Adding noapic to the kernel command line enabled shutdown/reboot/suspend/resume 
for me, but it wouldn't boot reliably.
This issue seems to be caused by a buggy driver for the Synopsys Designware I2C 
DMA controller, which is also used in the HP x360 and various other 2-in-1s and 
laptops. Blacklisting the dw_dmac kernel module enables shutdown, reboot, and 
suspend/resume for me on both Arch Linux and Ubuntu 14.10, but my fix should 
work on 14.04 and presumably other distros/versions as well.

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https://bugs.launchpad.net/bugs/1341925

Title:
  [Dell Inspiron 11 - 3147] System will hang on reboot / poweroff

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