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Hide news from specific friend in news feed
When you want to keep them just friend and you don’t want to get the news updates from that person then you can easily hide their news in to your news feed. Just open that person’s profile and then mouse hover on friends and it will show you the couple of options (check out the bellow snapshot).
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Now if you don’t want news and status updates from that person then simply un mark “show in news feed” and then Facebook will not show his news in to your news feed and what if you want to get every updates from the person ? then do the same thing visit that person’s profile and then mouse hover on friends and select get notifications then Facebook will notify you when they share anything. You can do same thing for Facebook pages.
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Use Facebook Friend Organizer
If you are getting much updates from some Facebook friends and you want just few updates from that Facebook friend then you can do it by using Facebook Friend Organizer and then you will see rare updates from them in to your news feed.
If you want every updates into your news feed then simply deselect that friend and then click on “add to acquaintances” and then it will not show you much posts from that Facebook friends.