News & Notes

2013-04-16T00:00:00Z News & NotesArizona Daily Star Arizona Daily Star Arizona Daily Star
April 16, 2013 12:00 am  • 

TUCSON

Summit Hut's Wetmore store moving to Oracle Rd.

Summit Hut, local purveyors of all things outdoors, will relocate its Wetmore location to the former Razmataz space in the Oracle Crossings shopping center, at 7745 N. Oracle Road.

The store plans to make its move in late June or early July, said Landon Q. Vincent, marketing manager for Summit Hut.

The Wetmore Summit Hut, at 605 E. Wetmore Road, will remain open until the move takes place.

New River-Craycroft Sparkle Cleaners location

Sparkle Cleaners, a laundry and dry-cleaning business established in Tucson in 1961, opened its 14th location on Monday.

The newest Sparkle is at 5653 E. River Road, at the corner of River and Craycroft, in the Whole Foods center.

ARIZONA

US Air CEO gets big compensation hike

The CEO of Tempe-based US Airways received a 44 percent increase in compensation to $5.5 million last year, The Associated Press reports.

US Airways disclosed CEO Doug Parker's compensation in a regulatory filing Monday that also served as a prospectus for the company's proposed merger with American Airlines.

The merger will make Parker the CEO of the world's biggest airline.

Parker's 2012 salary was $550,000, unchanged from previous years. He got stock and option awards valued at $2.7 million, a cash incentive of $2.2 million, and $47,821 in other compensation.

In a note to employees, Parker said his pay was based on compensation for CEOs of other airlines and similarly sized companies and was tied to the company's performance and its stock price. The company earned record net income of $637 million last year.

From staff and wire reports. Email News & Notes notices to business@azstarnet.com

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