Speed Reads....

Tiger Woods announced on Twitter today that he is not playing in the U.S. Open (THE DAILY).

The Pistons today announced that PNC Bank has renewed its presenting sponsorship for the '11-12 season and playoffs, marking the fourth consecutive season PNC has been the team's official banking partner (Pistons).

Puma today announced that it has entered into a new partnership to become the official technical supplier for the South African Football Association beyond the next two FIFA World Cups. Puma will provide jerseys for all South African national teams and will debut the Puma jersey during an Aug. 10 match (Puma).

Lakers G Kobe Bryant today announced the formation of the Kobe and Vanessa Bryant Family Foundation, which will concentrate on improving the lives of homeless individuals in L.A. (Lakers).

The July issue of Runner's World, which hits retails newsstands today, contains 42 pages on "Outrunning Cancer," profiling a link between running and battling the disease (Runner's World).