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While the parties involved talk about whether they'll talk, Banc of America's taking a big step forward and raising their rating on General Motors from "sell" to "neutral." The investment bank's dropping all their chips on black and praying a GM/Renault-Nissan partnership will take place.'s really their clients we guess it's not that big a risk for them. Anyway, it worked — GM's up $0.53 on the news.

U.S. Stock-Index Futures Gain; GM, Citigroup Climb in Europe [Bloomberg]

Deustche Bank: Sell Deine GM! [internal]