IBM announces a $4.97 billion loss for 1992 which is the largest single-year corporate loss in United States history
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 settles the lawsuit the following 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