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Companies have also been urged to provide work to retirees as outsourced contractors or freelancers, as well as assigning them philanthropic tasks.

Commercial airline pilots and other pilots spotted 138 drones during the month of June and 137 during July, some of which were flying up to 10,000 feet. It is illegal to fly drones above 400 feet, or have the UAVs drift beyond line of sight.

Commenting on the flash PMI data, Chris Williamson, chief business economist at HIS Markit, said, "The flash PMI surveys add to evidence that the US economy is enjoying a strong second quarter. Despite growth cooling slightly in June, the latest numbers round off the best quarter for three years and suggest economic growth has lifted markedly higher than the 2.3 percent rate of expansion seen in the first quarter to well over 3 percent."

Commenting on Tuesday's data, Asian investment bank Nomura said China will further fine-tune its policy stance to ensure more stable growth, with programs such as pledged supplementary lending to support homebuyers in lower-tier cities and speed up fiscal spending.

Concur: The Redmond maker of travel and entertainment expense management expanded its footprint in 2011, buying TripIt and London’s GlobalExpense. And CEO Steve Singh indicated that the investments would continue going into the new year, telling investors in November that great opportunities lie ahead. “In order to capitalize on the robust demand environment, we will significantly ramp our investments across the business,” Singh said. Certainly, a company to watch in 2012.