The $e^+e^-\to K^+K^-$ cross section and charged-kaon electromagnetic form factor are measured in the $e^+e^-$ center-of-mass energy range ($E$) from 2.6 to 8.0 GeV using the initial-state radiation technique with an undetected photon. The study is performed using 469 fb$^{-1}$ of data collected with the BABAR detector at the PEP-II $e^+e^-$ collider at center-of-mass energies near 10.6 GeV. The form factor is found to decrease with energy faster than $1/E^2$, and approaches the asymptotic QCD prediction. Production of the $K^+K^-$ final state through the $J/\psi$ and $\psi(2S)$ intermediate states is observed. The results for the kaon form factor are used together with data from other experiments to perform a model-independent determination of the relative phases between single-photon and strong amplitudes in $J/\psi$ and $\psi(2S)\to K^+K^-$ decays. The values of the branching fractions measured in the reaction $e^+e^- \to K^+K^-$ are shifted relative to their true values due to interference between resonant and nonresonant amplitudes. The values of these shifts are determined to be about $\pm5\%$ for the $J/\psi$ meson and $\pm15\%$ for the $\psi(2S)$ meson.
We present a measurement of the cross section of the process $e^+e^-\to\pi^+pi^-\psi(2S)$ from threshold up to 8 GeV center-of-mass energy using events containing initial-state radiation, produced at the PEP-II $e^+e^-$ storage rings. The study is based on 298 fb$^{-1}$ of data recorded with the BaBar detector. A structure is observed in the cross-section not far above threshold, near 4.32 GeV. We also investigate the compatibility of this structure with the Y(4260) previously reported by this experiment.