Walmart's college tuition program now free for all its workers

Walmart is cutting all costs for employees who enroll in the retailer's college tuition program, with the country's largest private employer saying it'll get rid of the $1 a day fee to encourage more of its roughly 1.5 million workers to participate. 

In another example of a company seeking to find and keep workers in a tight labor market, the retail giant on Tuesday said it would invest nearly $1 billion over the next five years on training and career development for employees. "Our education offerings tie directly to our growth areas at Walmart, and what better way to fill the pipeline of future talent than with our own associates," Lorraine Stomski, Walmart's senior vice president of learning and leadership, stated in a news release.