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Oct 17, 2012 9:03 AM

Nike severs ties with Lance Armstrong

(AP) - Nike severs ties with cyclist Lance Armstrong following doping scandal. Nike says, "Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him. Nike does not condone the use of illegal performance enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer."

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