April 12, 1997 in Nation/World

Milestones

 
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Ten years ago: Texaco Inc., fighting an $11 billion judgment in favor of Pennzoil Co. stemming from Texaco’s acquisition of Getty Oil Co., filed for federal bankruptcy protection. Texaco later settled with Pennzoil for $3 billion.

Five years ago: After five years in the making, Euro Disneyland, a theme park costing $4 billion, opened in Marne-La-Vallee, France, amid controversy as French intellectuals bemoaned the invasion of American pop culture.

One year ago: President Clinton named U.S. Trade Representative Mickey Kantor to succeed the late Ron Brown as commerce secretary.


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