Nike, Anheuser-Busch Dump Lance Armstrong; Cycling Star Steps Down From Livestrong

Lance Armstrong's disgrace amid doping charges reached a new level after his biggest sponsor, Nike, announced that it was severing its 16-year relationship with the cycling star as he stepped down as chairman of his foundation, Livestrong. The athletic company said that it was no longer supporting Armstrong after the U.S. Anti-Doping Agency released an over 200-page report last week that included names of 11 teammates who detail cheating. A spokesman also confirmed Nike will change the name...Full Story
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