A new kernel update for 3.16 is out now. This update can only successfully be performed by using the terminal and the command

sudo apt-get update && sudo apt-get upgrade

Note: On attempting to install the kernel the script will ask to abort the installation as the kernel is currently running. Choose no there to continue installation. Also choose yes further on if it asks to overwrite stuff. 

The new kernel update brings bugfixes to some boot problems discovered on some systems and some enhancements in handling with squashfs.