May 7 - 7:55pm EDT   Peer-to-peer music service Qtrax may be more than three months late, but new reports have the company finally signing a deal with Universal Music Group. Back in January, the new company announced it would work with the four major labels to bring users free music, with ads as the sole source of revenue. The labels, comprised of EMI, Sony BMG, Universal and Warner, promptly denied the claims. [full story]