Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Nike Inc    NKE   US6541061031

NIKE INC (NKE)

126
Delayed Quote. Delayed Nyse - 10/01 04:01:29 pm
87.7 USD   -1.68%
7h ago NIKE : Post-Earnings Insight and Review - NIKE
10h ago ADIDAS : seeks to placate investors with share buyback
10h ago ADIDAS : seeks to placate investors with share buyback
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

NIKE, Inc. : Nike To Support Livestrong; 'Saddened' It Was Misled by Armstrong

01/18/2013 | 07:30am US/Eastern
Recommend:
0
   By Melodie Warner 
 

Nike Inc. (NKE) said it will continue to support the Livestrong Foundation, although it already terminated its contract with former professional cyclist Lance Armstrong in October.

In an interview with Oprah Winfrey that aired Thursday evening, Mr. Armstrong said he used performance-enhancing drugs to win his seven Tour de France titles. While being treated for testicular cancer, he created the Lance Armstrong Foundation, which is now known as the Livestrong Foundation. In October, Mr. Armstrong stepped down as chairman of the charity amid fallout from doping allegations.

On Friday, Nike said it doesn't condone the use of illegal performance-enhancing drugs in any manner and the company remains "saddened after being misled for more than a decade."

The maker of sports apparel pledged continued support of Livestrong's initiatives to help people affected by cancer.

Write to Melodie Warner at melodie.warner@dowjones.com.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news on NIKE INC
4h ago NIKE : pulls Peterson merchandise
7h ago NIKE : Post-Earnings Insight and Review - NIKE
10h ago ADIDAS : seeks to placate investors with share buyback
10h ago ADIDAS : seeks to placate investors with share buyback
14h ago ADIDAS : Cash is stolen in break-in
1d ago NIKE : Results of Operations and Financial Condition, Financial Statements and E..
1d ago NIKE : League hails its sponsor hat-trick
2d ago NIKE : US stocks gain on Nike earnings, Apple rally
2d ago AMERICAN APPAREL : hires turnaround expert as interim CEO
3d ago Consumerism booms as Cambodia embraces once-forbidden capitalism
Advertisement
Chart
Duration : Period :
Nike Inc Technical Analysis Chart | NKE | US6541061031 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF