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Five Norwegian green industry projects receive $573 mln in EU funding

Five Norway-based projects have received a total of 510 million euros ($573 million) from the European Union's innovation fund for green technology projects, government agency Enova said in a statement on Friday.

Focus: New twist on NIMBY: No factory in my backyard

Fred Chapman has a message for Ford Motor Co , which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people.

Samsung profit likely lowest in more than 14 years as chip glut persists

Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

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