How to set your news items showing on your homepage as so;
All you need to do is ensure you tick 'Show Summary' as Page Type.
(Ensure you have a folder named 'News')
Click on the news folder;
To create a news page click add a new page
(or if you have created your page/s already simply select edit)
In the Page Type drop down select: Show Summary.
You will now be able to see items listed on your home page.
If you wish to have an image showing in the news section, upload an image in 'Summary Image' section;