDITION? Look for them to be bid up like crazy on eBay!
Eric Distenfeld likes to watch people's feet. It pays off. Last week I told you that Distenfeld, a portfolio manager at Chestnut Ridge Capital, noticed a lot more people wearing Crocs to temple on Tisha B'av, a day in the Jewish tradition when you're not supposed to wear leather shoes. Distenfeld says he then bought a bunch of CROX shares heading into earnings. Earnings were stellar, and he made a killing. Now he's watching people's feet again...
I am currently sitting in a McDonald's in Chino, California, where it's about 152 degrees outside. I've been in a corn field all day doing live shots on how companies like Monsanto are investing big money to genetically modify crops so they can withstand drought. Chino is best known for its dairy farms...and, well, you really can't appreciate the smell of the place until you've been here. The flies are so numerous they have their own Congressional district.
Who doesn’t want to be Sir Richard Branson? Today, though, he may have bitten of more than his beknighted mouth can chew. I wish him well in starting a new airline based in San Francisco, Virgin America. He will need luck. Folks, if you’ve ever flown in or out of San Francisco, you know what I'm talking about—the bitter resentment growing in your belly as the fog settles in once more and delays your flight for two hours.
"Fake Jane," the wildly popular alter-evil-ego of Real Jane, has been the talk of the blogosphere. Haven't you heard? Ok, take my word for it, then. Fake Jane "tells it like it is." She has opined on a variety of important issues of the day, like the distastrous impact HD cameras will have on her career. Fake Jane has railed against the hiring of young women in TV news--any woman younger than she is. Which is a lot of women.
In an earlier post, I mentioned how one Pittsburgh hospital is banning its staff from wearing Crocs shoes. Well, it appears Crocs are just what the doctor ordered for some members of the Jewish faith. Here's how. Last week was Tisha B'av, considered "the saddest day in Jewish history," marking several awful events that happened on that day over the centuries, including the destruction of Temple in Jerusalem not once, but twice--more than 600 years apart.
A hospital in Pittsburgh is banning Crocs, the comfy rubbery shoes with holes in them. Hospital officials call them a hazard, fearing a nurse might drop a syringe on his or her foot and, bingo! One nurse tells the AP that's a croc. "I mean, I can get a needle stuck in my arm or my leg."
So Star Jones finally admits she had gastric bypass surgery. Really? People, it's like denying you had a facelift, collagen, or breast augmentation. WE KNOW. 177,000 people had gastric bypass last year, nearly double from 2003, making it one of the fastest growing plastic surgery procedures. So is PhotoShop. Check out Kelly Osbourne--I'll have what she's having.
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.