You can click the 'news' page on your menu (default setting) to have a list of your news. But you can also, additionally print news on ANY place of your site. You can determine if you want to show lead (yes/no) or content already, if you want to allow to click the news to see it all (yes/no). You can decide how many news you want to show in this particular place of your site and after how many characters it should be cut to fit in the place.
Tu publish such list use the code:
<?php BI_NewsList(); ?>
All parameters you can determine at "Modules" section of your pilot.