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Wreckage found...More bodies could be on ferry...Stocks open lower

By The Associated Press | Posted - Dec. 30, 2014 at 8:00 a.m.

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PANGKALAN BUN, Indonesia (AP) — Wreckage and the bodies of victims have been found near Indonesia's Borneo Island, two days after AirAsia Flight 8501 disappeared while on a flight to Singapore. Searchers believe they've spotted more wreckage in the relatively shallow water, no more than 100 feet deep. Relatives of the 162 people on board screamed and wailed as they saw TV images of the recovery effort, including the body of a man floating in the water.

TIRANA, Albania (AP) — Prosecutors in Italy say they fear more bodies will be found aboard the crippled Greek ferry Norman Atlantic. It's adrift for the third day after a fire broke out on a car deck. At least 10 people were killed. A prosecutor has ordered the ferry to be towed to the southern Italian port of Brindisi as part of a criminal investigation. He says it's likely other bodies will be found in the cargo areas, since it appears there were migrants stowed away on board.

NEW YORK (AP) — A lawyer for Republican Congressman Michael Grimm of New York says Grimm "fully embraces and accepts his responsibility for his actions." Grimm announced last night that he will resign before the new Congress begins its work. When he pleaded guilty to tax evasion last week, he had vowed to stay in Congress as long as he could. But he now says he can't give the job his full attention.

WASHINGTON (AP) — Home prices haven't been climbing as quickly as before. The Standard & Poor's/Case-Shiller 20-city home price index increased by 4.5 percent in October from 121 months earlier. It's the eleventh straight month of slower price gains. And it comes as real estate sales have fallen, and affordability has increasingly become a challenge for potential buyers.

NEW YORK (AP) — Stocks have opened slightly lower. European markets fell earlier today, and Greece's main index was down slightly, as that country heads for elections that could affect its bailout program.

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The Associated Press


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