On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Assembly Insurance committee approves bill to allow auto insurers to offer motorists wide-ranging pricing plans that match drivers' records (New Jersey Daily Briefing) (S)
Federal jury awards nearly $6 million to three women who sustained arm, wrist and hand injuries while using Digital Equipment Corp keyboards; case is first big victory against computer keyboard maker; Patricia Gerassy wins $5.3 million, Jill Jackson $306,000 and Jeanette Rotolo $278,000 (M)
Technology Shares Surge, Leading Market's Rebound Stocks continued their recovery from Friday's selloff, in a rally led by big gains in technology. The Dow Jones industrials jumped 82 points, to 6,463.94, and the Nasdaq set another record. The gains more than made up for the damage suffered Friday after a warning on market valuations by the Fed's chairman. $(Page D14.$) New Focus for Microsoft Network The Microsoft Network is expected to emerge from its face lift by looking to a broader audience, in part by emulating TV. $(D4.$) Labor Winning a Round in Germany German corporations are giving in to unions after vowing to cut sick pay. The trade association of banks and financial institutions said it would back down from its plan to cut the benefits. $(D8.$) Monsanto to Spin Off Chemicals Monsanto said it would spin off its $3 billion chemicals business to shareholders, cutting 2,500 jobs, or 9 percent of the work force. $(D4.$) Hospitals Woo Foreign Patients Going beyond their traditional international clientele of royalty, celebrities and the rich, top medical centers are wooing less affluent foreign patients to fill their beds. $(A1.$) Iraq Gets Approval for Oil Sales Iraq has gained permission to sell oil for the first time since it invaded Kuwait. The United Nations Secretary General, Boutros Boutros-Ghali, said it had met all requirements. $(A14.$) Oil futures prices fell on word that Iraqi supply would return to the market. $(D10.$) VW Expresses Regret to G.M. Volkswagen expressed regret to General Motors for the ''trouble and costs'' caused by the dispute over VW's hiring of a top G.M. executive. But G.M. said that the statement was insufficient to settle the dispute. $(D11.$) Mastercard Takes On a Rival Mastercard is introducing a travel-oriented card aimed at American Express's traditional base of people who pay their monthly bills in full. The new World Mastercard will offer no pre-set spending limit, travel benefits and a credit line for those who pay bills over time. $(D2.$) Settlement in Price-Fixing Case Four companies accused of fixing the price of citric acid have agreed to pay $94 million to settle a class-action suit, lawyers said. $(D4.$) Netscape and 5 Companies in Deal Netscape Communications announced a marketing agreement under which five regional telephone operating companies will make Netscape Navigator their primary browser software for the Internet. $(D4.$) Unusual Tack in Rexene Fight In an unusual strategy to try to force Rexene to consider selling itself, Guy P. Wyser-Pratte, the arbitrager, and Spear, Leeds & Kellogg have nominated four candidates -- all recruited by an executive search firm -- for Rexene's board. Market Place. $(D14.$) Insider Trading Settlement A former AT&T executive who was part of one of the largest cases of insider trading on record has agreed to pay more than $813,000 to settle S.E.C. charges. $(D12.$) Ashland to Shift Its Focus Ashland, a major producer and seller of gasoline and other products, said that it would cut spending on its core refining business and focus more on its other businesses. $(D2.$) Settlement in Back-Injury Case Acromed has agreed to pay $112 million to settle claims by patients who said that the pain in their backs grew worse after surgeons inserted steel screws and plates from the company that were meant to help them. $(A20.$) Rise in Ad Spending Is Seen Two closely watched forecasters cheered Madison Avenue with predictions of higher advertising spending for 1997 and the rest of the decade. Stuart Elliott: Advertising. $(D12.$)
In a victory for Schools Chancellor Rudy Crew, the Justice Department reversed an earlier ruling and approved the Chancellor's plan to take over a district in the South Bronx. The decision was the latest chapter in a long-running battle between Dr. Crew and the members of the District 12 board, whom the Chancellor suspended in a dispute over the board's choice of a superintendent. The Government found that Dr. Crew's new plan met the demands of the Voting Rights Act. Articles, page B2.
New era of competition in electric and gas industry is keeping investment bankers that specialize in utilities mergers busier than ever; some utilities are selling off generating plants and becoming marketers, buying energy from lowest bidder; others are acquiring adjacent utilities or moving into new businesses or expanding abroad; once sleepy utility area accounted for nearly 9 percent of merger deals in 1996; graphs; photo (M)
Music on My Birthday
The Top 50 albums for the chart week of December 4, 1996, covering December 10, 1996.
Bush
Snoop Dogg
No Doubt
Makaveli
Celine Dion
1996Joe Burrow, American football player[†]
Joseph Lee Burrow is an American professional football quarterback for the Cincinnati Bengals of the National Football League (NFL). He played college football for the Ohio State Buckeyes and the LSU Tigers, winning the Heisman Trophy and the College Football Playoff National Championship as a senior. He was selected by the Bengals first overall in the 2020 NFL draft.
1996Kang Daniel, South Korean singer and entrepreneur[†]
Kang Daniel, stylized as KANGDANIEL, is a South Korean singer-songwriter, actor, television host, and businessman who rose to fame in early 2017 as the first-place winner of the second season of reality competition series Produce 101. He is a former member of the show's resulting boy group Wanna One that, at the time, was a major power player in the K-pop industry.
1996Faron Young, American singer-songwriter, guitarist, and actor (born 1932)[†]
Faron Young was an American country singer, musician, and songwriter from the early 1950s into the mid-1980s. His hits including "If You Ain't Lovin' " and "Live Fast, Love Hard, Die Young" marked him as a honky-tonk singer in sound and personal style; and his chart-topping singles "Hello Walls" and "It's Four in the Morning" showed his versatility as a vocalist.
1996The new Constitution of South Africa is promulgated by Nelson Mandela.[†]
The Constitution of South Africa is the supreme law of the Republic of South Africa. It provides the legal foundation for the existence of the republic, it sets out the human rights and duties of its citizens, and defines the structure of the Government. The current constitution, the country's fifth, was drawn up by the Parliament elected in 1994 general election. It was promulgated by President Nelson Mandela on 18 December 1996 and came into effect on 4 February 1997, replacing the Interim Constitution of 1993. The first constitution was enacted by the South Africa Act 1909, the longest-lasting to date.
In 1996, the world population was approximately 5,842,055,734 people[†]