June 17, 2009

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Page one

$1m deal will open
Tall Ships to public

Mayor Thomas M. Menino and Governor Deval Patrick, ending weeks of anxiety for local businesses and disappointment among the public, have brokered a deal that will bring the Tall Ships to Boston this summer with $1 million in state funding to cover security costs, according to officials. (By Donovan Slack, Globe Staff)

Virus shuts Genzyme plant,
holds up drugs for 8,000

In an unprecedented move for Genzyme Corp. , the state's largest biotechnology company has halted production of two drugs for rare genetic disorders after a virus was discovered in production equipment at its Allston plant. (By Erin Ailworth and Robert Weisman, Globe Staff)

Lawmakers look to capital
gains tax to bolster savings

The economic downturn has produced a record decline in the taxes Massachusetts collects from taxpayers on their investment profits, a $1.6 billion drop-off that is largely responsible for the worst fiscal crisis to hit state government in decades. (By Casey Ross, Globe Staff)

Final curtain falls on North Shore

North Shore Music Theatre, which during its heyday was the largest nonprofit theater in the region, announced yesterday that it failed to raise enough money to reopen this summer and will close for good. (By Geoff Edgers, Globe Staff)

Harvard classrooms, labs
feel pinch of budget cuts

It's not just the hot breakfasts and shuttle bus service that have been targeted by Harvard University administrators in the age of the shrinking endowment. Once untouchable classrooms and laboratories are about to be hit - cuts that some on campus worry will diminish Harvard's academic ambitions. (By Tracy Jan, Globe Staff)

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