News Summary: Nike cuts ties to Livestrong charity

News Summary: Nike cuts ties to Lance Armstrong's cancer charity Livestrong, ends 9-year run

Associated Press

END OF ERA: Nike, which helped build Lance Armstrong's Livestrong cancer charity into a global brand and introduced its familiar yellow wristband, is cutting ties with the foundation.

STRONG RESULTS: Nike will stop making Livestrong apparel after 2013, but will honor the financial terms of their deal until it expires in 2014. Over nine years, the sports shoe and clothing company helped the foundation raise more than $100 million and made the charity's bracelet an international symbol for cancer survivors.

WHERE'S LANCE?: The breakup is the latest fallout from the former cyclist's doping scandal. Lance Armstrong no longer has a relationship with either Livestrong or Nike.

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