On this day: December 31

POSTED: 02:25 AM PST Dec 29, 2012    UPDATED: 11:00 PM PST Dec 30, 2013 

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.

OTD December 31 - Beatles
28 / 47
Reuters

1970: Paul McCartney sues to dissolve The Beatles' contractual partnership and breaks ties with Allen Klein, who the other three members had chosen to manage their affairs. Legal disputes would continue long after the band's break-up, and the dissolution wouldn't be formalized until Jan. 9, 1975.

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