This is a very sleek Flash news slider using AS3 functionality and XML for fetching the data.

The main purpose of this Flash news slider is to show news on the front page with a title, an image, some descriptive text, and a link to the full article.

Also, the content being loaded is html formatted which allows for flexible customizations. You can find the steps for creating this Flash news slider along with the source files.

Other Available Resources:

Source: http://flashspeaksactionscript.com/files/source/news_slider.rar
Via faustocarrera.com
Demo