Enron Files for Bankruptcy. The Houston, Texas-based energy company filed for Chapter Eleven bankruptcy after reports of widespread accounting fraud became public. At that time, the company became the largest company in the history of the United States to declare bankruptcy.

Benazir Bhutto is sworn in as Prime Minister. Benazir Bhutto takes office as Pakistan's Prime Minister, becoming the first woman PM of Pakistan.

First artificial heart transplant. Barney Clark became the first person to receive a permanent artificial heart. The surgery occurred at the University of Utah Medical Center. Clark lived for 112 days after the transplant.

LaGuardia Airport in New York City opens its doors. The airport was named after New York Mayor Fiorello La Guardia. American Airlines was the first carrier to regularly provide passenger service.

Napoleon is crowned Emperor of France. Napoleon Bonaparte had risen through the ranks of the French army during the French revolution and became one of the most influential political figures of his era. His self-coronation as Napoleon I took place in Notre Dame in Paris, France.