(function($) {

$.fn.newsScroll = function(options) {

	return this.each(function() {	

		var
		  $this = $(this), 

		  defaults = {
		  	speed: 400,
		  	delay: 3000,
		  	list_item_height: $this.children('li').outerHeight()
	     },

		  settings = $.extend({}, defaults, options); 

	  setInterval(function() {
	  	    $this.children('li:first')
	  	    		.animate({
	  	    			marginTop : '-' + settings.list_item_height,
	  	    		   opacity: 'hide' },

	  	    		   settings.speed,

	  	    		   function() {
	  	 					$this
	  	 					  .children('li:first')
	  	 					  .appendTo($this)
	  	 					  .css('marginTop', 0)
	  	 					  .fadeIn(300);
  		 			  }
 	 			  );
 	  }, settings.delay);
	});
}

})(jQuery);