Therefore, I would forego adding additional risk to portfolios and instead remain opportunistic and selective and continue to add high-quality, large-cap, dividend- paying, multinational stocks from around the world.

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Collins, in responding to a question as to whether Defense officials Thursday expressed more willingness to forego some budget power, said, "I don't think the department is ever eager to give up authority, " but it is not yet certain how much of a shift would be needed.

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Asset managers, with or without their own distribution, i.e. brokerage unit, would have to strike marketing deals or forego commissions to attract retail and financial advisor driven purchases.

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