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WEST HOLLYWOOD, Calif. (AP) — Marion "Suge" Knight, the former music mogul who created one of hip-hop's leading labels and became the impresario of gangster rap, was arrested early Friday on suspicion of hitting and killing a man with his truck and fleeing the scene of the crash near Los Angeles.
Shake Shack, a hamburger chain that prides itself on fresh ingredients and good service, soared Friday in its first day of trade on Wall Street. Near 1740 GMT, shares of the restaurant chain were at $48.24 on the New York Stock Exchange, up 129.7 percent from its initial public offering (IPO) price of $21. It has been compared to the fast-growing burrito chain, Chipotle Mexican Grill, whose motto is "Food with Integrity." Chipotle also emphasizes food customization, high-quality ingredients and the use of meats not raised on antibiotics and hormones. People are trading up," Shake Shack chief executive Randy Garutti told CNBC.