On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented.

“We have growing concerns about the long-term sustainability of Otis’ operations in Russia, especially with mounting regulations and supply chain disruptions.

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...

Elevator maker Otis raised its full-year revenue forecast on Wednesday, after beating first-quarter profit estimates on sustained demand for its maintenance and modernization services.

Instead, the U.S. maintained claims against the company, saying that Otis Elevators submitted false claims for repayment to the TVA for preventative maintenance services that were not rendered.

Otis Worldwide showcases resilience in its service-centric model, navigating challenges in elevator industry markets. See why I rate OTIS stock a buy.

Schindler Elevator Corp. named industry veteran Ray Bisson as chief executive officer for its U.S. operations, based in Morristown.