Daily business briefing: Retirement bleak for blue collar workers

December 31, 2013 

More blue-collar baby boomers expect to work for the rest of their lives as more employers have been moving toward less generous retirement packages over the past decade. The share of U.S. workers who are 55 and older is expected to continue growing as the group comprised of 12.4 percent of the workforce in 1998 jumped to 18.1 percent in 2008 and is expected to be almost 25 percent by 2018. Read more at http://www.bnd.com/business. ...


More red meat is making its way from farms in the United States to numerous countries abroad. The value of U.S. beef exports to Hong Kong has doubled since 2010, up to $331 million from $155 million. an increase from $198,000 in 2004. Learn more at http://www.bnd.com/business. ...


The federal government has named six states to develop test sites for drones. Alaska, Nevada, New York, North Dakota, Texas and Virginia will host the research sites, providing diverse climates, geography and air traffic environments as the Federal Aviation Administration. This research is another step toward creating an industry that could produce unmanned aircraft for use by businesses, farmers and researchers. For more information, go to more at http://www.bnd.com/business. ...


The Dow Jones industrial average moved less than 30 points Monday and ended the day up 25.88 points, or 0.2 percent, to 16,504.29. Find out more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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