Nike Ends Contract with Lance Armstrong

NEW YORK (AP) -- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade.

The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."

Nike Inc. said it will continue to support the initiatives of Livestrong, a cancer non-profit organization.


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