Business briefs

Toy Box in Surrey to close Jan. 27


The Toy Box in Surrey Center is closing.

Owner Juli Means said the last day of business will be Jan. 27. Means said she is closing the independent toy store at 445 Highland Ave. to stay at home and spend more time with her two children.

She purchased The Toy Box in 2007.

Means said the business was doing well. She said several people were interested in buying the store, but they decided not to.

The Toy Box is having a store-closing sale, including all toys and some fixtures, through the closing date.

30-year mortgage is at 3.88 percent

WASHINGTON — The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent one week ago.

The average on the 15-year fixed mortgage ticked up to 3.17 percent from 3.16 percent, which was also a record low. Records for mortgage rates date back to the 1950s.

Google misses earnings mark

SAN FRANCISCO — Google’s moneymaking machine misfired badly in the fourth quarter as its advertising prices fell during the holiday marketing season.

The results announced Thursday fell far below the expectations of stock market analysts and Google’s shares plunged more than 9 percent.

Google Inc. earned $2.7 billion, or $8.22 per share, in October to December, just 6 percent more than the $2.5 billion, or $7.81 per share, it earned a year earlier. Analysts expected $10.51.

– From staff and wire reports