Member access

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

NIKE INC (NKE)

132
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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

01/18/2013 | 08:30am US/Eastern
   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

Latest news on NIKE INC
1d ago NIKE : Train kids to stand on their own feet
1d ago NIKE : Train kids to stand on their own feet
2d ago NIKE : Just one more won't hurt: It starts innocently enough: you buy a pair of ..
2d ago U.S. Patents Awarded to Inventors in Oregon (Oct. 24)
2d ago NIKE : Assigned Patent
3d ago NIKE : Why Nike Is Working With Karlie Kloss
3d ago FINTECH : Instinct Studios secures £1.5m in a bid to deliver ‘Nike-like&rs..
3d ago NIKE : Patent Issued for Training Scripts
3d ago NIKE : Patent Issued for Multi-Functional Manufacturing Tool
3d ago NIKE : Patent Issued for Golf Ball Having Layers with Specified Moduli and Hardn..
Advertisement
Chart
Duration : Period :
Nike Inc Technical Analysis Chart | NKE | US6541061031 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF