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A man who quit his job after winning the lottery is being forced to share the prize, reports the New York Times’ James Barron.

Americo Lopes worked for a construction company and often pooled money for lottery tickets with his co-workers.

When he scored a winning ticket in 2010, he quit his job on the spot, claiming he needed foot surgery.

After coming clean to a co-worker months later, five of Lopes’ ex-colleagues turned around and filed a lawsuit against him. 

On Wednesday, a jury in Union County ordered Lopes to divvy up the winnings—$17,433,966 after taxes—with the colleagues. There’s no word yet on how they’ll be split. 

Lopes wasn’t the first lottery winner to fib about his prize. Recently, a Waffle House waitress was ordered to pay a gift tax on a prize she won ten years ago. Colleagues sued her for a share, but they lost. 

Don’t Miss: See Which New York Scratch Ticket Offers The Best Payout >

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According to the Bureau of Economic Analysis, the U.S. exported $2.1 trillion worth of goods in 2011.

And a according to a new study by the Brookings titled Export Nation 2012, exports played a major role in pulling the U.S. economy out of recession, even as jobs were vanishing.

Exports jumped by over 11 percent in 2010–the first year of the recovery.  This represented the fastest growth rate since 1997.

Jobs supported by exports grew by 6 percent during that same period.

“Exports are helping to lead us out of the recession and into recovery,” says Emilia Istrate, lead author of the new report.

“Manufacturing industries accounted for about 61 percent of U.S. exports and produced three-quarters of the nation’s additional sales abroad between 2009 and 2010.”

What follows are the top 10 U.S. manufactured exports in 2010, which helped carry us out of the recession.

Electrical Equipment

Share of U.S. manufacturing exports:
3.4%

Share of manufacturing export growth:
3.4%

Total growth rate:
14.7%

Total revenue:
$32.2 billion

Source: Brookings

 

Fabricated Metal Products

Share of U.S. manufacturing exports:
3.4%

Share of manufacturing export growth:
3.9%

Total growth rate:
16.8%

Total revenue:
$32.6 billion

Source: Brookings

Medical Equipment, Sporting Goods & Miscellaneous

Share of U.S. manufacturing exports:
4.1%

Share of manufacturing export growth:
2.9%

Total growth rate:
9.6%

Total revenue:
$39.4 billion

Source: Brookings

See the rest of the story at Business Insider

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Tuesday continues a busy earnings week, while data streams out of Asia and Europe. Nonetheless it will be a relatively quiet day, as Coca-Cola and Walt Disney report. There are no major economic reports scheduled for release in the U.S., although December consumer credit will be announced.

Here’s what you need to know.

• The U.K. starts the day off early with retail sales at 7:01 p.m. EST on Monday evening. Sales are seen declining 0.8 percent in January, after a 2.2 percent gain the month before. 
• Philippine CPI will be announced at 8:00 p.m. EST, with expectations for the index to show 0.5 percent increases in December.
• Czech unemployment is out at 3:00 a.m. EST, with economists polled by Bloomberg expecting the jobless rate to jump 50 basis points to 9.1 percent for January.
• At the same time, industrial production for both Hungary and Denmark will be announced.  Output is seen expanding by 9.3 percent year-on-year in Hungary, while Denmark sees 0.3 percent growth sequentially for December. Also at 3:00 a.m. EST, Taiwan will announce total exports for January. Exports are seen falling 17.0 percent from year ago levels.
• Industrial production continues to roll out over the next several hours in Europe. At 4:00 a.m. EST Norway is expected to announce production grew by a slower rate than in November, at 0.1 percent. Estimates are not yet available for Portugal production, which last grew by 0.5 percent.
• Europe’s largest economy, Germany, will announce industrial production at 6:00 a.m. EST. The country is expected to see a reversal in production, with no growth in December after a 0.6 percent contraction in November.
• At 8:30 a.m. EST, North American gets into the fray when Canada announces new building permits. Permits are expected to increase 1.0 percent in December, after a 3.6 percent decline in November. 
• U.S. announcements start at 10:00 a.m. EST., with JOLTs Job Openings and economic sentiment. Job openings are seen expanding to 3.25 million from 3.16 million. Meanwhile, optimism as measured by Investor’s Business Daily is seen jumping to 48.6 from 47.5. A level below 50 indicates pessimism. 
• Federal Reserve chairman Ben Bernanke will testify at 10:00 a.m. EST on the state of the economy. Find coverage of his testimony live on Money Game. 
• Last on the agenda is consumer credit in the U.S. at 3:00 p.m. EST. Economists polled by Bloomberg see credit expanding by $7 billion, a decline from last month’s surprise $20.3 billion jump. 

U.S. corporates reporting quarterly results on Tuesday include names like Coca-Cola and Walt Disney. Below, a roundup of tomorrow’s big announcers.

Coca-Cola (KO): $0.77
AGCO (AGCO): $1.33
Western Union (WU): $0.40
CBRE Group (CBG): $0.44
Walt Disney (DIS): $0.71
DuPont Fabros Technology (DFT): $0.37
OpenTable (OPEN): $0.30
Panera Bread (PNRA): $1.42
Ralcorp Holdings (RAH): $1.35
Hartford Financial Services Group (HIG): $0.60

Consensus estimates provided by Bloomberg. 

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The big thing that would surprise people in Europe this year is growth.

And there’s more evidence that there’s some kind of pulse beating.

Last week after some decent PMI number, Goldman raised its 2012 GDP outlook from -0.8% to -0.4%.

The latest: German factory orders jumped 1.7% sequentially, nicely ahead of the 1.0% consensus.

Here’s a great chart of German factory orders vs. industrial production, courtesy of Markit.

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The Nevada Caucuses have been happening all day today and the result will surely be a Romney win. 

He’s the front-runner and presumptive nominee.  

The only questions that matter are these: 

How big does Romney win? 

Will Ron Paul come in second and confirm the wisdom of his campaign focusing on caucus states? 

Will Gingrich look viable at all after two consecutive drubbings, and the horrible press about his disorganized campaign? 

Over a quarter of GOP caucuses-goers are Mormons. How much of the non-Mormon vote does Romney get? The state has been rocked by unemployment and the worst of the housing bust. It will be fascinating to see how many of these voters Romney can get. 

Results: may take until morning. Roughly things stand at this with 15 percent reporting: 

Mitt Romney – 39

Ron Paul – 19

Newt Gingrich – 27

RIck Santorum – 14

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