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Otis Worldwide Corp. rethinking its business in Russia

Elevator manufacturer Otis Worldwide Corp. is reevaluating its future in Russia amid the ongoing war in Ukraine. Otis Chief Executive Judith Marks spoke during an earnings conference call with industry analysts Monday. She says the company is disheartened by the escalation of the crisis and is evaluating the best ownership structure for the business, whether that's with Otis or somewhere else. The company has said its operations in Russia represented approximately 2% of its 2021 revenue, based mostly on new equipment sales. In March, Otis announced it would not take new elevator and escalator orders in Russia and not make new investments in the country

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

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