January 19 - IBM announces a $4.97 billion loss for 1992 which is the largest single-year corporate loss in United States history.
19 January - Iraq disarmament crisis: Iraq refuses to allow UNSCOM inspectors to use its own aircraft to fly into Iraq, and begins military operations in the demilitarized zone between Iraq and Kuwait, and the northern No-Fly Zone. US forces fire approximately 40 Tomahawk cruise missiles at Baghdad factories linked to Iraq's illegal nuclear weapons program. Iraq then informs UNSCOM that it will be able to resume its flights.
February 8 - General Motors sues NBC after Dateline NBC allegedly rigged two crashes showing that some GM pickups can easily catch fire if hit in certain places. NBC settled the lawsuit the next day.
March 31 - A bug in a program written by Richard Depew sends an article to 200 newsgroups simultaneously. The term spamming is coined by Joel Furr to describe the incident.
April - The Kuwaiti government claims to uncover an Iraqi assassination plot against former US President George H. W. Bush shortly after his visit to Kuwait. Two Iraqi nationals, caught with smuggled hashish and alcohol inside Kuwait, confess to driving a car-bomb into Kuwait on behalf of the Iraq Secret Service [1].
June 18 - Iraq disarmament crisis: Iraq refuses to allow UNSCOM weapons inspectors to install remote-controlled monitoring cameras at two missile engine test stands.
June 27 - US President Bill Clinton orders a cruise missile attack on Iraqi intelligence headquarters in the Al-Mansur district, Baghdad, in response to the attempted assassination of former U.S. President George Bush during his visit to Kuwait in mid-April.
July 5 - Iraq disarmament crisis: UN inspection teams leave Iraq. Iraq then agrees to UNSCOM demands and the inspection teams return
August 4 - A federal judge sentences LAPD officers Stacey Koon and Laurence Powell to 30 months in prison for violating motorist Rodney King's civil rights.
