Articles

Benchmark stock indexes suffer worst week since 2012

The Standard & Poor’s 500 index retreated 2.1 percent Friday, to 1,790.31, to close at  its lowest level since Dec. 17. The benchmark index declined 2.6 percent this week. The Dow Jones industrial average lost 3.5 percent this week.

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WellPoint to unload 1-800-Contacts unit

Financial terms of the sale to Boston-based private equity firm Thomas H. Lee Partners LP weren’t disclosed. WellPoint paid a reported $900 million to buy the company in June 2012.

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Cummins sues T-shirt sellers for logo infringement

Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.

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Lilly, other drugmakers to keep paying doctors

Eli Lilly and Co., Pfizer Inc., Sanofi and other large drugmakers will keep paying doctors to give talks about their products, leaving GlaxoSmithKline Plc alone for now in its decision to halt such compensation.

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