Germany dives 3.6% - US GDP drops 6.2% - US may control 36% of Citicorp

Horror vor der Wall Street German index looses 3.6%

• Markets skid on Citi, GDP | Track futures
• GDP slides 6.2% on slower consumer spending

U.S. to control up to 36% of Citi

9:00am: Shift of preferred shares to common stock increases embattled bank's capital base. Stock down by nearly half in volatile premarket trading. more

• Oil retreats | Dollar rallies