Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offered to buy Men's Wearhouse for about $2.3 billion. The increased offer price of $65 per share announced on Tuesday is a premium of 5.1 percent to Jos.
A dispute between the Central Intelligence Agency and a U.S. Senate committee that oversees it burst into the open on Tuesday when a top senator accused the agency of spying on Congress and possibly breaking the law. Senator Dianne Feinstein delivered a scathing critique of the CIA's handling of her panel's investigation into a Bush-era interrogation and detention program that began after the September 11, 2001, attacks but was only made public in 2006. She said the CIA searched committee computers to find out how staff obtained an internal agency review that was more critical of the interrogation program than the official CIA report. CIA head John Brennan denied the allegations.