On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...

Schindler Elevator Corp. named industry veteran Ray Bisson as chief executive officer for its U.S. operations, based in Morristown, the company announced Dec. 16. Most recently, Bisson was executive ...

ROME (Reuters) -Italy's competition authority (AGCM) has closed its investigation into Otis, it said on Thursday, after the U.S. elevator maker said it would refund Italian customers to the tune of ...

Otis Worldwide is the largest elevator and escalator original equipment manufacturer globally with integrated operations that span manufacturing and installation activities, as well as elevator and ...

Jan 29 (Reuters) - Otis (OTIS.N), opens new tab forecast 2025 profit below estimates and missed fourth-quarter profit expectations on Wednesday on sustained weakness in demand for new equipment in ...

April 23 (Reuters) - Elevator maker Otis (OTIS.N), opens new tab raised its full-year revenue forecast on Wednesday, after beating first-quarter profit estimates on sustained demand for its ...

Otis Elevator Company has agreed to pay more than $500,000 to resolve allegations tied to the False Claims Act. The settlement was announced Friday by the U.S. Attorney’s Office for the Eastern ...

SEATTLE, May 23, 2025 /PRNewswire/ -- A new, double-deck glass elevator from Otis opened for its first rides to passengers Friday as part of a new experience at the iconic Space Needle. Visitors to ...