CNBC 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.
The state is broke. The hills are on fire. There's no water. Michael Jackson is about to be buried, and there's the horror of Jaycee Lee Dugard's captivity. California's doesn't have much to be proud of lately. The state went into recession first with a collapsing housing market and rising unemployment. Any positive news, any, is embraced as a sign of hope that the worst is over. Well, the following news is quite positive.
RealtyTrac says Sin City is once again leading the nation in foreclosures. How much worse can things get? Some real estate analysts say it could get worse, that there are an estimated 25,000 homes which banks have repossessed but not yet put on the market.
Phil Ruffin is old school Las Vegas, in the sense that he's an individual, not a conglomerate, who owns a major hotel and casino. Ruffin bought Treasure Island from a cash-starved MGM Mirage last spring for $755 million (they gave him a $20 million discount when he funded the whole thing in cash). How much is Treasure Island worth? "Probably a billion or more," he says.
“After playing defense for the first half of the year, we’re starting to play offense.” That’s how a visibly relieved Jim Murren explained the outlook for MGM Mirage and its huge $8.4 billion investment with partner Dubai World in the CityCenter complex.
A few emails, some nice, some not.
From giant vats of mash to flaming barrels and a chilled glass of Kentucky champagne, here are scenes from the Kentucky Bourbon Trail.
Some businesses provoked skepticism, but gutsy entrepreneurs laughed all the way to the bank.
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