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New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -0.8% /quotes/zigman/38649152/delayed DOW -0.7% /quotes/zigman/30356458/delayed NASDAQ -0.6%

need to know
FTSE 100 seesaws, eyes loss for volatile week
The Dow did something it's never done before
Google rebuffs EU on antitrust charges
China worries trigger big outflow from EM
Japan's inflation flat in July; beats expectations

Amgen gets FDA OK for cholesterol treatment
Icahn discloses stake in Freeport McMoRan
Wall Street’s missing a closed-end bargain

Poland looks next to turn against the EU

Apple Watch debut was better than it looked: IDC

Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

U.K. pound caught in euro-dollar crossfire

How momentum investing could go out of style
Momentum investing could be going out of style

New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Then and now

John Bogle sees promise in market pullbacks

These are the best jobs for millennials
These are the best jobs for millennials

When your Chinese food arrives by plane

What should China do to fix its economy?
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and a mysterious rally

One billion people logged onto Facebook Monday in new company milestone
1 billion people used Facebook in one day

Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

Sorry, Uber, but this is the end of the IPO party

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

10 fall beers with absolutely no pumpkin in them
10 fall beers with absolutely no pumpkin in them

How the media just can’t spot economic crisis

How to cope when you’re suddenly uninsured

/conga/frontpage.html 353520

Latest News

    /news/latest
  1. 4:36a

    Europe stocks pull back as volatile week nears an end

  2. 4:26a

    FTSE 100 seesaws, eyes loss for volatile week

  3. 4:12a

    Dow industrials futures drop 115 points, or 0.7%, to 16,535

  4. 4:12a

    S&P 500 index futures down 15.30 points, or 0.8%, to 1,937.75

  5. 4:12a

    Nasdaq 100 futures fall 28.50, or 0.7%, to 4,299.50

  6. 4:10a

    Meet Denmark’s ‘Iron Lady’, who could cost Google $6.6 billion

  7. 3:49a

    China stocks surge amid suspected government buying

  8. 3:27a

    5 silly new words in the Oxford dictionary that could come in handy

  9. 3:03a

    Spain's IBEX 35 opens 0.4% higher at 10,334.30

  10. 3:02a

    France's CAC 40 opens 0.3% higher at 4,667.56

  11. 3:02a

    Germany's DAX 30 opens 0.2% higher at 10,335.35

  12. 3:02a

    FTSE 100 index up 0.3% to 6,211.65

  13. 3:01a

    French CAC 40 index up 0.3% to 4,670.08

  14. 3:01a

    German DAX 30 index up 0.1% to 10,331

  15. 3:01a

    U.K.'s FTSE 100 opens 0.3% higher at 6,210.65

  16. 3:01a

    Stoxx Europe 600 index up 0.1% to 362.68

  17. 3:01a

    Stoxx Europe 600 opens 0.1% higher at 362.70

  18. 3:01a

    Poland looks like next country to turn against the EU

  19. 2:53a

    Apple Watch debut was better than earnings suggested, IDC says

  20. 2:52a

    China’s economy may be in worse shape than people think

  21. Loading more headlines...

Markets »

171.98MDow Volume:
Avg Vol: 111.57M
Unchanged
150
Decliners
1105
Advancers
5358
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,372 +11 0.47%
Gold
/quotes/zigman/662444/delayed 1,128 +5 0.47%
Oil
/quotes/zigman/2331095/delayed 42.04 -0.52 1.22%
FTSE 100
/quotes/zigman/3173262/delayed 6,191 -1 0.02%
DAX
/quotes/zigman/2380246/delayed 10,227 -89 0.86%
CAC 40
/quotes/zigman/3173214/delayed 4,639 -19 0.41%
FTSE MIB
/quotes/zigman/1482176/delayed 22,042 -159 0.72%
IBEX 35
/quotes/zigman/2759620/delayed 10,289 -1 0.01%
Stoxx 600
/quotes/zigman/2380150/delayed 360 -2 0.62%
Asia Dow
/quotes/zigman/6959860/realtime 2,797 +44 1.61%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,416 +185 0.71%
Singapore
/quotes/zigman/1709939/delayed 2,960 +15 0.50%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.39%
Yen
/quotes/zigman/16008150/realtime/sampled 120.87 -0.16 0.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.08%
DXY Index
/quotes/zigman/1652083/delayed 95.48 -0.28 0.29%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.17 -0.09 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 1.14%
German 10y
/quotes/zigman/15866409/realtime 0.72 -0.02 2.94%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.01 0.58%
Spain 10yr
/quotes/zigman/15866444/realtime 2.05 0.00 0.23%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 -0.05 2.54%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 1.79%
Crude Oil
/quotes/zigman/2331095/delayed 42 -1 1.22%
Gold
/quotes/zigman/662444/delayed 1,128 +5 0.47%
Corn
/quotes/zigman/7599553/delayed 376 +1 0.27%
DJIA F
/quotes/zigman/38649152/delayed 16,529 -121 0.73%
S&P F
/quotes/zigman/30356461/delayed 1,974 -15 0.77%
Silver
/quotes/zigman/3134148/delayed 14 0 0.50%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.73 2.54 2.91%
AAPL /quotes/zigman/68270/composite 112.92 3.23 2.94%
GOOG /quotes/zigman/30194416/composite 637.61 8.99 1.43%
BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
GE /quotes/zigman/227468/composite 25.01 1.00 4.16%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/233369/composite MCD+2.29%
  • /quotes/zigman/19622165/composite BBRY+5.89%
  • /quotes/zigman/395341/composite SCCO+10.37%
  • /quotes/zigman/30394102/composite ZOES+3.99%
  • /quotes/zigman/55553287/composite NK+1.09%
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Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

Legal Advice on Mega Millions Office Pools

With Friday’s Mega Millions jackpot now at $640 million, many coworkers may be piling their cash together to vie for a piece of the record jackpot. They might want to consult a lawyer first.

Getty Images

Before tossing money into an office pool, there are steps workers can take to ensure they get their fair share of any winnings, says New Jersey attorney Eric Kahn. He represented the five construction workers who sued a coworker for their cut of a $38.5 million payout. “People assume they’re never going to win the jackpot,” he says. “ “Then when they win, there’s a problem.”

Kahn’s clients sued coworker Americo Lopes, who they claim told them he was on leave for surgery in November 2009, when in fact he had won the big jackpot. When another person in the pool learned of his winnings a few months later, he discovered Lopes won on a date they played as a group. A jury awarded the former co-workers $4 million each. But most employees can avoid the courtroom with some simple steps, says Kahn.

For starters, make a list of the names and numbers of everyone in the pool, he says. A written contract isn’t necessary, but there should be no question about who played. Everyone who puts in cash should have a copy of the ticket. And if the person responsible for buying the ticket also plays the lottery regularly on their own, tickets that are meant to be shared with co-workers should be clearly identified. “You really want to eliminate any possibility of someone saying ‘I should have been included and was not,’” says Kahn.

There should also be a provision for vacations, since even loyal participants in an office pool might miss one particular drawing, Kahn says. Set up a system where people can put in their contribution before they take off on a trip or if they should just stay out of the ticket that week, he says. Last spring one worker in New York missed out on his share of a $319 million jackpot because he didn’t have the two bucks to put into the pool.

Also See:

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 10)

View all Comments »
    • Someone is already begging for money and it’s hours before the drawing. It would be nice to win, but I would only want to win if I could remain anonymous.

    • The expected value is not 1:1 after a cash payout and taxes. It is more like 23 cents.

    • http://zapit.nu/1zg
      we need Help, So Plz help us,….. :) This money will be donate for Orphan child. Just click URL to help us. Ur One Click Help To Build Our Life perfectly :)

    • Good article. I wouold add the following:

      (1) It is critical to purchase and distribute the pool’s tickets BEFORE the drawing.

      (2) Someone should sign the back of the tickets in the event of theft.

      (3) Remember that in some states, only one person can claim tghe prize, which means one person will get hit with the tax implications. Create a trust or LLC so that the tax implications can be shared amongst everyone in the pool.

      (4) In lieu of asking who wants to participate at every drawing, it might be more practical to ask who wants to be a “permanent” or “regular” participant in the pool, and give people the opportunity to Opt-Out of participation one or two days before the drawing. Spares you the headache of some one claiming they should have been in the pool, and filing legal papers on the pool. Whether distributing copy of tickets on paper or email, you may want to consider adding a statement that “only the tickets purchased on behalf of the pool, as copied on this medium, may be claimed by the pool. No other tickets acquired by the purchaser of the Pool’s tickets, may be claimed by the pool.”

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -0.8% /quotes/zigman/38649152/delayed DOW -0.7% /quotes/zigman/30356458/delayed NASDAQ -0.6%

need to know
FTSE 100 seesaws, eyes loss for volatile week
The Dow did something it's never done before
Google rebuffs EU on antitrust charges
China worries trigger big outflow from EM
Japan's inflation flat in July; beats expectations

Amgen gets FDA OK for cholesterol treatment
Icahn discloses stake in Freeport McMoRan
Wall Street’s missing a closed-end bargain

Poland looks next to turn against the EU

Apple Watch debut was better than it looked: IDC

Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

U.K. pound caught in euro-dollar crossfire

How momentum investing could go out of style
Momentum investing could be going out of style

New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Then and now

John Bogle sees promise in market pullbacks

These are the best jobs for millennials
These are the best jobs for millennials

When your Chinese food arrives by plane

What should China do to fix its economy?
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and a mysterious rally

One billion people logged onto Facebook Monday in new company milestone
1 billion people used Facebook in one day

Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

Sorry, Uber, but this is the end of the IPO party

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

10 fall beers with absolutely no pumpkin in them
10 fall beers with absolutely no pumpkin in them

How the media just can’t spot economic crisis

How to cope when you’re suddenly uninsured

/conga/frontpage.html 353520

Latest News

    /news/latest
  1. 4:36a

    Europe stocks pull back as volatile week nears an end

  2. 4:26a

    FTSE 100 seesaws, eyes loss for volatile week

  3. 4:12a

    Dow industrials futures drop 115 points, or 0.7%, to 16,535

  4. 4:12a

    S&P 500 index futures down 15.30 points, or 0.8%, to 1,937.75

  5. 4:12a

    Nasdaq 100 futures fall 28.50, or 0.7%, to 4,299.50

  6. 4:10a

    Meet Denmark’s ‘Iron Lady’, who could cost Google $6.6 billion

  7. 3:49a

    China stocks surge amid suspected government buying

  8. 3:27a

    5 silly new words in the Oxford dictionary that could come in handy

  9. 3:03a

    Spain's IBEX 35 opens 0.4% higher at 10,334.30

  10. 3:02a

    France's CAC 40 opens 0.3% higher at 4,667.56

  11. 3:02a

    Germany's DAX 30 opens 0.2% higher at 10,335.35

  12. 3:02a

    FTSE 100 index up 0.3% to 6,211.65

  13. 3:01a

    French CAC 40 index up 0.3% to 4,670.08

  14. 3:01a

    German DAX 30 index up 0.1% to 10,331

  15. 3:01a

    U.K.'s FTSE 100 opens 0.3% higher at 6,210.65

  16. 3:01a

    Stoxx Europe 600 index up 0.1% to 362.68

  17. 3:01a

    Stoxx Europe 600 opens 0.1% higher at 362.70

  18. 3:01a

    Poland looks like next country to turn against the EU

  19. 2:53a

    Apple Watch debut was better than earnings suggested, IDC says

  20. 2:52a

    China’s economy may be in worse shape than people think

  21. Loading more headlines...

Markets »

171.98MDow Volume:
Avg Vol: 111.57M
Unchanged
150
Decliners
1105
Advancers
5358
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,372 +11 0.47%
Gold
/quotes/zigman/662444/delayed 1,128 +6 0.49%
Oil
/quotes/zigman/2331095/delayed 42.04 -0.52 1.22%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 0 0.00%
DAX
/quotes/zigman/2380246/delayed 10,227 -89 0.86%
CAC 40
/quotes/zigman/3173214/delayed 4,639 -19 0.42%
FTSE MIB
/quotes/zigman/1482176/delayed 22,042 -160 0.72%
IBEX 35
/quotes/zigman/2759620/delayed 10,288 -2 0.02%
Stoxx 600
/quotes/zigman/2380150/delayed 360 -2 0.63%
Asia Dow
/quotes/zigman/6959860/realtime 2,797 +44 1.61%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,414 +183 0.70%
Singapore
/quotes/zigman/1709939/delayed 2,960 +14 0.49%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.40%
Yen
/quotes/zigman/16008150/realtime/sampled 120.87 -0.16 0.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.08%
DXY Index
/quotes/zigman/1652083/delayed 95.48 -0.29 0.30%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.17 -0.09 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 1.14%
German 10y
/quotes/zigman/15866409/realtime 0.72 -0.02 2.94%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.01 0.58%
Spain 10yr
/quotes/zigman/15866444/realtime 2.05 0.00 0.23%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 -0.05 2.54%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 1.79%
Crude Oil
/quotes/zigman/2331095/delayed 42 -1 1.22%
Gold
/quotes/zigman/662444/delayed 1,128 +6 0.49%
Corn
/quotes/zigman/7599553/delayed 376 +1 0.27%
DJIA F
/quotes/zigman/38649152/delayed 16,529 -121 0.73%
S&P F
/quotes/zigman/30356461/delayed 1,974 -15 0.77%
Silver
/quotes/zigman/3134148/delayed 14 0 0.43%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.73 2.54 2.91%
AAPL /quotes/zigman/68270/composite 112.92 3.23 2.94%
GOOG /quotes/zigman/30194416/composite 637.61 8.99 1.43%
BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
GE /quotes/zigman/227468/composite 25.01 1.00 4.16%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/233369/composite MCD+2.29%
  • /quotes/zigman/19622165/composite BBRY+5.89%
  • /quotes/zigman/395341/composite SCCO+10.37%
  • /quotes/zigman/30394102/composite ZOES+3.99%
  • /quotes/zigman/55553287/composite NK+1.09%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

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