Quarterly Report Card For Warner Music: C-

Warner Music Group, the world’s third largest record company, posted a wider quarterly loss on Tuesday as the company contends with rapidly dropping music sales in the United States. Net loss widened to $17 million, or 12 cents per share compared with a loss of $14 million, or 10 cents per share for the year-ago quarter. For the three-month period ending June 30th, revenues dipped a mild 2% to $804 million, from $822 million...

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Apple Unveils New iMacs

As expected, Apple unveiled an all new iMac line featuring a 20 and 24-inch widescreen displays encased in elegant and professional aluminum and glass enclosures. The entire new iMac line features the latest Intel Core 2 Duo processors and a new, ultra-thin aluminum Apple Keyboard, built-in iSight video camera for video conferencing and iLife ’08. The new ultra-thin aluminum Apple Keyboard is just 0.33 inches thin at its front...

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