Blackstone Group

PMI Postpones Q4 Results on FGIC Earnings Delay 

The PMI Group said late Wednesday that it will postpone the release of its fourth quarter earnings due to delays in obtaining fourth quarter 2007 financial results from FGIC Corporation. The insurer said results for its mortgage insurance operations were complete, but that it could not release its full results without FGIC’s financials. No date for a rescheduled earnings release was set.