Today in 1942 – During the Battle of the Coral Sea, United States Navy aircraft carrier aircraft attack and sink the Imperial Japanese Navy light aircraft carrier Shoho. The battle marks the first time in the naval history that two enemy fleets fight without visual contact between warring ships.
Today in 1998 – Mercedes-Benz buys Chrysler for US$40 billion and forms DaimlerChrysler in the largest industrial merger in history. It gets worse. Now they’re owned by FIAT (Fix It Again, Tony)