RaySat, a McLean-based supplier of low profile, satellite antennas, closed a $10 million first round investment led by Benchmark Capital and assisted by Seed Partners. The investment allows the company to target a multi-billion dollar market for delivery of broadband data and live satellite TV broadcasts into moving vehicles such as SUVs, trucks and boats. (06/24/2004, PRNewswire)

JER Investors Trust of McLean completed the sale of 11.5 million shares of common stock for proceeds of $172.5 million. The specialty finance company will use the proceeds to acquire commercial mortgage backed securities, bridge loans and other high-yield debt products. (06/17/2004, PRNewswire)

Circuit City, a Richmond-based electronics retailer, increased the scope of its stock repurchase authorization from $200 million to $400 million to enhance shareholder value. As of May 31, the company had already purchased and retired 15 million shares at a cost of $155.4 million. (06/15/2004, PRNewswire)

The University of Virginia announced the launch of a $3 billion fund-raising campaign, the largest in its history. With a December 2011 goal, the university has four potential $100 million donors, and 1,200 prospects for gifts of $1 million to $5 million. (06/14/2004, The Associated Press)