Senate Bill 199 directs the Indiana Commission for Higher Education to review programs whose graduates earn median wages below the average earnings of a high school graduate in Indiana.

Filosa said he was optimistic about swinging back to profit in North America, where the company reported a $1.1 billion loss during the second half of the year, following writedowns and charges.

BASF warned it will need to step up cost-saving efforts, as the company faces a continuing slump in Europe's chemicals industry.