Rent the Runway is aiming for a valuation of as much as $1.5 billion in its U.S. initial public offering, as the fashion rental company looks to cash in on rising interest in pre-owned clothing.

Volkswagen AG's top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year.

Shareholders in British supermarket group Morrisons on Tuesday approved a 7 billion pound ($9.7 billion) agreed takeover offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R).

Kering's star fashion brand Gucci grew sales by 3.8% in the third quarter, missing analyst expectations, as the pace of recovery from the coronavirus pandemic slowed down sharply following a bumper second quarter, particularly in Asia.

At least 50% of British luxury carmaker Aston Martin's sales should be electric models by 2030, the company's top executive said on Tuesday.

British supermarket group Morrisons said on Tuesday shareholders at an investor meeting approved a 7 billion pound ($9.7 billion) takeover offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R). (Reporting by James Davey)

Kering's star brand Gucci grew sales by 3.8% in the third quarter, missing analyst expectations, as the pace of recovery from the coronavirus pandemic slowed down sharply following a bumper second quarter, particularly in Asia.

Results from companies Procter & Gamble Co and Danone SA as well as phone maker Ericsson on Tuesday show higher costs and supply chain disruptions, signaling more margin pressure for global firms and higher prices for shoppers.

Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday.

Executives with United Parcel Service Inc, Walt Disney Co and other companies are expected to meet with White House officials on Tuesday to discuss President Joe Biden's plan to require that private-sector workers receive COVID-19 vaccinations, according to public filings.