Help with RSS

Question

Hi all I want to know how it would be possible to set up a rss feed on a site, and then get the information added to the new site to use on my site. For instance a new news topic.I want to build something that can take the detail of the new news post and display is in a more proper way in my site. Such as date published, topic, description and news detail of the new post in some sort of a Grid view... Thanks in advance,