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you are in the "cnn newsroom." i'm paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland's largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global e...

The second largest school district in the country is bracing for major disruption this week. the union representing thousands of los angeles school workers is planning a three-day strike. the walkout comes after negotiations broke down following nearly a year at the table. and some union members now claim they've been harassed while asking for more money. the superintendent says those allegations are being reviewed. >> we have not been presented with compelling evidence that there's widespread abuses. are there issues? yes. each one of them are vigorously investigated and the consequences are ...