Webwire: Facebook share price drops again; EU searches for Google answers

Facebook’s share price continued to slide on the second day of public trading, falling 13.7% in early trading on Monday.
Time is running out for Google to propose answers to European Union competition concerns regarding its search services in the region.
Hutchison Whampoa has denounced as “groundless” reports that it may consider selling out of the UK market, if local unit 3 UK is not guaranteed spectrum in an upcoming 4G auction.
China’s Alibaba Group is courting its existing investors in a bid to raise $2.3 billion (€1.7 billion) in equity to cover some of a $7.1 billion share buy back from Yahoo.
UK bookstore Waterstones has reversed its stance on Amazon’s Kindle e-reader, agreeing to stock the device in its stores.
Five of the USA's largest cable companies – Comcast, Time Warner Cable, Cablevision, Bright House and Cox – have teamed up to offer access to their free Wi-Fi hotspots to each others' customers.
Microsoft claims Windows Phone handsets are now outselling the iPhone in China, with Microsoft's platform gaining a 7% market share after two months of availability.