I am not sure if this has been posted already, but this is how you can get a coloured name.
^1 -Red
^2 - Green
^3 - Yellow
^4 - Blue
^5 - Cyan
^6 - Pink
^7 - White
^8 - Default Map Color
^9 - Grey Or Default Map Color
^0 - Black
griezel32 (10-31-2010),SoupX (04-09-2011),Symmetrical (03-31-2013),thebaste (02-14-2011)