The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the the U.S economy and today’s bleak landscape.

Stocks extended gains on Monday after a report showed a gauge of U.S. economic prospects increased for a third straight month in June, suggesting the recession was drawing to a close.

Capital investment and real income in Russia rose strongly in June, the Federal Statistics Agency reported on Monday, suggesting the country may be past the fiercest phase of its recession.

CHULA VISTA, Calif.—-Seacoast Commerce Bank today announced the addition of David H. Bartram to lead the Bank’s Small Business Administration Division.

FAIRFAX COUNTY, Va.—-Eleven Fairfax County-based companies, including nine in technical fields, are among the 500 largest Hispanic-owned businesses in the nation based on revenue, according to Hispanic Business magazine.

ALEXANDRIA, Va.—-CALIBRE Systems, Inc. and Comcast Media Center announced that they have entered into an exclusive agreement under which CALIBRE can offer its customers the TrueDelivery® technology.

Thousands of electric customers in several central U.S. states could be on the hook for the cost of improved trout fishing in northern Arkansas.

Investors extended Wall Street’s rally Monday on more upbeat earnings and reports that commercial lender CIT Group has a deal with key bondholders that will help it avoid bankruptcy.

Stocks extended gains on Monday after a report showed a gauge of U.S. economic prospects increased for a third straight month in June, suggesting the recession was drawing to a close.

How investors react to second-quarter earnings from industrial companies is an open question, with share prices for several companies that have so far reported rising only barely, an analyst said late Sunday.