There are at least two bands with this name, none of which are to be mistaken for The Runaways.
1. A punk band from Calgary, AB and surrounding areas:
2. British Downtempo Hip-Hop producers A.J. Kwame and Joe 2 Grand. Formerly known as RPM under which name they released singles on Mo Wax. In 1995 they changed their name to the Runaways (also known as Runaways UK) and were signed to Ultimate Dilemma in the UK and Three Sixty Records in the US. They recorded their debut album Classic Tales which was released in 1997. This was followed by a second album entitled Progress released in 2000 and featured a Hip-Hop aesthetic in the form of collaborations with various MC's.
*(somebody who knows more can put in more info)