<?
$db_connect=@mysql_connect ($db_host,$db_user,$db_pass);
$db_select=@mysql_select_db ($db_name);

$query="SELECT * FROM news ORDER BY posted DESC";

$result=@mysql_query ($query);

if ($result && @mysql_num_rows($result) > 0)
{
$news_text="";

while ($row=mysql_fetch_array($result)  
{
$posted=strftime ("d.m.Y", $row['posted']);

//Tytuł

$news_text .= '<font color="black" size="10" face="Verdana">';
$news_text .= stripslashes ($row['title']);
$news_text .= '<br>'

//Treść
$news_text .= stripslashes ($row ['body'];
$news_text .= '<br><br>'
}

}

else {
echo "Nie odnaleziono żadnych newsów w bazie danych.";
}

@mysql_close ($db_connect);

?>

Parse error: parse error in c:usrkrasnalwwwzatwierdzoneindex.php on line 14

while ($row=mysql_fetch_array($result)  


nie masz jednego nawiasu - musi byc  
while ($row=mysql_fetch_array($result))

aa stosuj odpowiedni bbcode w tym przypadku -> [php]