var i=0;
var flipTime;
var pauseTime = 4000;
var duration = 250;

function newsFlip(){
var container = document.getElementById("newsContainer");
var newsItems = container.getElementsByTagName("span");
var numOfNews = newsItems.length;

if(i == numOfNews){
i=0;
}

i = i + 1;

$("#newsContainer").children("span").hide();

newsItems[i-1].setAttribute('id', 'nyh-'+i);
$('#nyh-'+i).fadeIn(duration);
setTimeout("$('#nyh-"+i+"').slideUp(duration);",pauseTime);
flipTime = setTimeout("newsFlip();",pauseTime + duration);
}

$(document).ready(function() {
newsFlip();
});