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Wednesday, Oct 17
2012, 11:40 AM
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance...
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test.