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Hi,
I use the News 1.51 module from the Dev Forge (I started with v1.44 then upgraded via v1.50).
Go to Blocks Admin and look for the "Recent News" block. Click on edit and set it up as you wish. I have the spotlight turned on to display the most recent news item.
On my site the block is positioned "Centre Left" and with a "weight" of 10 (makes no difference on my site as it's the only centre-left block on the top page).
I set the title length to "35" to account for one particular news item but that might be too much for some.
The main thing is to remember to make the block visible in the "Top Page".
I've edited the template file (I think it's called news_block_top.html) to make the category description display "strong" and to set the title colour to the dark blue rather than the default orange.
For some reason I can't access my site to confirm the above exactly, but this is the general idea.
HTH