GE Industrial Profit to Quicken in 2014 as Finance Slips

General Electric Co. projected accelerating sales and profit growth at its manufacturing units next year as Chief Executive Officer Jeffrey Immelt moves ahead with a plan to cut back the company’s lending business.

Earnings from GE’s industrial divisions, which make products ranging from jet engines to oil-field equipment, will grow at a “double digit” pace in 2014, according to a presentation yesterday to analysts and shareholders in New York. Revenue from those units, excluding the effect of acquisitions, will expand by as much as 7 percent.