Microsoft and News Corp Among Stocks Cheering 52-Week Price Highs as S&P Closes at 1,365

Microsoft Corp. (NASDAQ:MSFT): With Microsoft set to deliver the first consumer preview of Windows 8, it is becoming increasingly evident that Steven Sinofsky will be the next CEO of the company, according to Business Insider. The shares closed at $31.74, down $0.13 or 0.41% on the day. They have traded in a 52-week range of $23.65 to $31.93.

News Corp. (NASDAQ:NWSA): President Obama has used an executive order to create a new agency charged with protecting American intellectual property, according to The Hill. Formed in the wake of complaints from Hollywood about foreign websites pirating American content, the agency will employ lawyers and analysts who will examine enforcement issues, the White House said, according to The Hill. The shares closed at $19.87, up $0.06 or 0.3% on the day. They have traded in a 52-week range of $13.38 to $19.96.

Ipass Inc. (NASDAQ:IPAS): iPass and Cubic Telecom announced a new agreement that will enable Cubic Telecom users to access more than 680,000 Wi-Fi hotspots in 117 countries internationally as they roam using the Maxroam data and voice roaming service. The shares closed at $2.16, down $0.09 or 4% on the day. They have traded in a 52-week range of $1.11 to $2.30.

Lorillard Inc (NYSE:LO): A U.S. judge ruled that a new regulation requiring large graphic health warnings for cigarette labels and ads violates free-speech rights, in a decision that favors the tobacco companies, reported Reuters. The shares closed at $131.08, up $1.47 or 1.13% on the day. They have traded in a 52-week range of $76.93 to $131.10.

Medcohealth Solution (NYSE:MHS): CVS Caremark (NYSE:CVS) says can compete “very successfully” with a merged Express/Medco (ESRX, MHS) if merger is approved. The shares closed at $67.59, down $0.05 or 0.07% on the day. They have traded in a 52-week range of $44.60 to $68.40.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com