Well do you want news updated by an outside source with an xml or rss feed, or do you want news that you add entries and the page is updated?
If you are referring to the second one, where you add news entries and then the page updates here is an idea. Basically, there are just a few functions you'll need to have:
One to add an entry
One to delete an entry
One to edit an entry(optional)
One to display x number of entries.
Then, you'd need to have a sql database of some sort to store the entries in. On the page where you were displaying the news you could just call the display function like:
display_news(4);
where 4 is the number of most recent entries to show on the page.
If you are interested in checking out how I did this for learning sake check out http://www.theherk.com/source.php?file=resources/integral.php. Down at the bottom there is a section called "News Class" and one called "News Admin" then you can see what I do with those in http://www.theherk.com/source.php?file=resources/control.php in the section "News CP" which is quite a ways down. The way I would display news on any page would be like:
$newsreel->news_display(4);
where 4 is the number of most recent entries to show. If you go to www.theherk.com you can see the news display on the main page.
Hope that helps a little.
Herk