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Hotel Operators Lag

The Dow Jones Industrial Average closed down 22.71 points, or 0.2%, at 12197.88, snapping a three-day winning streak. The Dow's decline was led by Home Depot, which fell 77 cents, or 2.1%, to $36.65, after the retailer announced it would sell a $2 billion debt offering.

The Nasdaq Composite fell 12.38, or 0.5%, to 2730.68. The Standard & Poor's 500-stock index shed 3.61, or 0.3%, to 1310.19.

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Stocks slid in late trading Monday, on day of unusually light volume. Only 3.3 billion shares traded hands in New York Stock Exchange Composite volume.

Consumer discretionary stocks lagged, weighed by a 6.3% drop in Marriott International after the hotel operator said it has had robust demand internationally but North American growth has been lower than expected during the first quarter. Marriott also expects first-quarter worldwide revenue per available room -- a key industry metric -- to increase 7%, at the low end of guidance it had released earlier, sending shares down 2.36 to 35.30. Peer Starwood Hotels & Resorts Worldwide also weakened, closing down 3.37, or 5.7%, to 55.37.

However, the telecommunications sector gained after Robert W. Baird said it has "increased confidence" that AT&T's proposed merger with Deutsche Telekom's T-Mobile USA will pass regulatory muster, helping AT&T shares rise 51 cents, or 1.8%. to 29.36. Baird also said the deal could "benefit meaningfully" Verizon Communications, which gained 46 cents, or 1.2%, to 37.75; Metro PCS Communications, which rose 25 cents, or 1.6%, to 15.79; and Leap Wireless, which added 33 cents, or 2.2%, to 15.35.

Before the late afternoon slump, U.S. stocks got a mild boost from a reported 0.7% rise in consumer spending last month -- its the biggest increase since October and slightly better than economists' forecasts. Personal income rose by 0.3%, according to the Commerce Department. The savings rate, meanwhile, slid to 5.8%.

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Separately, pending sales of existing homes rose 2.1% in February, according to the National Association of Realtors' index, surprising economists who had expected a 0.2% rise.

"Looking at the data overall, things seem to be getting marginally better," said Paul Zemsky, chief investment officer of multi-asset strategies at ING Investment Management.

Vulcain is not the only brand to occupy the alarm-watch niche

Travel times
Vulcain is not the only brand to occupy the alarm-watch niche. In its Leman Réveil GMT “Anniversary 1735-2005″ model, Blancpain combined this complication with a dual time-zone indication in an unusual way: the alarm hand is connected to the dual time-zone display, that of the temporary location, indicated by the large hour and minute hands. The date is also indexed to the travel time. Another practical innovation lies in the movement’s automatic-winding mechanism enabling simultaneous winding of the winding mechanism. The Replica Rolex Day-Date Réveil du Tsar, by Breguet, features similar functions, along with a striking-mode indicator in a small window at 12:00. The Grande Class Traveller Minute Repeater El Primero by Zenith (see the chapter on Multi-Complications) includes an alarm function with a two-tone strike or vibrate mode, as well as two power-reserve indicators: one for the movement and the other for the striking mechanism. In 2005, Jaeger-LeCoultre launched the Master Grand Réveil, with perpetual calendar. The alarm mechanism features a barrel and lever independent from the main movement, as well as a hammer causing a gong suspended in the back of the watch to vibrate. The Replica Breitling Bentley alarm may be set to strike or vibrate mode—a choice appearing in an aperture between 10:00 and 11:00. In a more sporty style, Jaeger-LeCoultre has saluted its partnership with Aston Martin by creating the AMVOX1 R-Alarm, distinguished by its distinctive appearance reminiscent of dashboard counters. More recently, the Manufacture from Le Sentier introduced the Master Compressor Extreme W-Alarm. In addition to its shock-absorbing case, this ultra-sturdy and ultra-resistant watch features several patented innovations relating to the alarm mechanism.Instead of being fixed to the back of the case (which makes the alarm less audible when the watch is strapped to the wrist), the gong is wrapped around the movement and secured to the case middle by two pins. Moreover, the hammer strikes the gong in a specific place close to its fastening point.
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