food industry
FDA recalls eggs on salmonella fears

Federal officials say nearly 207 million eggs have been recalled because of fears that they may have been contaminated with salmonella, a type of bacteria that causes serious illnesses and deaths, particularly among children and elderly people.

Rose Acre Farms is recalling the products after federal officials tied illnesses to the company’s facility in North Carolina, the Food and Drug Administration said. Twenty-two people on the East Coast have been sickened by salmonella. No one has died.

An FDA probe led to an inspection of the farm in Hyde County, N.C., which produces 2.3 million eggs a day from 3 million hens. Rose Acre Farms eggs are distributed to retail stores and restaurants in Colorado, Florida, New Jersey, Pennsylvania, Virginia, West Virginia and the Carolinas.

The eggs were sold under brand names such as Great Value, Country Daybreak and Crystal Farms. They were also sold to Waffle House restaurants and Food Lion stores.

— Kristine Phillips

media
Netflix reports strong first quarter

Netflix posted its strongest start to a year since the company went public 16 years ago, thanks to fast growth in markets across Latin America and Europe, the company reported Monday.

The streaming service added 7.41 million subscribers in the first quarter of the year, Netflix said in a statement, easily topping analysts’ projections . Netflix now has 125 million paying customers, the most of any online TV network.

Netflix said first-quarter profit rose to 64 cents a share, from 40 cents a year earlier. Sales for the quarter grew 40 percent, to $3.70 billion. For the current quarter, Netflix is predicting earnings of 79 cents a share and revenue of $3.93 billion.

— Bloomberg News

fraud
Ex-BP economist pleads guilty

A former refining supply economist with BP America faces up to 20 years in prison over a failed online extortion scheme against the Houston-based energy company.

U.S. prosecutors say George Koutsostamatis, 28, of Chicago pleaded guilty to wire fraud in a case involving emails he sent from an outside account. A federal judge in Houston on Monday accepted the plea and let Koutsostamatis — who is no longer with BP — remain free on bond pending sentencing.

Investigators say Koutsostamatis falsely claimed to have personal information about BP workers and threatened to release the data and to provide internal company details to competitors. He demanded 125 bitcoin.

He was indicted in November.

— Associated Press

Also in Business

Domino's pizza chain said its drivers will now deliver pizza, cheesy bread and other food on its menu to customers at U.S. beaches, parks and landmarks. Domino's said it will deliver to 150,000 outdoor locations including under the Gateway Arch in St. Louis; by the Las Vegas welcome sign; or next to a statue of soul singer James Brown in Augusta, Ga. The locations show up in the company's app or website as "Domino's Hotspots."

T-Mobile USA agreed to pay $40 million to resolve a government probe that found it failed to correct problems with delivering calls in rural areas and inserted false ring tones in hundreds of millions of calls, the Federal Communications Commission said. The FCC said false ring tones "cause callers to believe that the phone is ringing at the called party's premises when it is not." The uncompleted calls "cause rural businesses to lose revenue, impede medical professionals from reaching patients in rural areas, cut families off from their relatives, and create the potential for dangerous delays in public safety communications," the FCC said.

Coinbase has purchased Earn.com, a business that allows users to get paid in digital currency when they respond to emails and complete certain tasks. Earn.com co-founder and chief executive Balaji Srinivasan, who was general partner at Andreessen Horowitz, will join Coinbase as chief technology officer, the San Francisco-based cryptocurrency exchange said in a blog post. The terms of the transaction were not disclosed,

Carl Icahn's company struck an approximately $1.85 billion deal that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts. The agreement includes the sale of Tropicana's real estate to Gaming and Leisure Properties. Icahn Enterprises bought a stake in Tropicana in 2008. The Las Vegas company owns and runs eight casinos and resorts. Eldorado Resorts is acquiring the operating assets of seven casinos in Nevada, Indiana, Louisiana, Mississippi, Missouri and New Jersey.

— From news reports

Coming today

8:30 a.m.: Housing starts for March.

9:15 a.m.: Industrial production for March.

Earnings: CSX, Johnson & Johnson, United Continental, UnitedHealth.