Rival suitors GE and Siemens were told by the French government to come up with better offers for engineering group Alstom on Tuesday.
Joe Kaeser, CEO of Siemens, says that his group's offer for Alstom's power assets is "compelling", and "superior" to the one proposed by General Electric.
Hollande will meet Obama in a restaurant overlooking the iconic Champs-Elysees before going back to his residence for a supper with Putin.
Angela Merkel has asked France whether it would be willing to put forward Christine Lagarde as president of the European Commission, two sources said.
The CEO of German conglomerate Siemens tried to calm a storm over job cuts after he let slip that his restructuring plan might cut 11,600 jobs.
General Electric has improved its offer for French train and turbine maker Alstom, with a pledge to create 1,000 jobs in France, sources said.
General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.
President Obama said to President Putin during a phone call that Russia would have to face further sanctions if it continues its actions in Ukraine.
Sophie Pedder, the Economist's Paris bureau chief, says new French prime minister Manuel Valls signaled a "u-turn" in policy, announcing tax and spending cuts.
Howard Davies, professor at Sciences Po, says issues in France such as high unemployment will force president Francois Hollande into a policy change.
Bruno Jeanbart, director of political studies and opinion polls at Opinionway, discusses whether any big wins the National Front may gain in this weekend¿s French local elections will be repeated on a national scale.
Douglas Yates, assistant professor of political sciences at the American University of Paris, comments on the outcome of the first round of the French local elections and what it means for the national agenda.
Douglas Webber, professor of political science at INSEAD, says the European elections in May could be a "major earthquake" for the French socialist party as they could lose out to far-right candidates.
Jonathan Fenby, director of China research at Trusted Sources, says France's National Front is winning working class voters who would have traditionally voted for left-wing parties.
Antonio Barroso, senior vice president at Teneo Intelligence, says the while the opposition is likely to win more votes during France's local elections, the ruling Socialist party will be able to limit the damage.
Edmund Shing, global equity portfolio manager at BCS Financial Group, says the French public is "disillusioned" with President Francois Hollande's left, and the political right wing in the country.
Crimea's parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days in an escalation of the crisis over Crimea.
President Obama addresses the agreements him and French President Francois Hollande have made together, including on Syria's chemical weapons, and boosting exports and expanding trade.
Charles Kolb, president of the French-American Foundation, says he hopes that French president Francois Hollande and his U.S. counterpart Barack Obama talk about the EU-U.S. trade deal.
Domestic politics could be at the center of discussions between Hollande and Obama, as tea party-like movements gain popularity in France.