Chuy's Holdings Inc. said Monday that it has furloughed about 40% of workers, including corporate and administrative workers. In addition, all senior management and salaried workers will have their pay temporarily slashed by 25% to 75%. Chuy's has also drawn down the remainder of its credit facility, $25 million, bringing its total cash and cash equivalents on hand to $28 million. The Tex-Mex chain had no debt under its facility at the end of fiscal 2019. Chuy's has withdrawn its financial guidance for fiscal 2020 and cancelled non-essential capital expenditures. The company's total capital expenditures had been expected to reach $23 million to $30 million. Ninety-two of Chuy's restaurants have moved to take-out and delivery only with the remaining nine closed. Chuy's stock has slumped 53% over the past year while the S&P 500 index is down 10.3% for the period.

Oil futures get the week off to an ugly start, with the U.S. benchmark dipping below the psychologically important $20-a-barrel level to trade at an 18-year low as the global COVID-19 pandemic crushes demand and a price war between Saudi Arabia and Russia floods the world with crude.

A civil servant would typically sign such federal disbursements, said Don Hammond, a former longtime Treasury Department official.

Yum Brands Inc. disclosed Monday it will pay one-time $1,000 bonuses to the nearly 1,200 restaurant general managers at its Taco Bell, KFC, Pizza Hut and The Habit Burger Grill restaurants, to acknowledge their efforts in the face of the COVID-19 pandemic. To help pay for the bonuses, Chief Executive DAvid Gibbs has agreed to forgo all salary compensation for the rest of 2020. The stock, which slipped 0.4% in premarket trading, has lost 32% over the past three months, while the S&P 500 has declined 21%.

Ulta Beauty Inc. said Monday that it will close all of its stores until further notice. Store and salon associates will be paid until mid-April and continue to receive the benefits for which they are enrolled. Ulta's e-commerce business will remain operational, with distribution facility workers receiving a $2-per-hour pay raise. Last week, the retailer announced a series of coronavirus-related measures including drawing down $800 million from its credit facility and rethinking its stock buyback program. Ulta Beauty stock has lost half its value in the last year while the S&P 500 index is down 10.3% for the period.

Food services company Sysco Corp. said Monday it is suspending its share buyback program and reducing capital spending as the coronavirus that causes COVID-19 has disrupted the away-from-home food business. The company is expecing sales to fall in the short term because of the virus. To combat the effect, Sysco is reducings its workforce through furloughs and other headcount reductions. It is tapping $1.6 billion of its $2.0 billion revolving credit facility. Shares were slightly higher premarket but have fallen 41% in the year to date, while the S&P 500 has fallen 21%.

Millions of dollars could go to U.S. workers, cities and towns if corporate leaders do their part.

Performance Food Group Co. said Monday it is suspending its stock repurchase program, as part of measures taken to protect its financial position in light of the uncertainties related to the COVID-19 pandemic. The foodservice distribution company said it has bought back $5 million worth of its shares during its fiscal third quarter through March 23. The company said it is also drawing $400 million from its $3 billion credit facility and halting all non-essential capital expenditures. Over the past weeks, the comapny said it sighted agreementw with 10 new grocery retail partners, distributed groceries to about 480 new grocery locations and entered into new partnerships to support online ordering for its customers. The stock, which was still inactive in premarket trading, has lost 50% over the past three months, while the Dow Jones Industrial Average has declined 24%.

EasyJet grounds all flights due to the coronavirus pandemic and is unable to give a date for when commercial flights will restart.

If ever there were doubts about how the superaffluent are faring amid a pandemic for the ages, media mogul David Geffen wants to make it abundantly clear that, for his part, he’s doing just fine — and he wishes us all the best.