Burger chain Shake Shack orders up IPO on Wall Street

Shake Shack is bringing its burgers, milkshakes and crinkle-cut fries to Wall Street.

The burger chain filed for an initial public offering Monday, hoping to raise as much as $100 million. It didn’t say how many shares it plans to offer, or at what price, so that number may change. It plans to use the cash raised to open more restaurants and to renovate existing stores.

Fiat Chrysler recalls 67,000 pickups for clutch problem

Fiat Chrysler is recalling about 67,000 model year 2006 and 2007 pickups because of a problem that could allow the trucks to be started without the clutch being depressed. Chrysler said one death is associated with the problem.

The National Highway Traffic Safety Administration opened an investigation into the trucks in May after receiving a report of a child starting a pickup without using the clutch. The truck moved forward, striking and killing another child, the safety agency said.

The company said Monday that a wire in the clutch ignition interlock switch could break in trucks with manual transmissions.

Walgreen shareholders bless Alliance Boots deal

Walgreen shareholders have voted in favor of the nation’s largest drugstore chain spending nearly $16 billion to complete the final step in its purchase of European health and beauty retailer Alliance Boots.

Walgreen bought a 45 percent stake in Alliance Boots, which runs the United Kingdom’s largest pharmacy chain, in 2012 for about $6.7 billion in cash and stock. The Deerfield, Illinois, company then said in August that it would buy the remaining stake.

Ruble declines by 7 percent amid signs of recession

The Russian currency has extended its losses, declining by 7 percent as the economy shows the first signs of recession.

The ruble, which has been one of the world’s worst performing currencies this year, traded at 57 rubles on Monday morning, wiping off some of the gains it made last week.

— From news service reports

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