I recently purchased a new computer and reinstalled Miktex 2.9, with WinEdt 9.0. By and large everything works until I tried to compile a document with a bibliography and nothing happened. I tried to compile the same document with TexWorks, and it worked beautifully, hence a problem (I suspect) with WinEdt 9.0. My MWE is:
\documentclass[12pt,a4paper]{article}
\usepackage{microtype}
\usepackage{lipsum}
\usepackage{biblatex}
\addbibresource{mybib.bib}
\title{XXXX}
\author{Joe Bloggs}
\date{\today}
\begin{document}
\maketitle
\lipsum[1-2]
\nocite{*}
\printbibliography
\end{document}
Is anyone able to suggest what may be happening? WinEdt gives me this message when I try to BibTex the file:

The .bib file is:
@Book{Overbye1991,
Title = {Lonely Hearts of the Cosmos},
Author = {Dennis Overbye},
Publisher = {MacMillan},
Year = {1991},
Address = {London},
Timestamp = {2015.05.11}}
Thank you for your help!
The log had this to say:

.blgwhich will have some information. – David Carlisle May 11 '15 at 10:20