Thanks for your reply. As command + R couldn't take me into recovery mode (the progress bar stalls), I still managed to boot from a USB drive on which I have OS X 10.10.3 installed. I ran Disk Utility from there to try fixing the 500 GB "Macintosh HD".
Verify/Repair Disk Permissions is disabled.
Ran Verify Disk. It said the Drive needs to be repaired.
Ran Repair Disk as instructed. It ended up with
The partition is unable to be mounted.
At the point, I would like to know how to recover some of my most important data from the hard drive. Thanks!
Full text of Disk Utility activity log is pasted below. I have highlighted the most important lines. Hope the log helps.
2015-04-11 11:53:04 -0700: Verifying partition map for "TOSHIBA MK5065GSXF
Media"
2015-04-11 11:53:04 -0700: Starting verification tool:
2015-04-11 11:53:04 -0700: Checking prerequisites
2015-04-11 11:53:10 -0700: Checking the partition list
2015-04-11 11:53:10 -0700: Checking for an EFI system partition
2015-04-11 11:53:10 -0700: Checking the EFI system partition's size
2015-04-11 11:53:10 -0700: Checking the EFI system partition's file system
2015-04-11 11:53:23 -0700: Problems were found with the partition map which
might prevent booting
2015-04-11 11:53:23 -0700: Error: The partition map needs to be repaired because
there's a problem with the EFI system partition's file system.
2015-04-11 11:53:23 -0700:
2015-04-11 11:53:23 -0700: : The partition map needs to be repaired because
there's a problem with the EFI system partition's file system.
2015-04-11 11:53:23 -0700: Verifying volume "Macintosh HD"
2015-04-11 11:53:23 -0700: Starting verification tool:
2015-04-11 11:53:23 -0700: Verifying storage system
2015-04-11 11:53:23 -0700: Checking volume
2015-04-11 11:53:23 -0700: disk0s2: Scan for Volume Headers
2015-04-11 11:53:25 -0700: disk0s2: Scan for Disk Labels
2015-04-11 11:53:27 -0700: Invalid Disk Label @ 499239710720: cksum mismatch
2015-04-11 11:53:27 -0700: Logical Volume Group
1B3DBB0D-7858-4564-BEB2-C25BDB9CF25C on 1 device
2015-04-11 11:53:27 -0700: disk0s2: Scan for Metadata Volume
2015-04-11 11:53:27 -0700: Logical Volume Group has a 24 MB Metadata Volume with
double redundancy
2015-04-11 11:53:27 -0700: Start scanning metadata for a valid checkpoint
2015-04-11 11:53:27 -0700: Load and verify Segment Headers
2015-04-11 11:53:27 -0700: Load and verify Checkpoint Payload
2015-04-11 11:53:27 -0700: Load and verify Transaction Segment
2015-04-11 11:53:27 -0700: Incorporate 0 newer non-checkpoint transactions
2015-04-11 11:53:27 -0700: Load and verify Virtual Address Table
2015-04-11 11:53:27 -0700: Load and verify Segment Usage Table
2015-04-11 11:53:27 -0700: Load and verify Metadata Superblock
2015-04-11 11:53:33 -0700: Load and verify Logical Volumes B-Trees
2015-04-11 11:53:36 -0700: Logical Volume Group contains 1 Logical Volume
2015-04-11 11:53:36 -0700: Load and verify 33350FE3-AAD8-43EF-82B3-B0669CC8895E
2015-04-11 11:53:36 -0700: Load and verify A325582B-2E6C-45A6-A619-9F2A8D11D980
2015-04-11 11:53:36 -0700: Load and verify Freespace Summary
2015-04-11 11:53:36 -0700: Load and verify Block Accounting
2015-04-11 11:53:36 -0700: Load and verify Live Virtual Addresses
2015-04-11 11:53:36 -0700: Newest transaction commit checkpoint is valid
2015-04-11 11:53:36 -0700: Load and verify Segment Cleaning
2015-04-11 11:53:40 -0700: The volume 1B3DBB0D-7858-4564-BEB2-C25BDB9CF25C
appears to be OK
2015-04-11 11:53:40 -0700: Storage system check exit code is 0.
2015-04-11 11:53:40 -0700: Verifying file system.
2015-04-11 11:53:40 -0700: File system check exit code is 8.
2015-04-11 11:53:40 -0700: Error: This disk needs to be repaired. Click Repair
Disk.
2015-04-11 11:53:40 -0700:
2015-04-11 11:53:40 -0700: Disk Utility stopped verifying "Macintosh HD": This
disk needs to be repaired. Click Repair Disk.
2015-04-11 11:53:40 -0700:
2015-04-11 11:53:50 -0700: Verifying and repairing partition map for "TOSHIBA
MK5065GSXF Media"
2015-04-11 11:53:50 -0700: Starting repair tool:
2015-04-11 11:53:50 -0700: Checking prerequisites
2015-04-11 11:53:53 -0700: Checking the partition list
2015-04-11 11:53:53 -0700: Adjusting partition map to fit whole disk as required
2015-04-11 11:53:53 -0700: Problems were encountered during repair of the
partition map
2015-04-11 11:53:53 -0700: Error: Partition map repair failed while adjusting
structures to fit current whole disk size.
2015-04-11 11:53:53 -0700:
2015-04-11 11:53:53 -0700: : Partition map repair failed while adjusting
structures to fit current whole disk size.
2015-04-11 11:53:53 -0700: Verify and Repair volume "Macintosh HD"
2015-04-11 11:53:53 -0700: Starting repair tool:
2015-04-11 11:53:53 -0700: Repairing storage system
2015-04-11 11:53:53 -0700: The volume disk0s2 cannot be repaired when it is in
use
2015-04-11 11:53:53 -0700: Checking volume
2015-04-11 11:53:53 -0700: disk0s2: Scan for Volume Headers
2015-04-11 11:53:57 -0700: disk0s2: Scan for Disk Labels
2015-04-11 11:54:03 -0700: Invalid Disk Label @ 499239710720: cksum mismatch
2015-04-11 11:54:03 -0700: Logical Volume Group
1B3DBB0D-7858-4564-BEB2-C25BDB9CF25C on 1 device
2015-04-11 11:54:03 -0700: disk0s2: Scan for Metadata Volume
2015-04-11 11:54:03 -0700: Logical Volume Group has a 24 MB Metadata Volume with
double redundancy
2015-04-11 11:54:03 -0700: Start scanning metadata for a valid checkpoint
2015-04-11 11:54:03 -0700: Load and verify Segment Headers
2015-04-11 11:54:04 -0700: Load and verify Checkpoint Payload
2015-04-11 11:54:04 -0700: Load and verify Transaction Segment
2015-04-11 11:54:04 -0700: Incorporate 0 newer non-checkpoint transactions
2015-04-11 11:54:04 -0700: Load and verify Virtual Address Table
2015-04-11 11:54:04 -0700: Load and verify Segment Usage Table
2015-04-11 11:54:04 -0700: Load and verify Metadata Superblock
2015-04-11 11:54:04 -0700: Load and verify Logical Volumes B-Trees
2015-04-11 11:54:04 -0700: Logical Volume Group contains 1 Logical Volume
2015-04-11 11:54:04 -0700: Load and verify 33350FE3-AAD8-43EF-82B3-B0669CC8895E
2015-04-11 11:54:04 -0700: Load and verify A325582B-2E6C-45A6-A619-9F2A8D11D980
2015-04-11 11:54:04 -0700: Load and verify Freespace Summary
2015-04-11 11:54:04 -0700: Load and verify Block Accounting
2015-04-11 11:54:04 -0700: Load and verify Live Virtual Addresses
2015-04-11 11:54:04 -0700: Newest transaction commit checkpoint is valid
2015-04-11 11:54:04 -0700: Load and verify Segment Cleaning
2015-04-11 11:54:10 -0700: The volume 1B3DBB0D-7858-4564-BEB2-C25BDB9CF25C
appears to be OK
2015-04-11 11:54:10 -0700: Storage system check exit code is 0.
2015-04-11 11:54:10 -0700: Repairing file system.
2015-04-11 11:54:10 -0700: File system check exit code is 8.
2015-04-11 11:54:10 -0700: Updating boot support partitions for the volume as
required.
2015-04-11 11:55:48 -0700: Error: Disk Utility can't repair this disk. Back up
as many of your files as possible, reformat the disk, and restore your backed-up
files.
2015-04-11 11:55:48 -0700:
2015-04-11 11:55:48 -0700: Disk Utility stopped repairing "Macintosh HD": Disk
Utility can't repair this disk. Back up as many of your files as possible,
reformat the disk, and restore your backed-up files.
2015-04-11 11:55:48 -0700: