“European Union regulators on Wednesday fined United Technologies’ Otis unit and four other elevator makers $1.3 billion for operating cartels for the installation and maintenance of elevators and escalators in Germany, Belgium, Luxembourg and the Netherlands… Fined were Hartford, Conn.-based United Technologies Corp., the corporate parent of Otis Elevator; German conglomerate ThyssenKrupp AG; Finland’s Kone Corp.; Switzerland’s Schindler Holding AG and subsidiaries of Japan’s Mitsubishi Elevator Europe BV." Otis was fined almost 225 million euros (approximately $295 million).