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  Microsoft launches Xbox greatest hits program
Time: 08:05 EST/13:05 GMT | News Source: Reuters | Posted By: Todd Richardson

Software giant Microsoft Corp. Tuesday said it would cut the price on some best-selling titles for its Xbox video game console, a week after rival Nintendo cut some game and hardware prices in a bid to spur sales. Redmond, Washington-based Microsoft said the "Platinum Hits" program would start with more than a dozen titles at a price of about $19.99 each. Top titles for the Xbox, which holds the No. 2 position in the U.S. market, usually retail for $49 or in some cases $39.

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