Phil Mickelson back on top at Pebble Beach; Callaway reports less of a loss

Using an eagle on the final hole, Phil Mickelson went into the clubhouse with a share of the lead at the Pebble Beach National Pro-Am. Mickelson finished with a seven-under 65 to share the lead with Nick Watney and rookie John Mallinger. Jim Furyk is two shots off the pace after carding a 67. …

Sun Ju Ahn holds a one-shot lead after two rounds of the ANZ Ladies Masters. Michelle Ellis and Lotta Wahlin are a shot back. Following her victory at the Australian Open, Karrie Webb is seven shots back heading to the weekend. …

Callaway Golf Co. reported a narrower -than-expected fourth-quarter loss, attributing it to restructuring initiatives, as the maker of golf clubs and balls posted a loss of $10.2 million, or 15 cents a share, compared with a loss of $18.7 million, or 27 cents, a year earlier. Revenue increased 6.4 percent to $179.9 million.