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 factorys 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 spam 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
July 29 - The Israeli Supreme Court acquits accused Nazi death camp guard John Demjanjuk of all charges and he is set free.
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.
November 24 - In the United Kingdom, 11-year olds Robert Thompson and Jon Venables are convicted of the child murder of 2-year-old James Bulger of Liverpool (they were sentenced to "indefinite detention").
US President Bill Clinton sends 6 American warships to Haiti to enforce United Nations trade sanctions against the military-led regime in that country.
ATF raids the Branch Davidian compound in Waco, Texas. The Branch Davidians refuse to leave the compound for several weeks. The compound eventually catches on fire killing most of the cult members, including leader David Koresh.
March 5 - Canadiansprinter Ben Johnson is banned from international competition for life after testing positive for banned substances for the second time.
April 30 - During a changeover at a tennis tournament in Hamburg, Germany, Monica Seles is stabbed in the back by a deranged fan of rival Steffi Graf. Seles would not play competitively for more than two years after the incident.