Massachusetts business in brief

Staff Writer
Mount Shasta Herald

Mass. tax revenues down 16 percent

BOSTON – Tax revenues in Massachusetts plunged below expectations in February, with tax collections dropping 16.4 percent from the same month last year to $955 million, according to the state Department of Revenue. Big drivers for the decline included a 74 percent decline in corporate and business taxes to $42 million for the month, as well as a 7.8 percent drop in sales tax collections to $278 million for the month. State officials said February is traditionally one of the slowest months for tax collections, as there are no quarterly or annual payments due in the month.

Former Sen. Sununu new director for Boston Scientific

NATICK – Former U.S. senator John Sununu has joined Boston Scientific Corp.’s board of directors. Sununu, a New Hampshire Republican who lost his re-election bid to Jeanne Shaheen last November, had been in the Senate for six years, and was previously a U.S. representative for six years. Meanwhile, Joel Fleishman will retire from the Natick-based medical device company’s board in May. Fleishman had been on the board since the company went public in 1992.

State gas prices show two-cent increase

BOSTON – The average price for regular gasoline in the state rose another two cents per gallon in the past week, hitting $1.88 a gallon on Monday, according to AAA Southern New England. The current state average is six cents per gallon below the national average for regular, self-serve gas and is considerably less than the state average a year ago at this time of $3.07 a gallon.

Stop & Shop sales rise by 2.8 percent

QUINCY – Sales at the Stop & Shop/Giant-Landover unit of Royal Ahold, the Dutch retail conglomerate, rose 2.8 percent in the fourth quarter of last year to $4 billion from the same time in the previous year. Sales at stores open at least a year rose 2.3 percent at the Stop & Shop chain and 1.1 percent at Giant Food stores. The Quincy-based chains posted an operating income of $207 million, a 68 percent increase from the same time a year ago.

Uno, Boston Beer team to make steak sauce

BOSTON – The Uno Chicago Grill chain has another city in its name, but its headquarters is in Boston. That’s why it’s not much of a surprise that Uno has teamed up with another Boston institution, The Boston Beer Co. The maker of Samuel Adams beers is working with the pizzeria chain on a steak sauce that is now a permanent fixture on Uno’s menu with its “Brewmaster’s Grill NY Sirloin.” The sauce was originally introduced as part of a limited-time only menu in late 2007.

Deadline extended for Nominations for innovative businesses

WALTHAM – The Smaller Business Association of New England has extended its deadline for nominations for its New England Innovation Awards to March 11. New England firms in any industry that use innovative approaches can be eligible, although they need to employ fewer than 300 workers and have less than $100 million in annual sales.

Patriot Ledger staff