Loadvars and duplicate movie clip question

I’m having a couple problems with my news ticker. First, I can’t seem get the vars to load correctly. I would also like to create and array of movieclips, I’m not sure if this is possible, but I would like to have something along the lines of:
newsArray*.movieclip.textfirst.property

I’ve attached to movie and txt file, if anyone can take a look and point me in the right direction, I would greatly appreciate it

Thanks