Forty-eight percent of Britons said they would do all their gift shopping online, ahead of Americans (42 percent) and Germany (41%). The study found that nearly one-third have largely turned to the Internet in order to avoid the check-out queue. The rise of online shopping has been a serious blow to the traditional high street, thousands of shops across the UK are now boarded up. NEW YORK Top home improvement chain Home Depot Inc (HD.N) reported quarterly results that beat analysts' estimates, but made a forecast that suggested weaker results at the end of the year and said a recovery might not take hold until the second half of 2010.The cautious outlook sent its shares down over 3 percent.Home Depot's net profit fell to $689 million, or 41 cents a share, for the third quarter ended November 1 from nba christmas day uniforms $756 million, or 45 cents a share, a year earlier.Analysts on average were expecting earnings of 36 cents per share, according to Thomson Reuters I/B/E/S. Sales fell about 8 percent to $16.36 billion, beating analysts' average forecast of $16.28 billion.Home Depot and rival Lowe's Cos Inc (LOW.N) have suffered from the protracted U.S. housing slump as customers have put off expensive renovations. Lowe's said on Monday it did not expect a housing market recovery to start until the middle of 2010.In an interview with Reuters, Home Depot Chief Financial Officer Carol Tome said she expects the first half of 2010 to be soft in terms of consumer demand, with some improvement coming in the second half of the year."There's nothing out there that says...

They would make another investment. They would go into another business" IRS Commissioner Douglas Shulman told the Subcommittee on Investigations on January 26."I know of (only) one circumstance in all of mutual funds where a mutual fund decided to be taxable, so it is very rare for a mutual fund to pay taxes."If the IRS determines its earlier rulings were wrong, and revokes the existing PLRs, commodity-focused mutual funds would have to find another way to structure their nba christmas day uniforms 2013 investments, scale back their holdings to below the 10 percent income limit, or exit the sector altogether.The resulting liquidation would put tremendous pressure on commodity prices and reverse much of the build up of speculative money in commodity markets over the past decade - which is precisely what some opponents of the PLRs want.

Chairman Levin is a leading critic of the impact investment flows have had on food and fuel prices.On the other hand, if the IRS eventually determines income from commodity investments via offshore subsidiaries and structured notes is qualifying income after all, it could see another large in-rush of funds into the sector.In addition to the pending applications, many other mutual funds could be launched if the IRS issues a generally applicable ruling that everyone can rely on rather than forcing each fund to seek its own PLR.Either way, the IRS decision could transform the landscape for retail commodity investors, and have a major impact on commodity prices.A TORTURED HISTORYIn nba christmas uniforms return for their exemption from corporate income tax, Congress stipulated that recognized investment companies, which is the formal tax law term for mutual funds, must derive at least 90 percent of their income from dividends, interest, payments with respect to securities loans and gains from the sale or other disposition of stock or securities.The restrictive list of possible investments was included in the original law granting tax breaks to mutual funds in 1936 and confirmed when Congress revisited the issue in 1954.

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